How to calculate hotel GOP? What does the total cost include? Can this number be found in the income statement?

Hotel GOP refers to the hotel’s total operating profit.

1. The calculation formula is:

Hotel GOP = total hotel operating income – total hotel operating expenses

2. Total expenses include: main business costs , operating expenses, business taxes and surcharges, administrative expenses, financial expenses, etc.

3. The corresponding values ??can be found in the income statement.

GOP Introduction:

"GOP" is the abbreviation of "Gross Operating Profit", which is operating gross profit. It is reflected in the income statement as revenue minus costs, labor expenses, and operating department expenses. The balance after direct expenses and indirect expenses of back-office departments. GOP = total hotel operating revenue - total hotel operating expenses

GOP rate is the profit rate, GOP rate = GOP/total hotel operating revenue × 100

Others include the abbreviation of total guest room operating profit Guest room GOP; total catering business profit, abbreviated as catering GOP, are similar

The following is an introduction: total hotel operating income includes guest rooms, catering, recreation, shopping malls, business centers, other income, etc.

Total hotel operating expenses are the expenses incurred in the hotel’s operational sales of goods and services, as well as daily expenses incurred by non-operating departments.

Total hotel gross profit GOP, GOP = total hotel operating income – total hotel operating expenses.

GOP rate is the profit rate, GOP rate = GOP/total hotel operating income × 100.

Others include the total profit from guest room operations, referred to as guest room GOP; the total profit from catering operations, referred to as catering GOP, are similar.

Total hotel operating income: This is a calculation of the income generated by the hotel in daily activities such as selling goods, providing services, and transferring asset use rights in each fiscal year. Including guest rooms, restaurants, entertainment, shopping malls, business centers, other income, etc.

Total hotel operating expenses: It calculates the expenses incurred in the hotel's operational sales of goods and provision of services, as well as the daily expenses incurred by non-operating departments.