Hotel Performance
Hotel Performance :
What you use to develop knowledge about the hospitality industry?
Storytelling can create unique events and has the power to inspire guests emotionally and retain them. Storytelling is the hospitality skill of the future.
besides data analytics, organizations can optimize prices based on market demand. For example, by correlating seasonal trends with market data
By analyzing financial data, businesses can identify areas where they can reduce costs or increase revenue
In addition Hotels can analyze market data, demand forecasts, and competitor pricing to optimize their pricing strategies. By identifying pricing gaps and
Predictive analytics empowers hotels to make data-driven decisions in revenue management and labor management. By accurately forecasting demand
Moreover Hotel Booking Insights Data Analytics Project – Tutorial!
Calculate the year-over-year changes in revenue for both hotels, dividing revenue streams by season. .. analysis on Seasonal revenue
What do KPI dashboards include?
Every analytics platform is different, but typically modern KPI dashboards can make use of a wide range of different data visualizations and KPI categories, including conversion rate, revenue growth, churn rate, budget threshold, net profit, share-of-voice (SoV), etc.
Metrics such as the revenue per available room (RevPAR), the average daily rate (ADR) or the average occupancy rate (OCC) can be used to measure sales performance. The market penetration index (MPI) and the revenue generated index (RGI) can help evaluate how a hotel is performing on the market.
One of the most important KPIs for hotel managers is revenue per available room, or RevPAR. This metric takes into account the average daily rate of a room (ADR) and the occupancy rate to give you an idea of how much money your hotel is making per day
An informational and resourceful page for all hoteliers
Hotel Performance Simple Dashboard
No calculation just adding ADR, Occupancy, RevPAR, Properties, and Arrival Dates, and dashboard is created
other projects on Tableau Public