If you think about a good occupancy rate for hotels, the logical answer is 100%. Of course, you would think every hotelier wants their hotel to be completely full every night. But a 100% occupancy rate may in fact not be the most profitable way to run your hotel. For many hotels, an...
Find out all about Hotel Average Daily Rate, including what it is, how to calculate it, when best to use it, and when not to. Read more on the Mews blog.
Hotel ownership describes the legal and financial responsibility of owning a hotel business, including the land, the property, and all its fixtures and equipment. A hotel owner is responsible for overseeing the overall performance and profitability of the property. Their duties can include managing...
Willingness to pay:Sure, it’s impossible to predict the future, but a good revenue manager should be able to estimate how much a guest is willing to pay for a room at their hotel. This willingness to pay is directly related to the hotel’s value proposition, though market demand and su...
Crucially, GOPPAR is concerned with the number of rooms available in your hotel rather than the number you have sold. In addition, it looks at gross operating profit rather than revenue generated from selling hotel rooms alone. Therefore, it is a good indicator of your hotel is effectiveness....
As a general manager or hotel owner you’ll find much debate on how to achieve it and what ‘good’ looks like, but very little on what that duty actually is: setting competitive rates that help you meet your goals.Whatever metric you’re shooting for – better occupancy, a higher ...
The hotel occupancy rate is simply the percentage of rooms occupied at any time. Read more to find out how to increase your hotel's OCC.
In addition to asking‘What is RevPAR?’, it is also a good idea to consider why RevPAR exists and contemplate its value. RevPAR is one of the most important performance metrics because it provides a great snapshot of a hotel’s overall success in selling rooms and doing so for the ri...
Jump to What is a hotel PMS? 10 main functions Types of systems Top 10 PMS systems 2025 By Cloudbeds As a hotelier, a property management system (PMS) is one of your greatest assets. A good PMS streamlines everyday hotel workflows and increases efficiency and, ultimately, profitability...
Why Is Benchmarking Good for Hotels? In the hotel business segment, you need to understand the market and the factors that are involved. It could be the risk factor or even the benefits you are likely to reap. This is, however, not possible when you don’t follow a certain process and...