Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. While questions like “What are the top trends in revenue management for 2024?”

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Refine

SEPTEMBER 23, 2024

In most organizations commercial analytics are the domain of sales, marketing and particularly revenue management. Data-driven decision-making is essential for the success of your business. Financial data is leveraged by Accounting and Finance teams focusing on costs, profitability and overall financial health.

Revenue Management 98

Revenue Management Revenue Sales Business 98

Refine

MARCH 24, 2024

Pick-up analytics are essential for hotels to forecast demand, optimize pricing strategies, manage inventory, marketing, and improve revenue management. In this article, we will dive into the world of Pick-up Analytics. You will learn what Pick-up Analytics is and how to use it to help your hotel optimize performance.

Forecasting 98

Forecasting Revenue Management Revenue Hotels 98

Hotelogix

OCTOBER 17, 2024

By monitoring the right KPIs for hotel staff and operations, you can identify strengths, uncover areas for improvement, and ultimately boost your hotel's success. What is KPI in the hotel industry?   Why is Tracking Hotel Business KPIs Essential? It’s an essential metric for evaluating overall performance.

Average Daily Rate 52

Average Daily Rate KPI Occupancy Revenue 52

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

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

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. There are many metrics that support revenue KPIs.

KPI 52

KPI Revenue Occupancy Hotels 52

Experience Hotel

JULY 20, 2022

Dailypoint collecte des données de toutes les sources pertinentes telles que PMS, POS, site Web, newsletter ou Wi-Fi et crée un profil d’invité central et consolidé.

KPI 52

KPI Email Marketing Marketing Market 52

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

SiteMinder

OCTOBER 9, 2023

Improving hotel KPIs Hotel KPIs help you evaluate whether your strategy is working and also give your whole team something to focus on and drive towards on a day-to-day basis.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

OCTOBER 10, 2022

Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. The index is calculated by dividing your KPI values by the average KPI values of your compset, then multiplying by 100.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotelogix

JANUARY 29, 2025

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. We're making sure each kilowatt has a job!

Management 58

Management Hospitality Hotels Services 58

SiteMinder

DECEMBER 7, 2023

That said, there are some best practices that can help you along your own unique rate management journey. What is the hotel industry standard for measuring the effective management of room rates? There’s no single KPI that perfectly describes how effective your rate management is.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Travel Media Group

MARCH 22, 2023

My head of revenue management here, he also was a 20 year, 20 plus year Hyatt employee and he said, you know, I was afraid when I left Hyatt that I’d never find that culture again and I found it here at Atrium and he couldn’t be more right. Rob Mangiarelli : It’s a great question. Ryan Embree: Absolutely.

Hospitality 98

Hospitality Services Business Digital Marketing 98