Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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% $ 91.00 800 450 290 360

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions

Question

Is this option legal?

Answered: 1 week ago