SiteMinder

NOVEMBER 30, 2023

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

Travel 52

Travel Accommodation Tourism Hotels 52

SiteMinder

FEBRUARY 25, 2024

Table of contents Latest news in the hospitality industry A year of increased stability and growth At the beginning of 2023 the focus was firmly on growth, particularly given the effects of COVID on the travel sector over the preceding years. decrease in occupancy during December. In other news: Hotels in London experienced a 4.2%

Hospitality 52

Hospitality Cancellation OTA Tourism 52

Hotelogix

NOVEMBER 12, 2023

Plus, it also provides you with information on rooms per day (RPD) and occupancy percentage for the past 10 days and its forecast for the next 30 days. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc. You can run the report by check-in or checkout date.

Management 59

Management Occupancy Average Daily Rate Revenue 59

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. This adds a layer of reliability to your occupancy rates.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

MAY 16, 2023

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. What are the benefits of offering midterm rentals during the summer months?

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

SiteMinder

MAY 25, 2023

Additional data shows that over 80% of travel bookings are abandoned, compared to the general average of around 70%. The bottom line is that hotels can lose millions of dollars in revenue due to abandonment, especially when you also consider that guests may book a room before delaying payment, and then cancelling altogether.

Revenue 98

Revenue Cancellation Accommodation Hotels 98

Little Hotelier

JULY 31, 2023

It’s designed to maximise hotel occupancy through its distribution channels. It’s a powerful tool that can help you drive maximum occupancy and increase your hotel’s visibility. You can access reports on your bookings, cancellations, and revenue, helping you to understand trends and make informed decisions.

Cancellation 52

Cancellation Overbooking OTA Occupancy 52

TravelNet

DECEMBER 5, 2022

Introduction Hopper is an award winning OTA with over 80M captive users in North America and was the most downloaded travel app in 2021. Hopper is an award winning OTA with over 80M captive users in North America and was the most downloaded travel app in 2021. Their Homes/Vacation Rental marketplace launched in Jan 2022.

OTA 52

OTA Cancellation Travel Management 52

Hotelogix

DECEMBER 25, 2023

The integration allows real-time rates and inventory updates across multiple online sales channels, including OTAs and metasearch engines. It leads to rate and inventory parity, improved channel visibility, and enhanced market reach to attract a broader traveler base. Ultimately, all these result in more sales and revenue. 

Revenue 59

Revenue Sales Hotels Shopping 59

SiteMinder

JANUARY 8, 2024

There are always new strategies, traveller preferences, or industry technologies emerging to keep track of. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Alternate operations in hospitality often rely on the success of the travel and tourism sector.

Operations 59

Operations Management OTA Hotels 59

Travelboom Marketing

SEPTEMBER 1, 2023

Hotels are experiencing a major shift in traveler behavior, including the most recent demands from guests. In the latest TravelBoom Leisure Travel Trends Study , we recognize the importance of loyalty programs for hotels. However, when it comes to hotel loyalty programs travelers from ages 18 to 80 agree. 35 and Under 65.5%

Ancillary Revenue 52

Ancillary Revenue Upsell Hotels Travel 52

SiteMinder

JANUARY 8, 2024

There are always new strategies, traveller preferences, or industry technologies emerging to keep track of. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Alternate operations in hospitality often rely on the success of the travel and tourism sector.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

SEPTEMBER 7, 2023

Reservation cancellation fees These are charged when guests cancel their bookings, especially if done at the last minute. Extra person fees For rooms exceeding the standard occupancy, an extra person fee is charged to cover the additional costs of amenities and services.

Revenue 105

Revenue Hotels Services Cancellation 105

eZee Absolute

JANUARY 9, 2023

Leverage the power of OTAs. If you have been thinking of targeting this group of travelers, then here are some of the benefits you would love to learn about: 1. By catering to the needs of these travelers, hotels can attract a new segment of guests who may not have considered the hotel in the past. Leverage the power of OTAs.

OTA 52

OTA Hotels Accommodation Travel 52

Little Hotelier

NOVEMBER 6, 2023

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. The best channel managers allow you to seamlessly connect with all of your OTAs and channels, and give you clarity and control over all pricing.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

NOVEMBER 15, 2022

Google is no longer just a search engine and a verb, but also one of the top places where travellers begin their hotel search. The same applies to Google’s hotel product, which provides users with a simple way to browse and explore hotel options wherever they may want to travel. What is the conversion rate?

Cost Per Click 105

Cost Per Click Hotels Cancellation Management 105

STAAH

NOVEMBER 8, 2022

Like many other areas in travel and hospitality, revenue management has dramatically changed in the last two years. With most hoteliers still relying on domestic travellers, the prime booking window is 0-3 days for business properties, out of which same day booking is the strongest,” says Kamal Kishore from Redsky Hospitality.

Revenue Management 71

Revenue Management Revenue Management Forecasting 71

Fuel Travel

JUNE 27, 2023

In addition to express check-in capabilities, advanced mobile app software also features user-friendly planning tools like an itinerary builder, guest-to-staff direct messaging, and a built-in booking engine that helps reduce OTA reliance and makes it easier for guests to make a reservation to your hotel. Schedule a hotel mobile app demo.

Hotels 78

Hotels Cancellation OTA Occupancy 78

Clock Software Hospitality

NOVEMBER 3, 2020

Here are some of the ways in which hotel PMS solutions can aid a hotel in improving daily operations: Increase RevPAR via Direct Bookings Online travel agencies (OTAs) allow hoteliers unlimited access to a large pool of potential guests, charging a commission for every booking made through them.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

Hotelogix

OCTOBER 18, 2023

This leads to better utilization of room inventory and maximizes occupancy rates. Provides Multi-channel Distribution Integration with various distribution channels like online travel agencies OTAs and global distribution systems GDS expands your hotel's reach to a worldwide audience.

Business 40

Business Global Distribution System Cancellation Hotels 40

Little Hotelier

JULY 6, 2023

Agoda is a renowned online travel agency (OTA) with a global reach, offering a platform for property owners to list their accommodations and attract potential guests from all over the world. This includes confirming reservations, handling cancellations, and responding to guest inquiries. What is an Agoda listing?

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

Q4Launch

FEBRUARY 3, 2022

Research Booking Pre-Arrival Arrival Occupancy Checkout / Departure Post-stay Research For us, this is called the “Dreaming” phase of the travel life cycle. For example, overly strict cancellation policies can deter some potential guests. Everything should be about the guest experience.

Marketing Strategy 52

Marketing Strategy Upsell Occupancy Hotels 52

Clock Software Hospitality

JANUARY 12, 2021

Travel and accommodation have always gone hand in hand, and in a global economy, it is impossible to imagine what life would be like without either. Potential guests are naturally wary of travelling during a global pandemic, and this is beginning to take a toll on the industry at large. do so under much scrutiny and restrictions.

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Cloudbeds

FEBRUARY 28, 2024

When travelers make a hotel reservation, they expect a seamless experience , or they may decide to stay elsewhere. For hotels, meeting this expectation means moving away from manual processes and investing in booking software that allows travelers to book a room when they want on the channel of their choice. Generate more revenue.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

Inn Quest

AUGUST 15, 2023

Hotels face a daunting challenge as travelers seek convenience and competitive prices: how to efficiently manage their room inventory across multiple online distribution channels while maintaining real-time updates and avoiding overbooking. This is why hotel channel manager software is in demand nowadays.

Management 52

Management Global Distribution System Overbooking OTA 52

Xotels

APRIL 3, 2024

Also, gone are the days of selling the majority of your rooms through OTAs. Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Focus on what leisure travellers want to add value to their stay.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

SiteMinder

NOVEMBER 15, 2022

Some hoteliers love using this strategy to boost their revenue and protect their property from losing out due to last-minute cancellations. However, you can minimise the risk of having to walk travellers if you have a solid overbooking strategy. Check your data to see how many cancellations and no-shows you can expect.

Overbooking 52

Overbooking Cancellation Occupancy Closing 52

Cloudbeds

APRIL 2, 2024

The number of booking channels lodging businesses must manage has expanded exponentially, from their website to online travel agencies , bed banks, GDS’, and metasearch engines. room types, maximum occupancy, stay restrictions, etc.), The most effective distribution strategies in the hospitality industry are dynamic.

Revenue Management 52

Revenue Management Occupancy Revenue Hotels 52

Inn Quest

MAY 11, 2023

With travel restrictions lifted, hotels are gearing up to welcome guests again. By drawing in more visitors, raising occupancy rates and enhancing profitability, a thoughtful pricing strategy can help hotels maximize their revenue. Even if occupancy rates do not rise, this can help hotels raise their profit margins.

Revenue 88

Revenue Occupancy Hotels Market 88

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Connecting To Online Travel Agents Partnering with a variety of online travel agents is necessary for B&Bs to connect with global customers. Your occupancy rates? Your direct bookings?

ROI 98

ROI Average Length of Stay Hotels Revenue 98

TravelNet

JUNE 26, 2023

With economic uncertainties, travelers are more cautious and are likely to spend less than they used to. Take time to reexamine your cancellation policy, rates, and fees. Offering discounted rates or special promotions for these nights can attract last-minute travelers and maximize occupancy.

Revenue Management 52

Revenue Management Revenue Occupancy OTA 52

Cloudbeds

MARCH 20, 2023

One of the key reasons travelers are drawn to smaller, independent lodging properties is they provide personalized, intimate experiences. Transient These guests are individuals traveling for business or leisure. Some hotels break down transient business into subgroups such as OTAs, direct bookings , packages, and consortia.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

JANUARY 9, 2024

Ideally located in the picturesque countryside between Cologne and Bonn, three traditional hospitality institutions – the Kronprinz , the Augustin , and Hotel Hangelar – have long been a mainstay for both leisure and business travellers, many of whom have been returning for years and have many a fond memory of conferences, weddings, or vacations.

OTA 59

OTA Occupancy Revenue Hotels 59

SiteMinder

OCTOBER 10, 2023

Agoda, being one of the leading online travel agencies (OTAs), provides a vast and valuable audience. In the cases of the best hotel channel managers , this availability is then synced across all other OTAs as well, such as Booking.com – a channel manager is OTA agnostic.

Management 59

Management Overbooking OTA Hotels 59

Xotels

AUGUST 9, 2021

Originally, moreover, published rates were solely coming from third-party advertisers (such as OTAs), while the official websites were only visible thanks to a backlink to brand.com, not unlike TripAdvisor.com ‘s Business Advantage. . Google in Travel: Some History. But how did we get here?

Hotels 52

Hotels Market Share OTA Cancellation 52

Cloudbeds

JULY 15, 2023

After all, travelers can’t book a property they don’t find! And when you receive a new booking from an OTA, it will show up in your Channel Manager (and PMS /CRS), and that room’s availability will be closed automatically across all distribution channels. The same happens with a cancellation.

Management 76

Management OTA Cancellation Overbooking 76

Little Hotelier

FEBRUARY 5, 2024

This feature enables guests to make bookings through the hotel’s website, increasing direct bookings and reducing reliance on third-party booking platforms and avoiding OTA fees. One popular feature includes tracking how rooms are sold across major OTAs and how rates stack up against competitors. Cancel anytime.

Management 59

Management Overbooking OTA Accommodation 59