Altexsoft

MAY 23, 2023

Revenue Per Available Room, or RevPAR, has emerged as a crucial key performance indicator (KPI) for assessing a hotel’s financial well-being and prosperity. This significant metric enables hotel owners to evaluate their property’s performance by considering both occupancy rates and average daily rates (ADR).

Hotels 59

Hotels KPI Artificial Inteligence Strategy 59

Altexsoft

SEPTEMBER 19, 2018

A hotel jam-packed with people isn’t always a profitable hotel. Hotels employ various revenue management techniques and strategies aimed at increasing the bottom line. Compared to airlines, revenue management in hotels evolves slowly. What is hotel revenue management? Dynamic pricing strategies for hotels.

Hotels 66

Hotels Travel KPI Analysis 66

Altexsoft

MAY 26, 2021

In the hospitality industry, choosing the right metrics and carefully tracking them can help you as the hotelier or hotel manager to understand how your hotel is performing, compare it with your competitors, and possibly find the weak points and opportunities for improvement. Occupancy rate, ADR, and ALOS: basic operational metrics.

Hotels 64

Hotels Metrics Performance KPI 64

Altexsoft

JUNE 21, 2023

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Example 1: Small boutique hotel. What is ADR?

KPI 52

KPI Hotels Strategy Artificial Inteligence 52

Cloudera

MARCH 17, 2023

Align everything to corporate strategy I lead data and analytics at Cloudera. We’re called Cloudera Data Analytics (CDA). Prior to forming the group, it was imperative to understand Cloudera’s corporate strategy: corporate objectives, product strategy, go-to-market strategy, key metrics and KPI. How very clever.

Data 80

Data KPI Analytics Hotels 80

Altexsoft

NOVEMBER 15, 2022

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. The occupancy rate in hospitality is the share of occupied hotel rooms or vacation rental units at a given time. Overall, average hotel occupancy rates range between 65 and 80 percent.

Hotels 52

Hotels Artificial Inteligence Machine Learning KPI 52

Altexsoft

APRIL 24, 2019

KPI-driven pricing. The primary goal of revenue management is to sell the right product to the interested customers, at a reasonable cost at the right time and via the right channel, which applies to businesses with fixed, reservable inventory like flights or hotel rooms. says Shartsis.

Artificial Inteligence 73

Artificial Inteligence Machine Learning Software Review Retail 73