Leadership, Finance: How to improve financial performance: Moving beyond RevPar

Discover why relying solely on RevPAR is a thing of the past and unlock the power of a multifaceted approach to optimizing your hotel's profitability.

5 Lessons
18 minutes
Beginner
English
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Instructor

Hosdu Hospitality Education
Empowering your hospitality business with the innovative Hospitality Training Framework, Best Online Hospitality Training, Virtual Reality training sessions and Powerful Learning Management System

Curriculum for this course

Introduction
3 minutes
The Problems with RevPAR
4 minutes
What are the stronger hotel metrics to use?
5 minutes
How to Use Metrics to Fuel a Hotel Performance Strategy?
4 minutes
Test your knowledge!
0 sec

Description

Welcome to this enlightening short course that aims to expand your understanding beyond the narrow confines of RevPAR (Revenue per Available Room). While RevPAR has long been a cornerstone metric in the hotel industry, this course will empower you to recognize its limitations and explore a broader spectrum of metrics and perspectives that are crucial for a comprehensive and accurate assessment of your hotel's financial performance. By delving into these insights, you'll gain the knowledge nee

Welcome to this enlightening short course that aims to expand your understanding beyond the narrow confines of RevPAR (Revenue per Available Room). While RevPAR has long been a cornerstone metric in the hotel industry, this course will empower you to recognize its limitations and explore a broader spectrum of metrics and perspectives that are crucial for a comprehensive and accurate assessment of your hotel's financial performance. By delving into these insights, you'll gain the knowledge needed to make more informed decisions and drive higher profits in today's complex and competitive hospitality landscape.

What you will learn

Revenue Management
Finances
Hotel Performance Metrics