Remove Closing Remove Net Operating Income Remove Occupancy
article thumbnail

Hotel metrics: How to measure performance in the hotel industry

SiteMinder

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It can be calculated by multiplying your average daily rate by your occupancy rate.

article thumbnail

10 Tips When Buying a Hotel

MBA Hotels

According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. More likely to close than deals made directly between seller and buyer.

article thumbnail

AI for Hotels: A Guide to Artificial Intelligence for Hospitality Leaders

Hotel Operations

Hoteliers today are seeing a direct impact of revenue management systems on optimizing price and increasing Net Operating Income and the total incremental value created for hotel assets,” shared Mike Chuma, VP of Marketing, Engagement & Enablement at IDeaS. Forecasting demand is an example. “We’re