Hotel Business
NOVEMBER 10, 2023
According to data from CBRE , third-quarter hotel demand in the U.S. year-over-year (YOY) and supply increased 0.5%, which led to a 1% drop in occupancy for the period. RevPAR decreased 0.3%, as the modest occupancy decline was partially offset by the rise in ADR. Hotel wage growth of 4.7% decreased 0.5%
STAAH
APRIL 16, 2024
To help you navigate this decision-making process, let’s explore the essential features to consider when selecting an RMS for your hotel. An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts.
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SiteMinder
OCTOBER 15, 2023
Booking channels are platforms by which your hotel can accept reservations online or offline. They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. Table of contents Why are online booking channels important for hotels?
SiteMinder
DECEMBER 4, 2023
What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year.
SiteMinder
DECEMBER 22, 2022
Before we look at the top blogs overall, here are three that hoteliers found fascinating for different reasons: The passion for customer experience was strong – Guest experience in hotels: How to achieve complete customer satisfaction was viewed by almost 40,000 individual readers in 2022. Check your inbox, we've sent you an email.
STAAH
FEBRUARY 7, 2023
As the markets have opened up and travel continues to rise, Hoteliers should not ignore this important market segment – Corporate clients to maximize occupancy and revenue. In the hotel industry, corporate clients can represent a significant source of revenue, as they often book rooms for business travel, conferences, and other events.
Inn Quest
SEPTEMBER 5, 2023
At a glance: What is Hotel Inventory Management? Managing your hotel’s inventory efficiently can significantly impact your bottom line, guest satisfaction and overall operational effectiveness. Firstly, What is Hotel Inventory Management? Let’s get started! Inventory here includes food, beverages, and kitchen equipment.
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