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

Hotel Business

It’s not extended-stay,” he said. “The average length of stay at a Residence Inn is 3.4 It’s no different than the difference between high-street retail and suburban malls, or A-plus office vs. everything else.” And for $2,000 to $2,300 a month—about $75 a night—this is where you live.”

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Miniview: YotelPad Stratford – transforming micro-living into a design masterclass

Hotel Designs

There is retail and shopping, residential and offices. With an average length of stay at two night, we’re giving them the perfect room and facilities for a short stay in some of the busiest centres around the world. HV: Stratford is the future. Stratford is what people want right now.

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Reaction to KeyData Article About Trends Heading into 2024

TravelNet

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. KeyData’s October 2023 overview of industry trends reveals a few potentially worrisome trends as we head into 2024.

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Your complete guide to hotel market segmentation

SiteMinder

For example, when you identify the market segment that offers your hotel the longest stays you can focus on this segment to drive up the average length of stay in your property. Transient (including most retail, discounted and negotiated rates), group and contracted business are separated by their reporting guidelines.

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How to attract the right guests with hotel market segmentation (step-by-step guide)

Cloudbeds

Wholesalers resell rooms to third-party retailers like tour companies, travel agencies, and OTAs, who in turn sell the rooms to travelers. They can book well in advance or walk in last minute, typically reserve only one room at a time, and pay retail or best available rates (BAR). Identify booking behavior.