Hotelogix

OCTOBER 14, 2023

KPI in hospitality industry is also used to find out if or not you are on the right track to meet the targets set. Let us now look at the Key Performance Indicators or KPI in hospitality industry which can make your hotel business successful when monitored closely by hoteliers : 1.Total

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Cloudbeds

APRIL 8, 2024

Their ZERO Box Lodge is the most popular offering, inspired by Japanese capsule hotels where guests stay in minimalistic wooden boxes equipped with a private bathroom in a shared dorm. These reports can shed light on booking trends, average length of stay, and guest preferences to help guide decision-making.

OTA 98

OTA Upsell Average Length of Stay Revenue 98

SiteMinder

OCTOBER 9, 2023

In today’s competitive hospitality industry, understanding and optimising these metrics is crucial. Revenue and profit are always important, but more specific KPIs around average length of stays may not always be as integral to highlight in hotel metrics reports. How much are you spending to secure a booking?

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

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

Hotel Business

SEPTEMBER 14, 2023

Slated to start rolling out in the coming weeks, it’s built around four key areas: AI-driven property messaging: Integrating directly with Wyndham’s next-gen property management systems (SynXis Property Hub and Opera Cloud), guests can text hotels directly for any needs throughout their stay.

Average Length of Stay 64

Average Length of Stay OTA Services Revenue 64

SiteMinder

DECEMBER 4, 2023

The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. The global average profit of hotels is expected to increase to 22% in the next couple of years. Hospitality industry employment statistics More than 2.3

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Cloudbeds

MARCH 20, 2023

It’s important to note that the hospitality industry is starting to shift away from distinct market segments as blended travel (blending of business and leisure travelers) rises in popularity. Analyze booking data for each segment to look for patterns such as: City of origin Booking channels Lead times Stay patterns (E.g.,

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

Cloudbeds

SEPTEMBER 18, 2024

First vs. third-party data Hospitality data can be broken out into first-party and third-party data. Benefits of data analytics in hospitality Data analytics has all sorts of applications in the lodging industry. First-party data is all of the data you collect via your owned channels, like your website or upon check-in.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Hotel Business

APRIL 15, 2024

Hospitality management platform Cloudbeds observed a moderate (1%) uptick in medium-term stays globally in 2023, accompanied by a slight decline of 2% in short stays. Overall, the data reveals average length of stay patterns in 2023 showed relative consistency with previous years.

Average Length of Stay 64

Average Length of Stay Travel Occupancy Tourism 64

Hotel Business

MARCH 16, 2023

Hospitality management platform Cloudbeds has unveiled its inaugural State of Independent Lodging Report. 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.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52