STAAH

JULY 31, 2024

Higher Occupancy Rates : Encourage early reservations and fill vacant rooms with targeted discounts, ensuring optimal occupancy. Mobile Market Penetration : Capture the growing market of mobile bookers by offering exclusive Device-Specific Discounts. 6) Regional Discounts Expand your reach with Regional Discounts.

Market Penetration 115

Market Penetration Occupancy Revenue Scale 115

Cloudbeds

JULY 4, 2024

This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. The other two indicators are MPI (market penetration index) and RGI (revenue generated index).

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. It can be calculated by multiplying your average daily rate by your occupancy rate.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

DECEMBER 7, 2023

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. Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Hotelogix

OCTOBER 14, 2023

Hotel KPI or Hotel Key Performance Indicator is the value that can be measured and which lets you set a standard to measure the success rate of your hotel business as to how is it faring in the market. These KPIs range from the daily operations to financial performance to sales and marketing and customer service.

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.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

SiteMinder

JUNE 2, 2022

It can be calculated by multiplying your average daily rate by your occupancy rate. The emphasis on certain metrics fluctuates with what’s happening in the market at a given time. Improving your brand recognition and reputation is a big KPI to focus on because it will heavily influence your sales and marketing activities.

KPI 52

KPI Revenue Occupancy Hotels 52