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
Moreover, 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.
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.
Compare your business performance with peers.
Identify business trends in the industry.
Find opportunities and improvements for your business.