Remove Forecasting Remove Hospitality Remove Market Penetration
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Understanding ARI: A key metric in hotel management

Cloudbeds

The other two indicators are MPI (market penetration index) and RGI (revenue generated index). In order to make the best decisions, it’s important for hotels to measure and track all three indicators to have a full overview of their performance and market.

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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities. In today’s competitive hospitality industry, understanding and optimising these metrics is crucial.

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Hotel rate management: Best software to use

SiteMinder

Adaptability to market conditions : The hospitality market is fluid, influenced by various external factors like local events, economic shifts, and even weather patterns. It pays to obsess over long-range weather forecasts too. Overpriced rooms deter potential guests, while underpricing leads to revenue loss.