TrevPAR and It’s Impact on the Future of Hospitality
While everyone agrees that TrevPAR is an important metric for benchmarking against competing hotels, decisions aren’t made off of TrevPAR
Total Revenue: Definition, How to Calculate and Examples
Because total revenue definition takes into account every revenue stream, you should also include the following additional revenue metrics in your strategy
Focus on These Hotel Revenue Management KPIS to Increase Profitability
Which hotel revenue management KPIs should you focus on more so than others? We’ll touch on seven KPIs that you want to track for your hotel
5 Tips To Increase Your TRevPAR Without Wasting Time
Offering targeted and personalized offers to your customers (before and during their stay) improves customer experience and increases TRevPAR
What Can Revenue Management Offer Beyond Room Revenue?
Revenue management teams needs to decide where to prioritise. Hoteliers need to shift the mindset from a room-only / RevPAR-focused approach.
Hotel Performance Ends on High Note for Q1 2022
Hotel performance ended strong with March profit surging across most global regions, a sign of stronger revenues and better conversion rates
Omicron Emergence a Yardstick for the Hotel Industry
The drop in hotel revenue, despite a still lower cost base, led to GOPPAR of $11, which was 64% lower than November 2020 and 75% lower than in November 2019
Omicron Threatens Hotel Performance Recovery
Indications are future hotel bookings, meetings and other hotel related activity will be impacted by the presumed expectation of future travel impediments
RevPAM: What is it And Why it Matters to Revenue Management Strategies?
RevPAM is one of those metrics that are growing in prominence, changing the way hoteliers look at the earning potential of their property
A Systematic Approach to Monetising New Hotel Offerings
As conversations around monetising new hotel offerings increase, everyone needs to be speaking the same language and guided by a consistent yardstick