SiteMinder
OCTOBER 9, 2023
These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. Hotel operations are incredibly varied, with many moving parts that interact with and support one another.
Hotel Business
JUNE 22, 2023
Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”
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SiteMinder
JUNE 2, 2022
Run reports that detail data analysis and operational activities. It can be calculated by multiplying your average daily rate by your occupancy rate. Here are some of the more popular metrics you can use: GOP – Gross operating profit is simply a calculation of your profits after acquisition costs have been deducted.
MBA Hotels
SEPTEMBER 12, 2018
According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. It can be rewarding, but it is a totally different business than operating a hotel.
Hotel Operations
MARCH 15, 2023
We’re going to look at: This guide builds on my guide to hotel automation and is focused on hotel operators , though I hope other industry participants will find it useful as well. Because of this, hotel owners – and the operators and brands that work for them – are focusing on top-line revenue growth now more than ever before.
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