Remove Average Daily Rate Remove Average Length of Stay Remove Travel
article thumbnail

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.

Travel 102
article thumbnail

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. Additionally, stays at Thailands hotels during Songkran week have extended by 7.3% year-on-year from 2.41 nights to 2.59

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why properties should consider midterm bookings this summer

SiteMinder

SiteMinder’s most recent Changing Traveller Report found that 36% of global travellers plan to incorporate work on their next trip. It’s also projected that by 2035 there will be a billion digital nomads travelling the globe. This was particularly true for Spain in summer, which had the longest average stay length in August.

article thumbnail

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

SiteMinder

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

article thumbnail

Hotel investment: What is a good hotel ROI?

Little Hotelier

Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Dedicating a proportion of your budget towards signs will improve walk-in bookings and give your B&B brand a facelift.

ROI 98
article thumbnail

Hotel revenue forecasting: Definitions, models, and best practices

SiteMinder

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.

article thumbnail

Cloudbeds Launches Inaugural State of Independent Lodging Report

Cloudbeds

The report utilizes data gathered from thousands of properties globally to shed light on the current state of travel recovery, booking behavior post-pandemic, and travel trends influencing consumer behavior. Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.”