Analyzing Recovery: Total Room Inventory Vs. STR Standard Methodology
Analyzing Recovery: Total Room Inventory Vs. STR Standard Methodology share this article 1 min Occupancy has long been one of the key hotel performance metrics measured by STR. Reported on both a monthly and weekly basis, occupancy is easily calculated by dividing rooms sold (demand) by rooms available (supply), providing a straightforward representation of the percentage of rooms occupied during a given time period. Advertisements However, even this traditional metric has not escaped the impacts of COVID-19. Voluntary and mandated hotel closures caused a fundamental shift i...
Source: hospitalitynet.org