Hotel Industry Success
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The paper discusses how traditionally, the hotel industry measures its success by a calculation known as RevPAR, or revenue per available room, which Trillium will need to analyze in order to determine the most optimum strategy. The paper explains that RevPAR is figured by multiplying the hotel's average daily room rate by the occupancy rate which is measured as a percentage. The paper relates that while some hotels may measure RevPAR by dividing a hotel's revenue by its room count as well as the total number of days in a given period of time, the most common method is the former and this figure must then be divided by segment such as economy and luxury (Hoffman, Becker & Wong 87). In fact, the paper reveals that the hotel industry has become quite attractive as investment vehicles indicate an overall strong underlying financial performance.
From the Paper:"Traditionally, the hotel industry measures its success by a calculation known as RevPAR, or revenue per available room, which Trillium will need..."
Cite this Term Paper:
Hotel Industry Success (2008, December 01) Retrieved March 03, 2021, from https://www.academon.com/term-paper/hotel-industry-success-140713/
"Hotel Industry Success" 01 December 2008. Web. 03 March. 2021. <https://www.academon.com/term-paper/hotel-industry-success-140713/>