Cloudbeds

JANUARY 22, 2025

Financial analysis When EBITDAR is combined with other metrics, such as ADR (average daily rate), occupancy rate, or RevPAR (revenue per available room) , it can help dig deeper into financial metrics. Optimize revenue Increase ADR and RevPAR using an RMS (revenue management system) , diversify revenue streams (e.g.,

Revenue 40

Revenue Hotels Operations Average Daily Rate 40

Little Hotelier

NOVEMBER 6, 2023

Advanced booking pricing On the flipside you could consider offering an early bird rate for advanced bookings, to ensure you attract enough guests to at least break even. All remaining rooms are just icing on the cake, so you can then focus on selling them at elevated rates.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

JUNE 12, 2024

This involves tracking key performance indicators (KPIs) like Average Daily Rate (ADR), Revenue Per Available Room (RevPAR), and Gross Operating Profit Per Available Room (GOPPAR). Upselling and cross-selling strategy pricing Upselling and cross-selling revolve around enhancing guest value.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

JULY 13, 2024

For example, a high-end hotel may usually attract guests with no budget constraints, but in the off-season bookings will drop and the hotel has more flexibility to drop rates, attracting travellers who normally would not be able to afford the stay. To benchmark for this, the Average Rate Index is a good way of looking at this.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Hotelogix

DECEMBER 19, 2024

This led to a 30% increase in guest satisfaction scores, a 50% rise in upsells and cross-sells, a 35% growth in repeat booking rates, and a 20% reduction in marketing costs. They put a hotel business intelligence system into action with advanced guest profiling and predictive analytics features.

Business 40

Business Hotels Forecasting Revenue 40

Amadeus Hospitality

AUGUST 24, 2023

The latest data from Amadeus’ Demand36 0® reflects this, with on-the-books global hotel occupancy rates for H1 2023 trending above 2022 and 2021 levels, and just 3 points behind those seen in 2019. In addition, global hotel average daily rates (ADR) are already above pre-pandemic levels.

Travel 52

Travel Average Daily Rate Marketing Strategy Sales 52

Cloudbeds

OCTOBER 17, 2024

When integrated with the hotel’s booking engine, these chatbots effectively become virtual sales representatives that provide real-time information on room availability, rates, and upsells and even allow visitors to complete their booking directly through the chat window.

OTA 76

OTA Occupancy Hotels Revenue 76

Cloudbeds

DECEMBER 2, 2024

Points above the line indicate days when the hotel’s occupancy outperforms the compset average, while points below the line indicate underperformance. Colors represent different ADRs (average daily rates), with red and orange indicating higher ones and blue indicating lower ones.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Little Hotelier

FEBRUARY 25, 2024

Another common strategy utilised in hotel revenue management consulting is to identify other potential revenue streams, from value-adding services, to new target markets, to opportunities to upsell and cross-sell. Strategies include offering add-ons and extras during the booking process, or upselling a guest to a more premium room.

Revenue Management 52

Revenue Management Revenue Services Management 52

Amadeus Hospitality

SEPTEMBER 6, 2023

Source: Amadeus Demand360 data as of August 18, 2023 Average daily rates remained higher than 2019 for the entirety of H1 2023, and guests paying higher costs now expect more from their stay. This is placing added pressure on hoteliers to meet, and where possible, exceed heightened guest expectations.

Average Daily Rate 52

Average Daily Rate Global Distribution System Hotels Online Marketing 52

Cloudbeds

SEPTEMBER 18, 2024

Basic KPIs include average daily rate (ADR) , occupancy (OCC), revenue per available room (RevPAR), and average length of stay (ALOS). Managers can analyze revenue data to find ways to increase guest spend through menu engineering, upselling, and promotions. Revenue management KPIs. Food & beverage KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Hotelogix

JANUARY 29, 2025

Here’s the scoop: Dynamic pricing strategies : AI-powered systems adjust rates in real-time based on demand, events, and competitor pricing, maximizing revenue per available room (RevPAR). Upselling on steroids : Intelligent systems identify opportunities to offer personalized upgrades and services, increasing average guest spend.

Management 58

Management Hospitality Hotels Services 58

SiteMinder

OCTOBER 10, 2023

To effectively interpret these reports, follow these steps: start by identifying the key metrics that align with your hotel’s goals, such as occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR). What sets UpStay apart is its unique approach to upselling.

Hotels 52

Hotels Management Upsell Travel 52

Cloudbeds

JUNE 5, 2024

That’s when reputation pricing comes in, allowing revenue managers to increase metrics like ADR (average daily rate) and, ultimately, RevPAR ( revenue per available room ). The connection between reputation and rates Several research studies have confirmed the connection between reputation and rates. Reputize.

Revenue Management 52

Revenue Management Revenue Occupancy 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). Revenue management is another huge part of your hotel operations, with the main business goal focused on how to get more money coming in.

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). Revenue management is another huge part of your hotel operations, with the main business goal focused on how to get more money coming in.

Operations 52

Operations Management OTA Hotels 52