article thumbnail

Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Online travel agencies make up the top two revenue generating positions in 79% of major destinations.

article thumbnail

What is a channel manager? All you need to know

Cloudbeds

For growing hospitality businesses, a channel manager is a fundamental part of successful revenue management and distribution strategy. Higher ROI Channel Managers create new ways to sell existing inventory, resulting in a higher return on your investment in both your sales and marketing efforts.