Cloudbeds

NOVEMBER 15, 2024

For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

Little Hotelier

MARCH 25, 2024

Cancellation data: How types of guests and times of year affect cancellation and no-show rates. Outlier factors: How special events and unusual occurrences have historically affected demand (e.g. bad weather, surprise events or event cancellations).

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Little Hotelier

NOVEMBER 6, 2023

Public holidays and popular local events will also affect how much you can charge per room. These might follow the four seasons of the year, or they could be defined by school holidays, festive seasons or major local events. Market demand Most hotels see a spike in demand on weekends when compared to weekdays.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

SiteMinder

JUNE 12, 2024

It’s not just about how much a guest pays for a room, but also about how their entire stay can be enhanced and monetised. This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

SiteMinder

OCTOBER 20, 2022

As recently as 2016 STR measured the impact of Airbnb on hotels by impact on ADR during special events; for example, during the Boston Marathon hotel rates grew 5% year over year when unit supply on Airbnb had grown by 76%. 9flats has a similar focus on renting and staying in someone else’s apartment.

Hotels 52

Hotels Average Length of Stay Accommodation Management 52

Cloudbeds

MARCH 20, 2023

For example, if you receive a lot of group bookings, you may decide to divide them into social (weddings, events, etc.) Analyze booking data for each segment to look for patterns such as: City of origin Booking channels Lead times Stay patterns (E.g., and corporate (meetings, conferences, etc.) Don’t overcomplicate things.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52