Define REVPAR and explain why it is so important as a revenue measurement for room revenues as
Question:
Define REVPAR and explain why it is so important as a revenue measurement for room revenues as well as total hotel financial performance.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
REVPAR is an important measure of a hotels ability to generate ...View the full answer
Answered By
Muhammad Ghyas Asif
It is my obligation to present efficient services to my clients by providing a work of quality, unique, competent and relevant. I hope you have confidence in me and assign me the order and i promise to follow all the instructions and keep time.
4.60+
109+ Reviews
203+ Question Solved
Related Book For
Accounting and Financial Analysis in the Hospitality Industry
ISBN: 978-0132458665
1st edition
Authors: Johnathan Hales
Question Posted:
Students also viewed these Business questions
-
Explain why it is so important for a companys board to establish a strong tone at the top in relation to internal controls. Identify two ways this might be done.
-
Prolonged success for auto manufacturers is likely to come from their ability to sell cars in rapidly developing countries like Russia, Brazil, India, and Indonesia. However, selling cars in these...
-
Explain why it is so difficult to measure the effectiveness of an IMC program that uses multiple program elements.
-
All individuals in Canada have the responsibility to take meaningful actions towards truth and reconciliation. As business professionals, we take it a step further and talk about our responsibility...
-
Consolidated Industries is a diversified manufacturer with several divisions, including the Reigis Division. Consolidated monitors its divisions on the basis of both unit contribution margin and...
-
Evolution is the gradual conversion of one species into one or several new species. It occurs for the most part by __________________ ________________. Mutations cause new __________________ or new...
-
Afzal Lokhandwala owns and operates eight KFC franchises in Illinois. Each franchise operates under an identical franchise agreement. Lokhandwala says he identified selling Halal chicken as a...
-
Southwest has mastered the low-price model and has the financial results to prove it. Why dont the other airlines copy Southwests model?
-
The adjusted trial balance for Tara Marie Company at December 31, 2024 is presented below: Debit Credit Cash Accounts receivable Prepaid rent $10,500 150,000 5,000 Inventory 25,000 Equipment 300,000...
-
QUESTION 1 ?Is this statement true or false??Even if plagiarism is discovered years from now, a university can withdraw a qualification that was awarded to a student? A. True B. False 1 points ?...
-
Name and describe the three main financial statement of a business. Include the characteristics of each financial statement.
-
Name and describe the four profit levels in a hotel.
-
For Exercises perform the following steps. a. Draw the scatter plot for the variables. b. Compute the value of the correlation coefficient. c. State the hypotheses. d. Test the significance of the...
-
a. Identify at least two industry codes of practice relevant to marketing b. For each code of practice, discuss at least one requirement that can affect marketing operations of your...
-
Cape Co. reported book income of $140,000. Included in that amount was $50,000 for meal expenses and $40,000 for federal income tax expense. In Cape's Schedule M-1 of Form 1120, which reconciles book...
-
Loblaw Companies Ltd. is Canada's largest food and pharmacy firm, with sales in 2019 over $48 billion. It is represented in all provinces. President's Choice brand-name products, the Real Canadian...
-
Develop a report including analysis of the measurement and recommendations for further changes. Include in your report the following: The suggested changes The steps and cost involved in making the...
-
Using this method of budgeting, a company selling $25,000,000 annually wants to allocate 5% of their total annual sales to their advertising and marketing budget. A defensive strategy will be applied...
-
Holland Home Electronics transfers (sells) inventory to Oslo ASA with right of return within the next 3 months. Advise Holland management on the conditions under which it can consider goods sold...
-
Anna, a high school counselor, devised a program that integrates classroom learning with vocational training to help adolescents at risk for school dropouts stay in school and transition to work...
-
Using the data from the previous problem: Data from previous 1. Using the data presented below: a. Create a common-size income statement for 2019 and 2020. This statement should be created on a...
-
Using the data presented below: a. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Try to duplicate the formatting...
-
Choose your own company and repeat the analysis from Problems 1 and 2. Get the data from Yahoo! Finance at https://finance.yahoo.com/. To retrieve the data for your company, enter the name or ticker...
-
Convert the following decimal numbers to binary a. 256 b. 45 C. 9871
-
Explain the impact cultural diversity has on the group process in counseling.
-
task: write a 6-8 line algorithm for a program that accomplishes the following The program asks the user to input a numeric year, month, and day. The program then says what day of the week it was on...
Study smarter with the SolutionInn App