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 Machine Learning 52

Cloudera

MARCH 17, 2023

Align everything to corporate strategy I lead data and analytics at Cloudera. 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. We’re called Cloudera Data Analytics (CDA). How very clever.

Data 80

Data KPI Analytics Hotels 80

CIO

OCTOBER 4, 2024

Es más, según expuso: “El CIO debe ayudar a que las áreas de negocio sean más sostenibles”, recordando, por otro lado, que un KPI claro de sostenibilidad es la eficiencia energética, en la que la tecnología tiene mucho que decir. “La La sostenibilidad también significa ahorrar”, añadió.

Chemicals 179

Chemicals Hotels Sport Artificial Inteligence 179

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 Machine Learning Artificial Inteligence KPI 52