Hotel Speak

JUNE 4, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? So what is it, Occupancy or Average Room Rate (ARR)? In a formula it is expressed as follows: Occupancy x ADR = RevPAR In the end, it is not about occupancy or ADR, average daily rate, but about how much money is made by the hotel.

Revenue Management 59

Revenue Management Occupancy Revenue Average Daily Rate 59

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Occupancy or ADR? So what is it, Occupancy or Average Room Rate (ARR)? In a formula it is expressed as follows: Occupancy x ADR = RevPAR In the end, it is not about occupancy or ADR, average daily rate, but about how much money is made by the hotel.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Management

MAY 10, 2023

Before an excellent lunch, delegates were buoyed by the unveiling of a new logo for Accommodation Australia. The amalgamation of Accommodation Association and Tourism Accommodation Australia (TAA) to form a united body is due to take place on July 1. Marriott’s Sean Hunt lamented the absence of a strong MICE sector.

Marketing 130

Marketing Market Branding Events 130

SiteMinder

OCTOBER 10, 2022

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

OCTOBER 5, 2023

Hotels which have spaces beyond accommodation rooms can optimise revenue and profits by creating and promoting a product offering that utilises those spaces. Learn more How to use the RevPAM formula to boost hotel revenue Looking at RevPAM formula will allow you to recognise where you can start to improve the use of spaces in your hotel.

Revenue Management 59

Revenue Management Revenue Hotels Events 59

Xotels

APRIL 3, 2024

Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time. Market Segmentation: The hotel market is intricately segmented, accommodating diverse customer groups, including groups and promotional segments.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52