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Tips by Category Our Expert Panel Free Resources Events Expert Partners Revenue Management Guide: Calculating Costs & Quality Analysis Previous Next View Larger Image As a hotelier, you know many factors go into your room rates. Three of those factors are your costs, current demand, and your hotel’s online visibility. Revenue management is the science of assessing these and other factors and raising your profitability year after year. This article offers a guide to analyzing your costs and improving your analysis with the goal to boost your hotel’s profitability. Quick Menu: What Kinds of Hotel Costs Do You Take Into Account When Pricing Rooms? What Is Revenue Management? Common Misconceptions Consider Your Fixed Costs What About Those Variable Costs? CostPAR vs RevPAR CostPAR vs. Bottom Rate Variable Costs vs. Bottom Rate CostPAR, RevPAR, ADR, and The Hotel’s Online Reputation A Long-Sighted and Holistic View of Performances Bottom Rate vs Rack Rate What Kinds of Hotel...
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