by Ray Hader | May 1, 2023
Net Revenue Per Available Room (NRevPAR) is a comparison metric similar to RevPAR, but whereas RevPAR looks only at a property’s room revenue, NRevPAR takes into account all net revenues for a hotel or property. Looking at net revenue, moreover, means that NRevPAR...
by Ray Hader | May 1, 2023
Occupancy rate is a hotel KPI that measures the number of rooms occupied in a hotel at a given time, and compares that to the total number of rooms available on the property. It is displayed as a percentage. Occupancy rate highlights how much of the available space in...
by Ray Hader | Oct 10, 2023
Occupancy rate refers to the ratio of rented or leased units to the total number of units within a property or multifamily building. Occupancy rate is a vital metric for property owners and managers to gauge the utilization and profitability of their real estate...
by Ray Hader | Oct 31, 2023
An operating budget is a financial plan that outlines the anticipated income and expenses associated with the operation and maintenance of a real estate property over a specific period, typically a fiscal year. This budget serves as a comprehensive financial roadmap,...
by Ray Hader | May 1, 2023
Operating Profit Ratio is a hotel KPI that measures the relationship between operating profit earned and the net revenue generated by a property which is also labeled net sales. Net sales should include both cash and credit sales. Operating profit should be accounted...
