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What is Yield Management: Guide for Hotels

SiteMinder

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. Our smart hotel platform helps you do exactly that.

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Minimum stay (MLOS): What is it and how can it be used?

Little Hotelier

Minimum length of stay (MLOS or MinLOS) restrictions can be used across all your rooms or a select few that you choose. It can help you maximise your revenue and control your occupancy, but it’s a delicate balance that relies on managing supply and demand. Why do hotels use MLOS?

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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It offers insights into room demand and helps in forecasting. With SiteMinder, you're always a step ahead.

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Hotel revenue optimisation strategies for small hotels

Little Hotelier

Adjust pricing Forecast demand and adjust your room rates well ahead of time. The best channel managers allow you to seamlessly connect with all of your OTAs and channels, and give you clarity and control over all pricing. Here are six revenue optimisation strategies that any independent hotelier can try.

Revenue 59
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Travel statistics: Data and reports for hotels

SiteMinder

Travel stats might include travel volume, popular destinations, travel spending, occupancy rates and other accommodation data, transport stats, traveller demographics and motivations, and other insights such as trends around sustainable travel. 23% of French guests will be looking to book a longer stay on their next trip.

Travel 52
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The role of data analytics in optimizing hotel operations

Cloudbeds

For hotels, that involves collecting and analyzing data across various sources, including your hotel website, social media channels, online travel agencies (OTAs), surveys, and more. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency.

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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. With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. Income: Forecasted and other expected revenue.

ROI 98