Hotel Business
JUNE 22, 2023
Survey highlights include: Top-line performance: While consumers confront higher ADRs and even fewer amenities that now come at a price, there still seems to be a steadily growing pent-up demand for travel: Nearly half of hotel CFOs expect the key driver of RevPAR growth in 2023 to be a combination of ADR and occupancy. Leisure travel 2.
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.
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SiteMinder
JUNE 2, 2022
It can be calculated by multiplying your average daily rate by your occupancy rate. GOPPAR – Gross operating profit per available room measures the distinction between your profit and available rooms. A high level example might be that you are aiming to achieve a higher average occupancy rate than your competitors.
MBA Hotels
SEPTEMBER 12, 2018
According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. Many analysts think there is still time in this extended market cycle before the next down turn.
Hotel Operations
MARCH 15, 2023
Hoteliers today are seeing a direct impact of revenue management systems on optimizing price and increasing Net Operating Income and the total incremental value created for hotel assets,” shared Mike Chuma, VP of Marketing, Engagement & Enablement at IDeaS. Forecasting demand is an example. “We’re
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