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On average, guests booked their stays 192.5 Accor reports that, on average, bookings were made 90 days in advance, marking a 140% increase from the previous year. days this year, suggesting that the spike in bookings has primarily been fuelled by concertgoers choosing shorter stays focused around the event. “The
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
SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.
Consider booking patterns, cancellation rates, averagelength of stay, guest preferences for room amenities or dietary restrictions, website and app metrics, competitor rates, and market trends—the list goes on. DI helps hoteliers get more granular with their segmentation.
Expatriates, Digital Nomads, Students, and Business Travellers seek their new stay outside of their domestic countries for a longer stay. With 60+ million expatriates globally seeking a housing solution, there is a huge market for offering a long-stay of minimum 3 months , up to as much as allowed by the local laws.
Bangkok, Thailand Thailands Songkran festival has cemented itself as a drawcard for international travellers, with overseas guests now accounting for 86% of scheduled hotel check-ins between 10-17 April. Additionally, stays at Thailands hotels during Songkran week have extended by 7.3% year-on-year from 2.41 nights to 2.59
Industry leaders share their thoughts on the travel, hospitality and economic landscape in 2023. We also expect the demand for the bleisure segment to grow further, and for the averagelength of stay to grow from one or two nights to up to four nights.” . Those that travel will have higher expectations.
The companys growth has allowed it to attract a more resilient and higher income customer, including more business travellers who now represent 40 per cent of all stays. An AI-infused, streamlined group travel system that will help franchisees identify the optimal opportunity and respond to requests for proposals.
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?
With an averagelength 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. Our objective with YotelPad is slowing down, so we are targeting longer stay at around four to eight nights.
SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.
SiteMinder’s most recent Changing Traveller Report found that 36% of global travellers plan to incorporate work on their next trip. It’s also projected that by 2035 there will be a billion digital nomads travelling the globe. This was particularly true for Spain in summer, which had the longest averagestaylength in August.
This highlights the increasing interest in travel and hotels by consumers, ensuring the long-term viability and, ultimately, profitability for the entire hotel industry ecosystem.” As amenities reopen, group and FIT business travel return, and hotel revenues shift toward lower-margin F&B, spa, etc., So where the LOS is 2.1
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
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.
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 averagelength of stay in your property. Useful segments for your property may include but are not limited to: Length of stay. Leisure and business travel.
Occupancy, ADR, and RevPAR are all down compared to 2021 and 2022 (but higher than 2019); booking windows and averagelength of stay are down, and; shoulder season performance is slightly up. High prices on consumer goods mean more bargain hunting, making the shoulder and low seasons more attractive to thrifty travelers.
Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Dedicating a proportion of your budget towards signs will improve walk-in bookings and give your B&B brand a facelift.
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.”
The bigger your property, the longer your min stay can be Guests will often book larger properties for longer because there are more services and amenities available, and they may be in a larger city where there is more for travellers to explore. For example, leisure guests generally stay longer than business guests.
This appeals to the many travellers who are looking for a good deal and are flexible in terms of when they travel. With the averagelength of stay lengthening, IRS is an invaluable tool for hotels to sell and convert these longer-stay bookings. It also highlights the best offer of the day.
Business travelers, for instance, need promptness and effectiveness, while families demand warm, attentive treatment. AverageLength of Stay (ALOS): Like repeat guest rate and guest satisfaction survey results, ALOS can show how much visitors like their time at your hotel.
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
Ryan Embree: Yeah, and I think you stumbled on a topic we’re gonna be covering here in a minute, talking about group and business travel in those, you know, getting everybody together in a certain location. It’s kind of how, how that business travel is evolving. Ryan Embree: Yeah, you bring up a couple interesting points.
Economic factors There will be periods of economic hardship when certain guests don’t have money to splurge on travel. There will also be good times when more people are travelling than ever. An occupied room is almost always better than an empty room, but if you’re being regularly undercut you might face a high vacancy rate.
Distribution Management : Overseeing the various channels through which rooms are sold, such as direct bookings, online travel agencies (OTAs), or traditional travel agents. Pricing sensitivity Business travellers tend to be less price-sensitive than leisure travellers. in one day, week, or month.
Your average daily rate. Averagelength of stay. Ensure good quality data is collected, including specific channel performance, travel types (business or leisure for example), guest demographics, and drilled down metrics like RevPAR. Your occupancy rate. Your total revenue. Booking lead times.
In 2022 so far, HomeToGo has an averagelength of stay of 8 days with an average booking value of $2,100. With HomeToGo’s longer length of stay, Track property managers can reduce their operational costs with fewer turn days. Most importantly, HomeToGo is acting as a true partner.”
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. ” Why do you need market segmentation?
In its early days around 2007, Airbnb appeared to be positioned in a niche for budget-conscious travellers, who did not mind sharing their accommodation with their hosts. Say hello to digital nomads or travellers who also work. By adding experiences to their booking options, Airbnb increased its influence on the guests’ entire stay.
In your forecast report, this may include local and global economic conditions, local events, competitor activities, and emerging travel trends. Staying updated with these factors ensures that your revenue forecast is both comprehensive and accurate. Understand categories like business travellers or leisure guests to tailor strategies.
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. Third-party data includes everything gathered from partner channels, including online travel agencies and social media. Revenue management KPIs.
The findings come from Cloudbeds’ 2024 State of Independent Lodging Report , which suggests the surge in three to four-night stays may be an indication of the rising popularity of bleisure or blended travel, as more travelers take advantage of the flexibility of remote work to extend their stays.
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.
He said the companys growth has come because it attracts higher-income travelers. The average U.S. These are resilient travelers. Its about attracting higher-income travelers. Thats now shifted to 40% business travelers, which is a significant change in our customer mix and very exciting.
👉 Read Also - Expedia for Hotels: Reach Global Travelers in 2025 Implementing Yield Management at Your Hotel Step 1: Use a PMS or RMS with Forecasting Tools Choose systems that can predict demand and automate pricing suggestions based on real-time occupancy.
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