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What is Yield Management: Guide for Hotels

SiteMinder

It’s not just about how much a guest pays for a room, but also about how their entire stay can be enhanced and monetised. This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events.

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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%. Global Hotel Industry Market Report by Allied Market Research – Analysis of the global hotel industry, including market size, growth trends, key players, and future projections.