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. Hotel operations are incredibly varied, with many moving parts that interact with and support one another.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

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. Ensure you have accurate data sources and tools.

KPI 52

KPI Revenue Occupancy Hotels 52

Hotel Management

MAY 10, 2023

Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”. The operators returned for Part 2 of their outlook assessment with JLL’s Xander Nijnens stepping in for his CEO to moderate the panel.

Marketing 130

Marketing Market Branding Events 130

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. 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. But what are they all about? Index numbers in an STR report. What has changed since last month?

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotelogix

JANUARY 29, 2025

With 56% of hoteliers worldwide prioritizing smarter tech investments (2024 Lodging Technology Survey), the focus isn’t just on cutting costs but revolutionizing guest experiences and streamlining operations. Occupancy sensors : Save energy and plan housekeeping better. Ready to future-proof your property? Let’s dive in!

Management 58

Management Hospitality Hotels Services 58

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

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. Redesigned with dynamic operational dashboards and on-line help, the solution makes it easier for teams to analyze key reporting and data points, labor output metrics, and guest amenity requests.

Shopping 52

Shopping Services Marketing Market 52

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

Xotels

SEPTEMBER 13, 2024

Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy. By partnering with an experienced revenue management company , hotels can: Reduce Costs: Identify areas for cost optimisation and implement strategies to increase operational efficiency.

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. By partnering with an experienced revenue management company , hotels can: Reduce Costs: Identify areas for cost optimisation and implement strategies to increase operational efficiency.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Cloudbeds

FEBRUARY 16, 2024

With CRM, hotels can gather and store guest data to ultimately save time, streamline operations , and build customer loyalty. ALICE by Actabl ALICE is an all-in-one operations platform designed to streamline hotel operations, improve productivity, and enhance guest satisfaction. What is a hotel CRM?

Sales 52

Sales Upsell Hotels Marketing 52

SiteMinder

OCTOBER 5, 2023

This could suggest that the conference rooms need additional marketing budget, operational changes, or other adjustments to make better use of the space. Meanwhile, the conference room is generating the lowest amount of revenue per square metre and is thus the least efficient space.

Revenue Management 59

Revenue Management Revenue Hotels Events 59

Xotels

APRIL 3, 2024

As time progressed, numerous other industries embraced the revenue management approach, integrating it as a foundational strategy for their business operations. 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.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52