Question
In what statistical industry metric(s) is 'My Property' CLEARLY doing remarkably well in comparison to the Competitive Set (major hotel competition in same service level
In what statistical industry metric(s) is 'My Property' CLEARLY doing remarkably well in comparison to the Competitive Set (major hotel competition in same service level and geographic area) no matter which month you look at? Choose the best response.
Group of answer choices
My Property's ADR is the only metric that is much higher than the Competitive Set for every single month that has comparative data.
My Property's occupancy percentage is the only metric that is higher than the Competitive Set for every single month that has comparative data.
My Property's ADR and REVPAR are BOTH much higher than the Competitive Set for every single month that has comparative data.
The 'index' in the STR Report refers to how much of its fair share of the available business a property has in ADR, Occupancy, or REVPAR. An index of 100 indicates that the property has captured its fair share. Anything greater than 100 indicates a property is capturing more than its fair share, while anything below 100 indicates the property is capturing less than its fair share.
True or false? According to the index figures, my Property has captured more than its share of the available business in the Month of May for both 2015 and 2016 in occupancy, ADR, and REVPAR.
Group of answer choices
True
False
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