Altexsoft

NOVEMBER 15, 2022

The same formula goes for vacation rental property management, but instead of rooms, you calculate the percentage of booked vacation rental units. For example, if you run 85 vacation rentals and 70 of them are booked tonight, then tonight’s occupancy rate is around 82 percent (70 divided by 85 and multiplied by 100).

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Altexsoft

APRIL 24, 2019

Generally, people accept price drops and increases when booking accommodation or flights, which isn’t the case for retailers and car hire companies in particular. KPI-driven pricing. Special attention is paid to predicting demand during extreme cases, such as sporting events, concerts, holidays, or adverse weather.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73

Altexsoft

MAY 26, 2021

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. It might show you that your property is most popular at the weekends or during the holiday season, or when some sport events take place nearby. A RevPAR shows the amount of revenue generated by one room, whether booked or not.

Hotels 64

Hotels Metrics Performance KPI 64