Hotelogix

DECEMBER 19, 2024

This guide will explore how hotel business intelligence operates, why it matters, and how it can boost your hotel management. Revenue Management Figuring out room prices can be tough. This happens through: Dynamic Pricing: Changing rates based on demand and what competitors charge. But how can you interpret all this information?

Business 40

Business Hotels Forecasting Revenue 40

SiteMinder

AUGUST 1, 2024

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Cloudbeds

FEBRUARY 26, 2024

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 market share and RevPAR.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

STAAH

JULY 8, 2024

Reputation Management: Encourage satisfied guests to leave positive reviews and promptly address any negative feedback. Monitor and Adapt Performance Metrics: Regularly monitor key performance metrics such as occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. 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.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotelogix

OCTOBER 14, 2023

That being said, there are a handful of KPIs for hotel general manager which help hoteliers meet the benchmarks set. 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

Amadeus Hospitality

JUNE 27, 2023

We felt it was important to go one step further with the Index, by aggregating the most sophisticated and in-depth data available on the market today and combining it in a way that gives the industry a meaningful benchmark on where recovery has reached. Growth or declines in ADR can offset room night performance.

Business 52

Business Hospitality Events Average Daily Rate 52

Hotelier Magazine

APRIL 4, 2024

Financial Benchmarks The hotel industry uses many financial benchmarks to measure success, including Average Daily Rate (ADR), RevPAR, occupancy and Market Penetration Index (MPI). We do a comparison of all operating costs and staffing models of the potential property to similar assets we manage.

Operations 40

Operations Real Estate Average Daily Rate Occupancy 40

MediaBoom

AUGUST 6, 2024

A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and market share. Secure your exclusive, free consultation with our luxury marketing experts today. Measuring and Managing Your Brand Effectively measuring and managing a hotel brand requires a strategic approach.

Branding 92

Branding Hotels Services Marketing 92

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Both are valuable and provide relevant information to help with marketing efforts, pricing decisions, customer experience enhancements, and more. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Catala Consulting

AUGUST 30, 2022

In the hotel business, strengths are mostly any of the following: Hotel’s location Internal resources Accessible hotel management system User-friendly online booking A safe and serene environment Brand reputation High-Profit margins Tangible assets (such as capital, proprietary, intellectual propriety, etc.)

Hotels 52

Hotels Average Daily Rate Business Revenue 52