This episode features a special guest Pere Estela, the Global Ancillary Director from Iberostar and Oaky’s CEO & Co-founder Erik Tengen.
U.S. hotel TRevPAR highest on record in March
U.S. hotel total revenue per available room (TRevPAR) was the highest for any month on record, according to STR‘s March 2023 P&L data release.
Growing TRevPAR requires a single source of guest truth
Once you have unified guest profiles, you can then make very smart observations about your customers in terms of who spends more while on premises versus only treating your hotel as a ‘heads in beds’ property.
The top 10 hotel performance metrics
Here are the top 10 hotel metrics you should consider measuring at your property, how to calculate each value, and things you can do to improve performance.
Recent expense rise presents threat to hotel profit
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
Emerging revenue management KPIs you need to know
Given the largescale market disruption over the past two years, it is important that hotels set KPIs relative to competitor performance to measure their success relative to the market they operate within.
IDeaS Introduces Profit Optimisation for G3 RMS
Launched at HITEC, this news makes IDeaS the first RMS provider to offer a holistic approach to total profit optimization that automates all key business controls based on prioritizing profit.
How an integrated PMS helps to grow TRevPAR
Here’s a look at five PMS features you should use to boost TRevPAR and get a more holistic picture of sales and growth opportunities.
Using tech to reopen a profitable spa in 2021
Now is the time to investigate what inefficient and revenue-draining parts of your spa you can do without as you look to welcome guests back. This requires a reframing of the operation as a per-guest-optimized revenue stream instead of simply a volume business.
How hotels can measure their success in 2021
Revenue managers appear to be changing their view hotels’ KPIs, does that suggest a drastically different approach to revenue management in 2021?
