The hospitality industry is volatile: your hotel’s revenue can be affect by demand, your room rates, seasonality, your location, or other external factors that you unfortunately can’t control (like the outbreak of a global health crisis).
Effective hotel revenue management is therefore essential to ensure your profits.
To get an overview of their property’s various revenues, hoteliers must use a series of key performance indicators (KPIs) .
In this article, we invite you to discover five of these poland whatsapp number data performance indicators that capture specific data points relat to your revenue in your hotel.
We will focus on how to calculate these revenues with simple formulas and the more global impact of these formulas on the financial performance of your hotel.
Here are the key performance indicators you will cover:
Average daily rate
Occupancy rate
Average revenue per available room
Revenue per available seat hour
Total revenue per available room
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Average daily rate (ADR)
Hotel rates vary, and room prices often vary bas on the size, views, or capacity of the property.
Hoteliers use the average daily rate, a revenue cell p data calculation formula that determines the average revenue generat by any room type on a given day.
How to calculate the average daily rate?
To calculate the APR, simply take the total room revenue for a. Tgiven day and divide it by the number of rooms paid for.