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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up.

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Why properties should consider midterm bookings this summer

SiteMinder

SiteMinder’s most recent Changing Traveller Report found that 36% of global travellers plan to incorporate work on their next trip. It’s also projected that by 2035 there will be a billion digital nomads travelling the globe. This was particularly true for Spain in summer, which had the longest average stay length in August.

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Travel statistics: Data and reports for hotels

SiteMinder

What are travel statistics? Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Some highlights include: Air travel passengers are expected to reach 9.4

Travel 52
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Hotel revenue optimisation strategies for small hotels

Little Hotelier

Economic factors There will be periods of economic hardship when certain guests don’t have money to splurge on travel. There will also be good times when more people are travelling than ever. An occupied room is almost always better than an empty room, but if you’re being regularly undercut you might face a high vacancy rate.

Revenue 59
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Hotel investment: What is a good hotel ROI?

Little Hotelier

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Your occupancy rates? Your direct bookings?

ROI 98
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How to attract the right guests with hotel market segmentation (step-by-step guide)

Cloudbeds

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. ” Why do you need market segmentation?