Which of the following factors does NOT impact RevPAR?

RevPAR, or Revenue Per Available Room, is a key performance metric in the hospitality and real estate sectors, calculated by multiplying a hotel's average daily room rate (ADR) by its occupancy rate. The factors that directly influence RevPAR typically include pricing strategy, market fluctuations, and room selling strategy, all of which can affect occupancy rates and pricing dynamics.

The location of the property, while crucial for the overall success of a hotel or real estate investment, does not directly impact RevPAR calculation itself. Rather, location influences factors like demand, pricing potential, and market competition but is not a component of the RevPAR formula. Therefore, while the location can indirectly affect RevPAR through its influence on occupancy and pricing, it does not play a role in the actual calculation itself, making it the factor that does not impact RevPAR directly.

Understanding that RevPAR is more focused on current operational metrics rather than underlying situational factors like property location helps clarify why this choice is correct.