Correction to: Journal of Revenue and Pricing Management https://doi.org/10.1057/s41272-023-00446-6

In the original version of this article, full stop has been included after the $80.00 in example 2 as this is inconsistent with other examples in the article that do not have a full stop at the end of the example.

The correct example 2 should have read:

Example 2: using the same data as Example 1 with the proposed RevPASH formula

$$ \begin{aligned} {\text{Restaurant Capacity}}&:{ 5}0{\text{ seats}} \\ \;\quad {\text{Service Hours }}&:{\text{ 3 h}} \\ \;\quad {\text{Total Revenue}}&: \, \$ {12},00 \\ \end{aligned} $$
$$ \begin{aligned} {\textbf{RevPASH}} & = \, \left( {\$ {12},000/{\text{3 h}}} \right)/{\textbf{50 seats}} \\ & = \left( {\$ {4}000} \right)/{5}0{\text{ seats }} = \$ \textbf{80.00} \\ \end{aligned} $$

The original article has been corrected.