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+000/0:25 Calculate ADR Penetration Index Step1 Market average ADR = Total room revenue Total room nights sold Total Market Rooms Sold: 330 Total Market Rooms
+000/0:25 Calculate ADR Penetration Index Step1 Market average ADR = Total room revenue Total room nights sold Total Market Rooms Sold: 330 Total Market Rooms Revenue: $69,750 Step 2 ADR Penetration Index NC Hotel ADR: $195 STEP 1 Total Market Rooms Sold Total Market Rooms Revenue Market Average ADR STEP 2 NC Hotel ADR Market Average ADR ADR Penetration Index Calculate RevPar Penetration Index Step 1 Market average Market RevPAR average ADR Step2 RevPAR penetration index Example: NC Hotel RevPAR: $169 STEP 1 Market Average ADR Market Average Occupancy Market Average RevPAR STEP 2 NC Hotel RevPAR = X Market average RevPAR RevPAR Penetration Index Hotel ADR Market average ADR Hotel RevPAR Market average RevPAR Market average occupancy percentage x 100 x100 Explain what does this RevPAR index say about the performance for the NC Hotel?
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