SiteMinder

OCTOBER 10, 2023

Here’s how to get started: Understand key metrics Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Total Revenue are essential metrics included in comprehensive revenue forecast reports. The more data you can gather, the less uncertainty you’ll have and the stronger your plans will become.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

MAY 16, 2023

Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

Little Hotelier

AUGUST 29, 2023

For example, Little Hotelier lets you generate reports for: Average occupancy rate Average length of stay Average lead time Average revenue per booking Revenue per available room Average daily rate Dollar value of cancelled reservations You can also get a detailed report of your revenue, check-ins, extras, and payments for any date range.

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Little Hotelier

NOVEMBER 6, 2023

The best revenue optimisation solutions will offer up insightful data to help guide your efforts.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. Hotel occupancy will increase 2.5%

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Cloudbeds

SEPTEMBER 18, 2024

Basic KPIs include average daily rate (ADR) , occupancy (OCC), revenue per available room (RevPAR), and average length of stay (ALOS). Revenue management KPIs. Examples of advanced KPIs include revenue per available room (TrevPAR) and gross operating profit per available room (GOPPAR).

Operations 40

Operations Revenue Management Occupancy Revenue 40

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. Analyze booking data for each segment to look for patterns such as: City of origin Booking channels Lead times Stay patterns (E.g., Personalization comes from knowing your guests.

Hotel Marketing 52

Hotel Marketing Market Marketing Average Daily Rate 52

SiteMinder

JUNE 2, 2022

Consider the following when actioning a revenue management strategy: RevPAR – Revenue per available room gives you an idea of your ability to fill your rooms at an average rate. It can be calculated by multiplying your average daily rate by your occupancy rate.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

JUNE 12, 2024

This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). Each channel has its own cost and reach, affecting the overall revenue.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

MARCH 16, 2023

The report highlights the following insights: Average Daily Rate (ADR) & Occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52