HTM 3060 Chapter Notes - Chapter 2: Revpar

• School: University of Guelph
• Department: Hospitality and Tourism Management
• Course: HTM 3060
• Professor: Woomi Jo

Document Summary

Hotel math fundamentals metrics used by the hotel industry. Kpis for the comp set are derived based on the aggregated raw data for each separate hotel that is a member of the comp set. Aggregate raw supply, demand and revenue for each member then apply the kpi formulas. Companies can choose whether to include or exclude the data for the subject hotel in the numbers for the comp set. When analyzing performance, compare the actual kpis of the subject vs the comp set and also the percent changes. When the percent changes of the subject and comp set are both negative, the lower number wins. Index numbers compare performance of the subject to the comp set (>100 means subject wins, <100 comp set wins): Index = subject value/comp set value * 100. Index numbers generated for all time periods and are relied upon heavily. Other terms: penetration = occ index, yield = revpar index.