In the world of hotel management, knowing your ABCs is less about alphabet basics and more about mastering key metrics like RevPAR. You’ve likely encountered this term, but understanding how to calculate Revenue Per Available Room might still seem like a challenging task. By learning the simple math behind RevPAR, you’re not just decoding numbers; …
Calculating your hotel’s occupancy rate is like piecing together a complex puzzle, revealing the bigger picture of your business’s health and efficiency. You’ll begin by dividing the number of occupied rooms by the total number of available rooms, then multiplying by 100 to get your percentage. But, there’s more nuance to it than just crunching …
So you’ve gone ahead and booked the penthouse suite at the Ritz, but suddenly, your dog has developed a penchant for gourmet food and the bills are piling up. Can you cancel your hotel reservation? Or are you destined to be haunted by room service charges for the rest of your life? Let’s navigate the …