Overview

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The Unit Groupings By Unit Type is an insightful analytical tool that allows property managers to compare the performance of units based on their type (house, condo, apartment, etc.). This grouping provides valuable insights into how different unit types impact key metrics and revenue generation. By understanding these differences, you can make more informed decisions regarding pricing, marketing, and inventory management.

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Customization Options

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The Unit Groupings Leaderboard By Unit Type offers several customization options to tailor the view according to your specific needs:

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1. Select KPIs: Choose the Key Performance Indicators (KPIs) that are most relevant to your analysis. Common KPIs include Adjusted Paid Occupancy, Average Daily Rate (ADR), Total Revenue, and more.

2. Customize the Time Period: Customize the time period for your analysis. This allows you to view performance data for specific dates, whether for a particular season, month, or week.

3. Filter Down: Drill down to look at specific markets, bedroom counts, sleep counts, amenities, etc.

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Key Performance Indicators (KPIs)

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KPIs in the Unit Groupings Leaderboard By Unit Type are essential for assessing the impact of different unit types on performance:

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Average Daily Rate (ADR): This metric indicates the average rental income per occupied unit per day, providing insights into pricing efficiency.

Total Revenue: This KPI measures the total income generated from units within each unit type group, highlighting revenue contributions.

Total Units: Provides context into the inventory counts contributing to each segment.

Adjusted RevPAR (Adj. RevPAR): Reflects a property’s revenue-generating capability, adjusted for various factors that affect room availability.

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Tips

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Regular Monitoring: Regularly review the leaderboard to stay updated on how different unit types are performing. This helps in making timely adjustments to pricing, marketing, and business development strategies.

Focus on High Performers: Use the insights from the leaderboard to identify high-performing unit types and allocate resources to maximize their potential.

Optimize Underperformers: Identify underperforming unit types and investigate potential reasons, such as pricing issues or marketing gaps, to improve their performance.

Share Findings with Your Team: Collaborate with your team by sharing insights from the leaderboard. This ensures everyone is aligned and can contribute to optimizing unit performance.

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By effectively utilizing the Unit Groupings Leaderboard By Unit Type, you can gain valuable insights into how different unit configurations impact key metrics and revenue generation. This will enable you to make more strategic decisions, optimize your inventory, and ultimately enhance your overall property performance.

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