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San Diego, CA Cloudbeds , the premier hospitality management software platform, has today unveiled its 2025 State of Independent Lodging Report. Adam Harris, Co-Founder and CEO of Cloudbeds, said: Hospitality is fundamentally human and independent properties represent its heart and soul.
26, 2024 – Cloudbeds, the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. With demand relatively flat, hotels will need to focus efforts on growing marketshare and RevPAR.
The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while averagedailyrates (ADR) for private rooms have grown globally. Cloudbeds’ insights are grounded in data from 3,000 properties across 95+ countries in North America, Latin America, Europe, and the Asia-Pacific region.
The averagerate index (ARI) is a metric that allows hoteliers to evaluate the performance of their room rates relative to a group of competitors during a specific period. Another metric to look at is the fair marketshare, obtained by dividing the hotel’s available rooms by the competitors’ available rooms.
Learn more Why is efficiency important in hospitality? When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your marketshare. Ready to save valuable minutes on every booking you take? As with any other business, running a hotel is a numbers game.
This is why Amadeus , a global leader in hospitality technology, and Knowland , a global provider of data-as-a-service insights on meetings and events for hospitality, are expanding their partnership to deliver new data insights that will allow the industry to understand key trends, measure performance, and plan for the future.
For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market. Accurate forecasts enable hotels to implement dynamic pricing strategies, adjusting rates in real time based on predicted demand. in occupancy.
Ever wondered why some hotels consistently outperform their competitors, even in challenging market conditions? The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape.
San Diego, CA, February 28, 2024 – Cloudbeds , the hospitality management platform powering more reservations and happier guests for independent lodging businesses around the globe, today released its 2024 State of Independent Lodging Report. With demand relatively flat, hotels will need to focus efforts on growing marketshare and RevPAR.
Hotel KPI or Hotel Key Performance Indicator is the value that can be measured and which lets you set a standard to measure the success rate of your hotel business as to how is it faring in the market. KPI in hospitality industry is also used to find out if or not you are on the right track to meet the targets set.
By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as AverageDailyRate (ADR), Revenue Per Available Room (RevPAR) and occupancy. per cent (up 7.7
The hospitality industry faces seasonal challenges and fluctuating market conditions, including reduced consumer spending and increased competition. Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies.
This led to a 30% jump in averagedailyrate (ADR) during busy times, a 25% boost in marketshare, a 40% rise in revenue during slower seasons, and a 35% increase in yearly revenue overall. Conclusion: Embracing Hotel Business Intelligence Hotel business intelligence is shaking up the hospitality industry.
A SWOT analysis is a classic tool used in the hospitality industry for planning and decision-making. In the hospitality industry, SWOT analysis can be used for significant projects like establishing a new property, refurbishment, or re-branding. What is SWOT Analysis for hotels? What areas do guests give a thumbs-down?
A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and marketshare. At the heart of this lies a deep-rooted commitment to hospitality. The hospitality industry is dynamic, with guest expectations and market trends constantly evolving. Still Have Questions?
First vs. third-party data Hospitality data can be broken out into first-party and third-party data. Benefits of data analytics in hospitality Data analytics has all sorts of applications in the lodging industry. First-party data is all of the data you collect via your owned channels, like your website or upon check-in.
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