🎉 Welcome to Day 2 of the Revenue Management 101 Challenge 🎉
After setting the stage with foundational KPIs like Average Daily Rate (ADR), Occupancy, and Revenue Per Available Room (RevPAR) on Day 1, today we’re advancing our exploration into two more essential KPIs: Booking Window and Length of Stay (LOS).
📊 Booking Window: Ever wondered how far in advance your rooms are booked? Understanding your booking window is pivotal for strategically tweaking your prices to maximise revenue.
🏨 Length of Stay (LOS or Lentostay): Recognising the typical duration a room is booked for aids in optimising your calendar. Mismanaging this can either create gaps that you can’t fill or deter potential guests looking for shorter stays.
Whether you’re already well-versed in revenue management or are new to the game, today’s session promises insightful learnings for everyone involved in the accommodation sector.
Let’s continue to elevate our revenue management knowledge together. 🚀
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