Hotel Speak

OCTOBER 3, 2024

While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%.

Hospitality 122

Hospitality Average Daily Rate Occupancy Intent 122

Hotel Business

AUGUST 1, 2023

Business transient revenue also saw strong year-over-year growth, driven by solid average daily rate growth. The pipeline includes 1,066 properties with more than 240,000 rooms under construction, or 44%, including approximately 37,000 rooms from the MGM Resorts deal. and Canada.

Average Daily Rate 52

Average Daily Rate Pipeline Construction Revenue 52

SiteMinder

JULY 13, 2024

For example, a high-end hotel may usually attract guests with no budget constraints, but in the off-season bookings will drop and the hotel has more flexibility to drop rates, attracting travellers who normally would not be able to afford the stay. To benchmark for this, the Average Rate Index is a good way of looking at this.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Little Hotelier

OCTOBER 11, 2023

Some guests aren’t comfortable sharing feedback face-to-face, but are more than happy to offer constructive criticism over the internet. Add in the anonymity that the internet offers, and online reviews offer particularly honest and revealing feedback. Reviews also show you how you can improve your hotel.

Management 107

Management Hotels Consumer Average Daily Rate 107

MBA Hotels

SEPTEMBER 12, 2018

Potential pitfalls of a major renovation include excessive room closures, negative guest reviews, or even losing a large client due to noise and construction. New construction also carries far greater risks than buying a performing hotel.

Net Operating Income 40

Net Operating Income Closing Average Daily Rate Hotels 40

MediaBoom

AUGUST 6, 2024

A well-defined hotel brand is more than a mere logo or slogan; it’s a carefully constructed identity that encapsulates the hotel’s values, personality, and aspirations that differentiates it from competitors and resonates with its target audience. In fact, a strong brand can increase revenue by up to 23%. Still Have Questions?

Branding 98

Branding Hotels Services Marketing 98

Xotels

JULY 8, 2025

The KPIs to look at include expected occupancy, ADR (Average Daily Rate) and RevPAR (Revenue per Available Room). Financial Plan Provide the start-up costs of the hotel (capital investment), the ongoing business costs, operational expenses and revenue projections for the next five years.

Business 98

Business Hotels Revenue Management Revenue 98

Hotel Business

AUGUST 11, 2023

Hotel The global average daily rate (ADR) for hotel bookings exceeded earlier predictions, rising 29.8% Occupancy rates have been high, but so have labor, energy, and food and beverage costs. Occupancy rates have been high, but so have labor, energy, and food and beverage costs. YoY to $161 in 2022.

Events 98

Events Business Travel Forecasting 98