RevPARis a hotel industry metric that measures the room inventory being sold and how much revenue is being generated from those hotel bookings. Inventory factored in RevPAR calculations includes all units of accommodation at a property such as rooms, cabins, apartments, and villas, among others. ...
In the hospitality industry, choosing the right metrics and carefully tracking them can help you as the hotelier or hotel manager to understand how your hotel is performing, compare it with your competitors, and possibly find the weak points and opportunities for improvement. So, the aim of this...
4. Consider predictive intelligence.An emerging trend in the hotel industry is the ability to leverage predictive intelligence technology to better understand guest behavior. Predictive intelligence gathers guest data — including behavior and activity — then creates aggregate models that help hoteliers de...
For starters, the time an employee spends in training is characterized by lower output and productivity, meaning that hotel operators are paying more per hour for lower output. Furthermore, the time managers spend training a new employee is time lost tha...
For starters, the time an employee spends in training is characterized by lower output and productivity, meaning that hotel operators are paying more per hour for lower output. Furthermore, the time managers spend training a new employee is time lost that they could’ve spent doing something els...
For starters, the time an employee spends in training is characterized by lower output and productivity, meaning that hotel operators are paying more per hour for lower output. Furthermore, the time managers spend training a new employee is time lost that they could’ve spent doing something els...