Hotel Business

JUNE 27, 2023

Rethinking parking as a key revenue stream Just like rooms, food and beverages, and event spaces, parking should be considered a key revenue-generating component within a hotel’s ecosystem. It starts by employing existing frameworks for maximizing room revenues and applying those same strategies to available parking spaces.

Revenue 59

Revenue Hotels KPI Revenue Management 59

SiteMinder

OCTOBER 9, 2023

It offers insights into room demand and helps in forecasting. Average daily rate (ADR) measures the average revenue earned from each occupied room per day, shedding light on pricing strategies. Revenue per available room (RevPAR) combines the occupancy rate and ADR to give a comprehensive view of both room sales and revenue.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

OCTOBER 10, 2022

Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. The index is calculated by dividing your KPI values by the average KPI values of your compset, then multiplying by 100. ADR = Total room revenue/total rooms sold.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

DECEMBER 7, 2023

It pays to obsess over long-range weather forecasts too. What is the hotel industry standard for measuring the effective management of room rates? There’s no single KPI that perfectly describes how effective your rate management is. If it’s a quiet time you can lower your rates to coax more guests in.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Hotelogix

JANUARY 29, 2025

Revenue Management Systems (RMS) Dynamic pricing strategies Demand forecasting : Use data to predict busy periods. Business Intelligence and Analytics Platforms Data visualization to make informed decisions Customizable dashboards : Build role-specific KPI visuals. We're tracking every drop because they all matter!

Management 58

Management Hospitality Hotels Services 58

Travel Media Group

MARCH 22, 2023

Rob Mangiarelli : Yeah, a lot to unpack there and I’ll preface it by saying we’ve, demonstrated our inability to forecast but what I, what I would say, let’s start with group, cause you mentioned group. So are you targeting those travelers differently? We’re a very group heavy company. The makeup of our hotels.

Hospitality 98

Hospitality Services Business Digital Marketing 98

Catala Consulting

MAY 1, 2025

Youve invested in a cutting-edge Revenue Management System. Your team attends vendor trainings, updates the forecast, and keeps the strategy optimised. Its the team around it Heres what often goes unspoken: The General Manager is focused on operational flow and guest experience. Youve checked every box.

Revenue Management 52

Revenue Management Revenue Management Sales 52