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RevPAR: A Vital Hotel KPI And Strategies To Improve It

Altexsoft

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. The RevPAR Index , also known as the Revenue Generating Index (RGI), evaluates your hotel’s RevPAR performance compared to a defined competitive set, market, or sub-market.

Hotels 59
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PepsiCo transforms for the digital era

CIO

To date the company has moved 5,000 applications to Microsoft Azure as it applies predictive analytics , AI, robotics, and process automation in many of its business operations. The company is also refining its data analytics operations, and it is deploying advanced manufacturing using IoT devices, as well as AI-enhanced robotics.

Analytics 335
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Huabao sniffs out the ultimate efficiency formula

CIO

Without visualized analytics, it was difficult to bridge the void between expectation and accurate analysis. The AI fragrance application trimmed years off what had been a lengthy process, based largely on human “hit-and-miss” calculations, enabling the company to manufacture and market new products while demand was at its peak.

KPI 243
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Average Daily Rate: The Role of ADR in Hospitality Revenue Management and Strategies to Improve This KPI

Altexsoft

We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Unlike the other metrics, ADR focuses solely on revenue from actual room sales, making it a vital KPI of a hotel’s pricing strategy effectiveness. As one of the analytical pillars, ADR provides a clear view of revenue performance.

KPI 52
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5 hot IT budget investments — and 2 going cold

CIO

This includes spending on strengthening cybersecurity (35%), improving customer service (32%) and improving data analytics for real-time business intelligence and customer insight (30%). There are indications the voice market is slowing. The unified communications market’s meager 1.6% IDC is forecasting a 5.1%

Budget 363
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Are You Using a Cloud Experience to Boost Business Value?

CIO

In some instances, poor implementation and faulty configurations were the culprits for deteriorating ROI, TCO and KPI values. Or perhaps you choose to offload an analytics application to the public cloud for rapid scalability during peak traffic cycles. And maybe you need to move an app to the edge for speedier data retrieval.

Cloud 302
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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

When you go to the local farmer’s market to buy fresh produce from a seller you have known for years or try on a trendy outfit after having an ice cream in your favorite mall, well, it’s a simple way to enjoy life. What is procurement analytics and the opportunities it offers? Main components of procurement analytics.