SiteMinder

MARCH 22, 2023

For many years, SiteMinder has released annual data detailing the top revenue making channels for hoteliers. While this has always provided powerful knowledge, this year we wanted to take it further and give your business even more actionable insights.

Average Length of Stay 52

Average Length of Stay Average Daily Rate Cancellation Revenue 52

Little Hotelier

AUGUST 29, 2023

The aim is to generate a hotel return on investment (or hotel ROI); money that you can either reinvest in the business or extract as profit. It could be that you’re buying a hotel business or investing in one you already own through things like property extensions and renovations, hotel marketing, employee training and hotel software.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

SiteMinder

OCTOBER 17, 2024

London, UK: Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder, the world’s leading hotel distribution and revenue platform. The average length of stay has reduced by over 10% to 1.33

Average Length of Stay 59

Average Length of Stay Average Daily Rate Revenue Revenue Management 59

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? You need to use forecasting at your hotel to inform your pricing and revenue strategies.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

SiteMinder

MAY 16, 2023

Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

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. What is Yield Management? Think of it as the art behind the science of room supply and demand.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Little Hotelier

JULY 10, 2023

For example, if you set a minimum stay of two nights, no guest will be able to book a stay shorter than that. Minimum length of stay (MLOS or MinLOS) restrictions can be used across all your rooms or a select few that you choose. Here are six of the best ways to optimise your occupancy and revenue with MLOS.

Minimum Length of Stay 75

Minimum Length of Stay Occupancy Average Length of Stay Revenue 75

SiteMinder

SEPTEMBER 26, 2022

It is a crucial step in applying this data for the benefit of the hotel’s business. For example, when you identify the market segment that offers your hotel the longest stays you can focus on this segment to drive up the average length of stay in your property. Leisure and business travel. Day of week.

Hotel Marketing 95

Hotel Marketing Market Marketing Fair Share 95

Hotelier Magazine

MAY 16, 2023

Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy.

Average Length of Stay 52

Average Length of Stay Market Share Scale Occupancy 52

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. For example, you might set out to achieve a revenue lift of 10% year-on-year.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotel Business

JANUARY 24, 2023

The slower reopening of amenities and the delayed return to certain segments of the business have resulted in margins exceeding 2019’s levels on a short-term basis,” said Rothman. “As As amenities reopen, group and FIT business travel return, and hotel revenues shift toward lower-margin F&B, spa, etc.,

Average Length of Stay 69

Average Length of Stay Occupancy Real Estate Travel 69

Cloudbeds

APRIL 8, 2024

What many lodging businesses overlook are the different ways direct bookings can be captured. A booking engine is a platform used by lodging businesses to capture direct bookings anywhere a guest might be online. Here are a few ways a booking engine can help increase your revenue and profitability. What is a booking engine?

OTA 98

OTA Upsell Average Length of Stay Revenue 98

Hotelogix

OCTOBER 14, 2023

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. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Little Hotelier

MARCH 25, 2024

Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. Price and promote your property better with Little Hotelier Little Hotelier's Insights tool gives you more control, more support and more revenue. Adjust your goals as new information comes to light.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

SiteMinder

FEBRUARY 13, 2023

In 2022, analysis from SiteMinder’s Hotel Booking Trends showed: Travellers globally booked hotel stays considerably further in advance than in 2021, with hotels seeing a 38% increase in average booking lead time, year-on-year. Stays booked to Spain in August were the longest globally, at 2.65

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. The average booking lead time for hotels is 29.7

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Hotel Business

SEPTEMBER 14, 2023

Through Wyndham Community, owners can access real-time insights on key business metrics across their portfolio, from anywhere and any device, while also keeping tabs on high-priority tasks and other key action items. In doing so, hotel owners can now easily unlock new opportunities to boost revenue and their bottom line.

Average Length of Stay 64

Average Length of Stay OTA Services Revenue 64

TravelNet

DECEMBER 12, 2023

Occupancy, ADR, and RevPAR are all down compared to 2021 and 2022 (but higher than 2019); booking windows and average length of stay are down, and; shoulder season performance is slightly up. Not only can you drive more business to your own website and booking engine, but you must.

Average Length of Stay 52

Average Length of Stay Occupancy Retail OTA 52

Cloudbeds

MARCH 16, 2023

SAN DIEGO, CA) March 16, 2023 — Cloudbeds, the hospitality management platform powering more reservations and happier guests for lodging businesses around the globe, today announced the launch of its inaugural State of Independent Lodging Report. The next most popular length of stay was 3 to 4 nights.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

SiteMinder

JUNE 2, 2022

Key performance indicators (KPIs) permeate every successful hotel; it’s crucial that you know at all times how you’re tracking towards any key goals and objectives you have outlined for your business over a certain period of time. Hotel revenue. For example, you might set out to achieve a revenue lift of 10% year-on-year.

KPI 52

KPI Revenue Occupancy Hotels 52

Bookassist

DECEMBER 15, 2021

With the average length of stay lengthening, IRS is an invaluable tool for hotels to sell and convert these longer-stay bookings. Tools without strategy are just tools As a direct result of implementing these conversion solutions hotels can generate revenue which would otherwise have been lost.

Average Length of Stay 52

Average Length of Stay Travel Revenue Hotels 52

Cloudbeds

MARCH 20, 2023

It is a fundamental process of revenue management, but also brings benefits to marketing, operations, and the guest experience. When lodging operators divide guests into segments, they can be more targeted in promotions, communications, and guest services to increase revenue, guest loyalty, and guest satisfaction.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

Cloudbeds

SEPTEMBER 18, 2024

From understanding top-performing channels to finding new revenue opportunities to enhance the guest experience, data analytics touches every department. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

SiteMinder

NOVEMBER 30, 2023

Hoteliers can use statistics to understand their guests better, forecast demand, create offers based on current trends, and optimise their pricing and revenue strategies. 81% of pet owners prefer staying in pet-friendly hotels over other forms of accommodation. Tourists spend an average of 167 USD per day in Thailand.

Travel 52

Travel Accommodation Tourism Hotels 52

Travel Media Group

APRIL 12, 2023

But I would say if I was to sort of synthesize it down, the number one thing we’ve all learned is that maybe it was something we already knew, but we honed in on it more, is that flexibility and the willingness to innovate is essential to navigating difficult business environments. So what does that look like this year for you?

Hospitality 98

Hospitality Travel Business Market 98

Hotel Business

APRIL 15, 2024

“Longer stays are a boon for hoteliers,” said Adam Harris, cofounder/CEO, Cloudbeds. When guests stay longer, they’re more likely to spend on additional experiences and services. By increasing revenue per guest, boosting occupancy rate and reducing room turnover costs, hoteliers benefit.

Average Length of Stay 64

Average Length of Stay Travel Occupancy Tourism 64

Hotel Business

MARCH 16, 2023

In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days. Meanwhile, ongoing travel restrictions in the Asia Pacific region kept the booking window five days short of the 2019 average. Length of stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52