Cancellation Closing Events Occupancy 
SiteMinder
JUNE 12, 2024
This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. Optimising Occupancy : Hotels have a fixed number of rooms, making it essential to ensure high occupancy rates. Our smart hotel platform helps you do exactly that.
Inn Quest
OCTOBER 17, 2023
That being said, this blog explores some best practices for avoiding overbooking in the hotel industry as well as how to accurately track occupancy rates and manage inventory across multiple channels. However, when guests don’t cancel as expected, it can lead to overbooking. The question yet remains: is it the right thing to do?
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Little Hotelier
OCTOBER 11, 2023
This is exciting for your business because it presents an opportunity to push the limits of your occupancy and cash-in on increased revenue. hotels should consider a number of local factors, such as the climate, local holidays and events, school terms and target guests. Learn more When is peak travel season for hotels?
SiteMinder
DECEMBER 4, 2023
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% The average cancellation rate is 20%. Average US occupancy rate is just under 65%. Hotel market revenue is worth close to $22 billion.
Hotel Business
MAY 18, 2023
We are entering the time of year when the likelihood of wildfires, lightning, heavy rain, tornadoes and tropical storms significantly increases, and so does hotel and resort occupancy. All it takes is one significant weather event handled poorly. The plan should outline the steps before, during and after a severe weather event.
Travelboom Marketing
MARCH 12, 2024
This company, along with others like VRBO , keeps hoteliers on their toes as they continue to compete for occupancy in both top destinations and less-traveled locations. Tailor your specials around area events like shows, festivals, and conferences. Increase mid-week occupancy by offering a deep discount or convincing deal.
SiteMinder
OCTOBER 15, 2023
For example, in the morning you may have lower rates because your occupancy is low and demand is not strong. Dynamic pricing can be an important strategy for a hotel that’s looking to optimise occupancy and maximise profit. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.
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