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Cloudbeds report signals new priorities for hostels in 2025

Cloudbeds

We’re committed to empowering this vital lodging segment with the data, insights, and tools they need to capture market share and thrive in 2025. This could indicate travelers increased confidence in sharing spaces.

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Understanding ARI: A key metric in hotel management

Cloudbeds

The average rate index (ARI) is a metric that allows hoteliers to evaluate the performance of their room rates relative to a group of competitors during a specific period. Another metric to look at is the fair market share, obtained by dividing the hotel’s available rooms by the competitors’ available rooms.

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Cloudbeds unveils inaugural State of Hostels report

Cloudbeds

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Cloudbeds’ newly launched State of Hostels report reveals 2024 will be the year of chasing demand for hostels.

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Hotel efficiency: Metrics and strategies for small properties

Little Hotelier

When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your market share. A few key hotel efficiency metrics that you should be tracking include: Average daily rate : ADR is the average revenue earned per occupied room per day.

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Hotel Market Segmentation Guide- Key to Your Hotel's Growth

Hotelogix

Now that your targeting strategy is in place, let's explore how to measure the success of your segmentation efforts.

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Hotel rate shopping: How to use rate shopper software

SiteMinder

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

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Navigating Online Bookings and Digital Marketing: A Guide for Accommodation Providers

STAAH

Monitor and Adapt Performance Metrics: Regularly monitor key performance metrics such as occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. Use these insights to refine your strategies and adapt to changing market conditions.