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What is revpar premium?

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What is revpar premium?
You're really looking to calculate RevPAR to compare different hotels or resorts. A RevPAR premium is the difference between a given type of hotel or resort with other types in the same region, or between hotels and resorts in different regions.

An example would be a higher RevPAR for hotels in Manhattan and a lower RevPAR for hotels in Brooklyn (to name two areas within New York City.) Hotels in Manhattan would be said to have a premium in RevPAR with respect to those in Brooklyn.

As for calculating RevPAR, from WikiAnswers:

Revenue Per Available Room (RevPAR) is a key performance metric in the hotel industry, which is calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate. Occupancy rate is the percentage of available room-nights occupied.

revpar = occupancy rate × average daily room rate

It may also be calculated by dividing a hotel's total guestroom revenue by the room count and the number of days in the period being measured.

Keep in mind that RevPAR only measures the performance of the core business of hotels, letting rooms, and does not take into account revenue from other hotel services, such as restaurants, spas, golf courses, marinas, casinos etc. Many hotels make much of their revenue from additional services.
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