SiteMinder

JUNE 12, 2024

What is Yield Management? Yield management is a pricing and revenue management strategy that is used to maximise business performance. It involves adjusting prices based on predicted demand and other external factors to maximise revenue or yield. Think of it as the art behind the science of room supply and demand.

Yield Management 98

Yield Management Management Revenue Management Forecasting 98

SiteMinder

NOVEMBER 15, 2022

ALOS abbreviates ‘average length 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 average length of stay? Understanding your hotel’s average length of stay can help you on several fronts.

Average Length of Stay 59

Average Length of Stay Minimum Length of Stay Revenue Target Marketing 59

Hotelier Magazine

MARCH 11, 2024

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 average length of stay are all things that can be aggregated well.

Business 59

Business Average Length of Stay Hospitality Management 59

Little Hotelier

MARCH 25, 2024

Three of the most common hotel forecasting methods include: Revenue management forecasting: Used to predict future demand. These forecasts allow you to implement revenue optimisation strategies based on anticipated occupancy. Understand exactly when peak and low periods occur throughout the year.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

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

Hotel Business

MARCH 16, 2023

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.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52

Cloudbeds

APRIL 8, 2024

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.

OTA 98

OTA Upsell Average Length of Stay Revenue 98