Remove Accommodation Remove Average Daily Rate Remove Cancellation
article thumbnail

Tryp.com: Expert guide for hotel owners

SiteMinder

Tryp.com is an online travel marketplace that bundles flights, accommodation and experiences into value-driven packages curated by AI. Because the platform curates packaged itineraries, cancellation volumes stay lower than on bargain-only flash-sale sites. Offer free date changes within a set window and clear cancellation terms.

article thumbnail

SiteMinder: Traveler confidence surges post-pandemic

Hotel Business

SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Travel 102
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why properties should consider midterm bookings this summer

SiteMinder

Table of contents Introduction from SiteMinder: The bleisure market and hotel booking trends Following the pandemic, the bleisure market changed from a growing niche to a mainstream source of bookings for accommodation providers. The good news is that they don’t discriminate when it comes to choosing their accommodation.

article thumbnail

SiteMinder’s Hotel Booking Trends: New analysis of 100 million reservations shows surge in global traveller confidence for 2023

SiteMinder

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

article thumbnail

Occupancy vs ADR, the never Ending Discussion in Revenue Management

Hotel Speak

What drives more value to the business, ADR, average daily rate, or occupancy? You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.

article thumbnail

Hotel investment: What is a good hotel ROI?

Little Hotelier

Unique B&B Signage Signage is your chance to advertise to passing guests who haven’t yet booked their accommodation for the night. How to evaluate hotel investment It’s tough for small accommodation providers. Dedicating a proportion of your budget towards signs will improve walk-in bookings and give your B&B brand a facelift.

ROI 98
article thumbnail

Occupancy vs ADR, the Never Ending Discussion in Revenue Management

Xotels

What drives more value to the business, ADR, average daily rate, or occupancy? You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.