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Hubbart formula


Hubbart formula

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According to the source from hmhub.in, The Hubbart Formula is a formula that can be used in hotel management. It is used to determine the proper average rate to set for rooms in a given hotel. The Hubbart Formula is used to help with setting prices. It can be expressed as a formula: [ (Operating expenses + Desired return on investment) – other income]/projected room nights = room rate.

Sharing a hint from enotes.com, The Hubbart Formula is used to help with setting prices. It can be expressed as a formula: [ (Operating expenses + Desired return on investment) – other income]/projected room nights = room rate….

If you read from hmhub.in, Hubbart Formula is also known as the bottom-up approach to pricing rooms introduced by Roy Hubbart in 1940. This approach considers operating costs, desired profits and the expected number of rooms sold to determine the average rate per room. Hubbart Formula Allows the manager to price in things like non-operating expenses. Establishing Room Rates

It is inferred from scribd.com, the Hubbart formula attempts to address the issue of these varying rooms by making an assumption that larger rooms are more expensive to maintain. With that assumption, the Hubbart formula incorporates a square footage provision. This provision requires a measurement of the total square guest room area.

A post published in quora.com, The Hubbart Formula is a formula that can be used in hotel management. It is used to determine the proper average rate to set for rooms in a given hotel. It can be expressed as a formula: [ (Operating expenses + Desired return on investment) – other income]/projected room nights = room rate. Hubbart Formula – hmhub

It is learnt from a blog quora.com, The Hubbart Formula is a formula that can be used in hotel management. It is used to determine the proper average rate to set for rooms in a given hotel. It can be expressed as a formula: [ (Operating expenses + Desired return on investment) – other income]/projected room nights = room rate. Hubbart Formula – hmhub

I had gone through en.wikipedia.org, In 1956, Hubbert proposed that fossil fuel production in a given region over time would follow a roughly bell-shaped curve without giving a precise formula; he later used the Hubbert curve, the derivative of the logistic curve, for estimating future production using past observed discoveries.. Hubbert assumed that after fossil fuel reserves (oil reserves, coal reserves, and natural gas …

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