Tag: hotel revenue management lesson
Building a competitive set for your rate shop
By admin No comments yet building a compset, choosing a compset, competitive set, hotel competitive set, hotel rate shop, hotel revenue, Hotel Revenue Management, hotel revenue management guide, hotel revenue management lesson, rate shop, rate shop comp set, rate shopping tool, Revenue Management, revenue management guide
An accurate, relevant rate shop is one of the most important tools that a revenue manager can have in their arsenal. In this blog we’ll share the best ways to set up your rate-shop competitive set! Here are some of the factors you should weigh when assembling a compset Proximity – How close are your competitors? As a
What is RevPAR anyway?
By admin No comments yet ADR, Hotel Revenue Management, hotel revenue management guide, hotel revenue management lesson, hotel revenue management terms, occupancy, revenue management guide, revenue management lesson, revenue management terms, revpar, RevPAR equation, what is revpar
RevPAR is the Hallmark index of hotel revenue management because it is all encompassing; RevPAR incorporates both occupancy and ADR into one, easily digestible number. The RevPAR, or Revenue Per Available Room equation is as follows: Room Revenue / Rooms Available for Sale = RevPAR or Occupancy % * ADR = RevPAR RevPAR is so useful because it
Hotel Revenue Management Lesson: Inventory Restrictions
By admin No comments yet hotel revenue management guide, hotel revenue management lesson, revenue management help, revenue management strategy, revenue management tips
Inventory Restrictions There are several different ways to restrict what kind of reservations you receive at your hotel. The most broad and indiscriminate is a property wide restriction or ‘House’ restriction. The most common are Minimum length of stay restrictions, Maximum Length of Stay, and ‘Close-to-Arrival’ restrictions, although there are other, more rarely used restrictions such as Closed to departure.
