A full events diary doesn't guarantee a profitable one
Hoteliers and venue managers are urged to move beyond diary fullness as a performance metric, tracking utilisation rate, attendee density, RevPASM, and booking pace instead.
Hoteliers and venue managers are urged to move beyond diary fullness as a performance metric, tracking utilisation rate, attendee density, RevPASM, and booking pace instead.
Hotels lose revenue during 4-6 daily hours when rooms sit empty but operational costs continue, with daytime bookings offering 30-40% higher ancillary spend.