SiteMinder

APRIL 18, 2024

According to SiteMinder’s vice president of ecosystem and strategic partnerships, James Bishop, the rise in lead time reflects grown confidence and increasingly-proactive planning by ever-savvier travellers, which offers strategic opportunities for the capital’s hoteliers. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. And today’s travelers have higher expectations than ever for more sustainable, personalized and flexible journeys. markets has already recovered by 99.1% markets has already recovered by 99.1% It’s been a very good year.

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Amadeus Hospitality

AUGUST 24, 2023

Originally published to Amadeus Insights By: Peter Waters, EVP Hotel Solutions, Hospitality, Amadeus Amadeus is passionate about travel and we know our partners are too. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy Occupancy 52

Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. Instead of a time machine, you need data on your hotel’s booking performance from your property management system. And no, it’s not a “Back to the Future” movie scene.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 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

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

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

OCTOBER 10, 2022

is a hotel analytics company founded in 1985 as Smith Travel Research. 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. How have additional revenue numbers changed over time? STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

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? Economic factors There will be periods of economic hardship when certain guests don’t have money to splurge on travel.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

JANUARY 8, 2024

Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities. Placing yourself on a scale of personal growth is especially important for a hotel manager. There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.

Operations 59

Operations Management OTA Hotels 59

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

Successful hotel management is about being able to adapt and meet challenges within a range of roles and responsibilities. Placing yourself on a scale of personal growth is especially important for a hotel manager. There are always new strategies, traveller preferences, or industry technologies emerging to keep track of.

Operations 52

Operations Management OTA Hotels 52

eZee Absolute

JANUARY 9, 2023

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. Generate a steady stream of revenue. Have a higher average daily rate. Set rates that are practical and reasonable. Offer special deals and discounts. 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

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

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 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

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. What is hotel 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

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

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. Consider working with influencers or travel bloggers to extend your reach. Find out about TripAdvisor Plus.

Business 59

Business Hotels Management Revenue 59

SiteMinder

OCTOBER 10, 2023

It’s especially important to prioritise data as a tool in the current era of hotel commerce where traveller demands are higher than ever. Transform your Hotel's data strategy Harness the potential of your hotel's data and redefine your revenue management approach with SiteMinder’s platform.

Hotels 52

Hotels Upsell Management Travel 52