Hotel Speak

JUNE 4, 2024

Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. Subtracting all these costs will get you a Net Room Revenue, Back in 2010, we coined the KPI to express this as NREVPAR or Net Revenue per Available Room. Which is it?

Revenue Management 61

Revenue Management Occupancy Revenue Average Daily Rate 61

Social Tables

JULY 31, 2018

At a granular level, their focus will be on confirming vendors (food and beverage, lighting, A/V), working closely with the venue, and creating a production schedule for the event. Once your estimates are in place, you can determine your expected profit or donation amount and use it as your KPI (key performance indicator).

Events 149

Events Revenue KPI Scale 149

A Sales Guy

NOVEMBER 27, 2013

Pay close attention to these customers. Build killer KPI’s to monitor their health and make sure you don’t do anything to hurt them. These customers are tricky, spend too much time trying to save them because of their upside and fail, you’ve wasted time that could have been place else where. If it is, fix it.

Revenue 114

Revenue KPI Services Sales 114

Xotels

MAY 30, 2024

Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. Subtracting all these costs will get you a Net Room Revenue, Back in 2010, we coined the KPI to express this as NREVPAR or Net Revenue per Available Room. Occupancy or ADR?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Nuvho

AUGUST 30, 2021

Most have heard of SMART (Specific, Measurable, Achievable, Relevant, Time-Bound) goals and this method should be used to KPI your performance. For example, you don’t want a post published that promotes your hotel restaurant if they had to close due to renovations. Your audiences needs and wants can change.

Management 52

Management KPI Business Services 52

Social Tables

JULY 31, 2018

At a granular level, their focus will be on confirming vendors (food and beverage, lighting, A/V), working closely with the venue, and creating a production schedule for the event. Once your estimates are in place, you can determine your expected profit or donation amount and use it as your KPI (key performance indicator).

Events 97

Events Revenue KPI Scale 97

SiteMinder

OCTOBER 9, 2023

By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement. Improving hotel KPIs Hotel KPIs help you evaluate whether your strategy is working and also give your whole team something to focus on and drive towards on a day-to-day basis.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotel Management

MAY 10, 2023

The Asia-Pacific Hotel Industry Conference and Exhibition (AHICE) drew close to 1500 delegates to Adelaide last week for insightful keynote presentations, evocative panel discussions and invaluable networking opportunities. Paul Hutton of Hilton proposed “ESG should be the new KPI for GMs” who, he added, “had been idle during COVID.”

Market 130

Market Marketing Branding Events 130

MediaBoom

JULY 4, 2023

Implement a live chat If you ever wished you could clone yourself to always answer your customers’ questions, live chat comes close. What are the main KPI to monitor in digital marketing for real estate? Implement a chatbot marketing strategy on your website to answer customers’ questions around the clock.

Real Estate 90

Real Estate Digital Marketing Market Marketing 90

Hotel Business

MARCH 12, 2024

During the first couple of months, we’re onboarding and there’s a lot of learning through indoctrination of meshing our systems, our BI tools, what our KPI metrics are and understanding how we look at everything from an owner-centric lens. We become a massive support resource.

Hotels 59

Hotels Services Business KPI 59

MediaBoom

SEPTEMBER 5, 2023

Say a group of potential customers got close to making a purchase at your sporting goods e-commerce store. Because you want to get the word out about your services, you can track the KPI of page visits. The KPI for this conversion campaign would be leads.

Cost Per Click 52

Cost Per Click ROI Display Ads KPI 52

Hotel Business

MARCH 13, 2023

The Pathway has been developed in close collaboration and strong support with the industry and sustainability experts, such as EY, Considerate Group and Greenview, the Alliance reports. Basics fill the gap by creating that level playing field for the sector.”

Hospitality 52

Hospitality Tourism Resorts KPI 52

SiteMinder

DECEMBER 7, 2023

There’s no single KPI that perfectly describes how effective your rate management is. Create flexible restrictions Implementing flexible restrictions on bookings, such as minimum stay requirements, advance booking limitations, or closed-to-arrival (CTA) days, is simplified through software.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. So, in summary, make sure you adapt, and keep a close eye on where your business is coming from!

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

As a leader in revenue management consulting , we’re always at the forefront of what is happening in the hotel industry ─ and keeping a close eye on how revenue management trends keep evolving. So, in summary, make sure you adapt, and keep a close eye on where your business is coming from!

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

eZee Absolute

OCTOBER 17, 2022

Most sales professionals always find it frustrating when closing a lead takes forever. For example, lead response time could be a KPI to track. Hotel sales is one of the most daunting aspects, isn’t it? But it doesn’t have to be this way. Every hotel, irrespective of its shape and size, can speed up its sales cycle.

Sales 52

Sales Hotel Sales KPI Business 52

MediaBoom

JULY 10, 2024

Besides your SERP positioning, which will be the primary KPI you’ll focus on, you should also track: Technical site health, which determines the rate of technical errors. Track Success with SEO Analytics Tools The only way to gauge the performance of your home builder SEO strategy is by measuring metrics.

Business 61

Business Construction Market Marketing 61

MediaBoom

MAY 27, 2024

Measuring Success: Tracking Your Email Marketing Results Refining your approach means keeping a close eye on your performance metrics so you can see what’s working and what isn’t. Analyzing Data to Optimize Your Campaigns There are several aviation email marketing platforms out there that make tracking performance seamless.

Email Marketing 52

Email Marketing Market Marketing Digital Marketing 52

Travel Media Group

MARCH 22, 2023

Between the online management index or KPI that you’ve provided for Atrium and those revenue results that you’re seeing at the end of the year. Ryan Embree: All right, well we’ll keep a close eye on Atrium Hospitality and what you guys have shaping up for the future, but certainly is exciting. Ryan Embree: Absolutely.

Hospitality 98

Hospitality Services Business Digital Marketing 98