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

Hotelogix

Average Daily Rate (ADR): Average daily rate can be used to calculate the average rate at which occupied rooms are booked and is immensely useful to identify performance over time by drawing a comparison between the current and previous periods or seasons.

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SiteMinder: Traveler confidence surges post-pandemic

Hotel Business

Domestic booking channels captured a lower proportion of bookings overall, however, there was a clear balance between traditional and niche booking channels across markets. The ranking of hotel websites as a revenue generator remained on par with 2019’s lists in 72% of markets, and ahead in 28%.

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SiteMinder’s Hotel Booking Trends

SiteMinder

This year you’ll also be able to access key market intelligence and metrics that explore findings from the analysis of more than 100 million reservations!

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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. This was particularly true for Spain in summer, which had the longest average stay length in August.

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Hotel revenue forecasting: Definitions, models, and best practices

SiteMinder

The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue. 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.

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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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Hotel investment: What is a good hotel ROI?

Little Hotelier

It could be that you’re buying a hotel business or investing in one you already own through things like property extensions and renovations, hotel marketing, employee training and hotel software. Hotel investments come in many shapes and sizes. Look to hire staff that will take over your least productive tasks.

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