Hotelier Magazine
MAY 16, 2023
The first release of STR Benchmarking focuses on property-level data and analytics for hotel owners and operators with enhanced functionality built on the foundation of the renowned STAR Report.
SiteMinder
OCTOBER 9, 2023
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. Hotel operations are incredibly varied, with many moving parts that interact with and support one another.
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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. These forecasts allow you to implement revenue optimisation strategies based on anticipated occupancy. Financial forecasting: Used to predict future financial results.
SiteMinder
MAY 16, 2023
Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August.
Hotelier Magazine
MARCH 11, 2024
Additionally, the tools also contribute to operational efficiency by analyzing staff performance, occupancy rates, inventory management and maintenance and help hoteliers anticipate future trends and guest behaviors by leveraging predictive analytics. AI has been making inroads as a tool to analyze patterns.
Hotel Business
JANUARY 24, 2023
Having weathered the past several years of unexpected/unprecedented intense disruption, stalwart owners/operators/developers/brands are up for any positive news and, according to industry experts, there is some to welcome. we expect margins to compress, but higher rates and higher occupancy levels should help shield profit increases.”
Hotel Business
MARCH 16, 2023
Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%.
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