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Accor occupancy up across all three cities At October 30, Australia’s largest hotel operator, Accor, reports an 18% lift in occupancy levels (10.7 Accor reports that, on average, bookings were made 90 days in advance, marking a 140% increase from the previous year. When compared to the same time last year, booking levels were at 45.6%
What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. For hotels, the ultimate aim of yield management is to increase revenue by leveraging the balance between supply (available rooms) and demand (guest bookings).
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.
OTAs, wholesalers and destination management companies reasserted their dominance across SiteMinder’s Top 12 booking channel lists in most markets as international travel returned, with Booking.com remaining the most popular. Stays booked to Spain in August were the longest globally, at 2.65
ALOS abbreviates ‘averagelength of stay.’ It refers to the average number of nights guests stay at your property over a given time. days on average. How do you calculate the averagelength of stay? Understanding your hotel’s averagelength of stay can help you on several fronts.
Additional data from SiteMinder’s Hotel Booking Trends indicated that the averagelength 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 averagestaylength in August.
Connor Llewellyn Ryterski , managing director, prizeotel: “We expect sustainability to remain a key focus for 2023, with hospitality businesses working towards ambitious emission reduction targets to become net zero, which is something we and the wider Radisson Hotel Group aim to achieve by 2050. . BHN reports. Stephen McCall , CEO, edyn: .
In this guide, we’ll examine how an integrated booking engine brings value to lodging operators, using real-world examples from our customers and advice on what to look for in a new booking system. At the heart of this strategy lies booking engine software that can elevate the guest experience, optimizing it for convenience and profitability.
This wealth of information available to hoteliers is an asset that can be put to use, but without the right tools to manage the data, it can become less of an asset and more of a hindrance. What is Data Management? Your average booking and your averagelength of stay are all things that can be aggregated well.
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. Many properties supplement review data with customer data from post-stay surveys sent through guest messaging apps.
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.
A hotel investment that delivers the goods Little Hotelier’s all-in-one booking and hotel management software can deliver an incredible ROI for your small, independent hotel: up to 63x! Top strategies to increase hotel ROI Increasing knowledge and making smart investments is crucial for B&B operators. Are hotels good investments?
Over the last five years, the company has invested more than $275 million in technology, all while expanding its on-the-ground operational support of hotels. We had five central reservation systems, multiple web platforms and 12 different property management systems.” The tools come at no additional cost to Wyndham franchisees. “We’ve
Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. That being said, there are a handful of KPIs for hotel general manager which help hoteliers meet the benchmarks set. The RevPAR metric helps in evaluating the hotel’s operational performance.
A hotel’s operations can be measured in part by how satisfied its guests are. AverageLength of Stay (ALOS): Like repeat guest rate and guest satisfaction survey results, ALOS can show how much visitors like their time at your hotel. Book a demonstration of our award-winning hotel management software here.
Three of the most common hotel forecasting methods include: Revenue management forecasting: Used to predict future demand. Operational forecasting: Used to predict the resources required for the smooth operation of your hotel, which helps you to arrange adequate staff levels and order the materials you need.
OTAs, wholesalers and destination management companies reasserted their dominance across SiteMinder’s Top 12 booking channel lists in most markets as international travel returned, with Booking.com remaining the most popular. Stays booked to Spain in August were the longest globally, at 2.65
Shelley Warsaw, partner relationship manager at TNS, sat down recently with HomeToGo to discuss their experiences using Track. Introduction HomeToGo is the fastest-growing booking channel for property managers worldwide. HomeToGo is the fastest-growing booking channel for property managers worldwide.
As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. Channel management Optimise the revenue potential of all your booking channels with a dedicated solution. What is hotel revenue optimisation? So what is revenue optimisation?
In this blog post, we explore how Airbnb as a distribution partner to hotels is different, what Airbnb competitors are out there and what alternatives hoteliers might want to consider in order to diversify their reach using channel managers. Table of contents. What are the benefits of listing your hotel on Airbnb?
Run reports that detail data analysis and operational activities. Consider the following when actioning a revenue management strategy: RevPAR – Revenue per available room gives you an idea of your ability to fill your rooms at an average rate. Clearly define how you will measure each KPI. Sentiment and brand reputation.
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.
And, at one point, when I was six years old, we stayed, we lived in a hotel for, for three months, and that hotel was my playground and the general manager of that hotel was like a god for me. At one point I studied, in Lozan in Switzerland, hotel management. It was in Jakarta and it was the Hilton International in 1981.
Turn statistics into revenue for your hotel To act strategically on the data you collect, you need a hotel platform like SiteMinder to provide sophisticated booking, revenue, and management capabilities. Tourists spend an average of 167 USD per day in Thailand. The averagelength of stay in Thailand is 9 days.
The first release of STR Benchmarking focuses on property-level data and analytics for hotel owners and operators with enhanced functionality built on the foundation of the renowned STAR Report.
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. 1 PMS, No.
Hospitality management platform Cloudbeds has unveiled its inaugural State of Independent Lodging Report. Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” In North America, the average booking window exceeded 2019 levels by five days; in Europe, two days.
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