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1. an estimation is made for the number of guest rooms to be sold per year.
2. a tabulation is made for the cost of operation
3. an amount representing the estimated fair return on investment is added to the cost of operation
the average rate must to be charged is than calculated by following formula:
ESTIMATED OPERATING COSTS + RETURN ON INVESTMENT - INCOME FROM OTHER SOURCES DIVIDED BY NUMBER OF ROOMS TO BE SOLD.Mandeep Singh
Wiki User
∙ 14y ago
Wiki User
∙ 11y agoIt is an important strategy used for pricing food and beverage mainly for calculation of profit, operating expenses etc
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What is the Hubbart formula connection with the food and beverage?
Basically, the Hubbar Formula would give you an estimate as to what price you should charge, what Revenues you should earn and what your Average Check should be, given your costs and the desired profit.
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Henry Clyde Hubbart is an American author known for his work in the field of historical fiction. Some of his notable books include "The Brass Dolphin" and "The Iron Horse". Hubbart's writing often explores themes of adventure and intrigue set against historical backdrops.
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