Remove Business Intelligence Remove KPI Remove Social Remove Video
article thumbnail

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

Altexsoft

Despite its simplicity, the occupancy rate is an important KPI that shows how full your hotel is. Check our video on how revenue management works in hospitality. Revenue managers have to focus on this KPI to develop the revenue potential of all hotel departments and adjust the package offers and the entire upselling strategy.

Hotels 64
article thumbnail

Procurement Analytics: Challenges, Opportunities, and Implementation Approaches

Altexsoft

Check a brief video explaining how demand forecasting works. Monitoring your partners’ performance will help you choose the right supplier, reduce overspending by securing best prices, mitigate quality and delivery risks, and establish strong business relationships. This KPI also helps categorize your suppliers.

article thumbnail

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

Altexsoft

HR specialists can augment background checks with tools that explore and analyze an individual’s activity on social media and other sites and forecast their tendency to express toxic behaviors like sexism, sexual harassment, intolerance, or bullying. When documenting a custom KPI or metric, describe in detail: What measure it expresses.