Hotel Business

NOVEMBER 29, 2023

In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. “The index levels.

Market Penetration 64

Market Penetration Travel Forecasting Closing 64

Cloudbeds

JULY 4, 2024

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.

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

SiteMinder

OCTOBER 9, 2023

It offers insights into room demand and helps in forecasting. MPI – Market penetration index is a way to directly compare yourself with your competitors. This is calculated by: your occupancy rate / market occupancy rate x 100.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

DECEMBER 7, 2023

It pays to obsess over long-range weather forecasts too. Market penetration index (MPI), average rate index (ARI), and revenue generation index (RGI) : These are comparative metrics used to assess a hotel’s performance against its competitive set or the broader market.

Management 59

Management Average Daily Rate Occupancy Revenue 59