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Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. In this article, we explore what ARI is and how to use it to improve revenue performance. What is the average rate index (ARI)? How is ARI calculated?
To reach such heights in terms of profit or revenue generation one needs to have immense knowledge of the hospitality industry and its marketplace. (As This is why every hotel owner puts a lot into serving its guests but only a few get an impressive revenue collection. Table of Content Why Is It Important to Set Pricing Strategies?
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. Revenue hotel metrics Revenue is what keeps your hotel open so having a goal aligned with your income is obviously important.
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