The Indian hospitality sector continued to witness Year-on-Year (Y-o-Y) growth in performance in Q2 2023, primarily driven by the significant rise in Average Daily Rate (ADR) of 16.4% over Q2 2022 resulting in a RevPAR growth of 15.4%. The second quarter recorded a dip in occupancy levels due to the onset of the summer vacations…
Hospitality must “abandon dependence on RevPAR and occupancy metrics” to thrive
Beonprice – one of the world’s hotel revenue management providers – has set out on a mission to persuade the hospitality industry to “abandon the dependence on RevPAR and occupancy rates metrics” and adopt “total sustainable profitability” opportunities to thrive in a post-COVID world. To replace RevPAR and occupancy rates the hospitality industry should shift to…
