The Ultimate Guide to TRevPAR for Hotels: Maximizing Revenue Beyond Room Rates
The Ultimate Guide to TRevPAR for Hotels: Maximizing Revenue Beyond Room Rates
Traditional metrics like RevPAR focus solely on room revenue, leaving out the full picture of a hotel’s earning potential. Enter TRevPAR (Total Revenue per Available Room) and TRevPAB (Total Revenue per Available Bed), which capture all guest spending — from dining to spa services and beyond. These metrics provide a comprehensive view of total revenue, helping hotels identify new opportunities for growth and profitability. In this blog, we’ll explore how TRevPAR and TRevPAB work, why they matter, and how they can revolutionize your revenue strategy.
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Mastering Hotel Group Sales: From Basics to Best Practices
Mastering Hotel Group Sales: From Basics to Best Practices
Group sales are about booking large blocks of rooms for events like weddings, conferences, or sports teams. They bring consistent revenue, fill multiple rooms at once, and often include extras like event space and catering. This combination boosts your income and streamlines operations. Here’s a clear breakdown of why group sales matter and how to manage them effectively.
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Is Your Hotel’s Tech Stack Holding You Back? 10 Signs It Might Be Time for an Upgrade
Is Your Hotel’s Tech Stack Holding You Back? 10 Signs It Might Be Time for an Upgrade
Technology should make things easier, not harder. Outdated systems can feel like anchors holding you back. So, how do you know if your tech stack needs an overhaul? Let’s go through the signs, one by one, and see if it’s time to make a change.
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Unlocking Pricing: How to Price Your Hotel Rooms
Unlocking Pricing: How to Price Your Hotel Rooms
Pricing a hotel room is like solving a puzzle — it’s about finding the right balance between what the guest values and what helps the hotel stay profitable. Let’s break it down and make sense of it all.
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Hotel Email Marketing Tips
Hotel Email Marketing Tips
Engage guests with top hotel email marketing tips!
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How to Build a Successful Hotel Loyalty Program
How to Build a Successful Hotel Loyalty Program
Considering a hotel loyalty program? Discover how the right strategies and rewards can boost repeat business, increase revenue, and keep guests coming back for more.
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Everything You Need To Know About GOPPAR
Everything You Need To Know About GOPPAR
GOPPAR, or Gross Operating Profit per Available Room, goes beyond revenue metrics like RevPAR to measure actual profitability. Our in-depth guide explains what GOPPAR is, how to calculate it, and why it’s essential for hotel financial health. Learn practical ways to boost GOPPAR and transform your hotel's bottom line with actionable tips and examples.
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Introducing the Event Temple Services Marketplace
Introducing the Event Temple Services Marketplace
Finding reliable service providers isn’t always easy. We are here to change that.
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The Ultimate Hotel Room Block Checklist [Expert Tips for Event Planning]
The Ultimate Hotel Room Block Checklist [Expert Tips for Event Planning]
Planning an event? Discover the ultimate hotel room block checklist to ensure your guests have a smooth booking experience. Get expert tips on securing the best rates, perks, and managing last-minute changes
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