Hotel Business

NOVEMBER 29, 2023

In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. index levels.

Market Penetration 64

Market Penetration Travel Forecasting Closing 64

Hotel Business

AUGUST 29, 2023

households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, In contrast to overall travel penetration which trails pre-pandemic levels, Omnitrak’s Leisure Travel Index continued to run above 2019 levels. travelers, the number of U.S. index levels.

Market Penetration 52

Market Penetration Travel Tourism Closing 52

Hotel Designs

SEPTEMBER 19, 2023

We are delighted that the employees of Ideal Standard will become part of our global organisation after the closing of the transaction. . “These include a pronounced service orientation, a flair for good design and a constant striving for innovation. Our clients will benefit from this combined expertise and an expanded offering.”

Market Penetration 105

Market Penetration Branding Sales Business 105

SiteMinder

OCTOBER 9, 2023

By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement. For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. So if the number is high it means greater profit with requirements of very less labor.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

SiteMinder

DECEMBER 7, 2023

Market penetration index (MPI), average rate index (ARI), and revenue generation index (RGI) : These are comparative metrics used to assess a hotel’s performance against its competitive set or the broader market. Length of stay (LOS) : This metric measures the average number of nights that guests stay at the hotel.

Management 59

Management Average Daily Rate Occupancy Revenue 59