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

JUNE 21, 2023

We also investigate predicting ADR through machine learning and strategies to enhance this KPI. It is a hotel performance metric representing the average revenue earned for each room rented out in a hotel over a certain period. The metric includes all types of rooms and rates, whether discounted, group, or the best available ones.

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

MAY 26, 2021

In other words, a certain number of metrics and KPIs has to be set up, monitored, and analyzed to be turned into valuable insights. Occupancy rate, ADR, and ALOS: basic operational metrics. Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Occupancy rate. What does it show?

Hotels 64

Hotels Metrics Performance KPI 64

Altexsoft

APRIL 24, 2019

Such a pricing strategy can lead to bad reviews, complaints, or worse. The expert recalls cases when clients were charged preposterous fees for short rides due to extremely high demand, for instance, during the New Year’s Eve. Customers don’t like to feel like they’ve paid more than other people for the same product or service.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

OCTOBER 20, 2020

Nowadays, even though there is a bunch of small changes you can implement to optimize the work of your warehouse that would certainly matter in the long run, warehouse management is normally carried out with the help of the warehouse management system (WMS). What is a warehouse management system? Receiving and Putaway.

Systems Review 93

Systems Review System Software Review Software 93

Altexsoft

MAY 31, 2019

In this article, we will tell how logistics management systems (or LMS) can bring value by automating processes and using data to make informed decisions. What is Logistics Management System? Logistics management system within logistics processes. Main modules of Logistics Management System. Order management.

Transportation 85

Transportation Systems Review Software Review System 85

Altexsoft

AUGUST 11, 2022

miles long carrying 82,000 metric tons of ore), and more sustainable (one ton of freight can be moved over 470 miles on just a single gallon of diesel fuel). If you’re a shipper or carrier that was charged, well, the payment is inevitable, but you still need to keep records in case any disputes arise (and for analytical purposes too).

Technical Review 52

Technical Review Industry Technology IoT 52

Kaseya

JULY 29, 2022

Moreover, technology and analytics have enabled professionals in all fields to process a tidal wave of data and present it in informational and easy-to-understand reports. While MSPs and internal IT can track hundreds of metrics, keeping tabs on all of them is time-consuming and labor-intensive. Besides, not all metrics provide value.

Report 52

Report Examples CTO Budget 52

Altexsoft

NOVEMBER 15, 2022

Stakeholders — from property owners to managers to housekeeping staff — use this metric to make informed decisions and increase revenue per room or property. While occupancy rate is essential for deciding whether your management strategies succeed or fail, there are a few things you should keep in mind regarding this KPI.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

SEPTEMBER 19, 2018

KPI tracking. The last point is of special importance, because the KPIs define the success of the whole strategy. KPIs in hotel revenue management. It’s compared to hotel’s historical ADR or competitors’ metrics. Revenue per available room (RevPAR) – a KPI that assess financial and business performance of a hotel.

Hotels 66

Hotels KPI Travel Analysis 66

Altexsoft

APRIL 5, 2019

Product is a system that solves some customer’s problem and satisfies market’s demand. To make their planning more organized, a project manager creates process documentation – a set of standards, reports, metrics, schedules the team should adhere to during development. Deliverable: iteration review. Allocate roles.

Project Management 81

Project Management Product Management Weak Development Team Minimum Viable Product 81