HVS | RevPar - Adjusted Budgets: The Only Ones Worth Looking At (Part 1 of 3)

RevPar - Adjusted Budgets: The Only Ones Worth Looking At (Part 1 of 3)

May 31, 2011
By Miguel Rivera

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Summary

Operating budgets are planning tools that should not be used as benchmarks to measure management’s performance. Adjusting budgets for the market’s RevPAR performance makes them far more relevant. This article explains how to make these adjustments.

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RevPar - Adjusted Budgets: The Only Ones Worth Looking At (Part 1 of 3)

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