Remove Average Daily Rate Remove Cancellation Remove Occupancy Remove Travel
article thumbnail

Unlocking hotel success: Essential hotel reports you need

Hotelogix

The report also covers cancellations, no-shows, and temporary reservations for the day. Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis.

article thumbnail

What your hotel booking performance can tell you about demand patterns

Cloudbeds

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. It also shows what type of guests are staying at your hotel and even what booking channels (direct, online travel agencies (OTAs), etc.) What is booking performance?

Insiders

Sign Up for our Newsletter

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

article thumbnail

Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93.

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

How to generate 8 must-have hotel reports with a cloud property management system

Hotelogix

They help you understand percentage of rooms occupied, percentage of rooms occupied minus complementary and house use, average daily rate and total revenue of your hotel including POS,other charges, etc. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc.

article thumbnail

Make Smart Hotel Decisions with These Essential Revenue Management Reports

eZee Absolute

For instance, if the report shows a surge in last-minute bookings for a specific weekend, revenue managers can raise rates to earn more on the high demand and vice versa. The revenue forecast report provides a prediction of future occupancy and revenue based on factors like historical data, market trends and upcoming events.

article thumbnail

Late bookings: Guide to last minute bookings for hotels

SiteMinder

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. An occupied room, even at a discounted rate, is better than an empty one.