Hotel effectiveness

Hospitality’s most powerful technology solutions join forces to offer hoteliers a single source for operational efficiency, labor management, profitability maximization and enhanced guest satisfaction.‍Tampa, FL — June 28, 2022 — ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, today announces the launch of Actabl, the industry’s first and only integrated hotel operations, business intelligence and labor management solution. In addition, they are announcing the recent acquisition of Hotel Effectiveness, the software industry leader for hotel labor optimization, to the new platform. Actabl is bringing together the full scope of advanced capabilities by ProfitSword, Hotel Effectiveness, ALICE and Transcendent to deliver a unified, modular SaaS-based platform that integrates the vast resources of each brand. The Actabl team boasts more than 250 global employees, over 1,000 years of combined hospitality experience, and more than 10,000 properties served.Actabl’s integrations, operations and labor management tools, and business intelligence solutions combine to create a cohesive platform that better serves hotel management teams. Hoteliers will benefit from a feedback loop that creates a living playbook for addressing a wide range of hotel business and operational needs. Actabl’s comprehensive suite of industry-leading technology solutions includes:ProfitSword by Actabl – For hoteliers seeking detailed insight into business performance, the ProfitSword by Actabl business intelligence solution provides both an accurate and real-time representation of organizational health, allowing hoteliers to make informed yet swift decisions. Powered by advanced AI, ProfitSword is the advanced BI tool today’s hoteliers need to uncover opportunities or risks to organizational growth.Hotel Effectiveness by Actabl – Using this comprehensive yet easy-to-use solution, hospitality professionals improve operating profit margins, eliminate labor waste and maximize team productivity. Hotel Effectiveness by Actabl is an award-winning labor management platform that offers immediate ways to address staffing volatility and fluctuating guest demand, so that hotel management companies can maximize profits.ALICE by Actabl – As the leading hospitality operations management suite, ALICE by Actabl provides hotel staff with the most advanced and broad set of tools across front of house, housekeeping and service delivery for maintaining maximum task efficiency and swift guest request response times.Transcendent by Actabl – Representing the industry’s leading enterprise management software, Transcendent by Actabl ensures that today’s hotel teams can do more with less, while minimizing labor costs and increasing the longevity of property assets. Hotel Effectiveness, backed by Growth Street Partners, was acquired by ASG in May 2022, marking the 4th acquisition for the Actabl brand and the 46th overall. “The focus for leaders of hotel management companies in the years ahead will be finding ways to maximize profitability, optimize labor and grow their businesses,” said Mike Martin, Co-Founder and CEO of Hotel Effectiveness. “Hotel Effectiveness coming together with Actabl opens tremendous opportunities for our teams to grow personally, and for us to do more for our customers. I’m excited to see the insights and powerful operations tools that Actabl provides the industry going forward.” Vista Point Advisors served as the exclusive financial advisor to Hotel Effectiveness.Actabl's suite of advanced solutions provides

1. Understanding Revenue Per Available RoomRevenue Per Available Room (RevPAR) is a key metric used in the hotel industry to measure the financial performance of a hotel. It provides valuable insights into the revenue generated by each available room in a hotel. Understanding RevPAR is crucial for hotel owners and managers as it helps them evaluate the effectiveness of their pricing strategies, identify areas for improvement, and make informed decisions to increase their hotel revenue.From the perspective of hotel owners, RevPAR serves as an indicator of how well their hotel is performing financially. By calculating RevPAR, hotel owners can assess the average revenue generated per available room over a specific period. This information allows them to gauge the overall profitability of their hotel and compare it to industry benchmarks. For example, if a hotel's RevPAR is higher than the average RevPAR of its competitors, it indicates that the hotel is performing well financially.From the perspective of hotel managers, RevPAR provides insights into the effectiveness of their pricing strategies. By analyzing RevPAR trends, managers can identify periods of high demand and adjust their room rates accordingly to maximize revenue. For instance, during peak seasons or special events, managers can increase room rates to capitalize on the increased demand and optimize RevPAR. 2. Importance of Calculating Revenue Per Available RoomCalculating Revenue Per Available Room (RevPAR) is a crucial metric for hotels to assess their financial performance and make informed decisions to increase revenue. This metric helps hoteliers understand the revenue generated from each available room, taking into account both occupancy rates and average daily rates.From the hotel's perspective, RevPAR provides valuable insights into the effectiveness of their pricing strategies and overall revenue management. By calculating RevPAR, hoteliers can evaluate the success of their room pricing, promotional campaigns, and revenue optimization efforts.From a financial standpoint, RevPAR is a key indicator of a hotel's profitability. It allows hotel owners and investors to assess the financial health of their property and compare it to industry benchmarks. A higher RevPAR indicates better revenue generation and potentially higher profits.To calculate RevPAR, you need two essential components: the total revenue generated from room sales and the total number of available rooms. By dividing the total revenue by the number of available rooms, you can obtain the RevPAR figure.Here is a step-by-step guide to calculating RevPAR:1. Determine the total revenue generated from room sales during a specific period. This includes revenue from room rates, additional services, and amenities.2. Count the total number of available rooms during the same period. This includes all rooms that are ready for occupancy, regardless of whether they were actually occupied.3. Divide the total revenue by the number of available rooms to obtain the RevPAR

IntroductionIn the dynamic world of hotel management, data is king. It carries the power to unlock insights, guide strategic decision-making, and enhance operational efficiency. For hoteliers, mastering the art of generating comprehensive and insightful reports through a Property Management System (PMS) is indispensable. A PMS doesn’t just manage reservations or front-desk operations; it acts as a treasure trove of valuable data, encapsulating various aspects of hotel operations from guest bookings to revenue generation. This article guides you through the process of generating robust hotel reports using a PMS, enabling you to harness the full potential of your data to drive strategic decision-making and optimize performance.The Significance of Hotel Reports in PMSHotel reports are integral in translating raw data into actionable insights. They offer a structured analysis of various operational areas such as sales, revenue, occupancy rates, guest preferences, and more. These reports allow hoteliers to gauge performance, analyze trends, make informed decisions, and strategize for future growth. In essence, a PMS’s reporting capability is a powerful tool that fosters informed decision-making, strategic planning, and continuous improvement.Types of Hotel Reports Generated by a PMSA multitude of reports can be generated through a PMS, each catering to different facets of hotel management. Some essential reports include:1. Occupancy Reports: Provide insights into room occupancy rates, enabling hotels to optimize pricing strategies and improve room management.2. Revenue Reports: Detail the hotel's earnings, helping in analyzing profitability and financial health.3. Sales and Marketing Reports: Offer valuable data on sales performances and marketing campaign effectiveness, facilitating

If you manage a hotel, hotel chain or boutique accommodation, we don’t need to tell you it’s a competitive industry - you already know! We take our hats off to you. Naturally, being a hotel owner or manager, your primary goals are increasing your booking and reservation rates, enhancing your revenue and providing nothing less than a stellar experience for your guests. It all sounds simple enough, and may appear that way externally. Behind the scenes, however, meeting these key objectives requires staying on top of multiple moving parts: internal staff and housekeeping operations, stock management, booking rate management across channels, incoming guest reservations, messaging, marketing and online visibility, and revenue tracking and reporting. A hotel management system is the all-in-one efficiency solution that helps you gain - and maintain - control over these key areas. ‍What is “cloud-based” hotel software?‍In a nutshell, cloud-based hotel software is hotel management software that is hosted in the cloud instead of on a local, fixed hardware server or a computer. This allows you to log in and access it from anywhere via the internet.Compared to traditional “on-premises” hotel software, some of the primary benefits of cloud-based hotel software include:Accessibility - As mentioned, hotel management software hosted in the cloud is accessible anywhere at any time via the internet, enabling you and your teams to manage your operations from any location, not only your hotel premises.Security - Cloud-based hotel management software is protected by robust data encryption and security measures, preventing data hacks or leaks from happening. All data is stored in remote secure data centres that have backups and recovery processes in place at all times. Data hosted on premises, however, is more vulnerable as your data could be compromised if your hardware equipment is damaged or stolen on-site.Real-time updates - Hotel software that is cloud-based benefits from receiving ongoing updates and improvements in the form of new and better features. These updates are rolled out automatically and are generally included in the subscription fee. However, with on-premises software, you’ll likely need to purchase or pay for any upgrades or improvements.Visibility - Cloud-based hotel management software constantly updates every time data is put in, removed, amended or extracted. These changes reflect across the platform to every user, improving visibility, so your team will always be viewing and working with the latest data and information.Cost-effectiveness - Say goodbye to costly, upfront hardware and infrastructure

Cafe and Restaurant Floor Plan solution is easy-to-use cafe floor plan design software, which helps effectively develop Cafe designs, Cafe and Restaurant floor plans and layouts of any complexity. Mini Hotel Floor Plan. Floor Plan Examples Сonstruction of a hotel complex or a small hotel requires a separate approach to the layout of the building and its premises. It is important to consider not only the internal layout of rooms, corridors, lobby, and even service and utility rooms. Therefore, the hotel project is developed with focusing on the needs of future guests and with obligatory accounting the convenience of maintenance by personnel.The Basic Floor Plans solution and Floor Plans solution from the Building Plans area of ConceptDraw Solution Park include a lot of Hotel floor plan samples, examples, templates and vector stencils libraries with enormous quantity of ready-to-use symbols of interior design elements, as well as furniture and equipment for designing the floor plans for the hotels of different size and style, for economy and limited service hotels, bed and breakfast hotels, mini hotels, for drawing the space layout plans for medium-sized hotels and large hotel complexes, and many other plans, designs and layouts using the tools of ConceptDraw DIAGRAM diagramming and vector drawing software. Office Layout Plans Office layouts and office plans are a special category of building plans and are often an obligatory requirement for precise and correct construction, design and exploitation office premises and business buildings. Designers and architects strive to make office plans and office floor plans simple and accurate, but at the same time unique, elegant, creative, and even extraordinary to easily increase the effectiveness of the work while attracting a large number of clients. The vector stencils library "Windows and doors" contains 18 window and door shapes. Use it for drawing your basic floor

Online Booking System IntegrationSimplified Booking ProcessReduced Booking AbandonmentEnhanced Guest ConvenienceIncreased Direct BookingsLower Operational CostsReal-Time Availability UpdatesImproved Data ManagementEnhanced PersonalizationIncreasing Hotel Revenue and Reducing Dependency on OTAsBy facilitating direct bookings, hotels can increase their revenue by avoiding commission fees charged by online travel agencies (OTAs). Online booking systems also allow hotels to offer special rates, packages, and promotions directly to guests, further incentivizing direct bookings and enhancing revenue opportunities.Streamlining Hotel Operations and ManagementOnline booking systems integrate with hotel management software, automating the reservation process and reducing the likelihood of overbookings or errors. This integration streamlines operations, allowing hotel staff to focus on delivering exceptional guest services rather than managing reservation logistics. The system’s real-time availability updates ensure efficient room management and occupancy optimization.Enhancing Marketing Efforts with Targeted PromotionsThe data collected through online booking systems enables hotels to design targeted marketing campaigns, offering promotions and packages based on guests’ booking behaviors and preferences. This targeted approach can increase the effectiveness of marketing efforts, attracting new guests and encouraging loyalty among existing ones.Benefits Of Hiring A Hotel Marketing AgencyThe hospitality industry is very competitive with travelers visiting a total of 38 websites before making a hotel booking. The reason for this is because instead of a product that you are selling, you are marketing an experience that consumers will feel when they book your hotel. To make your structure stand out and increase the number of website hits and bookings, hiring a marketing agency is an essential move.Here are the many different benefits of hiring a hotel marketing agency:Benefits of Hiring a Hotel Marketing AgencyKnowledge and expertiseSpecialized agencies offer industry expertiseCost-effectiveOutsourcing marketing tasks saves expensesDifferent perspectiveExternal input brings fresh digital ideasAssistance from start to finishAgencies aid in planning, execution, monitoringHelp with changesAdapt marketing strategies to reflect changesCapitalize on digital presenceUtilize SEO, PPC, content marketing, optimizationManage reputationCurate guest experiences for positive reviewsKnowledge and expertiseA hotel marketing agency will be able to apply their specialized knowledge and expertise to implement the best marketing strategy for your hotel. They are deemed to be industry experts who are knowledgeable about the different trends and marketing strategies that work.This specific type of agency is highly-specialized which means that they are also well-versed with the different challenges that the hospitality industry is facing. They will help you come up with solutions to counter these challenges and boost your brand’s strength to attract more customers. Cost-effectiveThere are business owners who