Question

Which RevPAR is better for a hotel owner and/or a hotel manager: the one inMarch or the one in April? Is there a meaningful difference?2. Take the March hotel data (rate, occupancy, variable cost per room) and cal-culate it: what occupancy would be required in April with the new increasedADR to generate identical net room revenue?3. Take the April hotel data (rate, occupancy, variable cost per room) and cal-culate it: what occupancy would be required to generate identical net roomrevenue with the lower ADR of March?4. What did Lance lear after he developed the first and second performanceincentives for Barbara?​

a) March
b) April
c) No meaningful difference
d) Both a and b

Answer 1

The better RevPAR would depend on whether March or April has a higher value. The meaningful difference would depend on the specific numbers and circumstances of the hotel. Calculating the required occupancy would require specific data for March and April. Without further information, we cannot provide an answer to what Lance learned from developing the incentives for Barbara.

Step-by-step explanation:

Which RevPAR is better for a hotel owner and/or a hotel manager: the one in March or the one in April?

The RevPAR (Revenue Per Available Room) is a key metric used in the hotel industry to measure the financial performance of a hotel. It is calculated by multiplying the average daily rate (ADR) by the occupancy rate. The higher the RevPAR, the better the financial performance.

To determine which RevPAR is better, we would need to compare the RevPAR for the hotel in March and April. If the RevPAR in March is higher than the RevPAR in April, it would be better for the hotel owner and/or manager. If the RevPAR in April is higher, then it would be the better month.