Avoid using it as a standalone metric, since it doesn’t indicate how successful you were at selling rooms (ADR does not take occupancy into account). How to increase your hotel’s ADR Increasing your ADR will likely take some investment from your side. This may mean upgrading facilities ...
This is done viadynamic pricing. Done well, it means you don’t have to sacrificeADRorRevPARto drive occupancy. Let’s dig into the details. Set competitive room rates Competitive pricingdoesn’t always mean offering the lowest rate; it involves pricing rooms in a way that reflects their va...
4. Why is yield management important in the hotel industry? 5. What is the definition of yield management for hotels? 6. What are the elements of hotel yield management? 7. Yield management pricing examples 8. Yield management solutions to optimise your strategy 9. How a yield management ...
Revfine.com is a knowledge platform for the hospitality & travel industry. Professionals use our insights, strategies and actionable tips to get inspired, optimise revenue, innovate processes and improve customer experience. You can find all hotel & hospitality tips in the categories Revenue Management...
What Is RevPOR? Hotel KPIs explained: ADR, REVPAR and GOPPAR What is an Occupancy Rate? What does EBITDA stand for? NRevPAR Clearly Explained! What is ARPA? What is TRevPar? RevPAR versus GOPPARMore Tips to Grow Your Business Revfine.com is a knowledge platform for the hospitality & ...
What does flow-through mean? In the case of the hospitality industry,understanding how different departments affect the hotel’s actual revenue is essential in order to turn revenue into profit.It is also the key to sustained growth. Traditionally, occupancy rate,average daily rate (ADR)andrevenue...
Fortunately, competitive pricing in the hospitality industry is much easier to participate in today thanks to rate shopping tools. It starts with identifying your competitive set, assessing your rates relative to your market, and then deciding where you want to be positioned. A rate shopping tool ...