I totaly agree the total revenue figure provided is not a 100% accurate, meaning such deductibles as tax on revenue, extranet commissions and average cost of breakfast if any (to name but a few) have not been taken account of. My point being NET revenue on accommodation needs to be calculated first then dived by the number of rooms available.
Neither. It is the revenue for all available rooms. Some are occupied and some are not. The goal is to increase the Revenue PAR which means more rooms are occupied at $70 or $85 or $90 rather than $0 for unoccupied rooms. Does that make sense?
Is not RevPAR known at 1:20 already, cause Total Revenue/34 Av. rooms = $1990/34=$58.52. Your calculation is also not quite right cause ADR = 1990/23=86.52 and that x 0.6764 = $58.52 which is the same.
This is not an accurate formula, the textbook formula for RevPAR is Total accommodation l revenue NET divided by total rooms available =RevPAR. Your formula is giving me pretty close result but still, not accurate. ¨'
I’m a college professor who teaches from several textbooks and we don’t typically qualify the NET part. Are you speaking of NET as the revenue prior to taxes such as city or state tax? If so, that is assumed that one wouldn’t add on taxes because that isn’t included in revenue because it is not revenue. Thanks for your feedback.
Honestly, I agree with you it does not make any sense to me because if you were to multiply the RevPAR obtained (59.16)x Rooms Available (34), it should equals Total revenue (1,990), which is not the case. Please correct me if I am wrong!
Wrong answer. dont follow this. the right answer is: To control whether strategies of Revenue is successful or not, is precise to control rooms revenue. ... ADR or ARR: it is the average price of each room sold per day. Revpar: it is the average price of each available room per day, per month or per year. It may also be calculated by dividing a hotel's total room revenue by the total number of available rooms in the period being measured.
Can you clarify why you are suggesting that it is wrong? It is written in nearly every textbook as stated in the video. In addition, your comments support the content.
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Excellent
Thank you from Russia ! Love your voice and teaching !
Finally! I understood. Thank you 🙏🏻
This is far best video about revpar
clear and to the point thank you Jen
Great video, now i know what is revpar.
Finally understand what RevPAR means :D
I totaly agree the total revenue figure provided is not a 100% accurate, meaning such deductibles as tax on revenue, extranet commissions and average cost of breakfast if any (to name but a few) have not been taken account of. My point being NET revenue on accommodation needs to be calculated first then dived by the number of rooms available.
please upload more
So 59.16 $ is what we going to get for each occupied room or the average from all the occupied rooms at that moment?
Neither. It is the revenue for all available rooms. Some are occupied and some are not. The goal is to increase the Revenue PAR which means more rooms are occupied at $70 or $85 or $90 rather than $0 for unoccupied rooms. Does that make sense?
Is not RevPAR known at 1:20 already, cause Total Revenue/34 Av. rooms = $1990/34=$58.52. Your calculation is also not quite right cause ADR = 1990/23=86.52 and that x 0.6764 = $58.52 which is the same.
This is not an accurate formula, the textbook formula for RevPAR is Total accommodation l revenue NET divided by total rooms available =RevPAR. Your formula is giving me pretty close result but still, not accurate. ¨'
I’m a college professor who teaches from several textbooks and we don’t typically qualify the NET part. Are you speaking of NET as the revenue prior to taxes such as city or state tax? If so, that is assumed that one wouldn’t add on taxes because that isn’t included in revenue because it is not revenue. Thanks for your feedback.
Just appreciate what you learned dumbass
Honestly, I agree with you it does not make any sense to me because if you were to multiply the RevPAR obtained (59.16)x Rooms Available (34), it should equals Total revenue (1,990), which is not the case. Please correct me if I am wrong!
@@Abisairamirez it is the decimals, she rounded up.. i explained it in a comment
Jen E. Can I contact you via e-mail?
Wrong answer. dont follow this.
the right answer is:
To control whether strategies of Revenue is successful or not, is precise to control rooms revenue. ... ADR or ARR: it is the average price of each room sold per day. Revpar: it is the average price of each available room per day, per month or per year.
It may also be calculated by dividing a hotel's total room revenue by the total number of available rooms in the period being measured.
Can you clarify why you are suggesting that it is wrong? It is written in nearly every textbook as stated in the video. In addition, your comments support the content.