SiteMinder

OCTOBER 9, 2023

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.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

FEBRUARY 13, 2023

Bookings via global distribution systems (GDSs) rose as business travel continued to resume with force in 2022. Travellers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Overall, travellers booked with more commitment to travel than the year prior.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

SiteMinder

JUNE 8, 2022

Doing this effectively means you have to consider a number of factors such as key revenue metrics like occupancy, room nights, and average daily rates; but also staff allocation and resourcing. Your occupancy rate. Your average daily rate. Average length of stay.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

OCTOBER 10, 2023

Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business. Precise forecasting, less work Make smarter decisions for your hotel with SiteMinder’s hotel business intelligence. Track the rate of reservations to gauge increasing or decreasing demand.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Hotelogix

MAY 1, 2025

In the hotel business, tracking the right performance indicators is non-negotiable. Average Daily Rate (ADR) ADR shows the average income earned from rooms sold, offering insight into pricing effectiveness. Average Length of Stay (LOS) LOS measures how many nights guests typically stay.

Occupancy 59

Occupancy Average Length of Stay Average Daily Rate Revenue 59

Little Hotelier

NOVEMBER 6, 2023

They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. A hotel needs to price itself appropriately in order to win business, so it’s wise to research what local competitors are charging. What is hotel revenue optimisation? So what is revenue optimisation?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. This will vary depending on when someone is buying – hotels will often provide discounts for early bookers, offer lower rates on Sundays, enforce minimum stays etc. What is Yield Management? in one day, week, or month.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. Transient These guests are individuals traveling for business or leisure. Group These guests travel with a group that has reserved a block of rooms in advance at a special group rate.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

JUNE 2, 2022

Key performance indicators (KPIs) permeate every successful hotel; it’s crucial that you know at all times how you’re tracking towards any key goals and objectives you have outlined for your business over a certain period of time. It can be calculated by multiplying your average daily rate by your occupancy rate.

KPI 52

KPI Revenue Occupancy Hotels 52

Cloudbeds

SEPTEMBER 18, 2024

For data to be useful, however, hotels must leverage business intelligence software to gather and manage vast amounts of data across systems and put it together in a way that delivers actionable insights. Basic KPIs include average daily rate (ADR) , occupancy (OCC), revenue per available room (RevPAR), and average length of stay (ALOS).

Operations 40

Operations Revenue Management Occupancy Revenue 40

Cloudbeds

MARCH 16, 2023

SAN DIEGO, CA) March 16, 2023 — Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced the launch of its inaugural State of Independent Lodging Report. The next most popular length of stay was 3 to 4 nights.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52