Traditional Culture Encyclopedia - Hotel franchise - What does the average hotel room price mean?

What does the average hotel room price mean?

generally refers to the monthly average price, and the gross profit margin can be calculated.

room income ÷ number of rooms occupied on the same day = average daily room price

average monthly room income ÷ number of rooms occupied = average monthly room price

annual room income ÷ number of rooms occupied = average annual room price

used to calculate costs and profits.