revpar index

GO PAR is the new and exciting measurement everyone is talking about in the hotel business. But let’s be honest. It is a bit of a stretch to comprehend. It is a little more complicated than REVPAR.

Be sure to check out the latest HospitalityMD interview with David Lund, the Hotel Financial Coach. Having a grasp on the financials for your hotel is paramount in being able to run your department or division properly. David gives actionable advice and provides some great resources to help anyone achieve the level of financial acumen needed to run a…

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At Hotel Financial Coach I help hotel leaders and teams with financial leadership coaching, webinars and workshops. Learning and applying the necessary financial leadership skills is the fast track to greater career success and increased personal prosperity. I significantly improve individual and team results with a proven return on investment.

When you are preparing your budgets, an incredibly valuable tool is what I refer to as the “citywide supply and demand analysis.” I didn’t come up with this, however, I am going to explain how it works, why it’s so important to complete it at least…

RevPAR and RevPAR index are different and I’m going to explain them both in this article.

Let’s start with RevPAR

It is the cornerstone of the hotel world and rightfully so. It is the product of occupancy and rate smashed together. The acronym stands for “revenue per available room.” In a simple example: If my…