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Author Question: What is the difference between ADR, REVPAR, and Total REVPAR? What will be an ideal response? (Read 131 times)

evelyn o bentley

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on: Sep 11, 2019

Question 1

What does concentration mean? Is the cruise industry concentrated?
 
  What will be an ideal response?

Question 2

What is the difference between ADR, REVPAR, and Total REVPAR?
 
  What will be an ideal response?


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cloudre37

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Reply #1 on: Sep 11, 2019

Answer 1

Concentration refers to the share of market sales (revenue) accounted for by the largest firms. Two companiesCarnival and Royal Caribbeanaccount for over 70 of industry revenue, making this a highly concentrated industry.

Answer 2

ADRaverage daily rate; REVPARroom revenue per available room; Total REVPARall hotel revenue including that from food and beverage, spa, exercise facilities, meeting rooms, etc., per available room.


evelyn o bentley

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Reply 2 on: Sep 11, 2019
Great answer, keep it coming :)

tranoy

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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