SiteMinder

OCTOBER 9, 2023

MPI – Market penetration index is a way to directly compare yourself with your competitors. This is calculated by: your occupancy rate / market occupancy rate x 100. A healthy occupancy rate is certainly an indicator of success but is much too general to rely on.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

JUNE 2, 2022

For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Consider the following when actioning a revenue management strategy: RevPAR – Revenue per available room gives you an idea of your ability to fill your rooms at an average rate.

KPI 52

KPI Occupancy Revenue Hotels 52

eZee Absolute

JANUARY 26, 2023

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.

Revenue 52

Revenue Market Penetration Revenue Management Services 52

SiteMinder

DECEMBER 7, 2023

A longer LOS can be an indicator of effective rate management strategies, such as offering discounts for extended stays. Market penetration index (MPI), average rate index (ARI), and revenue generation index (RGI) : These are comparative metrics used to assess a hotel’s performance against its competitive set or the broader market.

Management 59

Management Average Daily Rate Occupancy Revenue 59