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RevPAS, or revenue per available space, is a key performance indicator (KPI) used at Towne Park to measure the effectiveness of a hotel’s parking revenue strategy. Conduct marketresearch to understand local trends and assess whether other hotels in your competitive set charge for parking. What is RevPAS?
Is Hotel Business Profitable in 2022 There are plenty of reasons why many people would want to start a hotel business, for example, the lucrativeness of the hospitality industry. The easiest way to find out is to conduct marketresearch on the industry. But is starting a hotel really viable and worthwhile?
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