Remove Average Daily Rate Remove KPI Remove Sales
article thumbnail

Occupancy vs ADR, the never Ending Discussion in Revenue Management

Hotel Speak

What drives more value to the business, ADR, average daily rate, or occupancy? You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.

article thumbnail

Top 7 KPIs every hotelier must track

Hotelogix

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. KPI in hospitality industry is also used to find out if or not you are on the right track to meet the targets set.

KPI 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Occupancy vs ADR, the Never Ending Discussion in Revenue Management

Xotels

What drives more value to the business, ADR, average daily rate, or occupancy? You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.

article thumbnail

Hotel metrics: How to measure performance in the hotel industry

SiteMinder

Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment. Average daily rate (ADR) measures the average revenue earned from each occupied room per day, shedding light on pricing strategies.

article thumbnail

Hotel KPIs: How should hotels be measuring success?

SiteMinder

For example, you might have set a goal of achieving 300 room night sales in the month of May. Your KPI would be how many room nights you have sold at any point during May. Quick tips to develop your KPIs: Limit the amount of KPIs you have; keep it to big priorities. Clearly define how you will measure each KPI.

KPI 52
article thumbnail

Hotel Star Reports: What are they and how to read them

SiteMinder

For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. KPIs in an STR report.

article thumbnail

Hotel Management Technology: The Future of Hospitality

Hotelogix

Point-of-sale (POS) integration : Handle all guest charges without a hitch. It acts as your always-on never-sleeping sales team! Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. Every cent counted, every service charged!