SiteMinder

OCTOBER 9, 2023

By closely monitoring these metrics, hotel managers can gain valuable insights into their hotel’s strengths and areas for improvement. For instance, a consistently high occupancy rate might indicate effective marketing strategies, while low guest satisfaction scores could point to potential issues in service quality or amenities.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Cloudbeds

MARCH 16, 2023

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. Length of Stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

SiteMinder

OCTOBER 10, 2023

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. This analysis also helps in identifying patterns and anomalies that might affect future revenue.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

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. They get to the heart of what a hotel business is, and are critical to understand if you are to succeed in a competitive market. So what is revenue optimisation?

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

Cloudbeds

SEPTEMBER 18, 2024

Data analytics is the process of examining data sets to search for patterns, draw conclusions, support decision-making, and predict future market trends. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

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%. US hotel industry statistics The top five revenue generating channels for hotels in the US are Booking.com, Expedia, hotel websites (direct bookings, Agoda, and Airbnb. million people.

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Hotel Business

SEPTEMBER 14, 2023

Because we get to see how we’re servicing them, how we’re marketing for them, who their customers are, and now with community, here’s how they’re accessing our system.” It’s driving a longer average length of stay and a higher ADR, driving, on average, $22,000 in revenue,” he said.

Average Length of Stay 64

Average Length of Stay OTA Services Revenue 64

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

NOVEMBER 30, 2023

Statistics about travel demographics Statistics about travel demographics can be particularly useful for your hotel, as it allows you to target your marketing more effectively, plan your offers, and prepare satisfying guest experiences – all in the mission of maximising your reputation and profit.

Travel 52

Travel Accommodation Tourism Hotels 52

Hotel Business

MARCH 16, 2023

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. Length of stay Most travelers within the data set booked stays of 1 to 2 nights over the last four years.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52