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

answer; /// i believe the correct answer is (market share); good luck

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