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

8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions. An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

Insiders

Sign Up for our Newsletter

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

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

2023 in Review: A Year of Improving the Travel Experience for Everyone, Everywhere

Amadeus Hospitality

And today’s travelers have higher expectations than ever for more sustainable, personalized and flexible journeys. Helping Travelers Throughout Their Journeys We evolved as a company, too, as we considered the question, “ How can we make travel better? ” markets has already recovered by 99.1%

Travel 97
article thumbnail

Hotel industry statistics: Guide for hotels

SiteMinder

Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up. globally next year. Hotel average daily rate (ADR) is projected to grow by 4.9% Hotel occupancy will increase 2.5%

article thumbnail

Five Tried and True Strategies for Effective Hotel Guest Personalization

Amadeus Hospitality

Originally pubilshed on PhocusWire Positive momentum continues for the travel industry as global hotel occupancies rapidly return to 2019 levels, with many key destinations having already surpassed pre-pandemic performance this year, according to Amadeus’ Demand360 ® data.

article thumbnail

Hotel Management: Meaning, Types, and Operations

SiteMinder

There are always new strategies, traveller preferences, or industry technologies emerging to keep track of. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Alternate operations in hospitality often rely on the success of the travel and tourism sector.