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Peter is a revenue manager of a 300-room hotel. Over this past weekend (including both Saturday and Friday evenings) he sold 450 of his guestrooms with an average daily rate (ADR) of $300.00. What as his hotel's RevPAR for thepast weekend?

Respuesta :

Answer:

$225

Step-by-step explanation:

-RevPar is defined as the room revenue divided by the number of rooms available:

[tex]RevPar=\frac{Room \ Revenue}{Rooms \ Available}[/tex]

-The average number of rooms sold per day in the two days is:

[tex]mean =\frac{450}{2}\\\\=225\ rooms[/tex]

The PevPar can then be calculated as:

[tex]RevPar=\frac{Room \ Revenue}{Rooms \ Available}\\\\=\frac{ADR\times mean occupancy}{Rooms \ Available}\\\\=\frac{300\times 225}{300}\\\\=225[/tex]

Hence, the PevPar is $225