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

The Average Daily Rate (ADR) — one of the leading hotel KPIs for gauging performance and profit — has gained considerable importance, and for a reason. We also investigate predicting ADR through machine learning and strategies to enhance this KPI. Example 1: Small boutique hotel. What is ADR?

KPI 52

KPI Hotels Strategy Machine Learning 52

Altexsoft

MAY 26, 2021

It’s been a long time since it became obvious that to develop and stay competitive, businesses have to support their decision-making with data. So, the aim of this article is to describe the main KPIs typically adopted by hotels to support their business analysis. But, easier said than done. Occupancy rate. What does it show?

Hotels 64

Hotels Metrics Performance KPI 64

Altexsoft

SEPTEMBER 19, 2018

A hotel jam-packed with people isn’t always a profitable hotel. Hotels employ various revenue management techniques and strategies aimed at increasing the bottom line. Compared to airlines, revenue management in hotels evolves slowly. What is hotel revenue management? Dynamic pricing strategies for hotels.

Hotels 66

Hotels KPI Travel Analysis 66

Altexsoft

NOVEMBER 15, 2022

The occupancy rate is a key indicator of the historical, current, and looking-forward performance of a hotel or vacation rental business. The occupancy rate in hospitality is the share of occupied hotel rooms or vacation rental units at a given time. Overall, average hotel occupancy rates range between 65 and 80 percent.

Hotels 52

Hotels Machine Learning Artificial Inteligence KPI 52

Sunflower Lab

MARCH 25, 2024

All you need to know is that it is about developing an executive dashboard that applies to finance, healthcare, industrial processes, and basically all other industries. Explore the best practices for creating a successful executive dashboard, focusing on key areas such as KPI selection, user experience, data security, and maintenance.

Metrics 52

Metrics Trends Analysis Technical Review 52

Altexsoft

APRIL 24, 2019

How would you price tickets not only to cover expenses for each route but also to achieve a certain level of revenue to be able to grow and develop your business? The reality is that you’ll need a more sophisticated pricing strategy to fit into today’s highly competitive market and be flexible enough to adjust to any changes.

Machine Learning 73

Machine Learning Artificial Inteligence Software Review Retail 73