The formula to calculate the Hotel Cost (HC) is:
\[ HC = \frac{R - P}{NR} \]
Where:
Let's say the total hotel revenue (R) is $50,000, the total hotel profit (P) is $20,000, and the number of rooms sold (NR) is 100. Using the formula:
\[ HC = \frac{50,000 - 20,000}{100} = 300 \]
So, the hotel cost (HC) is $300 per room.
Definition: Calculates the cost per person for a hotel stay.
Formula: \( \text{Cost per Person} = \frac{\text{Total Cost}}{\text{Number of People}} \)
Example: \( \text{Cost per Person} = \frac{500}{4} \)
Definition: Calculates the cost of a hotel room based on various factors.
Formula: \( \text{Room Cost} = \frac{\text{Fixed Costs} + \text{Variable Costs}}{\text{Number of Rooms}} \)
Example: \( \text{Room Cost} = \frac{10000 + 5000}{50} \)
Definition: Estimates the construction cost of a hotel.
Formula: \( \text{Construction Cost} = \text{Cost per Square Foot} \times \text{Total Square Feet} \)
Example: \( \text{Construction Cost} = 200 \times 10000 \)
Definition: Estimates the tax on a hotel stay.
Formula: \( \text{Tax} = \text{Room Rate} \times \text{Tax Rate} \)
Example: \( \text{Tax} = 150 \times 0.10 \)
Definition: Calculates the average room rate for a hotel.
Formula: \( \text{Average Room Rate} = \frac{\text{Total Revenue}}{\text{Number of Rooms Sold}} \)
Example: \( \text{Average Room Rate} = \frac{5000}{50} \)
