Cloudbeds

OCTOBER 17, 2024

A basic strategy might involve listing your property on a few key online travel agencies (OTAs) like Airbnb and Booking.com and leaving it at that. By strategically analyzing revenue booked, occupancy rates, acquisition costs, and guest segments, hotels can build an advanced distribution strategy that delivers real value.

OTA 76

OTA Occupancy Hotels Revenue 76

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? You will find it below expressed in a simple formula: Occupancy x Rooms Available x Average Daily Rate (ADR) = Room Revenue Room Revenue can also be expressed in a KPI (key performance indicator) called Revenue per Available Room, or RevPAR.

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Cloudbeds

MAY 8, 2024

It also shows what type of guests are staying at your hotel and even what booking channels (direct, online travel agencies (OTAs), etc.) Occupancy rate indicates the percentage of utilization of hotel rooms. ADR (Average daily rate) is the calculation of the average price or rate of a hotel room charged for a given period.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

Hotelogix

JANUARY 30, 2024

The report also covers cancellations, no-shows, and temporary reservations for the day. Hotel POS Report The Hotel Point of Sale (POS) report is essential for monitoring daily sales and revenue from each POS outlet, including bars, restaurants, gift shops, and spas.

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

SiteMinder

SEPTEMBER 6, 2023

This allows you to maintain or even increase your average daily rate (ADR). Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled. Reduced cancellation risks : The closer the booking is to the stay date, the less likely it is to be cancelled.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Little Hotelier

NOVEMBER 6, 2023

The best channel managers allow you to seamlessly connect with all of your OTAs and channels, and give you clarity and control over all pricing. Referral programs People trust recommendations from other people – a fact that can make a referral program a hugely effective revenue optimisation tool.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Hotelogix

NOVEMBER 12, 2023

They help you understand percentage of rooms occupied, percentage of rooms occupied minus complementary and house use, average daily rate and total revenue of your hotel including POS,other charges, etc. You can also view the number of rooms that are marked as available, occupied, complementary, cancelled, no-show, day use, etc.

Management 59

Management Occupancy Revenue Average Daily Rate 59

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. They typically reserve directly with the hotel or through an online travel agency (OTA) or travel agent at non-negotiated rates. Personalization comes from knowing your guests.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

SiteMinder

JUNE 12, 2024

The use of yield management should factor in the costs of channels – from GDSs, OTAs, wholesalers, meta search sites and property websites to direct calls – and therefore how to better yield your inventory by channel, customer and more. This can involve overbooking strategies to account for last-minute cancellations or no-shows.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Little Hotelier

JULY 6, 2023

Agoda is a renowned online travel agency (OTA) with a global reach, offering a platform for property owners to list their accommodations and attract potential guests from all over the world. This includes confirming reservations, handling cancellations, and responding to guest inquiries. What is an Agoda listing?

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

Clock Software Hospitality

JANUARY 12, 2021

With public events cancelled, you are likely to be put in the position of providing guests with on-premise entertainment. While some of the popular sites like Booking.com and AirB&B are seeing a significant hit in interest, they have a unifying function which consumers appreciate, so with travel picking up once again, so will OTA bookings.

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

eZee Absolute

JANUARY 9, 2023

Leverage the power of OTAs. Have a higher average daily rate. Which is why it is imperative to offer flexible booking options, such as the ability to easily change or cancel reservations. Leverage the power of OTAs. Offer flexible booking and payment options. Provide amenities that cater to their needs.

OTA 52

OTA Hotels Accommodation Travel 52

Cloudbeds

OCTOBER 11, 2024

Keeps track of commissions charged by Online Travel Agencies (OTAs) and other sales channels. Although it doesn’t capture financial transactions directly, it provides key metrics like revenue per available room (RevPAR), Average Daily Rate (ADR), and rate trend forecasts. Channel manager. Revenue management system.

Forecasting 52

Forecasting Revenue Hotels Average Daily Rate 52

SiteMinder

JANUARY 8, 2024

You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). For instance, you can evaluate which channel is delivering the most reservations, contributing the most to overall revenue, has the highest cancellation rate, or which has the largest or smallest lead time.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). For instance, you can evaluate which channel is delivering the most reservations, contributing the most to overall revenue, has the highest cancellation rate, or which has the largest or smallest lead time.

Operations 52

Operations Management OTA Hotels 52

Cloudbeds

AUGUST 8, 2024

Marketing data can be pulled from your hotel’s website, social media channels, customer relationship management system (CRM) , Google Profile, online travel agencies (OTAs), and metasearch engines. Lighthouse Formerly OTA Insights, Lighthouse offers competitive pricing strategies and analysis, as well as forecasting for market demand.

Business 40

Business Revenue Management Forecasting Revenue 40