article thumbnail

‘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%

article thumbnail

Hotel Acronyms & Abbreviations: The 2025 Glossary Every Hospitality Professional Should Know

STAAH

A ADR – Average Daily Rate : The average revenue earned per occupied room in a given period. ALOS – Average Length of Stay : The average number of nights guests spend at the property. BEO – Banquet Event Order : A document outlining the details of an event for the operations team. corporate travel).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.

article thumbnail

Hotel terminology: A complete guide for hotel owners

SiteMinder

This standardized language streamlines daily operations, from front desk check-ins to revenue management, ensuring clear communication across all hotel departments and with industry partners. ADR ( Average daily rate ) Shows the average room revenue earned from sold rooms over a given period.

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.