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
Offering targeted and personalized offers to your customers (before and during their stay) improves customer experience and increases TRevPAR
Revenue management teams needs to decide where to prioritise. Hoteliers need to shift the mindset from a room-only / RevPAR-focused approach.
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
RevPAM is one of those metrics that are growing in prominence, changing the way hoteliers look at the earning potential of their property
As conversations around monetising new hotel offerings increase, everyone needs to be speaking the same language and guided by a consistent yardstick
The hotel industry is happy to welcome guests back, but a continued revenue shortfall, expense creep and difficult labor market, are impacting bottom line