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Pls show how u calculate 1. You are a developer considering the purchase of a 400-room hotel in the Portland Oregon market. The table below
Pls show how u calculate
1. You are a developer considering the purchase of a 400-room hotel in the Portland Oregon market. The table below shows the revenue performance of your prospective hotel compared with its 5 most direct competitors. Calculate the overall performance of this market in terms of RevPAR and RevPAR index. The average RevPAR should be determined by total combined hotel revenue divided by total available rooms for the market. Rooms 400 200 Hotel Your hotel Competitor 1 Competitor 2 Competitor 3 Competitor 4 Competitor 5 TOTAL 2017 Occ 2017 ADR 76% $ 95.50 72% $ 106.00 64% $ 119.00 66% $ 102.00 61% $ 126.00 73% $ 91.00 800 450 290 360Step by Step Solution
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