Automated Revenue Management System

Average Daily Rate (ADR) is a type of metric that is widely used in the hostel industries to indicate the average revenue earned from an occupied room on a given day. Using an effective RMS can help you to understand how to calculate the average room rate and provide the best strategies to increase the occupancy rate in the hotel. Understanding ADR- Average Daily Rate The ADR signifies how much revenue is made on an average. The higher the ADR, the better the occupancy rate. It shows that a hotel is getting a profit by renting out its rooms. In order to increase the ADR, hotels need to use revenue management systems that can effectively boost the price per room. There are a few methods of measuring ADR. It can be measured by going through the trends such as seasonal impact, booking patterns, etc. ADR can be used to measure relative performance as it is a metric that can be compared to other hotels which have similar features such as size, location, customers, etc. Formula to calculate ...

There is no magic solution to increase hotel revenue . But many of the tactics listed below can be implemented in tandem to boost hotel revenue and lessen the impact of the previous 18 months. Some tips to increase hotel revenue:- Give a memorable food and beverage experience to guests You have a formal restaurant, a relaxed pub, or a snack bar nearby (or all three!). It's time to increase their revenue creation right now. Opportunities include including a voucher for onsite eateries in group confirmation emails and providing less expensive specials outside of the periods when business is often busiest, like the downtime between lunch and supper or the last few hours before closing. Ask bartenders to pitch customised drinks with names that correspond to the next professional event or occasion. Don't forget to include eye-catching, visible signage that list the contents. Similarly, the head baker or pastry chef can make specialised cakes or cookies that are frosted with a patter...