Question
Read the case below , compute the required sections as required to provide an analysis Paige Vincent is the revenue manager at the Hotel Novo.
Read the case below , compute the required sections as required to provide an analysis
Paige Vincent is the revenue manager at the Hotel Novo. For over 12 months, she has been working hard to improve the performance of her hotel. Paige just received the following performance data. Help her understand the revenue optimization trends for her property by completing the chart and then answering the questions that follow.
Novo Hotel Performance
| |||
Hotel Novo | Comp Set | Index | |
This Month | 59.2 | 62.1 | |
Last 3 Months | 55.1 | 57.7 | |
Last 12 months | 51.3 | 55.6 | |
ADR | |||
This Month | $266.57 | $270.15 | |
Last 3 Months | $244.91 | $269.69 | |
Last 12 Months | $231.45 | $268.95 | |
RevPAR | |||
This Month | |||
Last 3 Months | |||
Last 12 months |
- What was Paige's occupancy index this month? 1 mark
- What was Paige's ADR index for the last three months? 1 mark
- What was Paige's RevPAR index this month? 1 mark
- What was Paige's RevPAR for the last 12 months? 1 mark
- Compare Paige's property performance for the past 12 months to that of her comp set. Outline how effective Paige has been in devising and implementing her revenueoptimization strategy? Suggest 2 recommendations going forward.
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