Little Hotelier

MARCH 25, 2024

The importance of forecasting in hotel industry businesses cannot be understated. Factors that affect hotel demand forecasting Hotel forecasting means different things to different hotel businesses. Cancellation data: How types of guests and times of year affect cancellation and no-show rates.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Little Hotelier

NOVEMBER 6, 2023

They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. A hotel needs to price itself appropriately in order to win business, so it’s wise to research what local competitors are charging. What is hotel revenue optimisation? So what is revenue optimisation?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average booking lead time for hotels is 29.7

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotel Business

SEPTEMBER 14, 2023

Through Wyndham Community, owners can access real-time insights on key business metrics across their portfolio, from anywhere and any device, while also keeping tabs on high-priority tasks and other key action items. It’s driving a longer average length of stay and a higher ADR, driving, on average, $22,000 in revenue,” he said.

Average Length of Stay 64

Average Length of Stay OTA Services Revenue 64

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. This will vary depending on when someone is buying – hotels will often provide discounts for early bookers, offer lower rates on Sundays, enforce minimum stays etc. What is Yield Management? in one day, week, or month.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

NOVEMBER 30, 2023

67% of families say that they now check cancellation policies when making travel arrangements and 47% say they now buy travel insurance. Almost 40% of US travellers plan to upgrade their flight to business or first-class in the next 12 months. France tourism statistics Ever a busy hub for travel, France tourism is rarely not booming.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

MARCH 20, 2023

Transient These guests are individuals traveling for business or leisure. Some hotels break down transient business into subgroups such as OTAs, direct bookings , packages, and consortia. Corporate negotiated These guests are business travelers who work for a company that has a negotiated account with the property.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

OCTOBER 20, 2022

With hindsight, Airbnb is not only a growing business that has just received a bullish rating by global investment firm AB Bernstein for how it ‘uniquely inspires’ customers, but it also hosts hotels on its platform. 9flats has a similar focus on renting and staying in someone else’s apartment.

Average Length of Stay 52

Average Length of Stay Hotels Accommodation Management 52