HM 441 Formulas 16 Questions with Answers 2023,100% CORRECT
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HM 441 Formulas 16 Questions with Answers 2023 ADR - CORRECT ANSWER Room revenue/number of room nights sold Room Revenue - CORRECT ANSWER room nights sold x net room rate Occupancy Percenta ... ge - CORRECT ANSWER rooms sold/total rooms available RevPAR - CORRECT ANSWER ADR x Occupancy Rate or net room revenue/total rooms available Contribution Margin - CORRECT ANSWER net room rate - variable costs NCREMENTAL COST - CORRECT ANSWER = . TOTAL VARIABLE COSTS . 100% - (COSTS THAT ARE A PERCENTAGE) New occ % = Current contribution margin × Current Occ. % × 100 Occ. % New contribution margin - CORRECT ANSWER Current contribution margin/new CM × Current Occ. % × 100 Occ. % Marginal Revenue - CORRECT ANSWER the additional income from selling one more unit of a good; sometimes equal to price marginal cost - CORRECT ANSWER the cost of producing one more unit of a good GOPPAR (gross operating profit per available room) - CORRECT ANSWER gross operating profit for a period/available rooms during that period Total Revenue Per Available Room (TRevPAR) - CORRECT ANSWER (Room + F&B + Other Revenue)/total available rooms capacity market share - CORRECT ANSWER individual property available rooms/total market available rooms room nights share - CORRECT ANSWER individual property rooms sold/total market available room nights sold Rate achievement factor - CORRECT ANSWER adr/rack rate x 100 RevPASH (revenue per available seat hour) - CORRECT ANSWER Revenue / (Total seats * Opening hours) or average check x occupancy throughput rate - CORRECT ANSWER 1/throughput time x 60 min [Show More]
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HM 441 Exam & Study Guide (4 sets) Questions with Verified Answers,100% CORRECT
HM 441 Exam #1|65 Questions with Answer 2023,HM 441 Practice 44 Questions with Answers 2023,HM 441 Formulas 16 Questions with Answers 2023 & HM 441 Study Guide 91 Questions with Answers 2023
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