Average Daily Rate

Sep.

17

2008

Using FRx for Hotel Financials

by Jan Harrigan CPA

I’ve designed FRx financials for a few hotels over the years—a couple quite recently.

Thought I’d take this opportunity to post on some items specific to hotels like ADR and RevPAR, but many of the concepts will be valid for anyone using FRx.

A good number of these definitions come from the Uniform System of Accounts For The Lodging Industry, the 10th Revised Edition.

I’ve divided this post into 3 sections:

  • Statement of Income for a Hotel
  • Hotel Operating Statements
  • Hotel Operating Ratios: Average Daily Rate and RevPAR  [click to continue…]

{ 5 comments }