Today's Revenue Management thought:-

In hospitality, Key Performance Indicator (KPI) data is highly valuable for evaluating hotel performance. Through meticulous monitoring of KPI data, hotel owners can glean insights from past performance, facilitating informed decision-making and a thorough comprehension of the hotel's trajectory.

Among the prevalent KPIs in the hotel industry are: occupancy rate, average room rate, RevPAR (revenue per available room), food and beverage revenue, payroll costs as a percentage of revenue, and ADR (average daily rate).

However, there are also other critical and nuanced KPIs, including those pertaining to the Housekeeping Department, Maintenance Department, Sales and Marketing, and Human Resources.

As individuals responsible for revenue, it is imperative that we possess comprehensive insight into all property KPIs to make informed pricing decisions effectively.

Have a profitable week !

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