Peter is a revenue manager of a 300-room hotel. Over this past weekend (including both Saturday and Friday evenings) he sold 450 of his guestrooms with an average daily rate (ADR) of $300.00. What was his hotel's RevPAR for the past weekend?

Group of answer choices

Rev PAR = $200

Explanation:

Given:

Hotel room = 300

Guest room = 450

Average daily rate = $300

Rev PAR for the past weekend = ?

Computation:

Total rooms revenue = Hotel room * Average daily rate

Total rooms revenue = 300 * $300

Total rooms revenue = $90,000

Computation of Rev PAR for the past weekend:

Rev PAR = Total rooms revenue / Guest room

Rev PAR = $90,000 / 450

Rev PAR = $200