A hotel had a supply of 3,000 rooms in January and sold 2,500 rooms. The total revenue was $270,000 in January. In December, the supply was the same, total revenue was $300,000 and the demand was 2,900 rooms. The competition showed an ADR of $110, an occupancy percent of 90 and a RevPAR of $ 99 in January.
1. Calculate the percentage change for the hotel’s RevPar in January:
2. Calculate the index for the hotel’s RevPAR for January.