How you calculate revpar premium?

RevPAR premium is calculated by comparing the RevPAR (Revenue per Available Room) of a specific hotel or group of hotels to that of a competitive set or market average. The formula is: RevPAR Premium = (Hotel RevPAR - Competitive Set RevPAR) / Competitive Set RevPAR. This metric helps assess a hotel's performance relative to its competitors, indicating how much more or less revenue it generates per available room. A positive RevPAR premium indicates better performance, while a negative value suggests underperformance.