The period of a Hohmann transfer orbit is calculated using the formula T = 2π √(a^3/μ), where T is the period, a is the semi-major axis, and μ is the standard gravitational parameter of the central body. The semi-major axis for a Hohmann transfer can be determined by averaging the radii of the initial and final circular orbits, expressed as a2 = (r1 + r2)/2. This calculation assumes a perfectly circular and unperturbed orbit, meaning that real-world factors like atmospheric drag and gravitational influences may alter the actual period. Eccentricity does not affect the period, which solely depends on the semi-major axis. Thus, while the formula provides a useful approximation, adjustments may be necessary for precise calculations.