Rate Variance Report or RVR sample used in hotels
The Rate Variance Report, commonly known as RVR, is a crucial tool used by hotels to monitor and analyze their room rates. This report helps hotel managers to compare the actual room rates charged with the rates that were initially planned for a specific period.
The RVR is usually generated daily or weekly, depending on the hotel’s needs. It helps hoteliers identify any rate discrepancies and take corrective measures to control their room rates. The report also provides insights into the demand for the hotel’s rooms, allowing hotel managers to adjust their prices accordingly.
The RVR is essential in managing a hotel’s revenue and ensuring that the hotel remains profitable. By using this tool, hotel managers can make informed decisions and adjust their room rates based on market demand and competition. Furthermore, the RVR helps hoteliers forecast future room rates and optimize their revenue management strategies.
In conclusion, the Rate Variance Report is a critical tool used by hotels to manage their room rates effectively. It provides valuable insights into the hotel’s revenue and helps hotel managers to make informed decisions that ensure the hotel remains profitable.
The Rate Variance Report displays consolidated rate check statistics for guests in-house. The report can be generated for today’s checked-in arrivals, occupied rooms only, or for all rooms configured in the property.
The Night Auditor uses this report to check all the rates picked up on the reservation before he/ she runs the Night Audit / End Of Day function in the PMS for ( Automated hotels).
The Reports contain fields like Guest Name, Room number, Arrival Date, Departure Date, Rate On which the reservation was booked, Current Rate on the reservation, Variance / Difference between the rate booked and the current rate, Market segment is a type of customer (such as business travelers) with whom an operation does busine..., service segment, Billing instructions, Company / Travel Agent/ Group Name, etc.
Download sample reports: