swirt
Forum founder. Former Owner.
- Joined
- May 17, 2008
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I mentioned earlier this summer that we had put a no one-night stay policy in effect. I said I'd give the financial breakdown of that decision when the summer had run its course. So here are the numbers. Keep in mind, I am by no means recommending this to everyone. I'm just describing the financial ramifications for us.
Background: SInce DW is a teacher we are only open midweek for the months of July and August each year. All other times we are only open on weekends and always had a 2 night minimum for weekends for our three guest rooms. So these numbers only represent the months of July and August for 2007 (1-nighters allowed) and 2008 (no one nighters allowed)
[tr]
[td] [/td]
[td]2007 (1-nighters permitted)[/td]
[td]2008 (NO 1-nighters)[/td]
[/tr]
[tr]
[td]Total Number of room nights for JULY and AUG
(not including our vacation time or days blocked off)[/td]
[td]117 roomnights[/td]
[td]102 roomnights[/td]
[/tr]
[tr]
[td]Unfilled single night openings[/td]
[td]4 roomnights -> 3.4%[/td]
[td]13 roomnights -> 13%[/td]
[/tr]
[tr]
[td]Filled single night openings[/td]
[td]13 roomnights -> 11%[/td]
[td] [/td]
[/tr]
[tr]
[td] Total single night openings[/td]
[td] 17 roomnights -> 14.5%[/td]
[td] 13 roomnights -> 13%[/td]
[/tr]
[tr]
[td] Lost income from unfilled nights (gross)[/td]
[td] $640[/td]
[td] $2080[/td]
[/tr]
[tr]
[td] Difference between lost income 2007 and 2008[/td]
[td] [/td]
[td]$1440[/td]
[/tr]
[tr]
[td] What was really lost (net) [taking into account opperating costs for the nights $360 and taxes ~$360][/td]
[td] [/td]
[td]~$720 actually lost[/td]
[/tr]
[/table]
So there was a bit of decline in the number of single night openings because there was no option for them (14.5% down to 13%), but the difference (1.5%) is pretty small. By the time I figure in all the stuff that results in the bottom line...the cost for us of going to no-one nighters for July and August was $720 but it kept us from having to potentially flip 13 rooms. For me and DW it was absolutely worth it
Your mileage may vary.
Background: SInce DW is a teacher we are only open midweek for the months of July and August each year. All other times we are only open on weekends and always had a 2 night minimum for weekends for our three guest rooms. So these numbers only represent the months of July and August for 2007 (1-nighters allowed) and 2008 (no one nighters allowed)
[tr]
[td] [/td]
[td]2007 (1-nighters permitted)[/td]
[td]2008 (NO 1-nighters)[/td]
[/tr]
[tr]
[td]Total Number of room nights for JULY and AUG
(not including our vacation time or days blocked off)[/td]
[td]117 roomnights[/td]
[td]102 roomnights[/td]
[/tr]
[tr]
[td]Unfilled single night openings[/td]
[td]4 roomnights -> 3.4%[/td]
[td]13 roomnights -> 13%[/td]
[/tr]
[tr]
[td]Filled single night openings[/td]
[td]13 roomnights -> 11%[/td]
[td] [/td]
[/tr]
[tr]
[td] Total single night openings[/td]
[td] 17 roomnights -> 14.5%[/td]
[td] 13 roomnights -> 13%[/td]
[/tr]
[tr]
[td] Lost income from unfilled nights (gross)[/td]
[td] $640[/td]
[td] $2080[/td]
[/tr]
[tr]
[td] Difference between lost income 2007 and 2008[/td]
[td] [/td]
[td]$1440[/td]
[/tr]
[tr]
[td] What was really lost (net) [taking into account opperating costs for the nights $360 and taxes ~$360][/td]
[td] [/td]
[td]~$720 actually lost[/td]
[/tr]
[/table]
So there was a bit of decline in the number of single night openings because there was no option for them (14.5% down to 13%), but the difference (1.5%) is pretty small. By the time I figure in all the stuff that results in the bottom line...the cost for us of going to no-one nighters for July and August was $720 but it kept us from having to potentially flip 13 rooms. For me and DW it was absolutely worth it
Your mileage may vary.