eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? By utilising these RMS reports, revenue managers can make informed decisions to adjust pricing strategies accordingly.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Bookassist

JULY 12, 2022

Compare Average Daily Rate, Average Booking Window and Cancellation Rate for past bookings, room nights and arrivals as well as for revenue on-the-books across all of your hotels. Review Clicks, Spend, ROI, Bookings and Revenue data right up to the day before.

Average Daily Rate 52

Average Daily Rate ROI Digital Marketing Cancellation 52

SiteMinder

MAY 16, 2023

This was particularly true for Spain in summer, which had the longest average stay length in August. Average daily rate was another key metric that increased globally, up 24% when compared to 2019. Reduce double bookings, increase reservations and revenue, and save time! Let’s examine some of them more closely.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. Revenue managers utilize historical hotel performance data, current industry trends, and future demand to make informed projections to maximize revenue. What is Hotel Forecasting?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Income: Forecasted and other expected revenue. Make sure your all-in-one reservation system can track the revenue-related metrics that matter. rent): No connection with business activity.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

SiteMinder

SEPTEMBER 6, 2023

While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. An occupied room, even at a discounted rate, is better than an empty one. Boosted revenue : Late bookings often come with higher price tags, capitalising on the urgency of the guest’s needs.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

SiteMinder

JUNE 12, 2024

Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotelogix

JANUARY 30, 2024

As a hotelier, monitoring your hotel's performance is paramount to ensuring smooth operations and maximizing revenue. These include individual room details, revenue breakdowns by the counter, per-room and Point of Sale (POS) outlet earnings, and tax collection specifics for each room and POS outlet.

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Hotelogix

NOVEMBER 12, 2023

Reports like hotel revenue report and MIS hotel report are essential for every type of hospitality property. The report also shows room inclusion details (if available) along with the source of revenue collected. The revenue details in the report can be viewed including or excluding round off charges.

Management 59

Management Occupancy Revenue Average Daily Rate 59

Cloudbeds

MAY 8, 2024

After reading this article, you will learn how an effective analysis of your property’s booking performance will help you better understand your property’s demand patterns and how to leverage them to maximize revenue and occupancy. Occupancy rate indicates the percentage of utilization of hotel rooms.

Cancellation 52

Cancellation Revenue Revenue Management Occupancy 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. 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 length of stay is 1.93

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Hotelogix

AUGUST 21, 2024

The night audit process aims to collate revenue against various revenue heads. Specifically, the night audit process evaluates and closes daily cash flow into and out of the hotel's account. This is when most revenue centres and Hotel POS outlets at a hotel are closed, making it the ideal time.

Revenue 52

Revenue Average Daily Rate Rack Rate Hotels 52

Cloudbeds

OCTOBER 17, 2024

While you want them to choose your hotel (and ideally book through your website), you should also aim to maximize the performance of your booking channels to generate more revenue at lower acquisition costs. Hotel management must balance direct and indirect channels to secure a steady stream of bookings whilst increasing revenue.

OTA 76

OTA Occupancy Hotels Revenue 76

Little Hotelier

JULY 6, 2023

By listing your property on Agoda, you can tap into this extensive network of international travellers, potentially increasing bookings and revenue for your property. This includes confirming reservations, handling cancellations, and responding to guest inquiries.

Average Daily Rate 52

Average Daily Rate Revenue Cancellation Management 52

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. Boost revenue and profitability. Track performance.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

Clock Software Hospitality

JANUARY 12, 2021

If a hotel relies heavily on revenue from such bookings, you would need to consider alternative approaches to guest acquisition. With public events cancelled, you are likely to be put in the position of providing guests with on-premise entertainment. do so under much scrutiny and restrictions. Is recreation still a priority for guests?

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Cloudbeds

OCTOBER 11, 2024

Today’s solutions are predominantly cloud-based and streamline tasks, including tracking revenues and expenses, generating and interpreting financial reports, managing vendor and employee payments, and processing guest invoices. Revenue management system. The same applies to revenue. The primary systems involved include: PMS.

Forecasting 52

Forecasting Revenue Hotels Average Daily Rate 52

Cloudbeds

AUGUST 8, 2024

Whether you’re a revenue manager, accountant, front office manager, or hotel owner, you need real-time data and visualizations to understand what’s happening at any given time. With business intelligence, you have the knowledge to drive hotel operations, increase your revenue, and enhance your guest experience.

Business 40

Business Revenue Management Forecasting Revenue 40

eZee Absolute

JANUARY 9, 2023

Generate a steady stream of revenue. This extended stay can provide a reliable source of revenue for hotels, as the hotel is able to count on a certain number of occupied rooms for a longer period of time. Have a higher average daily rate. Set rates that are practical and reasonable. Explore new markets.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. Revenue management: Depending on the size of the hotel, the task of managing revenue might be given to the general manager or to a dedicated financial officer.

Operations 52

Operations Management OTA Hotels 52