Hotel Speak

AUGUST 13, 2024

Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal. With correct and competitive rates across all channels, hotels present a positive image of their property wherever a guest may find it.

Revenue 104

Revenue Sales OTA Average Daily Rate 104

SiteMinder

JUNE 8, 2022

Doing this effectively means you have to consider a number of factors such as key revenue metrics like occupancy, room nights, and average daily rates; but also staff allocation and resourcing. Your occupancy rate. Your average daily rate. Average length of stay. Your total revenue.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

OCTOBER 10, 2023

Here’s how to get started: Understand key metrics Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Total Revenue are essential metrics included in comprehensive revenue forecast reports. Understand categories like business travellers or leisure guests to tailor strategies. Market segments. Booking pace.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

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. Table of contents Why are hotels using Expedia Partner Central?

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

JUNE 12, 2024

Dynamic Pricing : Adjusting room rates in real-time based on current demand, seasonality, competitor pricing, and other external factors. Inventory Control : Managing the number of rooms available for different rates, packages, or booking channels. in one day, week, or month. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotelogix

MAY 1, 2025

For independent hotels, bidding platforms provide visibility among budget travelers, especially those searching for cheap hotels downtown or affordable motels near me , without the need for upfront advertising spend. This approach helps fill unsold rooms quickly without broadcasting discounted rates on mainstream OTAs or brand.com websites.

Occupancy 45

Occupancy OTA Average Daily Rate Overbooking 45

Catala Consulting

MAY 17, 2024

Enhancing Occupancy Rates through Efficient Management Managing Overbookings and Walk-Ins Reception staff play a critical role in managing overbookings and walk-ins, which are common in the hotel industry. Cross-selling requires a good understanding of guest needs and the ability to match them with suitable offerings.

Revenue Management 52

Revenue Management Revenue Management Upsell 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? Google produces 500 million results when asked ‘Is travel getting more expensive?’

Management 59

Management Average Daily Rate Occupancy 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. Traveler trends can significantly influence demand. Maximizing occupancy.

Revenue 52

Revenue Revenue Management Occupancy Hotels 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 110

Average Daily Rate OTA Overbooking Market Share 110

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. This allows you to maintain or even increase your average daily rate (ADR). More and more customers are booking travel via mobile devices, according to recent research.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Cloudbeds

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 52

Average Daily Rate OTA Overbooking Travel 52