Hotel Business

SEPTEMBER 14, 2023

We had five central reservation systems, multiple web platforms and 12 different property management systems.” He continued, “So as part of [the $275 million] investment, we consolidated onto a single central reservation system, and we’re in the process of getting to two property management systems.

Average Length of Stay 64

Average Length of Stay OTA Revenue Services 64

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. ALOS – Average length of stay tells you how long your guests stay with you on average.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Little Hotelier

NOVEMBER 6, 2023

What is hotel revenue optimisation? As a small, independent hotelier you may have heard the terms hotel revenue optimisation and hotel revenue management. So what is revenue optimisation? Do all that and you’ll optimise your revenue by making as much money as possible from a limited resource: your rooms.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 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

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. For data to be useful, however, hotels must leverage business intelligence software to gather and manage vast amounts of data across systems and put it together in a way that delivers actionable insights.

Operations 40

Operations Revenue Management Occupancy Revenue 40

SiteMinder

OCTOBER 10, 2023

Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. As unpredictable as it can be at times, especially after the COVID-19 pandemic, forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Cloudbeds

MARCH 20, 2023

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.

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

SiteMinder

JUNE 2, 2022

For example, you might set out to achieve a revenue lift of 10% year-on-year. There are many metrics that support revenue KPIs. 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.

KPI 52

KPI Revenue Occupancy Hotels 52

SiteMinder

DECEMBER 4, 2023

Online travel agencies make up the top two revenue generating positions in 79% of major destinations. Airbnb is quickly becoming a mainstay for hotels who want to drive additional revenue. The average booking lead time for hotels is 29.7 The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

SiteMinder

NOVEMBER 30, 2023

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. 42% of Thai guests are ‘very supportive’ of their personal data being used to better their stay.

Travel 52

Travel Accommodation Tourism Hotels 52

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. 1 PMS, No.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

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