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Key performance metrics for hotels and how to calculate them
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To thrive in an unpredictable business environment is no mean feat. The dynamic nature of things makes it imperative for entrepreneurs to keep a constant check on their performance and to measure themselves against well-established indicators of success. So, whether it is assessing yourself through a RevPAR formula or scoring yourself as an ADR hotel, you may have often wondered if these are enough and what those key performance metrics are that you must weigh your business on. To unburden you of your worries, we have put together a list of those important parameters you must adopt to quantify your success accurately. Include these hotel industry KPIs today and see a definite growth.
Online Gaming Revenues Set Records, Physical Casinos Continue to Lag Due to Restrictions
This content was produced in partnership with Gambler.Media.
While online gaming and sports betting in New Jersey continues to break records with every turn of the calendar, the same, obviously, can not be said for the physical casino sites, due to ongoing COVID-19 restrictions.
For three months (April, May, and June), there was zero gaming allowed in Atlantic City. But the following three months, making up the third fiscal quarter of the year, saw a return to gaming at the oceanside resort. The numbers were not unexpected: based upon filings made with the Division of Gaming Enforcement (Division), the casino licensees reported 3rd quarter 2020 Net Revenue of $629.3 million reflecting a 32.3% decrease and Gross Operating Profit decreased 37.2% to $150.5 million.