Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

Mews

MAY 11, 2023

Have you been wondering how to increase spa revenue in your hotel when there are high operational costs, regular maintenance and extra personnel to consider? With a comprehensive strategy that ensures profitability, a spa can increase your competitive advantage, improve the guest experience and boost your average daily rate.

Average Daily Rate 52

Average Daily Rate Revenue Operations Hotels 52

Amadeus Hospitality

SEPTEMBER 22, 2023

In today’s competitive hospitality industry, well-structured sales and revenue strategies are the key to success. 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.

Revenue 52

Revenue Sales Average Daily Rate Revenue Management 52

Hotel Business

NOVEMBER 13, 2023

By Steve Green Can the industry aim higher when capturing revenue from individual travelers? To do so, revenue managers may need to get comfortable with a “revenue maximizer” mindset. Shifting to accommodate this mindset is the cornerstone of success in tomorrow’s revenue management landscape.

Revenue 59

Revenue Revenue Management Average Daily Rate OTA 59

Hotel Speak

JANUARY 25, 2024

Nearly 20% of guests checked in online, and one in five hotels diversified revenue by monetizing spaces beyond hotel rooms. With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

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? Do all that and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

APRIL 18, 2024

London, UK : The average lead time for accommodation bookings has increased 13% year-on-year to 83 days for the coming London Marathon weekend, shows data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Hotel Management

MARCH 30, 2023

In 2022, Choice Hotels Australian RevPAR rose 31% on 2019, with average daily rates (ADR) up 10% on the same period. Australian revenue managed hotels had a 40% RevPAR increase in 2022 and ADR was up 10% on 2019 figures.

Average Daily Rate 147

Average Daily Rate Global Distribution System Pipeline Marketing Strategy 147

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. What is Hotel Data?

Management 52

Management Average Daily Rate Revenue Management Hotels 52

SiteMinder

JANUARY 30, 2023

Table of contents SiteMinder solves online visibility woes Apart from providing the best service possible, hotels must not neglect the need to maximise their sales channels to boost revenue. Unfortunately this practice was difficult to achieve for Hanging Gardens of Bali. Fortunately, SiteMinder was able to change this.

Average Daily Rate 98

Average Daily Rate Global Distribution System Management Sales 98

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 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

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

SiteMinder

SEPTEMBER 10, 2023

It serves as a financial blueprint, detailing various revenue streams such as room bookings, food and beverage sales, and ancillary services. This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs.

Revenue Management 59

Revenue Management Revenue Hotels Average Daily Rate 59

SiteMinder

AUGUST 18, 2022

Just like other metrics such as RevPAR or TrevPAR , GOPPAR allows you to look at key revenue insights and make smarter business decisions based on data. Hotel revenue managers commonly have key performance metrics around GOPPAR and often an entire revenue team can be involved in its analysis. Table of contents.

Average Daily Rate 52

Average Daily Rate Revenue Revenue Management Operations 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. For example, you might set out to achieve a revenue lift of 10% year-on-year.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

TravelNet

NOVEMBER 2, 2022

Shelley Warsaw, partner relationship manager at TNS, sat down recently with Beyond Pricing to discuss their experiences using Track. Introduction Beyond Pricing is a complete revenue management solution for short-term rental managers and owners to get, grow, and keep revenue.

Revenue Management 52

Revenue Management Average Daily Rate Revenue OTA 52

SiteMinder

OCTOBER 16, 2023

Pricing intelligence, also known as rate intelligence, is a way for hotels to optimise their pricing and profitability. It’s an essential part of a successful revenue management strategy and is implemented via the use of data and pricing intelligence tools. What is pricing intelligence?

Forecasting 59

Forecasting Revenue Management Revenue Hotels 59

SiteMinder

OCTOBER 10, 2022

Falling short of your competitors when it comes to guest experience, accommodation standards or your marketing and advertising strategy can quickly lead to lost revenue. 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.

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 average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

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

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

Little Hotelier

MARCH 23, 2023

Staying on top of what other local properties are charging for similar rooms and accommodation types will give you more context when setting your own rates. You can also look at any extra services your competitors are offering, as these ‘in-demand’ upgrades can increase your average daily rate (ADR).

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

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. 1 Hotel Management System, and No. In 2022, ADR exceeded the 2019 ADR by 17%. 1 PMS, No.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

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

Amadeus Hospitality

DECEMBER 21, 2023

This will provide Hilton with direct access to the valuable insights of Demand360+ through the hotel chain’s GRO revenue management system. Amadeus At the same time, we continue to invest in ensuring our business intelligence solutions provide unparalleled competitor insights.

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

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. Rev+ presents a dashboard that displays metrics such as Average Daily Rate (ADR) and Occupancy Rate.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

JUNE 2, 2022

Hotel revenue. Revenue is what keeps your hotel open so having a goal aligned with your income is obviously important. For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Calculate it by dividing your total revenue by occupied rooms.

KPI 52

KPI Revenue Occupancy Hotels 52

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023.

OTA 98

OTA Digital Marketing Travel Hotels 98

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. 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.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

JANUARY 8, 2024

Hospitality management is simply a broader term that can be applied to any business in the hospitality industry: not just hotels, but restaurants, bars, cafes, tour companies and more. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Hospitality management is simply a broader term that can be applied to any business in the hospitality industry: not just hotels, but restaurants, bars, cafes, tour companies and more. Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform.

Operations 52

Operations Management OTA Hotels 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? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

eZee Absolute

JANUARY 9, 2023

Generate a steady stream of revenue. This extended stay can provide a reliable source of revenue for hotels, as the hotel is able to count on a certain number of occupied rooms for a longer period of time. Have a higher average daily rate. Set rates that are practical and reasonable. Explore new markets.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

DECEMBER 7, 2023

Hotel rate management is the process of strategically pricing rooms to attract guests while also maximising revenue. This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance.

Management 59

Management Average Daily Rate Occupancy Revenue 59

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. Take your hotel business to the next level of success What if you could boost your hotel's revenue while also reducing your workload?

Business 59

Business Hotels Management Revenue 59

SiteMinder

OCTOBER 10, 2023

Hotel data allows you to create price optimisation strategies that establish rates for specific room types as well as lengths of stay (LOS), ultimately improving the amount of revenue that is generated per booking at your hotel. In addition, you are able to sell more rooms through the channel management system.

Hotels 52

Hotels Upsell Management Travel 52