What if some of my rooms are larger (2bedroom/2 bathroom) than others (studio with 2 beds and 1 bathroom)? Do I just consider a room a room? Or do I need to take into account the sizes/number of Occupants (some rooms only can have 2 and some can have up to 6) that can go in each room? The price difference in some of these rooms is a difference of $150 ($159/night and another room for $309/night). Thank you!
Jamie, for a hotel when considering RevPAR a room is a room. It's real big picture. In the real world though it's good to consider larger rooms for their added value. With Valentine's Day approaching I encourage my clients to drastically raise the rates on their very few Jacuzzi rooms.
Thanks so much for reaching out. A trend I see with college students who reach out to me is that teachers have them do a bunch of work that has little-to-no real world value. I have a college degree, but not in hospitality. I just learned all these things on my own and have clients that pay me to help their hotel make money. I have never heard of a 10-K report and none of my clients have ever used one. I have both independent and branded clients. Sorry I couldn't be of more help.
If the ADR is $155 that doesn't means half rooms are for 145 and the other half is 165. I mean theoretically this is correct but in real life you might sell one room for a walk in as $200 and three other rooms for $150 each. Is the average 175 ? No
Thanks for insights of maths from 10 year old in Polish ecucation.
What's your problem? Who hurt you?
Thank you Mr. Branson for this video. appreciate
Thanks, Ketan!
Ma man ur explanation is fantastic, thanks alot
Thanks for the encouragement!
What if some of my rooms are larger (2bedroom/2 bathroom) than others (studio with 2 beds and 1 bathroom)? Do I just consider a room a room? Or do I need to take into account the sizes/number of
Occupants (some rooms only can have 2 and some can have up to 6) that can go in each room? The price difference in some of these rooms is a difference of $150 ($159/night and another room for $309/night). Thank you!
Jamie, for a hotel when considering RevPAR a room is a room. It's real big picture. In the real world though it's good to consider larger rooms for their added value. With Valentine's Day approaching I encourage my clients to drastically raise the rates on their very few Jacuzzi rooms.
I'm taking a management course and working on a hotel project. How do measure gross profit based on the information in a 10-K report?
Thanks so much for reaching out. A trend I see with college students who reach out to me is that teachers have them do a bunch of work that has little-to-no real world value. I have a college degree, but not in hospitality. I just learned all these things on my own and have clients that pay me to help their hotel make money. I have never heard of a 10-K report and none of my clients have ever used one. I have both independent and branded clients. Sorry I couldn't be of more help.
Awesome ! Thanks from Russia!
Thanks!
If the ADR is $155 that doesn't means half rooms are for 145 and the other half is 165. I mean theoretically this is correct but in real life you might sell one room for a walk in as $200 and three other rooms for $150 each. Is the average 175 ? No
... Your reasoning is incorrect
@@erics.8752 No.. it is correct
Awesome vedeo sir,Thanks from Bangladesh
Thanks, sir!
Love u sir thanks 🙏
Thanks, Amit!
How to calculate hotels value
I'm sure you have a good reason not to use excel to do the calculations... but using external calculator just looks very unprofessional.
Bhai itna time lagaoge to kya ghanta seekhunga