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RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property’s Performance

Altexsoft

It’s vital to understand what information can be useful and give a better understanding of business processes — not only to measure success, but also aid in making decisions. 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.

Hotels 64
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Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock

Altexsoft

Turnover Ratio, Return Rate, Shrinkage, and Other Inventory KPIs to Manage Your Stock Inventory management always involves deciding on further actions: Which items should you replenish? What are inventory KPIs? We’ll also suggest a few tips on how to approach inventory-related business intelligence. In which quantity?

KPI 52
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Top 5 Questions Customers Ask About Fusion Analytics

Apps Associates

Prebuilt KPI’s, Metrics, Reports and Dashboards – Oracle provides literally hundreds of prebuilt Key Performance Indicators (KPI’s), metrics, reports and dashboards with each module of Oracle Fusion Analytics. Yes – custom KPI’s, metrics, reports and dashboards can be developed in Fusion Analytics.

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Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Procurement metrics and KPIs. If you as a business owner or manager don’t know what’s going on within your organization, you aren’t able to timely take measures in case of unplanned situations (and those are sure to happen, no doubts). Operational KPIs. Emergency purchase ratio is a reverse metric.

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Occupancy Rate Prediction: Building an ML Module to Analyze One of the Main Hospitality KPIs

Altexsoft

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
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Hotel Revenue Management: Solutions, Best Practices, Revenue Manager’s Role

Altexsoft

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
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How to Successfully Implement HR Analytics and People Analytics in a Company

Altexsoft

People analytics is the analysis of employee-related data using tools and metrics. Dashboard with key metrics on recruiting, workforce composition, diversity, wellbeing, business impact, and learning. Choose metrics and KPIs to monitor and predict. How are given metrics interconnected with each other?