Our News
See all the news and announcements of our company regarding our services and projects.
news ~ announcements
06 / 02 / 2023
Break-Even Analysis: Definition and why it is a must for 2023.
In view of the 2023 season, with inflation soaring, energy prices and interest rates at all-time highs, and the labor issue troubling hoteliers worldwide, it is a must for an owner, general manager, or revenue manager to know their hotel's break-even point. In other words, what is the occupancy and average rate the hotel needs to achieve to reach the "profitability threshold"?
In the following article, you will learn the definitions of Break-Even Analysis, how it is calculated in the case of a hotel, and how to apply it to your own hotel's revenue management strategy.
READ MORE31 / 01 / 2023
RevPAR vs ADR: What's the difference?
Understanding the difference between RevPAR and ADR is key to better analyzing the Key Performance Indicators of a hotel, also known as KPIs. These two KPIs are important performance indicators that can help hoteliers make data-driven decisions to optimize revenue management strategies.
While RevPAR and ADR are similar, they are used in different ways. RevPAR, which stands for "revenue per available room," shows how successful your hotel has been in filling its rooms, while ADR shows how successful your hotel has been in maximizing room rates.
In this article, we will go into detail on what these two metrics are and how they are used.
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23 / 12 / 2022
Panel Hospitality - Property Management
Panel Hospitality - Property Management is the new division of the company specializing in bnb and short-term rental property management. We work with owners of apartments, holiday homes, and villas with one common goal: Long-term value creation. We leverage our collective experience and expertise of over 20 years in the demanding field of hotel management to deliver simple and effective solutions to property owners seeking maximum performance.
READ MORE13 / 12 / 2022
How different is the hospitality industry in Greece?
This week we would like to introduce to you a young and pragmatic entrepreneur – Panagiotis Noulas. After completing two internships in Berlin and Cape Town, Panos graduated in 2018 in Amsterdam. Followed by the completion of his studies, this Greek alumnus chose to complete the mandatory military training which is required by his country.
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