What Is Hotel Revenue Management?
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What is hotel revenue management? And why is it important? #hotelier #revenuemanagement #hotelowner #hospitality #luxuryhotel
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RevPAR, ADR, occupancy - are familiar terms in hotel revenue management. But as the focus shifts from revenue to profit, it's important to also keep an eye on these three key metrics: 1. TRevPAR (Total Revenue per Available Room) 2. Net RevPAR (Net Revenue per Available Room) 3. GOPPAR (Gross Operating Profit per Available Room). Learn more about these three modern measures of effective revenue management, including what revenue management means today and the costs of neglecting it: https://bit.
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