Question

What is a 405-room hotel’s GOPAR if it recorded rooms revenue of $61,469 on a per...

What is a 405-room hotel’s GOPAR if it recorded rooms revenue of $61,469 on a per available room basis; its GOP represented 32.1% of total revenue and its percentage of rooms revenue to total revenue is 68.2%.

Math   Advanced-Math   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

SOLUTION:

Given That A 405-room hotel’s GOPAR if it recorded rooms revenue of $61,469 on a per available room basis; its GOP represented 32.1% of total revenue and its percentage of rooms revenue to total revenue is 68.2%.

So

Room Revenue in Total = $61,469  X 405 rooms

=$24,894,945

  The room revenue is 71.4% of the total revenue

$24,894,945*100/68.2

Hence, Total Revenue =$36,502,851.91

GOP is 32.1% of Total Revenue=$36,502,851.91*32.1/100

=$11,717,415.46

GOPAR is Gross Average Profit (GOP) per Available Room (AR)

Therefore, GOPAR when calculated works out to=$29,083.6642

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
1. A resort recorded total revenue per guest of $178.74, TREVPAR of $92,439 and its occupancy...
1. A resort recorded total revenue per guest of $178.74, TREVPAR of $92,439 and its occupancy % is 79.3%. With a hotel size of 369 rooms, what is its multiple occupancy percentage? 2. A 267-room hotel achieved an average room rate of $141.12 and an occupancy of 68.03%. What is its RevPAR? 3. If a 397-room resort generated a TREVPAR of $131,032, an occupancy percentage of 79.6% and its dollars per guest day is $253.20, what is its multiple occupancy...
A 334-room hotel recorded room revenue of $42,440 per available room. What is the hotel’s ADR...
A 334-room hotel recorded room revenue of $42,440 per available room. What is the hotel’s ADR if its occupancy percentage is 74.2%? What is a 261-room hotel’s occupancy percentage, if the property experienced an ADR of $96.54? The hotel’s rooms revenue totaled $21,981 per available room. What is the REVPAR for a 232-room suburban hotel that recorded an occupancy % of 67.2% and an ADR of $124.63?
1. What is the RevPAR of a 248-room hotel that achieved an average room rate of...
1. What is the RevPAR of a 248-room hotel that achieved an average room rate of $134.52? The hotel recorded occupancy of 66.05%. 2.A chain-affiliated hotel with 313 rooms recorded rooms revenue of $51,140 per available room. What is the hotel’s average daily rate, if the property’s percentage of rooms revenue to total revenue is 62.9% and occupancy percentage is 67.8%? 3.What is the GOPAR on an annual basis for a 262-room hotel that achieved an occupancy % of 68.1%...
Compute the variance analysis for a metropolitan hotel’s rooms revenue and indicate the reasons for the...
Compute the variance analysis for a metropolitan hotel’s rooms revenue and indicate the reasons for the gain or loss in revenue compared to budget. The hotel’s budgeted rooms revenue is $13,175,251 based on total occupied rooms of 88,788 and an average room rate of $148.39. The property’s actual rooms revenue totaled $12,787,792 with occupied rooms totaling 93,945 with an average room rate of $136.12. Enter your answers below. Round answers to two decimal points. Be sure to include a minus...
A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4%...
A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008? Year 2009: Total revenue (round to a whole number) $___ Year 2009:Dept. costs (round...
1. A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was...
1. A 192-room hotel in year 2008 recorded total revenues of $7,537,000 and its GOP was 31.4% of total revenue. Its department costs were 43.9% and undistributed operating expenses were 24.7% of total revenue. What is the new GOP percentage for year 2009 if the hotel's total revenue increased 5.8%, the departmental cost percentage increased 3.2% and undistributed operating expenses increased an additional $49,600 from year 2008? Year 2009 Total revenue (round to a whole number) $___ 2. Please use...
1. A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98....
1. A 335-room hotel property recorded in 2004 a 66.6% occupancy and an ADR of $117.98. What is the property’s franchise fee (1) on a per available room basis and (2) as a percentage of rooms revenue if the agreement required the hotel to pay a reservation fee of $7.65 per available room per month; a royalty fee of 5% of rooms revenue; an advertising fee of 2.3% of rooms revenue; and a frequent traveler program fee of $5.00 per...
What is a 250-room hotel’s actual market share if it has an average daily rate of...
What is a 250-room hotel’s actual market share if it has an average daily rate of $97.50 and a REVPAR of $72.25? It operates in the market place with a competitive set of four hotels providing a total of 1,325 rooms daily (excluding the subject hotel). The competitive set achieved an overall occupancy rate of 82.3%.
A 400 room hotel can rent every one of its rooms at $70 per room. For...
A 400 room hotel can rent every one of its rooms at $70 per room. For each $1 increase in rent, 5 fewer rooms are rented. Each rented room costs the hotel $10 to service per day. How much should the hotel charge for each room to maximize its daily profit? What is the maximum daily profit?
A 400​-room hotel can rent every one of its rooms at $100 per room. For each​...
A 400​-room hotel can rent every one of its rooms at $100 per room. For each​ $2 increase in​ rent, 4 fewer rooms are rented. Each rented room costs the hotel​ $12 to service per day. How much should the hotel charge for each room to maximize its daily​ profit? What is the maximum daily​ profit?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT