HTM 4454 Lecture Notes - Lecture 4: Revpar
2 Sep 2016
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Lo4: hotel math fundamentals: str history, randy smith a. i. Collected data for existing mailing list in 80s to help create valid research for complete feasibility studies during the recession a. i. 1. a. i. 2. a. i. 3. Revpar: hvs (hospitality valuation services) largest hotel feasibility studies company in the world. Internal kpis (6 total: occupancy , adr , revpar $ (considered most important) c. i. Differs from adr because it is affected by amount of c. ii. unoccupied rooms. Issue with revpar this is only counting room revenue and ignores f&b, events, etc. revenue c. ii. 1. c. ii. 2. Issue with revpar it is a top-line measure revenue is great, but we are really looking at profit as well: percent changes (this year last year)/ last year*100 d. i. These properties may be geographically dissimilar: kpis for the competitive set how do you derive? c. i. Kpis derived based upon he aggregated raw data for each separate hotel in the comp set c. i. 1.
