Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Little Hotelier

AUGUST 29, 2023

Unique B&B Signage Signage is your chance to advertise to passing guests who haven’t yet booked their accommodation for the night. How to evaluate hotel investment It’s tough for small accommodation providers. Income: Forecasted and other expected revenue. rent): No connection with business activity. Variable costs (eg.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

Little Hotelier

JULY 10, 2023

Hotels and other accommodation providers actively use MLOS policies to take advantage of periods of high demand, especially if they are coming out of a low period. If you notice this happening a lot at your property, you can feel free to set 7+ minimum night stay. The post Minimum stay (MLOS): What is it and how can it be used?

Minimum Length of Stay 75

Minimum Length of Stay Occupancy Average Length of Stay Revenue 75

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average booking lead time for hotels is 29.7 million people.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Artificial intelligence will become an accommodation recommendation tool for 68% of millennials.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

SEPTEMBER 18, 2024

By tracking real-time data from online reviews, accommodation operators can measure overall guest satisfaction and ratings by department. Many properties supplement review data with customer data from post-stay surveys sent through guest messaging apps. Revenue management KPIs. Transform your data with Cloudbeds.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Cloudbeds

MARCH 20, 2023

For example, guests who book a package spend more on property because accommodation is bundled with other services like breakfast and parking. Segmentation allows accommodation operators to tailor guest experiences to better meet needs and expectations. Maintain a diverse distribution strategy. Improve the guest experience.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52