Hotel Business

SEPTEMBER 12, 2024

As we look ahead, LE’s report offers a detailed forecast of the anticipated supply growth. To learn how LE can support your business in accelerating revenue growth and expanding market share, reach out to us at 603-431-8740, ext. hotel landscape. 0025 or info@lodgingeconometrics.com.

Construction 111

Construction Pipeline Scale Hotels 111

Hotel Business

NOVEMBER 14, 2023

In her new role, she will lead the company’s revenue and commercial strategy, overseeing all revenue management, pricing, analytics, forecasting and channel distribution initiatives. Third-party management company Resolute Road Hospitality has appointed Andrea Pace-Mickley as senior corporate revenue manager.

Revenue Management 59

Revenue Management Market Share Revenue Forecasting 59

Cloudbeds

JULY 4, 2024

Here’s the MPI formula: MPI = (Hotel Occupancy / Compset Occupancy) * 100 This formula finds the actual market share obtained by dividing the hotel’s occupancy by the competitors’ occupancy. This automation and immediacy deliver more accurate demand and price forecasts and reduce the risk of human error.

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

Hotelogix

DECEMBER 19, 2024

Picture a system that displays your hotel's current status and forecasts its future. Predictive Analytics Advanced hotel business intelligence software also has the ability to forecast future trends. Forecasting: Guessing how full the hotel will be and how much money it could make.

Business 40

Business Hotels Forecasting Revenue 40

Hotel Speak

SEPTEMBER 26, 2024

One week everything seems to be going fantastically, and the next week we’re forecasting next to nothing for the following month. This short lead time makes it difficult for hoteliers to forecast demand. Predicting, forecasting and setting budgets and rates for 12 months out is just very difficult,” Siberry said. “It’s

Market 104

Market Marketing Hotels Forecasting 104

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

Hotel Business

APRIL 15, 2024

This is 61 basis points higher than previously forecast. Food for thought Short-term rentals continued to take market share in February. Key takeaways from the report include: Economy CBRE raises 2024 GDP growth outlook fueled by the first quarter. CBRE expects first-quarter GDP growth of 2.1% decline in hotel demand.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Travel Media Group

MARCH 16, 2022

Host Ryan Embree discusses how hotels can position themselves to capture market share and secure bookings from both engaged couples and wedding guests. So this is according to the Knot, "wedding venues near me," search terms are up 200% since the thick of the pandemic and there are forecasted to be 2.6 Listen now! Listen now!

Digital Marketing 52

Digital Marketing Market Share Hotels Occupancy 52

Hotelogix

AUGUST 6, 2024

Utilize data analytics to forecast demand accurately and adjust prices in real-time. Increasing your Hotel's Market Share Growing your market share requires strategic marketing and distribution efforts. Dynamic pricing strategies: Move beyond static pricing and adopt dynamic pricing for rooms.

Revenue 52

Revenue Management Upsell Target Marketing 52

SiteMinder

AUGUST 1, 2024

Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share. Improve forecasting: You can analyse competitor rate changes to predict demand fluctuations and adjust your pricing accordingly.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

STAAH

JULY 8, 2024

Data-Driven Pricing Strategies Dynamic Pricing: Implement dynamic pricing strategies to adjust room rates based on demand, competitor rates, and market conditions. Use data analytics to forecast demand and set competitive prices that attract budget-conscious travelers without compromising revenue.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? The difference between Yield Management and Revenue Management is in the overall strategy, including in-depth analytics and forecasting.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 40

Revenue Management Revenue Management Ancillary Revenue 40

Amadeus Hospitality

SEPTEMBER 26, 2023

In addition, partnerships with technology companies and data sharing initiatives, like those facilitated by Amadeus, enhance the rental car industry’s ability to forecast travel patterns and improve overall performance.

Services 62

Services Travel Consumer Business 62

gcommerce

FEBRUARY 13, 2023

Must-Have Hotel Marketing Channels in an Economic Downturn: Metasearch (Google Hotel Ads, TripAdvisor, Kayak, Trivago, etc.) Online Travel Agent sites (OTAs) compete heavily on these channels to steal market share. As some hotels pull back their budgets on paid search, there is a real opportunity to win market share.

Digital Marketing 52

Digital Marketing Market Marketing Cost Per Click 52

Inn Quest

APRIL 5, 2023

Yield management allows hotels to stay competitive in a crowded market, increasing their market share and revenue. Yield management also allows hotels to forecast demand and plan their inventory accordingly, ensuring enough rooms are available during high-demand periods and minimizing the risk of overbooking.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Catala Consulting

AUGUST 30, 2022

You may want to consider the following factors: Revenue and Forecasting report Sales, revenue, and forecasting reports are essential in this industry. Market share index A market share involves determining your hotel’s performance against your competitors.

Hotels 52

Hotels Average Daily Rate Business Revenue 52

Hotelier Magazine

JULY 9, 2024

This dynamic between supply and demand is expected to continue in 2024, but softer RevPAR growth is certain, forecasted to grow 2.2. Due to the lack of affordable housing and rentals, some hotels were used as housing. The post Canada’s hotel industry experiences growth and recovery in 2023 appeared first on Hotelier Magazine.

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline Hotels 52

Cloudbeds

SEPTEMBER 18, 2024

Revenue managers, leveraging artificial intelligence (AI) and machine learning (ML) combine external data like market demand and competitor activity with internal data like historical performance and future demand to guide dynamic pricing decisions, inventory controls, promotions, and demand forecasting. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. is a hotel analytics company founded in 1985 as Smith Travel Research. In other words, the higher your index number, the better your hotel is performing.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

MediaBoom

APRIL 3, 2023

The Segments of the Global Luxury Watch Market The luxury market is segmented by distribution and product channels. The market is divided into electronic and mechanical watches. The mechanical segment has a large market share and will continue to dominate for the foreseeable future. CAGR in the forecast period.

Market 52

Market Marketing Digital Marketing Sales 52

Catala Consulting

JULY 13, 2022

It can also help forecast unexpected dips and demands that will be instrumental in the control of labour expenses and reduction in variable expenses. By reducing the number of service providers and choosing the relevant ones, you will be able to cut costs tremendously and save money.

Operations 52

Operations Hotels Revenue Revenue Management 52

Travel Media Group

DECEMBER 21, 2022

As we think about international travel being forecasted to continue to grow, we wanted to ensure that all reviews are consistently responded to with the depth of quality that we’re already known for. And so with this addition, our partners can now connect with their international travelers like never before.

Events 52

Events Travel Market Marketing 52

Travel Media Group

MARCH 22, 2023

Rob Mangiarelli : Yeah, a lot to unpack there and I’ll preface it by saying we’ve, demonstrated our inability to forecast but what I, what I would say, let’s start with group, cause you mentioned group. So are you targeting those travelers differently? We’re a very group heavy company. The makeup of our hotels.

Hospitality 98

Hospitality Services Business Digital Marketing 98

Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.

Average Daily Rate 110

Average Daily Rate OTA Overbooking Travel 110

Cloudbeds

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds, said : “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

gcommerce

MARCH 16, 2023

Those who understand these trends will benefit with long term growth and market share. At GCommerce, we are organizing our hotel marketing services and our client advocacy around these trends. Leading Indicators *A leading indicator is a measurable set of data that may help to forecast future economic activity.

Digital Marketing 98

Digital Marketing Business Market Marketing 98

Catala Consulting

MAY 1, 2025

Youre paying monthly for competitive data feeds, market intelligence, and algorithm-driven rate suggestions. Your team attends vendor trainings, updates the forecast, and keeps the strategy optimised. Your market share index is inching in the wrong direction. Youve checked every box. But then reality sets in.

Revenue Management 52

Revenue Management Revenue Management Sales 52