Hotel AssetVUE
May 2026 · Performance Report
May outperformed budget across the board, and the profit quality behind it is real, not accounting noise.
Ask management what changed in Rooms cost discipline this month and whether that same discipline is built into the summer forecast.
TRevPAR
$271.14
+15.0% vs budget
PQS · Profit Quality
92Strong
EBITDA / Key
$2,003
+57.1% vs budget
01Revenue
Revenue ran well ahead of plan, led decisively by Rooms.
Ask management whether the Rooms revenue strength is rate-driven or occupancy-driven, and which is expected to hold through summer.
TRevPAR Composition
RevPAR $159.35
F&BPAR $84.04
Ancillary $27.74
RevPAR
F&BPAR
Ancillary
TRevPAR $271.14
Revenue vs Budget · by Department
Roomsmaterial
+$237,084
Misc Incomematerial
+$117,104
F&Bmaterial
+$18,298
OODbelow gate
+$11,923
02Profit Quality
Operations converted revenue growth into GOP at nearly double the budgeted rate.
Ask management what drove the Rooms conversion gain this month and whether that discipline is built into the summer forecast.

PQS measures how much of each incremental revenue dollar management converted into GOP, compared to what ownership budgeted. 50 is on target. This month operations converted at well above the budgeted rate.

92
050 · on target100
Conversion actual
71.5%
Conversion budgeted
29.9%
Spread
+41.6 pts
Score Reference
Strong
70–100
Costs well controlled
Stable
55–69
Ahead of plan
Neutral
45–54
On target
Watch
30–44
Costs creeping up
Concern
0–29
Investigate now
Focus: RoomsLevel 3 · Payroll vs. Other
Profit variance of $220,434 cleared the materiality gate ($15K and 100bps).
+$220,434
Payroll vs. Other Expenses

Did cost scale efficiently against the occupied-room volume this month actually had to serve?
100 = scaled exactly as expected once volume is accounted for.

RoomsOccupied rooms +312 vs bud
Payroll102
$4,561 over the flexed budget
Other Expenses99
$1,947 under the flexed budget
Undistributed Operating ExpensesTotal Revenue +15.0% vs bud

Did each category scale efficiently against the revenue this month actually produced?
100 = scaled exactly as expected once revenue growth is accounted for.

Sales & Marketing96
$27,574 over budget in dollars — but revenue grew even faster, so it actually took a smaller share of revenue than planned
Operations & Maintenance112
$23,236 over budget, and it outpaced revenue growth too
03Owner Conversion
Fixed costs mostly held below budget, though reserves ran heavy enough to be worth a question.
Ask management why replacement reserve funding came in over plan this month and whether that reflects a timing shift or a revised capital schedule.
GOP to EBITDA/Key Bridge
GOP$1,042,003+35.9% vs budMgmt Fees$118,223+8.7% vs budRent$896-10.4% vs budProp. Tax$77,201-2.9% vs budInsurance$24,670-10.2% vs budReserves$117,927+14.9% vs budEBITDA/Key$703,086+57.1% vs bud$2,003 / key
Conversion actual
67.5%
Conversion budgeted
58.4%