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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

What are hotel metrics? Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment. Table of contents What should be included in hotel metrics? It offers insights into room demand and helps in forecasting.

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Survey: NYU, EY offer CFO insights

Hotel Business

Survey highlights include: Top-line performance: While consumers confront higher ADRs and even fewer amenities that now come at a price, there still seems to be a steadily growing pent-up demand for travel: Nearly half of hotel CFOs expect the key driver of RevPAR growth in 2023 to be a combination of ADR and occupancy. Group travel 3.

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Hotel KPIs: How should hotels be measuring success?

SiteMinder

Key performance indicators (KPIs) permeate every successful hotel; it’s crucial that you know at all times how you’re tracking towards any key goals and objectives you have outlined for your business over a certain period of time. In this blog we’ll look at a variety of the ways your hotel can measure success and why some KPIs are so vital.

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10 Tips When Buying a Hotel

MBA Hotels

Nationally, hotel performance is growing and the hotel transactions market is strong. According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. New construction also carries far greater risks than buying a performing hotel.

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

Hotel Operations

Jacob Messina, SVP of Technology & Innovation at MCR Hotels Artificial Intelligence (AI) is everywhere right now. We’re going to look at: This guide builds on my guide to hotel automation and is focused on hotel operators , though I hope other industry participants will find it useful as well.