Hotel Speak

JANUARY 9, 2025

By partnering with an experienced revenue management company , hotels can: Reduce Costs: Identify areas for cost optimisation and implement strategies to increase operational efficiency. TRevPAR: A Holistic View of Performance TRevPAR ( T otal R evenue P er A vailable R oom) has been a K ey P erformance I ndicator ( KPI ) for a while now.

Revenue Management 77

Revenue Management Revenue Management Ancillary Revenue 77

Refine

MAY 20, 2024

It’s an understandable decision, given that rooms are the obvious staple of any hotel operation and there are only so many hours in a day. Revenue leaders across the globe devote a considerable amount of their efforts to driving room revenue performance.

Events 119

Events Revenue Operations KPI 119

Refine

NOVEMBER 19, 2024

Disjointed platforms can lead to miscommunications, missed opportunities and operational The post How to Lead with Data: Transforming Hotel Group and Meeting Bookings through Analytics appeared first on Revfine.com. If your hotel is not harnessing the full potential of integrated data management, you are jeopardizing the guest experience.

Hotels 98

Hotels Operations Management Hospitality 98

Hotel Business

OCTOBER 18, 2024

Aimbridge is strategically positioned to lead the industry with a strong executive team that is hyper focused on operational excellence, innovation, and partnership. Together, we are shaping a future where operational agility, empowered leadership, and sustained results define our success.” Smith, CEO, Aimbridge Hospitality.

KPI 59

KPI General Manager Services Scale 59

Xotels

MAY 30, 2024

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. It stands for Gross Operating Profit Per Available Room.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Business

OCTOBER 18, 2024

Aimbridge is strategically positioned to lead the industry with a strong executive team that is hyper focused on operational excellence, innovation, and partnership. Together, we are shaping a future where operational agility, empowered leadership, and sustained results define our success.” Smith, CEO, Aimbridge Hospitality.

KPI 52

KPI General Manager Services Scale 52

SiteMinder

JUNE 2, 2022

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. Set a specific target for your KPI. Other hotel KPIs your property can utilise.

KPI 52

KPI Revenue Occupancy Hotels 52

Fuel Travel

MARCH 28, 2024

This KPI is a calculus of the total revenue generated per available room over a specific period. Streamline Operations with Technology: Automate routine tasks and streamline operational processes with better technology. You can significantly enhance operational efficiency with better operational and marketing tools.

Revenue 92

Revenue Average Daily Rate Occupancy Digital Marketing 92

Hotelogix

MAY 1, 2025

For example, a hotel with 100 operational rooms in a 30-day month has 3,000 available room nights. Gross Operating Profit Per Available Room (GOPPAR) Unlike RevPAR, GOPPAR considers all operating revenues and expenses. This KPI is essential for owners and investors tracking ROI.

Occupancy 59

Occupancy Average Length of Stay Average Daily Rate Revenue 59

SiteMinder

OCTOBER 9, 2023

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. Hotel operations are incredibly varied, with many moving parts that interact with and support one another. With SiteMinder, you're always a step ahead.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotel Business

DECEMBER 13, 2024

Imagine how much depends on the quality of training your line personnel receives: your hotel brands reputation, your customer loyalty and your operational efficiency. It is more effective not to make the actual completion of training a KPI, but rather work with what aspects of work it should improve.

Scale 92

Scale Hotels KPI Business 92

Hotel Management

MAY 10, 2023

Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”. The operators returned for Part 2 of their outlook assessment with JLL’s Xander Nijnens stepping in for his CEO to moderate the panel.

Market 130

Market Marketing Branding Events 130

Hotel Business

JUNE 27, 2023

RevPAS, or revenue per available space, is a key performance indicator (KPI) used at Towne Park to measure the effectiveness of a hotel’s parking revenue strategy. Leverage data to improve continuously Harnessing the power of data is essential in making informed decisions about your parking operations. What is RevPAS?

Revenue 59

Revenue Hotels KPI Revenue Management 59

Hotelogix

JANUARY 29, 2025

With 56% of hoteliers worldwide prioritizing smarter tech investments (2024 Lodging Technology Survey), the focus isn’t just on cutting costs but revolutionizing guest experiences and streamlining operations. VR training for staff : Provide realistic, scenario-based training without disrupting actual hotel operations.

Management 58

Management Hospitality Hotels Services 58

Hotel Business

MARCH 12, 2024

Owner/operator/developer Hotel Equities has grown exponentially through strategic partnerships with several hotel groups around the U.S. Our COO, Bryan DeCort, is heavily involved with the principals of our strategic partnerships on the operations side, making sure that they have all the tools and resources they need.

Hotels 59

Hotels Services Business KPI 59

Travel Media Group

OCTOBER 23, 2024

And I think that’s really sort of industry standard where we get a metric or a KPI, we sit on that, we manage to that. And in some ways you sort of lose like what that KPI is for. So you’re sort of like almost the purpose for your improvement of a KPI is the KPI. Instead of for what the KPI was originally for.

KPI 52

KPI Digital Marketing Travel Market 52

Catala Consulting

OCTOBER 19, 2022

Buying an existing hotel is low risk because of its past KPI , and you know what to expect. It also reveals the chances of increasing your rate over time once your hotel is fully operational. For your hotel business to be fully operational, you may need to obtain relevant licences or permits, depending on your location.

Business 52

Business Hotels Market Marketing 52

Cloudbeds

FEBRUARY 16, 2024

With CRM, hotels can gather and store guest data to ultimately save time, streamline operations , and build customer loyalty. ALICE by Actabl ALICE is an all-in-one operations platform designed to streamline hotel operations, improve productivity, and enhance guest satisfaction. What is a hotel CRM?

Sales 52

Sales Hotels Upsell Market 52

Amadeus Hospitality

DECEMBER 20, 2022

Redesigned with dynamic operational dashboards and on-line help, the solution makes it easier for teams to analyze key reporting and data points, labor output metrics, and guest amenity requests. Air traffic data sets, social media advertising and detailed branding KPI analysis have contributed to these partners’ 2022 success stories.

Shopping 52

Shopping Services Market Marketing 52

BCV

JUNE 14, 2022

Metasearch: Similar to SEM in that it is pay to play, metasearch operates on an auction model, and typically shows up underneath the Local Pack (Map, Property Name, etc.) They should also have a KPI-based approach to metasearch and SEM that aligns with the property’s ROI targets for these channels. section on the Google homepage.

Consumer 52

Consumer ROI KPI OTA 52

SiteMinder

OCTOBER 5, 2023

This could suggest that the conference rooms need additional marketing budget, operational changes, or other adjustments to make better use of the space. Meanwhile, the conference room is generating the lowest amount of revenue per square metre and is thus the least efficient space.

Revenue Management 59

Revenue Management Revenue Hotels Events 59

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. But what are they all about? Staying ahead of the competition is essential to the long-term growth of your hotel.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotel Business

MARCH 13, 2023

Further, to help measure progress towards Net Positive, this additional guidance will include content on regionality and a KPI measurement framework aligned with ESG reporting requirements. We must meaningfully work together as an industry to advance sustainable practices and leave the world a better place for future generations.”

Hospitality 52

Hospitality Tourism Resorts KPI 52

Travel Media Group

MARCH 22, 2023

While we were hiring a chief technology officer, I worked in our global operations center where I really got to travel the world. And I thought, you know, I’ve spent so much time at Hyatt, but what I really wanna do is get on the operation side of things. I ran hotel accounting for North America. And we figured it out.

Hospitality 98

Hospitality Services Business Digital Marketing 98

Xotels

SEPTEMBER 13, 2024

By partnering with an experienced revenue management company , hotels can: Reduce Costs: Identify areas for cost optimisation and implement strategies to increase operational efficiency. TRevPAR: A Holistic View of Performance TRevPAR ( T otal R evenue P er A vailable R oom) has been a K ey P erformance I ndicator ( KPI ) for a while now.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

SEPTEMBER 13, 2024

By partnering with an experienced revenue management company , hotels can: Reduce Costs: Identify areas for cost optimisation and implement strategies to increase operational efficiency. TRevPAR: A Holistic View of Performance TRevPAR ( T otal R evenue P er A vailable R oom) has been a K ey P erformance I ndicator ( KPI ) for a while now.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Xotels

APRIL 3, 2024

As time progressed, numerous other industries embraced the revenue management approach, integrating it as a foundational strategy for their business operations. To be 100% clear on how an ideal revenue operations process would look like , we at XOTELS always strongly recommend seeing revenue management as a process.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Catala Consulting

MAY 1, 2025

Its the team around it Heres what often goes unspoken: The General Manager is focused on operational flow and guest experience. The GM didnt attend revenue meetings, seeing them as operations adjacent. Not from incompetence. But from inconsistent urgency. The real problem isnt the tool. Pricing is someone elses job.

Revenue Management 52

Revenue Management Revenue Management Sales 52