Traditional Culture Encyclopedia - Hotel franchise - What does the hotel often say about repar?
What does the hotel often say about repar?
RevPAR stands for revenue per available room. Refers to the average actual operating income generated by each available room. Divide the actual total income of the house by the total number of units in the house, but the actual average house price multiplied by the rental rate is the same.
Because the average house price and occupancy rate are more controllable than the total income, more hotels or guesthouses are used to calculating the actual average house price * occupancy rate.
Calculation formula of RevPar
RevPar= total room revenue/total number of rooms
RevPar= actual average house price × occupancy rate
Occupancy rate = total number of rooms for rent/total number of rooms.
Actual average house price = total room income/total number of rooms for rent.
RevPar is a widely used measure in the international hotel industry, which reflects the room income generated by each room, so it can measure the success of hotel room inventory management.
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