Hotel market penetration

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Market Penetration Index

Independent Hotels Share Strategies to Increase Market Share - Hotelier Magazine

The hospitality industry is one of the most comprehensive and detailed when it comes to analytics and its key performance indicators KPIs. By measuring every aspect of its revenue streams, these KPIs can really reveal important information about the health of a property and help revenue managers make better decisions about how to better improve the profitability of the hotel. This convenient cheat sheet begins with the most common terms and gets more specific toward the end. Occupancy OCC This is the percentage that shows how many of your available rooms were sold for any given period. It is calculated by dividing the number of rooms sold by total number of rooms available and it could be applied to any specific period of time you want to analyze: daily, weekly, monthly, or yearly. It represents the simple average of all rates guests paid for one night of their stay on any given night.
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Hotel industry

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In this age of brand proliferation, independent operators struggle to capture market share. Independents checked in at This year, independents are forecast to increase occupancy to
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