TravelNet

DECEMBER 12, 2023

Occupancy, ADR, and RevPAR are all down compared to 2021 and 2022 (but higher than 2019); booking windows and average length of stay are down, and; shoulder season performance is slightly up. Thus, lower rates and occupancy. To be fair, 2021 should hardly count as a benchmark.

Average Length of Stay 52

Average Length of Stay Occupancy Retail OTA 52

Hotelier Magazine

MARCH 11, 2024

Not far behind is room-rate data, which is critical for revenue management as pricing strategies, demand fluctuations and competitor pricing allows hotels to optimize their pricing structures and maximizing revenue. Your average booking and your average length of stay are all things that can be aggregated well.

Business 59

Business Average Length of Stay Hospitality Management 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. globally next year.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotel Business

JANUARY 24, 2023

STR is anticipating hotel-demand recovery this year, although the CEO indicated occupancy will take a few more years to reach pre-pandemic levels as the industry adds new supply. The good news is that supply growth is expected to remain below the long-term average of 1.8%, and that’s going to help occupancy rebound,” she said.

Average Length of Stay 69

Average Length of Stay Occupancy Real Estate Travel 69

Hotel Business

MARCH 16, 2023

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 North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. In 2022, ADR exceeded the 2019 ADR by 17%.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. Increase revenue and profitability An integrated booking engine is a game-changer for increasing revenue and overall profitability.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

JUNE 2, 2022

Hotel revenue. Revenue is what keeps your hotel open so having a goal aligned with your income is obviously important. For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. Calculate it by dividing your total revenue by occupied rooms.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. 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.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

NOVEMBER 30, 2023

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. 81% of pet owners prefer staying in pet-friendly hotels over other forms of accommodation.

Travel 52

Travel Accommodation Tourism Hotels 52

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? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Hotelogix

OCTOBER 14, 2023

The ADR is the average rate at which each room at the hotel was sold on a given day. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold. Occupancy Rate This term known as occupancy rate is used to express a percentage of rooms which are occupied for a particular period of time.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Income: Forecasted and other expected revenue. Your occupancy rates? Make sure your all-in-one reservation system can track the revenue-related metrics that matter.

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Cloudbeds

MARCH 16, 2023

The report highlights the following insights: Average Daily Rate (ADR) & Occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. 1 PMS, No.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction. Track performance.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52