SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? The basis for your forecast should be historical performance and market trends.

Forecasting

Hotelier Magazine

MARCH 11, 2024

Moderated by Shelley Warsaw, Partner Relationship manager at Track, speakers included John Ellis, VP of Sales at Akia, an AI-powered two-way communication platform; Billy Widner, Chief Marketing Officer, Brett/Robinson Vacation Rentals; and Jim Golightly, director of Customer Success, Track.

Business

Hotelogix

MAY 1, 2025

Key metrics like RevPAR and ADR help hoteliers understand revenue flow, optimize pricing, and measure how well their property is performing. Average Length of Stay (LOS) LOS measures how many nights guests typically stay. A longer average stay reduces turnover costs and increases profitability per booking. 

Occupancy

SiteMinder

OCTOBER 9, 2023

By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement. For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities.

Average Daily Rate

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. So what is revenue optimisation?

Revenue

SiteMinder

OCTOBER 10, 2023

As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. This analysis also helps in identifying patterns and anomalies that might affect future revenue.

Forecasting

Little Hotelier

MARCH 25, 2024

This can be internal data (from a hotel’s systems) and external data (competitor pricing and market trends). Price and promote your property better with Little Hotelier Little Hotelier's Insights tool gives you more control, more support and more revenue. Identify new markets and guest segments.

Forecasting

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the process of examining data sets to search for patterns, draw conclusions, support decision-making, and predict future market trends. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management KPIs.

Operations

Hotel Business

SEPTEMBER 14, 2023

Because we get to see how we’re servicing them, how we’re marketing for them, who their customers are, and now with community, here’s how they’re accessing our system.” It’s driving a longer average length of stay and a higher ADR, driving, on average, $22,000 in revenue,” he said.

Average Length of Stay

SiteMinder

DECEMBER 4, 2023

The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. US hotel industry statistics The top five revenue generating channels for hotels in the US are Booking.com, Expedia, hotel websites (direct bookings, Agoda, and Airbnb. million people.

Occupancy

SiteMinder

JUNE 2, 2022

For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Consider the following when actioning a revenue management strategy: RevPAR – Revenue per available room gives you an idea of your ability to fill your rooms at an average rate.

KPI

SiteMinder

NOVEMBER 30, 2023

Statistics about travel demographics Statistics about travel demographics can be particularly useful for your hotel, as it allows you to target your marketing more effectively, plan your offers, and prepare satisfying guest experiences – all in the mission of maximising your reputation and profit.

Travel

Cloudbeds

MARCH 16, 2023

In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. Meanwhile, ongoing travel restrictions in the Asia Pacific region kept the booking window five days short of the 2019 average. Length of Stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.

Average Length of Stay

Hotel Business

MARCH 16, 2023

In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. Meanwhile, ongoing travel restrictions in the Asia Pacific region kept the booking window five days short of the 2019 average. Length of stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.

Average Length of Stay

Hotelogix

MAY 9, 2025

More Informed Decisions: Use data insights to plan marketing campaigns, manage staffing , and shape seasonal packages. Yield management is tactical, zeroing in on pricing strategies to maximize room revenue based on demand fluctuations. Better Occupancy Control: Maximize sold rooms without overbooking or rate dumping.

Yield Management