Cloudbeds

MAY 8, 2024

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. By recognizing these differences, you can tailor your pricing and marketing strategies to resonate with each segment.

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

eZee Absolute

MAY 13, 2024

It provides a quick overview of key performance indicators (KPIs) such as occupancy rate, Average Daily Rate (ADR) , and Revenue per Available Room (RevPAR) for the previous day, week, month, or year (depending on the configuration). Flash Report Flash Report presents the summary of hotel performance metrics.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

SiteMinder

JUNE 12, 2024

Inventory Control : Managing the number of rooms available for different rates, packages, or booking channels. This can involve overbooking strategies to account for last-minute cancellations or no-shows. This helps in tailoring specific offers or rates to different guest segments. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

AUGUST 8, 2024

Important elements of your reservation behavior help you get a sense of your guests’ preferences, top-performing channels, and patterns to help you target the right guests at the right time. Information on your guests can be gathered via your PMS, guest engagement system, POS system, CRM system, website, and booking engine.

Business 40

Business Revenue Management Forecasting Revenue 40

eZee Absolute

JANUARY 9, 2023

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. Elegan offers flexible booking options that allow guests to change or cancel their reservations up to 24 hours before their arrival date without any penalties.

OTA 52

OTA Hotels Accommodation Travel 52

SiteMinder

JANUARY 8, 2024

You’ll need smart revenue management and pricing strategies if you want to optimise your Average Daily Rate (ADR). You have to look beyond the four or five biggest channels and find partners that most suit your hotel’s target market and brand positioning.

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). You have to look beyond the four or five biggest channels and find partners that most suit your hotel’s target market and brand positioning.

Operations 52

Operations Management OTA Hotels 52