Hotelogix

NOVEMBER 12, 2023

They help you understand percentage of rooms occupied, percentage of rooms occupied minus complementary and house use, average daily rate and total revenue of your hotel including POS,other charges, etc. You can run the report by check-in or checkout date.

Management 59

Management Occupancy Average Daily Rate Revenue 59

Cloudbeds

APRIL 30, 2024

The glaring issue with older revenue management strategies like these is that by selling at flat rates for the majority of the time, you are ignoring market conditions, competitor rates, market data, and variable demand. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Cloudbeds

JANUARY 17, 2024

In 2023, the hospitality industry reached record-high ADRs as travelers from around the world got back out to explore, and lodging operators worked hard to keep up with demand (despite lingering staffing shortages). Capturing travelers’ attention will become even more important in 2024. 2024 hospitality marketing trends 1.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

JANUARY 8, 2024

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.

Operations 59

Operations Management OTA Hotels 59

Little Hotelier

NOVEMBER 6, 2023

An occupied room is almost always better than an empty room, but if you’re being regularly undercut you might face a high vacancy rate. Economic factors There will be periods of economic hardship when certain guests don’t have money to splurge on travel. There will also be good times when more people are travelling than ever.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

JANUARY 8, 2024

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.

Operations 52

Operations Management OTA Hotels 52

eZee Absolute

JANUARY 9, 2023

Leverage the power of OTAs. If you have been thinking of targeting this group of travelers, then here are some of the benefits you would love to learn about: 1. Have a higher average daily rate. While all their strategies to attract these travelers did perform well, what outperformed everything was their policies.

OTA 52

OTA Hotels Accommodation Travel 52

Little Hotelier

JULY 6, 2023

Agoda is a renowned online travel agency (OTA) with a global reach, offering a platform for property owners to list their accommodations and attract potential guests from all over the world. What is an Agoda listing? With over two million properties listed worldwide, Agoda offers a vast audience of potential guests ready to book.

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

TravelNet

JUNE 22, 2023

The uncertain economy, combined with the increased supply of vacation rental properties, not to mention more online travel aggregators (OTAs) and direct booking options, is creating more competition than ever among vacation rentals. His goals: ensure optimized pricing, increase occupancy, and grow overall revenue.

Revenue Management 52

Revenue Management Revenue Management ROI 52

Inn Quest

MARCH 23, 2023

billion by 2027. As of January 2023, the most popular Online Travel Agents in Australia are: Booking.com (35%), Expedia (15%), Trivago (15%), Agoda (10%), Hotels.com (10%), Wotif (5%), other (10%). By 2027, the average revenue per user (ARPU) is expected to be US$0.57k. in 2023, with domestic travel increasing by 16.9%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Clock Software Hospitality

JANUARY 12, 2021

Travel and accommodation have always gone hand in hand, and in a global economy, it is impossible to imagine what life would be like without either. Potential guests are naturally wary of travelling during a global pandemic, and this is beginning to take a toll on the industry at large. do so under much scrutiny and restrictions.

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? Why is occupancy rate important?

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Up Hotel

SEPTEMBER 7, 2021

Maximise profitable direct revenue By working to a ‘direct first’ ethic, your hotel can benefit from receiving more direct bookings and won’t lose out to the OTAs (Online Travel Agents). Did you know that OTAs can take commissions of between 15-35% of each booking made through their booking engines for your hotel?

Digital Marketing 52

Digital Marketing Market Marketing OTA 52

Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 86

Average Daily Rate OTA Overbooking Travel 86

SiteMinder

DECEMBER 7, 2023

This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance. Table of contents Why does hotel rate management matter? Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Cloudbeds

MARCH 20, 2023

One of the key reasons travelers are drawn to smaller, independent lodging properties is they provide personalized, intimate experiences. When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. ” Why do you need market segmentation?

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

Cloudbeds

MARCH 16, 2023

The report utilizes data gathered from thousands of properties globally to shed light on the current state of travel recovery, booking behavior post-pandemic, and travel trends influencing consumer behavior. Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.”

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Your occupancy rates?

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Cloudbeds

MARCH 23, 2023

These days, more consumers are going online to make purchases, and travel is no exception. For travelers, there’s a lot riding on vacations, including money, well-being, and precious leisure time. Travelers, therefore, tend to be extra careful when planning trips, visiting multiple travel sites, and comparing pricing and options.

OTA 98

OTA Digital Marketing Travel Hotels 98

Cloudbeds

MAY 31, 2023

With inflation driving up costs, travelers are more price-sensitive than usual. To ensure they’re getting the best value for their money, trip planners are comparing hotel room rates on major OTAs and metasearch platforms before booking. In the past, hotels checked out competitor rates by performing a daily call-around.

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

SiteMinder

JUNE 29, 2023

A hotel booking site, also known as an online travel agency (OTA) , is a platform where travellers can book accommodations over the internet. The best hotel booking sites can list a large number of hotels from various regions, providing travellers with a wide array of options to choose from. What is a hotel booking site?

Hotels 52

Hotels Average Daily Rate Travel OTA 52

SiteMinder

DECEMBER 20, 2023

Simply multiply your predicted average daily rate (ADR) by your occupancy rate. Consider working with influencers or travel bloggers to extend your reach. RevPAR , or revenue per available room, is one the easiest ways to predict revenue for a hotel. Create (or audit) your hotel’s social media strategy.

Business 59

Business Hotels Management Revenue 59