HMB Ritz had a good first quarter
Occupancy rates and revenue per room at the Half Moon Bay Ritz-Carlton are up in the first quarter of 2006, compared to the same period in 2005, according to a quarterly report by Strategic Hotels & Resorts, which owns the hotel.
| 1q 2006 | 1q 2005 | |
| Total revenues | $11,393 | $9,648 |
| Property EBITDA | $1,413 | $489 |
| Selected Operating Information: | ||
| Rooms | 261 | 261 |
| Average occupancy | 65.3% | 58.4% |
| Average Daily Rate | $295.83 | $277.65 |
| Revenue per available room | $193.15 | $162.04 |
| Total revenue per available room | $485.01 | $410.73 |
Definitions:
- EBITDA: Earnings Before Interest, Taxes, Depreciation and Amortization
- Average Daily Rate (ADR): Room revenue divided by rooms sold
- Revenue per available room (RevPAR): Room revenue divided by total rooms
- Total revenue per available room (RevPAR): Total revenue divided by total rooms
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