Remove Average Length of Stay Remove Market Share Remove Revenue
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CoStar Group Launches STR Benchmarking

Hotelier Magazine

WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational market share product for the global hotel industry. Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy.

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Top 7 KPIs every hotelier must track

Hotelogix

The ADR is the average rate at which each room at the hotel was sold on a given day. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold. This MPI metric can serve as a perfect way or assistance to map your hotel’s market share within comparison with your competitors.

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The role of data analytics in optimizing hotel operations

Cloudbeds

From understanding top-performing channels to finding new revenue opportunities to enhance the guest experience, data analytics touches every department. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management KPIs.