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

Hotel industry statistics: Guide for hotels

SiteMinder

Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. Online sales in the hotel segment will generate 80% of total revenue in 3 years. The average booking lead time for hotels is 29.7 The average length of stay is 1.93

article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

Nevertheless, it is important to note that yield management has a more narrow focus and is concerned only with the selling price and the volume of sales, so that the best possible revenue yield can be achieved. The offer is always very similar – optimise sales, manage real-time pricing, demand forecasting etc.