Remove Average Daily Rate Remove Cancellation Remove Scale
article thumbnail

Hotel investment: What is a good hotel ROI?

Little Hotelier

With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. This is why their commission rates should be seen as a smart investment for your business. Invest in distinctive and customised signage that clearly represents your availability and image.

ROI 98
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 average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average length of stay is 1.93

Insiders

Sign Up for our Newsletter

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

article thumbnail

The Changing Nature of Supply and Demand in Hospitality During COVID-19

Clock Software Hospitality

Read more: The Three Steps to Building a Successful Segmentation Strategy For Hotels Concerts had to reschedule with tour dates pushed back a year or so, and any large scale public events that still take place (races, sports events, exhibitions, etc.) Is the wedding industry going to pull back from large scale events?

article thumbnail

Hotel Management: Meaning, Types, and Operations

SiteMinder

Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). Offset the rate by taking a high deposit to limit the number of cancelled bookings or no-shows.

article thumbnail

Hotel Management: Meaning, Types, and Operations

SiteMinder

Placing yourself on a scale of personal growth is especially important for a hotel manager. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). Offset the rate by taking a high deposit to limit the number of cancelled bookings or no-shows.