Traditional Culture Encyclopedia - Hotel reservation - How to calculate the house price execution rate?

How to calculate the house price execution rate?

House price execution rate can be calculated by the following formula:

House price execution rate = monthly average overnight price / basic price × 100

Wherein, the basic price refers to The hotel sets a high-yield price for room rates, and the monthly average overnight rate is the average price of hotel room sales in that month. A high room rate execution rate means that the hotel's room rate is close to the high-yield price set by the hotel. If the occupancy rate is equally high, it means that the hotel's revenue is doing well.