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September. Based on the above information help Jobanpreet and Yani to calculate the ADR and REVar for the hotel. (30 days in a month)1. ADRDollar value2. REVparDollar value

September. Based on the above information help Jobanpreet and Yani to calculate the ADR and REVar for the hotel. (30 days in a month)1. ADRDollar value2. REVparDollar value

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Mark Young the general manager of hotel Grand View is happy that business has picked up for the 700-bedroom hotel. During the month of September which is slowdown period for business, the sales and marketing manager Parminder Kaur was able to get new 8 new corporate accounts for total room nights of 6,000 rooms. revenue manager Jobanpreet Kaur along with finance director Yani Gomez are trying to calculate the various KPI's for the hotel so that they can present it to the corporate team Hotel total room revenue was 3,260,917 for the whole month, with total room nights 19,500. The hotel had a consistent occupancy of 90% all through the month of September. Based on the above information help Jobanpreet and Yani to calculate the ADR and REVar for the hotel. (30 days in a month) 1. ADRDollar value2. REVparDollar value
Transcribed Image Text:Mark Young the general manager of hotel Grand View is happy that business has picked up for the 700-bedroom hotel. During the month of September which is slowdown period for business, the sales and marketing manager Parminder Kaur was able to get new 8 new corporate accounts for total room nights of 6,000 rooms. revenue manager Jobanpreet Kaur along with finance director Yani Gomez are trying to calculate the various KPI's for the hotel so that they can present it to the corporate team Hotel total room revenue was 3,260,917 for the whole month, with total room nights 19,500. The hotel had a consistent occupancy of 90% all through the month of September. Based on the above information help Jobanpreet and Yani to calculate the ADR and REVar for the hotel. (30 days in a month) 1. ADRDollar value2. REVparDollar value
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