How is the hotel forecasted to perform compared to the previous year? Summaries Group Weekday Transient Weekday
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How is the hotel forecasted to perform compared to the previous year?
| Summaries | Group Weekday | Transient Weekday | Total Hotel Weekday | ||||||||
| Rms | ADR(G) | Revenue(G) | Rms | ADR(G) | Revenue(G) | Rms | ADR(G) | Revenue(G) | |||
| Forecast | 1,794 | $215.90 | $387,320 | 6,371 | 250.38 | $1,595,141 | 8,165 | 242.80 | $1,982,461 | ||
| Last Year | 2,358 | $232.43 | $548,059 | 6,266 | 277.67 | $1,739,869 | 8,624 | 265.30 | $2,287,928 | ||
| Variance to LY | (564) | -$16.53 | ($160,740) | 105 | -$27.29 | -$144,728 | (459) | -$22.50 | ($305,467) | ||
| Budget | 1,684 | $240.00 | $404,160 | 6,348 | 293.65 | $1,864,108 | 8,032 | 282.40 | 2,268,268 | ||
| Variance to Budget | 110 | -$24.10 | ($16,840) | 23 | -$43.28 | -$268,967 | 133 | -$39.60 | ($285,807) | ||
| Group Weekend | Transient Weekend | Total Hotel Weekend | |||||||||
| Rms | ADR(G) | Revenue(G) | Rms | ADR(G) | Revenue(G) | Rms | ADR(G) | Revenue(G) | |||
| Forecast | 605 | 241.73 | $146,247 | 2,254 | 232.89 | $524,944 | 2,859 | 234.76 | $671,192 | ||
| Last Year | 926 | 205.94 | $190,703 | 2,024 | 199.66 | $404,108 | 2,950 | 201.63 | $594,812 | ||
| Variance to LY | (321) | $35.79 | -$44,456 | 230 | $33.24 | $120,836 | (91) | $33.13 | $76,380 | ||
| Budget | 662 | 189.00 | $125,118 | 1,748 | 203.34 | $355,430 | 2,410 | 199.40 | $480,548 | ||
| Variance to Budget | (57) | $52.73 | $21,129 | 506 | $29.56 | $169,514 | 449 | $35.37 | $190,644 | ||
| Group Monthly Total | Transient Monthly Total | Total Hotel for the Month | |||||||||
| Rms | ADR(N) | Revenue(N) | Rms | ADR(N) | Revenue(N) | Rms | ADR(N) | Revenue(N) | |||
| Forecast | 2,399 | 222.41 | $533,567 | 8,625 | 245.81 | 2,120,085 | 11,024 | 240.72 | $2,653,653 | ||
| Last Year | 3,284 | 224.06 | $735,807 | 8,290 | 259.26 | 2,149,266 | 11,574 | 249.07 | $2,882,740 | ||
| Variance to LY | (885) | -$1.65 | -$202,239 | 335 | -$13.45 | -29,181 | (550) | -$8.35 | -$229,087 | ||
| Budget | 2,346 | 223.53 | $524,401 | 8,096 | 274.15 | 2,219,538 | 10,442 | 263.25 | $2,748,816 | ||
| Variance to Budget | 53 | -$1.12 | $9,167 | 529 | -$28.35 | -99,452 | 582 | -$22.53 | -$95,163 | ||
Expert Answer:
The hotel is forecasted to perform worse compared to the previous year in terms ... View the full answer
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