How to measure your efficiency?
How can you measure the results of your revenue management strategy? Which KPI’s or Key Performance Indicators should you use?
Here are some key performance indicators to measure the results of your hotel revenue management strategy:
REVPAR - Room Revenue per available Room
TREVPAR - Total Revenue per available Room
TREVPEC - Total Revenue per Client
GOPPAR - Gross Operating Profit per available rooms
REVPAM - Conference and Banqueting Revenue per available Square Meters
REVPASH - Food Beverage Revenue per available seats and hour (per FB outlet)
Do you measure REVPAR, GOPPAR, and all above ratios (past results and future on the books) on a daily basis?