RevPAR

Accommodation management aspects

Flashcard
•
Hospitality and Catering
•
University
•
Medium
Manupriya Chaudhary
Used 1+ times
FREE Resource
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11 questions
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1.
FLASHCARD QUESTION
Front
Back
Revenue Per Available Room
Total Room Revenue/Total rooms available for sale
or
ADR X Occupancy percentage
2.
FLASHCARD QUESTION
Front
ADR
Back
Average Daily Rate
Total Room Revenue/Total rooms sold
3.
FLASHCARD QUESTION
Front
Occupancy Rate
Back
Percentage of available rooms that are occupied
(Total rooms sold/Total rooms available) x 100
4.
FLASHCARD QUESTION
Front
mLOS
Back
Minimum length of stay
'refers to the minimum number of nights a guest must book to make a reservation'
5.
FLASHCARD QUESTION
Front
Rate Parity
Back
the practice of maintaining consistent hotel rates across all distribution channels
6.
FLASHCARD QUESTION
Front
Dynamic Pricing
Back
pricing involves changing room rates daily or even within the day based on real-time market data
7.
FLASHCARD QUESTION
Front
Hubbart Formula
Back
Operating Costs + Required Returns – Income ex other departments
Expected number of room nights
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