Hospitality Tip Of The Day

  Revenue Per Available Room (RevPAR) What Is Revenue Per Available Room (RevPAR)? Revenue per available room (RevPAR) is a metric used in the hospitality industry to measure hotel performance. The measurement is calculated by multiplying a hotel's  average daily room rate  (ADR) by its  occupancy rate . RevPAR is also calculated by dividing a hotel's total room revenue by the total number of available rooms in the period being measured. KEY TAKEAWAYS Revenue per available room (RevPAR) is a performance measure used in the hospitality industry. RevPAR is calculated by multiplying a hotel's average daily room rate by its occupancy rate. RevPAR is also calculated by dividing total room revenue by the total number of rooms available in the period being measured. RevPAR reflects a property's ability to fill its available rooms at an average rate. An increase in a property's RevPAR does not necessarily mean greater profits.   An increase in a property's RevPAR most l...

  Hospitality Tip Of the day (1). #Hospitalitytipoftheday ADR (Average Daily Rate)/ ARR( Average Room Rate) ADR is a KPI that shows your hotel’s average revenue per occupied room per day. As it doesn’t include empty rooms, you can use it to compare hotel performance and revenue to previous periods, thus forecasting seasonal trends better. ADR Formula ADR = Room Revenue / Number of Sold Rooms Example: If you’ve generated $10,000 room revenue with 20 rooms booked in a day, your ADR would be $500. #hospitality   #hotel   #hospitality   #luxury  #india   YouTube channel link for beginner hotelier to learn. https://www.youtube.com/channel/UC_TnAtn43HdwDF16O3F-MTA