Little Hotelier

AUGUST 12, 2024

Efficient hotels use systems and procedures to streamline operations. That’s where hotel operational efficiency comes in. When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your market share.

Average Daily Rate

Cloudbeds

JULY 4, 2024

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.

Market Penetration

Hotelier Magazine

APRIL 4, 2024

Financial Benchmarks The hotel industry uses many financial benchmarks to measure success, including Average Daily Rate (ADR), RevPAR, occupancy and Market Penetration Index (MPI). We do a comparison of all operating costs and staffing models of the potential property to similar assets we manage.

Operations

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the cornerstone of successful hotel operations. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. By tracking real-time data from online reviews, accommodation operators can measure overall guest satisfaction and ratings by department.

Operations

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. The ADR is the average rate at which each room at the hotel was sold on a given day.

KPI

SiteMinder

AUGUST 1, 2024

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.

Shopping

SiteMinder

OCTOBER 10, 2022

As a hotel operator, you might have come across STR reports at one point or another. Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. Average daily rate (ADR). But what are they all about?

Average Daily Rate

STAAH

JULY 8, 2024

Mobile check-ins, digital room keys, and online concierge services not only streamline operations but also address health concerns, which can be particularly reassuring during uncertain times. Use these insights to refine your strategies and adapt to changing market conditions.

Digital Marketing

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting

Amadeus Hospitality

JUNE 27, 2023

We felt it was important to go one step further with the Index, by aggregating the most sophisticated and in-depth data available on the market today and combining it in a way that gives the industry a meaningful benchmark on where recovery has reached. Knowland operates globally and is headquartered just outside Washington, DC.

Business

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. billion, up from $3.09

Average Daily Rate

MediaBoom

AUGUST 6, 2024

A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and market share. It also covers your music, accent and attitude, promotional campaign, and any social media or marketing emails to gain loyal customers. Each of these transmits a signal. Think about it! Still Have Questions?

Branding

Catala Consulting

AUGUST 30, 2022

A few metrics to include in your SWOT analysis include: Average daily rate Sales circle length Event Activity Web traffic percentage of direct bookings Percentage of occupancy Revenue per available room Customer feedback, comments on social media, online reviews, and feedback.

Hotels

Hotel Speak

FEBRUARY 26, 2024

Advanced technologies are likely to usher in a shift in how owners, operators, and hoteliers do business as they chase demand. Unplanned overbookings, front desks staffed 24/7, and marketing or finance degrees to optimize revenue will soon be a thing of the past. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate

Cloudbeds

FEBRUARY 26, 2024

Advanced technologies are likely to usher in a shift in how owners, operators, and hoteliers do business as they chase demand. Unplanned overbookings, front desks staffed 24/7, and marketing or finance degrees to optimize revenue will soon be a thing of the past. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate