Remove Average Length of Stay Remove Closing Remove Market Research
article thumbnail

Hotel industry statistics: Guide for hotels

SiteMinder

The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. Brighton & Hove has the highest average price at 133 British pounds. Hotel market revenue is worth close to $22 billion. billion in recent years.

article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

Valentine’s Day) Special room rates for members of tour groups, conferences, and recurring airline or business customers Based on an analysis of your customer segmentation and booking trends, you can create different revenue options for rooms by incentivising your preferred target market with personalised promotions and discounts.