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SiteMinder’s Hotel Booking Trends

SiteMinder

You’ll discover: The top 12 booking channels for driving revenue Insights, advice and tips from industry experts Key trends on both a global level, and country-by-country An eye-opening analysis of how different markets compare to the global average for Average Booking Lead Time, Cancellation rates, Average Length of Stay, and Average Daily Rate (..)

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SiteMinder: Traveler confidence surges post-pandemic

Hotel Business

Travelers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travelers booked with more commitment to travel than the year prior.

Travel 102
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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It can be calculated by multiplying your average daily rate by your occupancy rate.

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

SiteMinder

Travellers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travellers booked with more commitment to travel than the year prior.

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Why properties should consider midterm bookings this summer

SiteMinder

Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August.

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Hotel revenue optimisation strategies for small hotels

Little Hotelier

The best revenue optimisation solutions will offer up insightful data to help guide your efforts.

Revenue 59
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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. Hotel occupancy will increase 2.5%