STAAH

JULY 31, 2024

Increased Revenue : Use various discount types to increase immediate and long-term revenue by attracting different segments of guests. Higher Occupancy Rates : Encourage early reservations and fill vacant rooms with targeted discounts, ensuring optimal occupancy.

Market Penetration 113

Market Penetration Occupancy Revenue Scale 113

Cloudbeds

JULY 4, 2024

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. Calculate your property’s ADR, RevPAR, and occupancy rate.

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

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. For example, you might set out to achieve a revenue lift of 10% year-on-year.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

JUNE 2, 2022

Hotel revenue. Revenue is what keeps your hotel open so having a goal aligned with your income is obviously important. For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Calculate it by dividing your total revenue by occupied rooms.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

DECEMBER 7, 2023

Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This process requires continuous analysis of market trends, booking patterns, and competitor strategies. It’s not just about setting the right price, but also about adjusting it in response to market changes.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Hotelogix

OCTOBER 14, 2023

It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold. Revenue per Available Room or RevPAR RevPAR or Revenue per available room is another metric to measure the performance of the property in the hotel business which is very popular.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Hotelier Magazine

APRIL 4, 2024

CBRE’s Canadian Hotel Industry Outlook Report (Q3 2023) projects strong and stable occupancy and Revenue Per Available Room (RevPAR) growth for the Canadian hotel industry through to 2027. Occupancy is projected to remain at a profitable 66 to 68 per cent, with RevPAR growing to $140 by 2027. We’re listening to hotel comments.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40