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CHIA Formulas and Key Notes
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Occupancy
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Occupancy is calculated by dividing the Demand (number of rooms sold) by the Supply (number
of rooms available).
This is a percentage.
(Remember you divide
the smaller number by the
larger number)
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Terms in this set (58)
Occupancy
Occupancy is calculated by dividing the Demand (number of rooms sold) by the Supply (number
of rooms available).
This is a percentage.
(Remember you divide
the smaller number by the
larger number)
occupancy equation
Demand / Supply
or
Rooms sold / rooms available
Average Daily Rate (ADR)
dollar amount
revenue / demand
Revenue Per Available Room (RevPAR)
dollar amount
revenue / supply
percent changes
%
(This Year - Last Year) / Last Year * 100