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KPI (Key performance indicator) A measurable value such as RevPAR or occupancy used to gauge success against goals. MPI (Market penetration index) Compares your occupancy against a competitive set; a score above 100 shows stronger marketshare. Occupancy underpins every major KPI. PMS terminology keeps data clean.
Start increasing your revenue today by reading our all-in-one ultimate guide on what is revenue management from our expert perspective as a hotel revenue management consulting company. Article Summary: What is the Definition of Revenue Management? Why is Revenue Management Important to Hotels & Other Industries?
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