What is RevPAR?

What is RevPAR? RevPAR is the abbreviation of Revenue Per Available Room, which refers to the average actual operating income generated by each loanable room, and can be multiplied by the actual average house price.

20 17 why is the hotel RevPAR in the United States 2.6 times higher than that in China? The average room rate (ADR) of national star-rated hotels is 359. 17 yuan/room, the average occupancy rate (OCC) is 60.40%, which is 3.50 percentage points higher than last year, and the RevPAR is 2 17 yuan/room. Since the central government promulgated "eight regulations and six prohibitions" in 20 12, the performance of China's hotel market has taken a sharp turn for the worse, and the occupancy rate of star-rated hotels has dropped from 59.46% in 20 12 to 54% in 20 14.

In order to cope with the changes in the macro environment, the whole industry has focused on market structure adjustment and product innovation. By 20 15, the effect of innovation and change began to appear, and the share of the whole industry rebounded. In the past three years, the overall performance of the hotel industry in China has improved.

According to previous data, in the past 25 years, the overall occupancy rate of star-rated hotels in China has been around 60%, and the average house price has remained around 300 yuan. If we consider the time value of money, it is not difficult to find that the overall price of China's hotel industry is low. One possible explanation is that the surge in supply has led to the "price-for-rent ratio" becoming a common practice in industry competition.

As far as a single market segment is concerned, in the past decade, due to the rapid rise of non-standard hotels, the occupancy rate of the original 123 star hotels (now limited service hotels) has been declining, and the occupancy rate of one-star hotels has even dropped to about 20%. Five-star hotels have the best performance, the occupancy rate is the first, and the average house price is twice that of star hotels.

China Star Hotels OCC and ADR1991-2017

Note: ADR of 1995-2005 is calculated according to the data of room income and the ratio of room to income. The house price forecast from 2005 to 2009 can only be found in the paper version of the Yearbook of Tourism Statistics. (Source: National Tourism Administration)

Look at the performance of American hotel industry. STR (Smith Tourism Research) and American Hotel Association (American Hotel &; Accommodation Association /AHLA) data show that:

Except in special periods, in the past 25 years, the occupancy rate of American hotel industry has been between 60% and 65%, and the average house price has increased by nearly 1.5 times. In 20 17, the occupancy rate of American hotels was 65.9% (up 0.9% year-on-year), the average room rate was 126.72 USD/day (up 2. 1% year-on-year, about 862 RMB), and RevPAR was 83.57 USD (up 3.0% year-on-year, about RMB) (PS: 20 17, the average exchange rate of USD against RMB is 6.75 18, while the average exchange rate of last year was 6.6423).

In 20 17, American hotel industry set a new record of supply and demand. Available rooms are 65.438+0.87 billion (about 56.5438+0.2 million), while the demand is 65.438+0.23 billion. Demand growth (2.7%) exceeded supply growth (1.8%), although supply growth was the biggest increase since 2009.

199 1-20 15 American hotel occupancy rate

Source: Smith Tourism Research Trend Report, May 2, 1965, 438+06, and Center for Economic Analysis and Policy of Aldo Domingo University.

American Hotel Industry ADRandRevPAR 1990-20 18P Company

Source: STR

In addition, the performance of Chinese and American hotels and even the global hotel industry is greatly affected by economic crisis (such as 199 1, 1998, 2008), policy changes and unexpected events (SARS in 2003).

What is PayPal? PayPal (the brand in Chinese mainland is PayPal) is a wholly-owned subsidiary of Yi Bei Company. Founded by peter thiel and Max Levchin.

Paypal is a website payment method similar to Alipay and WeChat payment, which is generally used for foreign exchange transactions. What is it?

PayPal (PayPal in Chinese mainland), 1998 12 was established by peter thiel and Max Levchin. Is an Internet service provider, headquartered in San Jose, California, USA, which allows the transfer of funds between users who use e-mail to identify themselves, avoiding the traditional methods of mailing checks or remittances. PayPal also cooperates with some e-commerce websites to become one of their payment methods; However, when transferring money through this payment method, PayPal charges a certain handling fee.

PayPal is an international online payment platform.

Generally speaking, it can be said to be a foreign trade collection tool. Universal.

Online collection, instant receipt, more convenient and fast.

Registration and certification are free, and there is no annual fee.

PayPal business

I'll send you a private message.

What is Paypal PayPal is the world's largest online payment platform, which is dedicated to enabling individuals or enterprises to pay and receive money online safely, simply and conveniently through e-mail. PayPal account is the most secure online electronic account launched by PayPal Company. Using it can effectively reduce the occurrence of online fraud cases. The advanced management function of account integration allows you to easily control the details of each transaction.

Now, PayPal has supported transactions in more than 24 currencies in more than 90 countries and regions around the world/kloc-0. PayPal provides you with a safe and efficient one-stop payment scheme, integrating international popular payment methods such as credit card, debit card and electronic check. Help buyers and sellers solve payment problems in various transactions.

What is paypai PayPal? It is a Yi Bei company, a global leader in online payment solutions, with more than 71600,000 account users all over the world. Yi Bei buyers and sellers, online retailers and other businesses can use PayPal in 56 markets and 6 currencies.

Canadian Dollar

euro

pound

dollar

yen

AUD

PayPal is fast, safe and convenient, and it is an ideal solution for transnational transactions.

What are the main benefits of using PayPal as the preferred international online payment method?

Buyer's interests:

Security: PayPal guarantees the security of information. You can pay online without revealing the details of your bank card or bank account to others.

Quick: With PayPal, you can immediately pay anyone with an email address.

Convenient/Easy: It is very fast to register PayPal. Once you become a user, you can trade with sellers in 56 markets around the world, including the Asian and European markets such as the United States and the United Kingdom.

Seller's advantage:

Security: Your financial information will not be disclosed to anyone. PayPal uses the most advanced commercial encryption technologies to protect your data, which are adopted by first-class global banks such as CSFB, Citibank and HSBC.

Quick: No matter where your buyer is, the payment will be remitted to your PayPal balance immediately.

Convenience: You can use our tools to manage transactions and improve efficiency.

What's the difference between "PayPal" and "PayPal"?

Paypal. Allows you to send and receive payments to users in 55 countries and regions.

You can trade in many currencies, including USD, CAD, EUR, GBP, AUD and JPY.

Only individuals and business account holders charge when they receive payment.

You can add a credit card to your account and use it to pay.

Paypal Paypal .. can only send and receive payment to users in China.

Can only be traded in RMB.

Buyers or sellers can now use PayPal accounts for free.

You can add a bank account in China to transfer funds between PayPal account and bank account.

What are cpa and ppa CPA? Refers to the person who has obtained the certificate of certified public accountant and practiced in an accounting firm. The English full name is Certified Public Aountant, abbreviated as CPA. They refer to professionals engaged in social audit/intermediary audit/independent audit. Certified Public Accountant (CPA) is the only officially recognized CPA qualification in China, and it is also the only one who has the right to sign.

PPA is the abbreviation of phenylpropanolamine hydrochloride, which is a synthetic sympathomimetic amine, and its structure is similar to adrenaline, phenylephrine, ephedrine and amphetamine. Many drugs for treating colds and suppressing appetite contain this ingredient.