Revenue Your Hotel · 14 Dec
Your property's bottom line is defined and measured for success if you as the property revenuemanager implement a good revenue management strategy with the help of other departments inyour property. The strategy of implementing good revenue management has been tried andapproved of success is true through the regular revenue management measurement, but there isanother and more efficient way to influence your property's yields. We call the strategy profitmanagement which determines a property's net revenue after taking into consideration the costsof acquisition by channel, opportunity costs, and target audiences.
Revenue Your Hotel · 29 Nov
Long-time ago for hotel industry performance analysis, there are two simple traditional indicators were used: ADR (average room rate) and the percentage of occupancy. Then with the progress of yield/revenue, management RevPAR (revenue per available room) started to be the main indicator, because it reflected how efficient the hotelier could manage occupancy and price at the same time, depending on demand.