Rev Par
The metric which is a function of both room rates and occupancy is one of the most important gauges of health among hotel operators.
Rev par. However if the calculation uses total hotel revenue instead of guestroom revenue it equals trevpar total revenue per available room. 80 per night x 85 68 revenue per available room. Successful revpar numbers differ from market to market based on demand and other factors. Revpar is a comprehensive snapshot of how well you are attracting guests and the effectiveness of your pricing strategy think of it as an instant health check on your room business.
Revenue per available room revpar is a performance measure used in the hospitality industry. What is revenue per available room revpar. 12 nov 2020 11 57 am ist. The revpar index or revenue generating index rgi should be 100.
Mumbai continues to be the revpar leader in absolute terms despite the decline of revpar by 71 7 in q3 2020 compared to q3 2019 whereas bengaluru saw the sharpest decline in revpar in q3 2020 with 88 1 decline compared to the same period in the previous year. Rev par average daily room rate x occupancy rate revpar is rooms revenue per available room total rooms inventory rooms revenue is the revenue generated by room sales. If a hotel charges on average 80 per night and usually fills 45 of their 50 rooms or 85 occupancy their revpar would be calculated. Revenue per available room or revpar for short is a ratio commonly used to measure financial performance in the hospitality industry.
Revpar is calculated by multiplying a hotel s average daily room rate by its occupancy rate. While revpar is the straightforward calculation to understand how well you are selling and profiting from your rooms the revpar index measures the performance of your revpar relative to a grouping of other hotels such as a competitive set market or sub market. Analyzing over time guides your business short and long term decisions as well as growth of market share. Revpar or revenue per available room is a performance metric in the hotel industry that is calculated by dividing a hotel s total guestroom revenue by the room count and the number of days in the period being measured.
Best compared across like time periods. Revenue per available room pendapatan per jumlah kamar tersedia adalah sebuah istilah di industri perhotelan yang merupakan hasil perhitungan keseluruhan pendapatan penjualan kamar berbagi dengan jumlah kamar yang tersedia di hotel tersebut. Rooms available as used in calculating. Revpar alternatives while revpar s industry popularity makes it easy to compare revenue figures across properties and brands revpar misses the mark for hoteliers looking at profit not just revenue.