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Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). But the evolution doesn’t stop there.
Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough marketresearch. So which main segments can different hotel types expect, you might ask?
Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough marketresearch. So which main segments can different hotel types expect, you might ask?
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