STR Integration with Docyt

Docyt recently launched STR Integration for the Hospitality sector, a powerful new tool for managing and optimizing your business revenue.

Weekly STAR Reports or STR Reports are crucial for the hospitality industry. They are a benchmarking tool that compares your hotel's performance to similar hotels (competitors). STR is being integrated with Docyt, allowing Docyt to receive data based on specific metrics.

These reports include key metrics such as occupancy rates, average daily rate (ADR), revenue per available room (RevPAR), and supply and demand trends. Hotels use STR reports to benchmark their performance against competitors, identify market trends, and make informed business decisions to optimize their operations and improve profitability.

The Following metrics in the Docyt metrics area, as well as the business report, are:

1. Comp Set ADR

2. Comp Set RevPAR

3. Comp Set Occupancy %

4. Occupancy Rank

5. ADR Rank RevPAR Rank

6. Total Comp set

The data will be extracted from the files for different dates, and the above metrics will be updated with the same values.

- Docyt helps set up the STR integration with your business. Once setup is completed, the integration will be activated, and the data download will commence. All the STR  Files data will be parsed and updated in the Metrics within the “Metrics” section of the Business Reports module. 

This data will be visible in the Business Reports for Business Insights.