What is property data? Property data, or real estate data, is used in a variety of ways within the real estate industry. Appraisers use this data to determine the market value of a given property, and insurers use it to better understand what they are insuring. In addition, homeowners or…
If you work in the travel or hospitality industry, you’ve likely heard the term revPAR. But is revPAR simply the latest buzzword? And how important is it, really? We’ll answer these questions and more in today’s article. What is RevPAR? Revenue Per Available Room, or RevPAR, is a key performance…
Pricing in the hospitality industry is more complicated than in any other industry. It seems like retail/ecommerce is always portrayed as the industry with the most competitive pricing, but hospitality has retail beat. In ecommerce, the main variables affecting prices are competitor prices and profit margin. But in hospitality, there…
Revenue management can make a huge difference in the revenue of a company in the hospitality industry. Putting effort into this area has the potential to significantly increase revenue. However, revenue management strategies require a lot of data and time, which can be a difficult investment. We’ll walk through the…
