Position and direction, read together

One hypothetical hotel, two readings; no path between them is implied

Illustrative only
Position and direction, read together One hypothetical hotel shown as two points: RevPAR index 70 at takeover and 90 now, a rise of 20 points, joined by an arrow with no dates between them. Fair share is 100. The span from 90 to 100 is the remaining gap, which requires underwriting and is not assured. −20−100+10+20+30+4060708090100110120 Fair share (100): even with the chosen set Below share,improving At or above share,improving Below share,slipping At or above share,slipping Remaining gap: requiresunderwriting, not assured At takeover: 70 Now: 90up 20 points RevPAR index level (100 = fair share) Change in index since takeover, points

At 90, the hotel is 10% below its set; reaching 100 would take an 11.1% RevPAR increase if the set were unchanged. The gap is potential to be tested, not a forecast.

Illustrative only. A hypothetical hotel whose RevPAR index rose from 70 at takeover to 90, against an unchanged competitive set. Two readings are shown; no path between them is implied. Fair share (100) means matching that set's RevPAR, not an assured outcome. The shaded gap is potential to be tested, not a forecast.

RevPAR index at takeover and now, against a fair share of 100
PointRevPAR indexChange since takeover, points
At takeover700
Now90+20
Fair share100
Horwath HTL — Valuing a Hotel Management Company: Read the Hotels Behind the Fees 2026