Hotel Business

FEBRUARY 22, 2023

Travelers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travelers booked with more commitment to travel than the year prior.

Travel 102

Travel Average Length of Stay Average Daily Rate Cancellation 102

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

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It can be calculated by multiplying your average daily rate by your occupancy rate.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. Average Daily Rate or ADR The Average Daily Rate or ADR is a popular KPI for hotel industry.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Little Hotelier

AUGUST 29, 2023

Top strategies to increase hotel ROI Increasing knowledge and making smart investments is crucial for B&B operators. Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Here are four hotel investment strategies you should be investing your money in… 1.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

SiteMinder

FEBRUARY 13, 2023

Travellers incrementally increased their hotel stays, with the average length of stay growing only slightly in 2022 to 1.93 Stays booked to Spain in August were the longest globally, at 2.65 Overall, travellers booked with more commitment to travel than the year prior.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the cornerstone of successful hotel operations. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. By tracking real-time data from online reviews, accommodation operators can measure overall guest satisfaction and ratings by department.

Operations 40

Operations Revenue Management Occupancy Revenue 40