Peter is a revenue manager of a 300-room hotel. Over this past weekend (including both Saturday and Friday evenings) he sold 450 of his guestrooms with an average daily rate (ADR) of $300.00. What was his hotel's RevPAR for the past weekend?
2 answers:
Answer:
200
Step-by-step explanation:
Total room =300
Sold room =450
Dally Average Rate =.300
Calculation of revised PAR
=300*300/450
=90,000/450
=200
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Answer:
$225
Step-by-step explanation:
Revenue per available room was ...
($300/room sold)(450 rooms sold)/((300 rooms/night)(2 nights))
= $(300·450/(300·2) = $(450/2)
= $225
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