Today's Revenue Management thought:-
Choosing the right KPI’s !
Revenue is an essential department, but its function is meaningless without metrics that guide the team in the right direction.
EBITDA of a hotel, should be another key metric in revenue management.
So, what is it for and what does EBITDA tell us?
The main quantitative information provided by this metric is profitability in order to meet debts and interest - it measures the value available to pay fixed expenses.
This is a key metric and one which a revenue manager should pay great attention to, enabling forecasting of the properties economic growth trends.
Have a profitable week.
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