Monthly STAR Report Homework Assignment PDF

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Professor: Reneta McCarthy
Notes for STAR Report practice exam questions for homework...

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Name ______________________________________ Use the Statler Hotel Monthly STAR Report for the month of August 2008 (on BlackBoard) to answer the following questions. 1. What was the Statler’s occupancy, ADR and RevPAR for August 2008? Occupancy:

ADR:

RevPAR:

2. What was the Statler’s occupancy index, ADR index and RevPAR index for August 2008? What do each of the indices tell you about how the Statler performed compared to its competitive set? Occ. Index: ADR Index: RevPAR Index: 3. What was the Statler’s occupancy in August 2007? (see Tab 4) Show how the August 2008 vs. August 2007 Percent Change of -6.7% was calculated for the Statler. August 2007 Occupancy:

Calculation:

August 2008 Occupancy:

4. For what period of time is the Statler’s RevPAR index the highest, Year to Date or for the Running 12 Months? Year to Date RevPAR Index: Running 12 Months RevPAR Index: 5. Look at the percent change in RevPAR between August 2008 vs. 2007 for the Running 12 Months. Putting this number into English, complete the sentence: The Statler’s RevPAR increased by ________ percent in 2008 over 2007. Is the Statler’s RevPAR occupancy driven or ADR driven? Explain how the hotel is performing compared to the comp set during the running 12 months. Use this format to discuss ADR and RevPAR: During the Running 12 Months the Statler’s occupancy has been up by 1% over the previous year while the comp sets occupancy has been down by 1.6%.

What can you conclude about Statler’s performance?

6. Is the ADR and occupancy for the Ithaca/Elmira tract higher or lower than the Statler’s ADR and occupancy for August 2008? What can you conclude from this? Ithaca/Elmira

Statler

ADR: Occ.:

7. What was Statler’s RevPAR year-to-date for 2006, 2007 and 2008? What can you conclude from this? (Look at Tab 4—Year to Date) 2006 Year to Date RevPAR: 2007 Year to Date RevPAR: 2008 Year to Date RevPAR:

8. How many other hotels are in the Statler Competitive Set?

9. Which hotels in the Statler’s competitive set do not share information with STR?

10. What three pieces of information does Statler need to submit to STR?

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