The average ADR of the full-service hotels was $203.28, which was two Note: US dollar; Total revenue includes room revenue, F&B revenue, and other revenue; F&B cost includes cost of goods sold and other miscellaneous expenses; ADR means average daily rate; RevPAR means revenue per available room; PAR means per available room; GOP (Gross operating profit)=Total revenue - Totaloperating expenses; Difference is the result from t-test with unequal variances; bracket shows t-value; *significant at 10%; **significant at 5%; ***significant at 1%.