Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotelogix

NOVEMBER 13, 2023

The answer to this question is quite simple – if you charge too high, you will lose customers to your local competition that offers reasonable rates for more or less the same type of accommodation and services. You should modify your room pricing either based on maximum length of stay or minimum length of stay to enhance occupancy.

Revenue 52

Revenue Occupancy Minimum Length of Stay Forecasting 52

Xotels

APRIL 3, 2024

Key factors considered in market segmentation include length of stay , day-of-week stays, total revenue per room , total revenue per client, booking lead time, cancellation percentage, and no-show ratio. Mix of business and leisure amenities and services (see how to target the bleisure market ).

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40