Finance & Accounting

What Is MAPE? A hotelier’s guide to forecast accuracy

What Is MAPE? A hotelier’s guide to forecast accuracy

As a hotelier, you’ll know the frustration: you build a forecast you trust only to see actual results veer wildly off course.

Jonathan Gough

Content Team Lead at Lighthouse

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Revenue Management

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Finance & Accounting

What Is MAPE? A hotelier’s guide to forecast accuracy

Market Penetration Index: Using MPI for hotel benchmarking

A busy hotelier has just wrapped up their best August ever - traditionally it has always been a strong month, but this year it’s been non-stop action. Multiple sell-outs, countless rooms turned, and after closing the books, the overworked team is re...

Daniel Foreman

Commercial Strategist at Lighthouse

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Finance & Accounting

Lighthouse

What is TRevPAR? Total Revenue Per Available Room explained

What is TRevPAR? Total Revenue Per Available Room explained

As a revenue manager, if you focus solely on room income, you risk overlooking valuable contributions from other parts of the property that can significantly boost your bottom line, such as F&B, spa services and paid add-ons.

Jonathan Gough

Content Team Lead at Lighthouse

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Revenue Management

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Finance & Accounting

What is TRevPAR? Total Revenue Per Available Room explained

What is GOPPAR? How can it benefit your hotels?

One of the hospitality industry’s key bottom-line metrics, gross operating profit per available room measures the relationship between hotel revenues and expenses. In general, the better you understand GOPPAR, the better you will be at turning reven...

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Revenue Management

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Finance & Accounting

STR

Hotel price monitoring: How to track hotel prices

Hotel price monitoring is a crucial practice that involves tracking the prices of hotel rooms, both within your own portfolio and across competitors. This data-driven approach enables you to make informed pricing decisions, ensuring you remain compe...

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Revenue Management

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Finance & Accounting

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SiteMinder

Hotel metrics: How to measure performance in the hotel industry

Hotel metrics, often referred to as key performance indicators (KPIs), are essential data points that hoteliers use to measure the performance and success of their establishment.

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Revenue Management

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Finance & Accounting

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Markets & Performance

SiteMinder

Guide to hotel fees and surcharges for hotels

Hotel fees encompass a range of extra charges guests may pay for amenities and services. However, they are more than just additional charges on a guest’s bill. They can also be strategic revenue boosters that can significantly elevate your hotel’s p...

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Revenue Management

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Finance & Accounting

SiteMinder

Hotel budget: Steps in the budgeting process for hotels

Hotel budget: Steps in the budgeting process for hotels

A hotel budget is a financial plan that outlines the projected income and expenditures for a specific period, usually one fiscal year. It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sal...

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Revenue Management

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Finance & Accounting

Hotel budget: Steps in the budgeting process for hotels

Hotel costs: How to reduce expenses and boost revenue

Hotel costs: How to reduce expenses and boost revenue

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business.

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Revenue Management

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Finance & Accounting

Hotel costs: How to reduce expenses and boost revenue