Little Hotelier
MARCH 25, 2024
Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. Outlier factors: How special events and unusual occurrences have historically affected demand (e.g. bad weather, surprise events or event cancellations).
Little Hotelier
JULY 10, 2023
It can help you maximise your revenue and control your occupancy, but it’s a delicate balance that relies on managing supply and demand. Some owners or managers may be also tempted to set a minimum stay for their hotel during low periods but this is risky. Here are six of the best ways to optimise your occupancy and revenue with MLOS.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
SiteMinder
DECEMBER 4, 2023
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. globally next year.
Little Hotelier
NOVEMBER 6, 2023
Public holidays and popular local events will also affect how much you can charge per room. These might follow the four seasons of the year, or they could be defined by school holidays, festive seasons or major local events. Market demand Most hotels see a spike in demand on weekends when compared to weekdays.
Cloudbeds
APRIL 8, 2024
Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Consider offering weeknight rates, promo codes for special events, or loyalty discounts for repeat customers.
SiteMinder
OCTOBER 10, 2023
By analysing past and present data, hotel forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. Occupancy rate The occupancy rate indicates the percentage of rooms occupied over a specific period.
SiteMinder
JUNE 8, 2022
By analysing past and present data, forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue.
Expert insights. Personalized for you.
52 
Let's personalize your content