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

MAY 26, 2021

In other words, a certain number of metrics and KPIs has to be set up, monitored, and analyzed to be turned into valuable insights. So, the aim of this article is to describe the main KPIs typically adopted by hotels to support their business analysis. Occupancy rate, ADR, and ALOS: basic operational metrics.

Hotels 64

Hotels Metrics Performance KPI 64

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

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

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. Our CDA charter must be aligned with corporate strategy, but shouldn’t everything we do be aligned? And meet us over booth #1327.

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. Stakeholders — from property owners to managers to housekeeping staff — use this metric to make informed decisions and increase revenue per room or property. Why track occupancy rate?

Hotels 52

Hotels Artificial Inteligence Machine Learning KPI 52

Sunflower Lab

MARCH 25, 2024

Key Metrics for Your Power BI Executive Dashboard The starting point of any executive dashboard in Power BI is to identify and highlight the metrics that truly drive your business. For most organizations, these key metrics can be divided into three broad categories.

Metrics 52

Metrics Trends Analysis Technical Review 52