This report shows how much money was earned by the hostel on a day by day basis regardless of when the money was paid to the hostel. Unlike the "Income Report by Category" which details money as it's received, this report reports income as it's earned. For example, if a guest pays today for a bednight tomorrow night, this money is not earned until the hostel performs the service of providing the bed to the guest tomorrow. This report is an "Asset Utilization Report" that gives a better representation of how well the hostel is utilizing it's assets (i.e real estate, furniture and fixtures) for any particular date range.
To generate a report simply select the date range for the report. If you would like to restrict the report to specific categories, select the desired categories in the "Filter Report Input" box. If you would like to compare the report to the same dates last year, click the "Compare to Last Year" checkbox. Then click the blue ‘Generate Report’ button. The results of the report will be displayed at the bottom of the page. These results can be printed using the ‘Print Report’ button and can also be filtered using the filter tool.
How Ancillary Income is calculated for this report:
Unlike bednight income which is only reported on this report on the date it was earned (see summary above), income from other products and services is calculated on the date when the sale was made. In some cases, you may want to restrict the report to only Bednight income. However, in some hostels Food and Beverage sales can produce more income for the hostel than bednights. When ancillary for products and services are included in the report, HostelSnap will average this income across all guests who stayed that night. For example, if you sold 5 bednights at $20 per bed on December 31 for a stay on January 1 one guest purchased $50 worth of beer for all 5 guests on January 1, your total income for January 1 would be shown as $150. In other words, the fact that you had 5 beds available to be sold on January 1 and the fact you had beer available to be sold, provided you with $150 of income for this date.
Revenue Per Occupied Bed (RevPOB):
This calculation will tell you how much income you made for each occupied bed. For example, if you sold 5 out of 10 available beds at $20 per bed on December 31 for a guests who will stay on January 1 then your RevPOB is $20. If you include the $50 worth of beer that one guest purchased for the other guests, then your RevPOB would be $30.
Revenue Per Available Bed (RevPAB):
This calculation will tell you how much income you made for each available bed you had in your hostel that night. For example, if you sold 5 out of 10 available beds at $20 per bed on December 31 for a guests who will stay on January 1 then your RevPAB is $10. ($100 / 10 available beds). If you include the $50 worth of beer that one guest purchased for the other guests, then your RevPAB would be $15. ($150 / 10 available beds).
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