MANAGEMENT

Detailed explanation-1: -To calculate RevPASH for your restaurant, use the following formula: RevPASH = Sales per Hour / Number of Seats by the Hours. To get the Number of Seats by the Hours for more than one hour, calculate: (Total Number of Seats x Number of Hours x Number of Day(s))

Detailed explanation-2: -To calculate RevPAR index (also called revenue generating index, or RGI), divide your RevPAR with your hotel grouping comparator, then multiply your result by 100. A result of more than 100 means that you’re outperforming the expected market share – anything less than 100 and your competitors are doing better than you.

Detailed explanation-3: -RevPAR is calculated by multiplying a hotel’s average daily room rate by its occupancy rate. RevPAR is also calculated by dividing total room revenue by the total number of rooms available in the period being measured.

Detailed explanation-4: -Demand forecasting is the analysis of information about past demand, as well as current and future events across all the customer segments. Based on this data, you can predict when the demand will increase or decrease, and develop the right pricing, marketing, and distribution strategy.