SiteMinder
NOVEMBER 15, 2022
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.
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.
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Little Hotelier
MARCH 25, 2024
Three of the most common hotel forecasting methods include: Revenue management forecasting: Used to predict future demand. These forecasts allow you to implement revenue optimisation strategies based on anticipated occupancy. Understand exactly when peak and low periods occur throughout the year.
Hotel Business
MARCH 16, 2023
In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. Meanwhile, ongoing travel restrictions in the Asia Pacific region kept the booking window five days short of the 2019 average. Length of stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.
SiteMinder
OCTOBER 9, 2023
Revenue and profit are always important, but more specific KPIs around average length of stays may not always be as integral to highlight in hotel metrics reports. CPOR – Cost per occupied room lets you identify the average cost per occupied room to give you an idea of how healthy your cost of acquisition is.
Little Hotelier
NOVEMBER 6, 2023
What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market.
Cloudbeds
APRIL 8, 2024
Booking engines integrated with a pricing intelligence engine or revenue management system can help you price more strategically using automation, adjusting rate plans and room types based on demand, seasonality, and other factors. If you rely too heavily on OTAs, you risk giving away your profit in commissions. Intelligent pricing.
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