Cloudbeds

NOVEMBER 15, 2024

While better than operating without data, this approach is reactive and inefficient, resulting in missed opportunities. In this article, we explore what decision intelligence is and the transformative effect it’s bound to have across demand optimization, segmentation, operations, and training and enablement.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Hotel forecasting reports are built on a foundation of data. Small, independent hotels might form quite basic forecasts.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

SiteMinder

JUNE 12, 2024

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. 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. They’re not just satisfied with traditional metrics like ADR or RevPAR.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the cornerstone of successful hotel operations. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. By tracking real-time data from online reviews, accommodation operators can measure overall guest satisfaction and ratings by department.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Little Hotelier

AUGUST 29, 2023

Top strategies to increase hotel ROI Increasing knowledge and making smart investments is crucial for B&B operators. Income: Forecasted and other expected revenue. Generally speaking a return of 6%-12% per year is considered good in the hotel industry. When planning your budget, your report should include: Fixed costs (eg.

ROI 98

ROI Hotels Average Length of Stay Revenue 98

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. Hotel operations are incredibly varied, with many moving parts that interact with and support one another.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Little Hotelier

NOVEMBER 6, 2023

Adjust pricing Forecast demand and adjust your room rates well ahead of time. Top hotel revenue optimisation strategies to try Now that we know the whats and the whys of hotel revenue optimisation, let’s look at the hows. Here are six revenue optimisation strategies that any independent hotelier can try.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59