Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

TravelNet

APRIL 25, 2024

Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out. 2024 is shaping up to be a market-correction year: Inflation is expected to decline further and is currently outpaced by wage growth. Aggregate ADR was lower than the previous year.

Market 52

Market Marketing Occupancy Revenue 52

Hotelier Magazine

MAY 16, 2023

WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational market share product for the global hotel industry. Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy.

Average Length of Stay 52

Average Length of Stay Market Share Scale Occupancy 52

Amadeus Hospitality

FEBRUARY 28, 2023

The access to forward-looking insights from Amadeus’ Demand360 solution will offer the opportunity to shift market share and grow Ascott’s business.

Business 59

Business Occupancy Revenue Market Share 59

Hotel Business

OCTOBER 26, 2023

Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. economy brands gained market share of 100 basis points in the third quarter. The company’s U.S.

Pipeline 64

Pipeline Market Share Revenue Branding 64

Cloudbeds

FEBRUARY 26, 2024

Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024. 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

Hotel Business

JANUARY 9, 2023

2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. We expect it will continue to be a main driver in the market heading into 2023, particularly as demand for these accommodations soars and labor remains expensive and in short supply. By Shilpan Patel.

Revenue 116

Revenue Services Occupancy Travel 116

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. And it's having a huge impact on occupancy. And that means a lot of occupancy opportunity. Listen now! million weddings in 2022. Listen now!

Digital Marketing 52

Digital Marketing Market Share Hotels Occupancy 52

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. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Amadeus Hospitality

JUNE 27, 2023

The insights provide a clear snapshot of hotel occupancy and booking trends, along with information on which sectors are meeting, group size, and the size of their meeting space. Our ultimate goal is to give hoteliers and DMO/CVBs all the tools they need to develop strong marketing and revenue strategies to increase their market share.”

Business 52

Business Hospitality Average Daily Rate Events 52

Amadeus Hospitality

MAY 7, 2023

We look forward to further online visibility in the marketplace and using the latest tech tools to drive market share.” Scott Falconer, Executive Vice President, Media Solutions, Hospitality, Amadeus , said, “We are proud to announce the extension of a partnership that has already proven to be successful.

Market Share 52

Market Share Travel Market Marketing 52

Boutique Hotel News

APRIL 18, 2023

AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. Perhaps that could be a revenue management solution to increase occupancy rates and optimise revenue.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

SiteMinder

MAY 18, 2022

The goal is to generate the best possible revenue, to further expand market share and to position the property optimally through price.”. In addition, more occupancy does not necessarily result in more revenue. Taking a holistic approach also means looking at processes within the hotel, as well as the tech stack.”.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

Hotel Business

AUGUST 8, 2023

.” H1 highlights include: Americas H1 RevPAR up +11% YOY, EMEAA +42% and Greater China +94%, reflecting the differing levels of travel restrictions that were still in place in H1 2022 ADR up +7% vs. 2022, +11% vs 2019; occupancy up +9% pts vs 2022, just 1.3% pts lower vs. 2019 Gross system growth +6.3%

Branding 98

Branding Pipeline Scale Resorts 98

Xotels

AUGUST 15, 2022

Unfortunately, the average occupancy per person per room was actually 20% lower than normal, which made it impossible to reach the total revenue target, because the average room rate was totally off. Capturing more market share, or penetrating new markets was just not in their mindset. Hold on, it gets even funnier.

Hotels 59

Hotels Market Marketing ROI 59

Catala Consulting

AUGUST 30, 2022

A few metrics to include in your SWOT analysis include: Average daily rate Sales circle length Event Activity Web traffic percentage of direct bookings Percentage of occupancy Revenue per available room Customer feedback, comments on social media, online reviews, and feedback.

Hotels 52

Hotels Average Daily Rate Revenue Business 52

eZee Absolute

SEPTEMBER 27, 2023

To check the effectiveness of your USP, you’ll want to track key performance indicators (KPIs) such as: Occupancy Rates : See if more rooms are getting booked. Market Share : Compare how well your hotel is doing compared to others in your area. If yes, this is a good sign that your USP is working.

Market 52

Market Marketing Market Research Hotels 52

SiteMinder

FEBRUARY 8, 2024

Appealing to the Chinese travel market means you can enjoy the benefits of: Significant market size : China boasts one of the largest outbound tourism markets in the world. By tapping into this demographic, hotels can access a vast pool of potential guests, increasing occupancy rates and revenue.

Travel 52

Travel Market Marketing Tourism 52

Xotels

APRIL 3, 2024

Advance Sales: The hotel product, represented by rooms, can be sold in advance, enabling revenue managers to strategically plan and optimize occupancy levels over time. Market Segmentation: The hotel market is intricately segmented, accommodating diverse customer groups, including groups and promotional segments.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Catala Consulting

JULY 13, 2022

If you can efficiently reduce operation without affecting the quality of your overall service delivery, then you can proceed with it Conclusion As you work through the list in this guide, find out if reducing costs is a viable option for your hotel and the possible impact it’ll have on your customer service.

Operations 52

Operations Hotels Revenue Revenue Management 52

Hotelier Magazine

APRIL 4, 2024

CBRE’s Canadian Hotel Industry Outlook Report (Q3 2023) projects strong and stable occupancy and Revenue Per Available Room (RevPAR) growth for the Canadian hotel industry through to 2027. Occupancy is projected to remain at a profitable 66 to 68 per cent, with RevPAR growing to $140 by 2027.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

Hotelogix

OCTOBER 14, 2023

Occupancy Rate This term known as occupancy rate is used to express a percentage of rooms which are occupied for a particular period of time. The occupancy rate is found out by dividing the number of occupied rooms with the total available rooms. The rate of occupancy is crucial to plan the operations of the hotel business.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Hotel Speak

FEBRUARY 26, 2024

Key findings from the report include: Occupancy patterns are projected to remain consistent in 2024. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.

Average Daily Rate 86

Average Daily Rate OTA Overbooking Travel 86

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

MARCH 6, 2023

Rate Insight+ offers hoteliers a comprehensive view of competitive short-term rental and hotel pricing in their specific market, providing crucial data to enable better pricing decisions based on demand, occupancy, and rates in their market, according to the company.

OTA 59

OTA Market Share Occupancy Accommodation 59

Xotels

AUGUST 9, 2021

Google is taking the hotel industry by storm to gain market share and grow their advertising revenues. We will take a look at how Google is penetrating the hotel distribution vertical with Google Hotel Ads, and what opportunities this gives in terms of hotel revenue management and marketing. From Hotel Finder to GHA.

Hotels 52

Hotels Market Share OTA Cancellation 52

Travel Media Group

SEPTEMBER 6, 2023

This is when our hotels get the most stressed, as far as, you know, occupancy coming in and could uncover, we’ve talked about it before, could uncover some patterns and trends that might have been issues in the slower season, but now have become bigger problems in the summer. We’re gonna express, you know, maybe why that is.

Travel 79

Travel Services Occupancy Market 79

Travel Media Group

MARCH 1, 2023

We’re always looking ahead as hoteliers, what’s the next occupancy driver in our market? Where do we need occupancy? They’re looking for opportunity to capture more market share. They might have done that hotel marketing strategy that you talked about at the end of the year.

Hotels 52

Hotels Travel Market Marketing 52

Bookassist

NOVEMBER 4, 2022

[Joanna] Despite hoteliers’ concerns at the start of the year, the number of bookings and occupancy rates during this summer in Poland were actually at a reasonable level. That takes time, building brand awareness in a new market. The IGHP data is in line with the data collected directly by Bookassist in Poland.

Market 52

Market Marketing Management OTA 52

Travel Media Group

JULY 6, 2023

We talked about this on this podcast about how to attract Gen Z and how to capture market share from Gen Z travelers. You’re certainly gonna put yourself in the best position to capture occupancy. But the sh the conversation then shifted to Gen Z. And we’re gonna hear more and more about this. Travel is taking off.

Hospitality 74

Hospitality Travel Events Occupancy 74

Travel Media Group

FEBRUARY 8, 2023

So a lot of opportunity out there for occupancy for sure. How do you reach travelers digitally and make sure you’re in the best position to capture more market share? You know, like we said, that guest experience is truly crucial to market share. You spoke to how you guys really at OCI lean into technology.

Hospitality 52

Hospitality Travel Market Marketing 52

Travel Media Group

DECEMBER 21, 2022

Not only on the occupancy side business and business travel to pick up on that sector, which is really lagging behind leisure, but to also come face-to-face with our hoteliers that we haven’t seen. One of my favorite pieces of this podcast episode is we get kind of a sneak peek into what Travel media group might be working on.

Events 52

Events Travel Market Marketing 52

Travel Media Group

OCTOBER 26, 2022

But at the same time, we continue to see that we have not scaled back in occupancy and what the premium that people will place on a great experience if you’re willing and able to deliver it. I think that those days that we really dreaded looking at our occupancy report, right? You’re gonna capture more market share.

Hospitality 52

Hospitality Market Marketing Operations 52

Travel Media Group

JULY 19, 2023

We are also working to really focus on demand generation and capturing demand and occupancy as it sort of stabilizes and resets to a degree. So for example, you know, we may have some hotels that summertime is their peak travel time and it’s their peak occupancy months. That was a huge initiative for us back in April.

Hospitality 75

Hospitality Market Marketing Business 75

Travel Media Group

AUGUST 24, 2022

And they were trying to maybe steal some of that market share. These were these kind of 30 to second clips that users could share on Instagram kind of like Tik Toks in order to either promote things on property, promote amenities, breakfast options like we just talked about. Other than out of necessity.

Travel 52

Travel Digital Marketing Market Marketing 52

Travel Media Group

JANUARY 16, 2024

Uh, so from a priority standpoint, it’s always staying focused on revenue enhancement with the primary measure being, you know, market share changes, right? Charles Oswald: It was Brighter Minds, marketing minds than mine. Then our customer experience, our profit management, and our team member engagement.

Hospitality 52

Hospitality Digital Marketing Management Market 52