HTM 18100 Chapter Notes - Chapter 1: Revpar, Conference And Resort Hotels

• School: Purdue University
• Department: Hospitality and Tourism Management
• Course: HTM 18100
• Professor: Susan Gordan

Document Summary

Relationship between demand (number of rooms actually sold) and supply (number of rooms available for sale) Measures the hotel"s share of the market , so it measures quantity. Occupancy rate in % = rooms sold/ rooms available for sale. Also known as sales per occupied room. The dollar amount received for each room sold. Average daily rate = room sales (measured in dollars) / number of rooms sold. = (90 * ) / 90 rooms sold. Not every room is the same price; if we sell 50 rooms at and 40 rooms at , what is our. . 22 = ((50*) + (40 * )) / 90 rooms sold. = 1* / 1 room sold. Relationship between revenue per room and the total room inventory available. Measures how well management fills rooms, without cutting prices. Revpar = room revenue or sales in $ / number of rooms available for sale.