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The data, comparing bookings at the same properties across nine markets 30 days before Easter in both 2024 and 2025, reveals stronger demand and travelers securing their accommodation earlier and increasingly looking beyond their home countries. This shift is occurring alongside changes in traveler origins. in 2025, compared to 87.21
If there’s a sudden change, for example, an influx of last-minute bookings hits the system, the platform can enable revenuemanagers to adjust room rates dynamically to maximize revenue. Why it’s important for hotels? Traditional analysis, however, has limitations, as it tends to correlate single factors in isolation.
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.
ALOS abbreviates ‘averagelength of stay.’ It refers to the average number of nights guests stay at your property over a given time. days on average. ALOS usually shifts throughout the year, depending on the season and its respective travel patterns. How do you calculate the averagelength of stay?
What is Yield Management? Yield management is a pricing and revenuemanagement strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Revenuemanagement is the focal point for hotels in today’s climate.
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. Travelers crave experiences. Are you wondering whether you need a hotel booking engine? Upsells and add-ons. Multiple rate plans.
What are travel statistics? Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Some highlights include: Air travel passengers are expected to reach 9.4
The report utilizes data gathered from thousands of properties globally to shed light on the current state of travel recovery, booking behavior post-pandemic, and travel trends influencing consumer behavior. Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.”
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 revenuemanagement decisions. What is hotel revenue forecasting? Your average daily rate. Your total revenue. Averagelength of stay.
What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenuemanagement. So what is revenue optimisation? Economic factors There will be periods of economic hardship when certain guests don’t have money to splurge on travel.
Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up. Online travel agencies make up the top two revenue generating positions in 79% of major destinations. The averagelength of stay is 1.93
One of the key reasons travelers are drawn to smaller, independent lodging properties is they provide personalized, intimate experiences. When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. What is hotel market segmentation?
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 revenuemanagement decisions. Monitoring this rate regularly can guide your revenuemanagement decisions. Market segments. Booking pace.
For hotels, that involves collecting and analyzing data across various sources, including your hotel website, social media channels, online travel agencies (OTAs), surveys, and more. This data can then be used to make changes to improve revenuemanagement, occupancy, guest experience, and operational efficiency.
Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” By leveraging a wealth of aggregated and anonymized data from across the globe, Cloudbeds identified trends shaping the travel landscape. The next most popular length of stay was three-four nights.
👉 Read Also - Hotel Bidding in 2025: The New Way to Get the Best Deal Yield Management vs. RevenueManagement While yield management and revenuemanagement are closely related, they serve different purposes in a hotel’s commercial strategy.
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