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This strategy is crucial for enhancing both occupancy rates and the averagedailyrate (ADR), directly influencing the hotel’s financial performance. Table of contents Why does hotel rate management matter? There’s no single KPI that perfectly describes how effective your rate management is.
This involves tracking key performance indicators (KPIs) like AverageDailyRate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). Each channel has its own cost and reach, affecting the overall revenue.
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