TERMINOLOGY
This key performance metric is defined as Total Rooms Revenue / Total Number of Available Rooms
RevPAR
Between occupancy growth or ADR growth, this would be the more profitable option.
ADR
This represents the largest expense in Food & Beverage
Labor
This analysis benchmarks comp set hotels against each other by detailing the strengths, weaknesses, opportunities and threats of each property.
SWOT
This comprehensive document outlines the goals, objectives, and strategies of a business.
Business Plan
This key financial metric reflects the profitability of a business before considering indirect expenses such as interest, taxes, and other non-operating costs.
GOP
This key performance metric is used to measure the average cost incurred by a hotel for each room that is occupied.
CPOR
For 1SF, this segment represents 25% of our budgeted total F&B revenue and includes any events realized in our meeting spaces.
Banquets & Catering
Unlike static corporate rates, these corporate rates fluctuate as a % discount off BAR and allow us to yield better RevPAR over compressed periods.
Dynamic
This document outlines the hotel's plan for maintaining, replacing or upgrading its physical assets and infrastructure. The available reserves are based on a % of total revenue, as outlined in the HMA.
Capital Plan
This report is received on a weekly and monthly basis and shows our hotel's performance measured against the performance of our comp set.
STR
This key performance metric is calculated as Rooms Revenue minus labor costs and operating expenses and is used as an indicator of financial health in the Rooms division.
Rooms Profit
This revenue stream is highly desirable and crucial for driving profitability in Food & Beverage, as it flows to the bottom line without deductions for COGS or operating expenses.
Room Rental
This segment is budgeted to grow YoY following our acceptance into FHR and Virtuoso in April 2023
Consortia
This document is requested by Pebblebrook as a high level synopsis of the strategies outlined in our business plan, cost saving initiatives, and operational changes for the following year.
Budget Memo
An unexpected or irregular occurrence that deviates from the norm or the anticipated financial projections. Analyzing these irregularities helps organizations refine their budget process and improve accuracy in forecasting.
No show fees, Early departure fees, and Front Desk Upsells are budgeted in this line.
Other Rooms Revenue
This term refers to generating just enough revenue to cover all the associated costs and expenses, resulting in neither a profit nor a loss.
Break even
This term refers to business booked this year for the following year
Crossover
This is the date that all budget deliverables are due to ownership, including the full operating budget, business plan, capital budget, budget memo and several other supporting documents.
November 1st