Equations Flashcards
(24 cards)
Amount of staff you need to cover the shifts
Number of shifts/Number of working days
Forecasting annual rooms revenue
Rooms available X occupancy percentage X average daily rate
Percentage of no-shows
Number of room no-shows / number of room reservations
Percentage of walk-ins
Number of room walk-ins / total number of room arrivals
Percentage of overstays
Number of overstay rooms / number of expected check out
Percentage of under stays
Number of under stay rooms [For that night] / number of expected checkouts [for that night]
Percentage of Cancellations
Number of canceled rooms [for that night] was that / number of reservations [for that night]
Percentage of early arrivals
Number of early arrivals [for that night] / number of reservations [for that night]
Average reservation on booking
Total number of bookings for a specific date/the number of dates
Average pick up
Average reservation on booking for the official date – Average reservation on bookings for the amount of days
Rule of thumb approach
Total investment/number of rooms
Pretax income
Net income/1 - tax rate
Potential average single rate
Single room revenues at rack rate/Number of rooms potentially sold as singles
Potential average double rate
Double rooms revenue at rack rate / Number of rooms potentially sold as double
Multiple occupancy percentage
Rooms occupied by more than one guest/number of rooms occupied
Rate spread
Potential average double rate - potential average single rate
Potential average rates
[Multiply occupancy percentage x rate spread] + potential average single rate
Rooms rate achievement factor
Actual average rate / potential average rates
Yield statistic formulas
3 different formulas:
- Actual rooms revenue/potential rooms revenue
- [rooms nights sold/room nights available] x [actual average room rate/potential average rate]
- Occupancy percentage X room rates achievement factor
Rev PAR
Revenue per available room
- Actual room revenue/number of rooms available
- occupancy percentage x ADR
Identical yields
Identical yields occupancy % = current occupancy percentage x [current average rate / proposed average rate]
Equivalent occupancy
%= current occupancy percentage x [current Cm/new Cm= current occupancy percentage x [rate-marginal cost/rate [1-disc.%] - marginal costs]
RevPAG
Total revenue / no.of guest
GOPPAR
Gross operating profit per available room
Departmental revenues - departmental expenses / no. of available rooms
