HotStats

SEPTEMBER 19, 2024

Looking at the first half of the year for a key KPI, Total GOP Margins across 2019, 2023, and 2024, South Asia and APAC show positive year-on-year growth, now well ahead of the 2019 benchmark. Over the past 24 months, it has been the rate that has driven India’s growth as occupancies achieved peak levels. How will India fare?

KPI 92

KPI Marketing Market Occupancy 92

SiteMinder

JUNE 2, 2022

Your KPI would be how many room nights you have sold at any point during May. Quick tips to develop your KPIs: Limit the amount of KPIs you have; keep it to big priorities. Clearly define how you will measure each KPI. Set a specific target for your KPI. Other hotel KPIs your property can utilise.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

OCTOBER 9, 2023

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.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

OCTOBER 10, 2022

For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. Once you have a better handle on the ins and outs of the report, you can dive deeper into the data to review your performance against KPIs including occupancy, ADR and RevPar.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

DECEMBER 7, 2023

This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance. Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy. Table of contents Why does hotel rate management matter?

Management 59

Management Average Daily Rate Occupancy Revenue 59

Hotel Management

MAY 10, 2023

The future trading outlook was predicted to encounter headwinds, but Pro Invest’s Shantha De Silva noted the industry enjoyed “a great start to 2023 with Q2 occupancies up 6% and rates up 8%” adding “Australia is getting used to higher hotel rates with leisure coming off and corporate coming back.” 69% of the problem is energy consumption.”

Marketing 130

Marketing Market Branding Events 130

Amadeus Hospitality

DECEMBER 20, 2022

Not only has traveler confidence returned, but this past spring, global hotel occupancy reached pre-pandemic levels for the first time since 2019. Air traffic data sets, social media advertising and detailed branding KPI analysis have contributed to these partners’ 2022 success stories.

Shopping 52

Shopping Services Marketing Market 52

Hotelogix

JANUARY 29, 2025

Real-time insights : Smart systems provide instant data on everything from occupancy rates to energy consumption, allowing for quick, informed decision-making. Occupancy sensors : Save energy and plan housekeeping better. Predictive analytics to optimize occupancy Booking pace analysis : Spot trends to adjust marketing and pricing.

Management 58

Management Hospitality Hotels Services 58

Travel Media Group

OCTOBER 23, 2024

And I think that’s really sort of industry standard where we get a metric or a KPI, we sit on that, we manage to that. And in some ways you sort of lose like what that KPI is for. So you’re sort of like almost the purpose for your improvement of a KPI is the KPI. Instead of for what the KPI was originally for.

KPI 52

KPI Digital Marketing Travel Market 52

Hotel Business

JUNE 27, 2023

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. This approach helps balance revenue generation with occupancy rates, ultimately driving profitability. What is RevPAS?

Revenue 59

Revenue Hotels KPI Revenue Management 59

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Ancillary Revenue: Beyond the Room & Rethinking Hotel Space Utilisation Your property has high occupancy, and your guests are happy and leaving good review scores, but you want to increase the overall revenue of your hotel or resort.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. Ancillary Revenue: Beyond the Room & Rethinking Hotel Space Utilisation Your property has high occupancy, and your guests are happy and leaving good review scores, but you want to increase the overall revenue of your hotel or resort.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

SiteMinder

OCTOBER 5, 2023

Others include: RevPAR GOPPAR TrevPAR RevPASH EBITDAR ADR LOS ALOS OCCUPANCY Measuring the impact of RevPAM The reason key performance metrics like RevPAM or RevPAR are so important is so that you can accurately track the impact of your revenue management decisions.

Revenue Management 59

Revenue Management Revenue Hotels Events 59

Cloudbeds

FEBRUARY 16, 2024

By integrating CRMs with other hotel software systems like a property management system (PMS) and point-of-sale system (POS) , hotel staff can easily access and track room occupancy, guest preferences, and purchase history, all in one centralized location.

Sales 52

Sales Upsell Hotels Marketing 52

Up Hotel

SEPTEMBER 7, 2021

Increase ROI Return on investment, or ROI, is usually a major feature in every hotel manager’s KPI checklist, and it can be easy to think that this is relevant to just paid advertising like Google Ads or Bing. You’ll want to find an agency that understands the hotel industry and the most relevant factors that can determine your success.

Digital Marketing 52

Digital Marketing Market Marketing OTA 52

Xotels

APRIL 3, 2024

Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time. OCC= Rooms Sold / Rooms Available ADR ( A verage D aily R ate), it is a KPI used to calculate the average price or rate for each hotel room sold for a specific day.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52