RevPAR (revenue per available room) is the master metric.
Travel is a capacity business — you have a fixed number of rooms/seats, and you're trying to maximize revenue and minimize empty space. You'll learn RevPAR (total revenue divided by available rooms — this drives profitability), occupancy rate (% of rooms booked), and average daily rate (ADR). You'll understand dynamic pricing (charge more when demand is high, less in the off-season), and how to forecast and cash-flow plan through seasonal swings.
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Article from AskBiz Academy
Follow this learning path to master travel & tourism: maximize occupancy & price.
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