Performance Benchmarking
With performance benchmarking, you compare your results to top-performing peers — either within your group or across the industry.
Consequently, you can celebrate what’s working, identify areas for improvement, and set effective targets for underperforming teams.
Track Trends and Identify Opportunities
Performance benchmarking enables you to measure KPIs against your own past results as well as those of peers—whether within your group, similar types of hotels or restaurants in your region, or by department. As a result, you clearly understand how a property—or your entire portfolio—compares across best, average, and below-average performers.
These insights help you pinpoint strengths, uncover hidden inefficiencies, and highlight opportunities for growth. Over time, you can track progress, validate the impact of strategic initiatives, and make more confident, data-driven decisions.
Empower Your Managers and Exceed Your Goals with Performance Benchmarking
Have you run out of ideas on how to improve results? With performance benchmarking, PMI provides in-app best-practice guidelines that promote continuous learning and improvement. In addition, you can draw on collective wisdom to inspire your team to discover innovative ways to do their jobs better.
As a result, managers gain the keys to succeed and become self-motivated to improve every day. They also learn how to set realistic goals, track progress against peers, and celebrate achievements that boost morale. Over time, this creates a culture of accountability and excellence where managers feel confident in driving both short-term wins and long-term success.
Compare your business performance with peers.
Identify business trends in the industry.
Find opportunities and improvements for your business.