ARLINGTON, Virginia– Knowland revealed that HRI Hospitality (HRIH) embraced Knowland’s Portfolio Capture following a screening duration. The item is an enhance to the Knowland platform and was developed to offer an extensive, unified view of conferences and occasions company efficiency throughout a whole portfolio.
At a time of pressure on hospitality ROI, hotel ownership and management groups must comprehend how a home adds to the portfolio’s total efficiency. Portfolio Capture enables roll-up reporting and benchmarking.
- Comparing portfolio residential or commercial properties: The platform enables property supervisors and ownership groups to benchmark residential or commercial properties in their portfolios versus each other, make financial investment choices, view competitive efficiency, and recognize sales chances.
- Standardized KPIs for each portfolio residential or commercial property relative to its competitive set and market: Portfolio residential or commercial properties can be compared versus competitive sets and running markets, offering context to present and previous efficiency.
Chad Goodnough, senior vice president, sales and marketing, HRIH, stated, “Using Portfolio Capture enables our group to see both private and portfolio information for the conference, group, and occasion market. Having access to the essential efficiency signs has actually increased performance and guaranteed the ideal selling methods, leading to a quantifiable favorable effect on hotel earnings and market share.”
Patricia Shea, vice president, sales and consumer success, Knowland, stated, “Portfolio supervisors require an easy, quick service to comprehend their relative market efficiency and the actions required to enhance ROI. We are enjoyed have HRI Hospitality be among the very first management business to experience this ingenious service while leveraging the power of information to get insight into their portfolio.”
