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What Are the Most Important Accounting Metrics for My Hotel?

You cannot offer a great guest experience without understanding the key performance indicators (KPIs) that define your property’s financial viability. Tracking these KPIs empowers you to optimize operations, refine strategy, and protect long-term profitability that ensures you can keep serving guests for years to come.  Here are the most important accounting metrics to have in your back pocket.  Total Revenue Total revenue is calculated by adding income from all revenue streams together. It encompasses rooms, food and beverage, spa, parking, etc. and measures overall business health, accounting for every dollar spent across your property.   Occupancy Rate Occupancy rate is the…

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