Remove Average Length of Stay Remove Events Remove Occupancy
article thumbnail

‘Call it magic’: Coldplay fans drive hot demand for hotel rooms in Auckland, Sydney and Melbourne

Hotel Management

Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

Occupancy 162
article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

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. Why it’s important for hotels? Why it’s important for hotels?

Upsell 99
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What is Yield Management: Guide for Hotels

SiteMinder

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. Our smart hotel platform helps you do exactly that.

article thumbnail

Minimum stay (MLOS): What is it and how can it be used?

Little Hotelier

It can help you maximise your revenue and control your occupancy, but it’s a delicate balance that relies on managing supply and demand. Some owners or managers may be also tempted to set a minimum stay for their hotel during low periods but this is risky. Here are six of the best ways to optimise your occupancy and revenue with MLOS.

article thumbnail

Hotel revenue forecasting: Definitions, models, and best practices

SiteMinder

By analysing past and present data, forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue.

article thumbnail

Hotel forecasting: Methods for small hotels

Little Hotelier

Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. Outlier factors: How special events and unusual occurrences have historically affected demand (e.g. bad weather, surprise events or event cancellations).

article thumbnail

Hotel forecasting: Revenue, methods and reports

SiteMinder

By analysing past and present data, hotel forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. Occupancy rate The occupancy rate indicates the percentage of rooms occupied over a specific period.