article thumbnail

Hotel metrics: How to measure performance in the hotel industry

SiteMinder

By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement. For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities.

article thumbnail

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

eZee Absolute

Table of Content Why Is It Important to Set Pricing Strategies? 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?

Revenue 52