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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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Hotel metrics: How to measure performance in the hotel industry

SiteMinder

Revenue and profit are always important, but more specific KPIs around average length of stays may not always be as integral to highlight in hotel metrics reports. It offers insights into room demand and helps in forecasting. ALOS – Average length of stay tells you how long your guests stay with you on average.

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

Little Hotelier

This allows you to apply your restrictions in bulk, instead of visiting various OTA extranets to do so. How to set your VRBO minimum stay Setting a minimum stay on VRBO is very similar to Airbnb. This is because you’re likely connected to a number of OTAs and you’ll save time if you update them all at once.

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Travel statistics: Data and reports for hotels

SiteMinder

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. 23% of French guests will be looking to book a longer stay on their next trip. Tourists spend an average of 167 USD per day in Thailand.

Travel 52
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Hotel investment: What is a good hotel ROI?

Little Hotelier

With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. And the most effective way to navigate the world of OTAs is with the use of a channel manager that will allow you manage your connections through one platform. rent): No connection with business activity.

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

Cloudbeds

They typically reserve directly with the hotel or through an online travel agency (OTA) or travel agent at non-negotiated rates. Some hotels break down transient business into subgroups such as OTAs, direct bookings , packages, and consortia. Properties can utilize niche OTAs to effectively target their guest demographics.