Obviously, any industry also has its own metrics to monitor cash flows. For example, the main revenue-related KPIs in hospitality includeRevenue per available room(RevPAR), Total revenue per available room (TRevPAR), Revenue per available customer (RevPAC), and so on. Read about these and o...
Hotel KPIs Below, we will talk about formulating a strategy for a Hotel. A recommended approach is to articulate your strategy first and then start looking for the ways to measure it. However, there are standard KPIs that are relevant for most hospitality businesses. Management KPIs Room Occupan...
You can also apply short-term and building block goals to achieve a long-term goal of independence. For example, if you work in the hospitality industry, you might work for a hotel chain for a few years, before buying a bed and breakfast inn. An automobile mechanic might gain experience ...
When it comes to the hospitality industry, providing an exceptional experience is paramount. In the age of customer-centricity, understanding your guests’ journey from start to finish is not just beneficial; it’s essential. This is where the concept of a hotel guest journey map comes into ...
In this article we'll cover the basics of SWOT analysis and give examples on how small businesses can leverage this business strategy to grow their bottom lines with a specific focus on the hotel industry. Rest assured that hospitality industry SWOT analysis isn't just forconsultantsand with a...
Gain a competitive edge (in marketing and hiring) Every company is made up of individuals with unique skill sets and personalities. While KPIs bring skill sets together to accomplish tangible goals, company core values bring personalities together to create a firm identity. A firm identity gives ...
A guide to support quality assurance in hospitality & travel For the travel & hospitality industry—think airlines, travel agencies, accommodation services—support quality assurance is more crucial now than ever. Customer expectations Bring more clarity to your workforce planning with our checklist Downl...
KPIs help restaurants and hotels in the food industry stay focused on what matters most. The accommodation and food services industry is a major component of the hospitality sector, encompassing businesses that provide lodging, prepared meals, snacks, and beverages for customers. This industry ...
Instead of displaying screens that might quickly be outdated, they use graphics to ensure this video can be used for years. 6. SEMrush Tracking your website traffic can easily become an uphill battle; as if data analytics wasn’t complicated enough, KPIs, CTAs, CPCs, and other acronyms are...
Other industries, such as hospitality, have unique considerations. If you sell strictly B2B, you may want a solution that focuses on direct client communication instead of mass communication methods. 3. Evaluate the technology your channel partners will use. Technology updates, communication and ...