Key Risk Indicators (KRI) for Hotel Management Indicators
KRI (Key Risk Indicators) allows BI professionals from the Estate area
measure and control business risks.
KRI for Estate business niche
The KRI for Hotel Management Indicators may address such indicators as:
- financial perspective
- wage costs as a % of total sales
- annual operating profit per room
- food cost as a % of food sales
- % increase in labor costs
- customer perspective
- number of positive feedbacks
- number of complaints received
- response rate
- frequent customers as a % of total customers
- efficiency
- % of room booked through reservation channels
- internet bookings
- room occupancy
- rate of sales inquiry conversion
- average length of stay
- staff perspective
- staff turnover
- technological competence of staff
- average length of employment
- number of training sessions
Why BI and risk specialists from the Estate should KRI toolkit and indicators?
Key Risk indicators allows to estimate and control business risks..
Try the KRI Toolkit from Estate Evaluation you will learn how to:
- build and use KRI;
- KRI: do-s and don’ts
- you'll have ready to use KRI template;
- you'll learn about practical application of KRI;
- toolkit includes KRI vs. KPI and Balanced Scorecard;
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