eZee Absolute
MAY 13, 2024
For instance, if the report shows a surge in last-minute bookings for a specific weekend, revenue managers can raise rates to earn more on the high demand and vice versa. The revenue forecast report provides a prediction of future occupancy and revenue based on factors like historical data, market trends and upcoming events.
Little Hotelier
FEBRUARY 25, 2024
In terms of hotel revenue management consulting, this guidance usually takes the form of more effective pricing – identifying and setting room rates that are alluring to your target market and result in more bookings, while maximising the amount you earn from each booking.
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SiteMinder
OCTOBER 10, 2022
The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. 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.
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.
eZee Absolute
JANUARY 9, 2023
Have a higher average daily rate. By creating engaging content and using targeted marketing strategies, accommodation providers can reach and attract the digital nomads markets who are looking for a place to stay and work remotely. Invest in the latest hospitality technologies.
SiteMinder
JANUARY 8, 2024
A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.
SiteMinder
JANUARY 8, 2024
A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.
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