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Understanding ARI: A key metric in hotel management

Cloudbeds

Modern hotel management requires a robust set of tools and metrics to evaluate and continuously optimize revenue performance, especially in relation to competitors. The other two indicators are MPI (market penetration index) and RGI (revenue generated index).

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Measure your hotel’s performance with a RevPAR formula and more

Hotelogix

Market Penetration Index (MPI) Market Penetration Index as a metric compares your hotel’s occupancy rate to that of your competitors in the market and provides an encompassing view of your property’s position therein.

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Mews Acquires HS3 Hotelsoftware to Bolster German Expansion

Hotel Speak

[Detmold, 14 May] Mews , a leader in hospitality technology and cloud-native property management systems (PMS), today announced its acquisition of HS3 Hotelsoftware, the German-founded on-premises property management system. Following its latest funding of $110m, Mews is accelerating its growth with expansion in key markets.

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Hotel rate management: Best software to use

SiteMinder

What is hotel rate management? Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This process requires continuous analysis of market trends, booking patterns, and competitor strategies. Table of contents Why does hotel rate management matter?

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Omni adds Annette Bales

Hotel Business

Her key responsibilities include increasing revenues through enhanced market penetration, optimizing revenue performance at all Omni-operated properties and ensuring all strategic sales practices align with the brand’s overall business objectives. Omni Hotels & Resorts has appointed Annette Bales as VP, sales.

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Breaking news: Villeroy & Boch takes over Ideal Standard

Hotel Designs

The Ideal Standard shares are being sold by corporations under the management of Anchorage Capital Group and CVC Credit. In an industry with global growth potential, the integrated company will, after completion of the transaction, join the ranks of Europe’s biggest manufacturers of bathroom products. billion as a result of the merger.

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Secrets to Boost Your Hotel’s Revenue: Pricing Strategies You Need to Know

eZee Absolute

Pricing Strategies to Optimize Your Hotel Revenue Value-based pricing Package pricing Captive product pricing Market-penetration pricing Psychological pricing Promotional pricing Dynamic Pricing to Ace Your Strategic Game Why Is It Important to Set Pricing Strategies? This is the only way to make it win its place in the market.

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