Traditional Culture Encyclopedia - Hotel accommodation - What is the best range of hotel repar value?
What is the best range of hotel repar value?
The higher the revpar, the better, that's for sure. Because the Chinese name of hotel revpar is the rate of return per room, which refers to the total room income of the hotel in one month divided by the total number of rooms in the hotel in one month. That is to say, if the total number of rooms in the hotel is 200, then the cumulative total number of rooms in a month is 200*3 1 day, so the higher the revpar of the hotel, it means that the room business of the hotel is very good.
RevPAR is an indicator of hotel operating ratio. RevPAR is the abbreviation of RevenuePerAvailableRoom, which means "average income per room available for rent" or "average room income". The calculation formula of RevPAR is: RevPAR= room income/number of rooms available for rent or RevPAR= room occupancy rate * average house price.
RevPAR is an important index to measure the level of hotel room management and return on investment. RevPAR is regarded as a very important indicator in international hotel textbooks, in the statistical system adopted by international hotel management groups, and in hotel investment owners, hotel operators and consulting companies related to tourism and hotels.
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