Hotelogix

APRIL 22, 2024

Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates.   Strategic revenue management with hotel data Effective revenue management is critical to your hotel's profitability.

Management 52

Management Average Daily Rate Revenue Management Hotels 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. 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

MAY 8, 2024

After reading this article, you will learn how an effective analysis of your property’s booking performance will help you better understand your property’s demand patterns and how to leverage them to maximize revenue and occupancy. Occupancy rate indicates the percentage of utilization of hotel rooms.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

Amadeus Hospitality

SEPTEMBER 22, 2023

Learn how to evaluate and implement the latest pricing, segmentation, channel management, and other key strategies to deliver results and understand the role of technology to help you work smarter – not harder. Learn to decipher these metrics but also discover innovative ways to leverage them for sustained revenue growth.

Revenue 52

Revenue Sales Average Daily Rate Revenue Management 52

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It can be calculated by multiplying your average daily rate by your occupancy rate.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

SEPTEMBER 10, 2023

This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. While it can be difficult to precisely predict revenue, effective revenue management is a key part of creating a hotel budget.

Revenue Management 59

Revenue Management Revenue Hotels Average Daily Rate 59

SiteMinder

OCTOBER 10, 2022

For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Amadeus Hospitality

AUGUST 24, 2023

The latest data from Amadeus’ Demand36 0® reflects this, with on-the-books global hotel occupancy rates for H1 2023 trending above 2022 and 2021 levels, and just 3 points behind those seen in 2019. In addition, global hotel average daily rates (ADR) are already above pre-pandemic levels.

Travel 52

Travel Average Daily Rate Marketing Strategy Occupancy 52

TravelNet

AUGUST 28, 2023

Built by revenue managers for revenue managers, Art’s simple, fast, and intuitive interface provides a slick user experience while delivering dynamic rates that respond to rapidly changing market conditions.

Average Daily Rate 52

Average Daily Rate ROI OTA Revenue Management 52

SiteMinder

OCTOBER 5, 2023

Comprehensive tools : From managing reservations to enhancing the guest experience, Expedia Partner Central provides a range of tools tailored to the needs of hoteliers. You can quickly gauge your booking status, helping you keep track of occupancy and upcoming guest arrivals. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? The best revenue optimisation solutions will offer up insightful data to help guide your efforts.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

JUNE 2, 2022

There are many metrics that support revenue KPIs. Consider the following when actioning a revenue management strategy: RevPAR – Revenue per available room gives you an idea of your ability to fill your rooms at an average rate. This is calculated by: your occupancy rate / market occupancy rate x 100.

KPI 52

KPI Revenue Occupancy Hotels 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

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Types of hotel management If we zoom in on accommodation management, it too can be divided into a few different categories, which reflect the broad range of tasks and challenges that hotel management presents. You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR).

Operations 52

Operations Management OTA Hotels 52

eZee Absolute

JANUARY 9, 2023

Have a higher average daily rate. By offering such amenities, hotels can appeal to the needs of digital nomads and potentially charge a little higher daily rates. Set rates that are practical and reasonable. But then, again, don’t make it all about the cash. Explore new markets.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

OCTOBER 10, 2023

As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. Occupancy rate The occupancy rate indicates the percentage of rooms occupied over a specific period.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Cloudbeds

MAY 31, 2023

By monitoring market pricing intelligence, hotels can stay apprised of opportunities to flex pricing power, increase ADR (average daily rate), and lower pricing to increase occupancy. Rate shopping helps answer the eternal question in hotel revenue management, “How much should we charge for our rooms?”

Revenue Management 52

Revenue Management Shopping Average Daily Rate Revenue 52

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Your occupancy rate. Your average daily rate.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

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? Overpriced rooms deter potential guests, while underpricing leads to revenue loss.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Cloudbeds

MARCH 16, 2023

The report highlights the following insights: Average Daily Rate (ADR) & Occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. Boost revenue and profitability.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

DECEMBER 20, 2023

RevPAR , or revenue per available room, is one the easiest ways to predict revenue for a hotel. Simply multiply your predicted average daily rate (ADR) by your occupancy rate. For example if your hotel is expected to be occupied at 80% with an ADR of $200, your RevPAR will be $160.

Business 59

Business Hotels Management Revenue 59

Cloudbeds

MARCH 23, 2023

In addition to a website booking engine , payment processing software, and digital marketing solution , other important eCommerce tools include: Revenue management software to maintain a dynamic pricing strategy, manage stay restrictions, and optimize occupancy, average daily rate (ADR), and revenue.

OTA 98

OTA Digital Marketing Travel Hotels 98

SiteMinder

OCTOBER 10, 2023

Transform your Hotel's data strategy Harness the potential of your hotel's data and redefine your revenue management approach with SiteMinder’s platform. Learn more How do you collect hotel data? Do you know the percentage breakdown of guests in your hotel, between domestic travellers and international travellers?

Hotels 52

Hotels Upsell Management Travel 52