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Songkran grows in international appeal, fuelling surge in hotel bookings: SiteMinder

SiteMinder

Bangkok, Thailand Thailands Songkran festival has cemented itself as a drawcard for international travellers, with overseas guests now accounting for 86% of scheduled hotel check-ins between 10-17 April. Hotels in Koh Samui have marked the longest average booking lead time at 109 days, reflecting a 33% increase from last years 82 days.

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Measure your hotel’s performance with a RevPAR formula and more

Hotelogix

So, whether it is assessing yourself through a RevPAR formula or scoring yourself as an ADR hotel, you may have often wondered if these are enough and what those key performance metrics are that you must weigh your business on. Include these hotel industry KPIs today and see a definite growth.

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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.

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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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Kylie fever hits UK hotels as bookings and ADR surge ahead of 2025 Tension tour: SiteMinder

SiteMinder

London, UK: Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder, the world’s leading hotel distribution and revenue platform.

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Hotel investment: What is a good hotel ROI?

Little Hotelier

What is hotel investment? Hotel investment is the act of spending money on a hotel to make money from a hotel. The aim is to generate a hotel return on investment (or hotel ROI); money that you can either reinvest in the business or extract as profit. Hotel investments come in many shapes and sizes.

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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. You’ll find just as many in luxury hotels as you will in B&Bs or vacation rentals.