Remove Cancellation Remove Events Remove Market Research
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Mews Survey Reveals 68% of Travelers Favor Personalized Experiences Over Traditional Hotel Rewards

Hospitality Tech

It was conducted by market research company Talker Research, whose team members are members of the Market Research Society and have corporate membership to the American Association for Public Opinion Research (AAPOR) and the European Society for Opinion and Marketing Research (ESOMAR).

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What is Yield Management: Guide for Hotels

SiteMinder

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. This data-driven approach allows hoteliers to make informed decisions about pricing, promotions, and packages based on historical data, market trends, and forecasts.

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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average cancellation rate is 20%. It’s released on a global scale and can be segmented by country to, to give hotels unique insights into their own market. The average length of stay is 1.93

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ALICE by Actabl completes integration with Maestro PMS

Hotel Business

We initially identified Maestro as an ideal partner for an integration with ALICE by Actabl since our market research indicated that we are well matched in market size and scope, with many mutual hotel customers across the U.S. and Canada,” Summer Guan, director of product integration, Actabl, told Hotel Business.

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Hotel Revenue Management Strategies

Xotels

Understand your Hotel´s Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research. The graph considers cancellations and identifies peak or slow booking days.

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Top Revenue Management Strategies for Hotels

Xotels

Understand your Hotels Market The success of your revenue management strategy depends on how well you understand your market. This is one of the first steps when creating a revenue management strategy, performing thorough market research. The graph considers cancellations and identifies peak or slow booking days.

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How to choose hotel revenue management software

SiteMinder

This dynamic pricing strategy takes into account various factors, such as seasonal demand, local events, competitor prices, and historical data, to set the optimal room rate at any given time. It uses data analytics to forecast hotel room demand, allowing hoteliers to adjust prices accordingly to maximise revenue.