Accommodation management aspects

Accommodation management aspects

Assessment

Flashcard

Hospitality and Catering

University

Medium

Created by

Manupriya Chaudhary

Used 1+ times

FREE Resource

Student preview

quiz-placeholder

11 questions

Show all answers

1.

FLASHCARD QUESTION

Front

RevPAR

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

Create a free account and access millions of resources

Create resources
Host any resource
Get auto-graded reports
or continue with
Microsoft
Apple
Others
By signing up, you agree to our Terms of Service & Privacy Policy
Already have an account?