monthly and annual occupancy rate
2006-12-24 14:13:17 · 2 answers · asked by jpsuriba 1 in Business & Finance ➔ Other - Business & Finance
I could only find one software program that wasn't that expensive. I have used this before for my rental properties and it gets the job done. It also compares all the financials against the room rate.
As cited by the oher respondent, the formulas are correct but looking at all of the financials in relation to your question is also important.
2006-12-25 04:47:21 · answer #1 · answered by allyinminneapolis 4 · 0⤊ 0⤋
Daily = No. of guests/ No. of rooms (35/100= 35%)
Monthly = Average no. of guests/ no. days per month / No. rooms (350/30/100= 11.67%)
Annually = Average no. of guests/ no. days per year/ No. rooms (3500/365/100 = 9.59%)
2006-12-25 08:06:18 · answer #2 · answered by PALADIN 4 · 0⤊ 0⤋