Have you ever thought of the downsides to not focusing on potential?
Which hotel KPIs approach is superior - The Operator or The Asset Manager role?
How does focusing on potential actually deliver better revenue and profit?
Because, it is about managing the investment to meet the specific goals of the owner.
I will lay out a strong case why most often potential eclipses performance.
More importantly, your hotel owners are more focused on potential rather performance.Let’s Dive right in.
Hotel Occupancy Rate - 25 Financial Terms Beginner Hotel Managers Must Know is about the KPI that can be considered the valve of the revenue oxygen tank of a hotel.
This video shows the importance of the hotel occupancy rate in the revenue generation process, how to calculate hotel occupancy rate, where to find the KPI in the hotel financial statements, difference between paid and total occupancy rate and more.Visit https://profitsmasterclassblog.com/for more details.
The How to Read a Profit and Loss Statement podcast takes a unique look at how to understand key triggers to Key Performance Indicators (KPIs). It suggests a Big Picture Overview first and then a drill down approach to analysis and interpretation. Along the way, the podcast shares some tips to avoid critical errors in reading this important financial statement. This podcast is part of the Mastering Hotel Financial Statements for Successful Decision Making Course written exclusively for hotel operations managers available at www.profitsmasterclassblog.com (currently, for a limited time, at a special 40% OFF)..