What is supply in terms of the hotel industry?
What is supply in terms of the hotel industry? We also outline the various stages of the hotel pipeline, which is ever so important in investment decisions. Hotel Supply = The number of rooms in a hotel or geographic area multiplied by the number of days in a specified time period. Census supply = Supply derived from the number of rooms in STR's Census Database.
Why is supply important in the hospitality industry?
Reduced Costs: Proper supply chain management can help reduce costs for the hotel. When inbound and outbound logistics in the hospitality industry are handled efficiently, it can save the hotel a lot of money. Improved Employee Morale: When employees are happy with their jobs, they are more likely to stick around.