Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 91

Revenue Average Daily Rate Occupancy Digital Marketing 91

SiteMinder

OCTOBER 5, 2023

RevPAM is a key performance indicator hotels use within their revenue management. RevPAM means revenue per available metre. This means hoteliers can get even more granular with their revenue management strategies. The hotel industry never rests for long, particularly when it comes to revenue management.

Revenue Management 59

Revenue Management Revenue Hotels Events 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. Hotel revenue. Table of contents.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

OCTOBER 9, 2023

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. By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotel Business

JUNE 27, 2023

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. It starts by employing existing frameworks for maximizing room revenues and applying those same strategies to available parking spaces.

Revenue 59

Revenue Hotels KPI Revenue Management 59

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. Whether you manage a boutique inn or a luxury resort, these innovations will redefine hospitality. Let’s dive in!

Management 58

Management Hospitality Hotels Services 58

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. But what are they all about?

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Travel Media Group

MARCH 22, 2023

While we were hiring a chief technology officer, I worked in our global operations center where I really got to travel the world. And then I finished up my career leading our asset management function where I was responsible for all of the owned and joint venture properties that we had around the world. And we figured it out.

Hospitality 98

Hospitality Services Business Digital Marketing 98