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‘Call it magic’: Coldplay fans drive hot demand for hotel rooms in Auckland, Sydney and Melbourne

Hotel Management

Accor occupancy up across all three cities At October 30, Australia’s largest hotel operator, Accor, reports an 18% lift in occupancy levels (10.7 Accor reports that, on average, bookings were made 90 days in advance, marking a 140% increase from the previous year. When compared to the same time last year, booking levels were at 45.6%

Occupancy 162
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How decision intelligence unlocks hotel data for better insights

Cloudbeds

While better than operating without data, this approach is reactive and inefficient, resulting in missed opportunities. In this article, we explore what decision intelligence is and the transformative effect it’s bound to have across demand optimization, segmentation, operations, and training and enablement.

Upsell 105
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How SiteMinder and Blueground unlock extended-stay revenue for hotels

SiteMinder

With remote work here to stay for many, corporate relocations surging, and travellers seeking more flexible accommodation arrangements, demand for stays lasting 30+ days is growing. For operators managing furnished apartments, aparthotels, or extended-stay inventory, this shift represents a significant revenue opportunity.

Revenue 52
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HB on the Scene: Michael Bluhm, Mit Shah offer investment insights at NYU Forum

Hotel Business

“If you can buy things between seven- and eight-cap and create operating leverage, you can turn that into a ten. That’s a 2x return—and that’s been our business.” “When you get that 30-plus night stay, you’re able to really run these with six to eight FTEs, housekeeping once every two weeks,” he said. operators,” he said.

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Measure your hotel’s performance with a RevPAR formula and more

Hotelogix

For example, a 100 room hotel property which has only 90 rooms operating, would need to take 90 as the base for applying a RevPAR formula. It is also beneficial in predicting the average rate at which available rooms are being let out by your hotel, thereby providing a valuable understanding of your hotel’s operations.

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Choice Hotels International Hosts 69th Annual Convention 

Hotelier Magazine

The event brought together thousands of owners, operators and industry partners for nearly 100 educational sessions, a trade show to connect owners with qualified vendors and brand sessions to hear from Choice leaders about recent performance success and where the company is investing to help drive revenue and lower costs.

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What is ALOS and how do you calculate it?

SiteMinder

ALOS abbreviates ‘average length of stay.’ It refers to the average number of nights guests stay at your property over a given time. days on average. How do you calculate the average length of stay? Understanding your hotel’s average length of stay can help you on several fronts.