Little Hotelier

AUGUST 29, 2023

Top strategies to increase hotel ROI Increasing knowledge and making smart investments is crucial for B&B operators. Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. Your occupancy rates? Your direct bookings?

ROI 98

ROI Hotels Average Length of Stay Revenue 98

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. The RevPAR metric helps in evaluating the hotel’s operational performance.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

SiteMinder

JUNE 12, 2024

Instead, they’re exploring sophisticated indicators like GOPPAR to gain a holistic view of their operations. It’s not just about how much a guest pays for a room, but also about how their entire stay can be enhanced and monetised. They’re not just satisfied with traditional metrics like ADR or RevPAR.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Little Hotelier

MARCH 25, 2024

Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy. These forecasts allow you to implement revenue optimisation strategies based on anticipated occupancy. Financial forecasting: Used to predict future financial results.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

Cloudbeds

APRIL 8, 2024

Many hoteliers question if it’s worthwhile investing in a direct booking strategy or if they can solely rely on online travel agencies (OTAs) like Airbnb, Booking.com, or Trip.com to fill occupancy. 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

Hotelier Magazine

MARCH 11, 2024

Additionally, the tools also contribute to operational efficiency by analyzing staff performance, occupancy rates, inventory management and maintenance and help hoteliers anticipate future trends and guest behaviors by leveraging predictive analytics. AI has been making inroads as a tool to analyze patterns.

Business 59

Business Average Length of Stay Hospitality Management 59

Cloudbeds

MARCH 16, 2023

Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” The report highlights the following insights: Average Daily Rate (ADR) & Occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. 1 PMS, No.

Average Length of Stay 52

Average Length of Stay Average Daily Rate OTA Occupancy 52

SiteMinder

JUNE 2, 2022

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. It can be calculated by multiplying your average daily rate by your occupancy rate.

KPI 52

KPI Revenue Occupancy Hotels 52

Little Hotelier

NOVEMBER 6, 2023

The best revenue optimisation solutions will offer up insightful data to help guide your efforts.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

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

NOVEMBER 30, 2023

Travel stats might include travel volume, popular destinations, travel spending, occupancy rates and other accommodation data, transport stats, traveller demographics and motivations, and other insights such as trends around sustainable travel. Tourists spend an average of 167 USD per day in Thailand.

Travel 52

Travel Accommodation Tourism Hotels 52

Hotel Business

MARCH 16, 2023

Our mission is to arm owners and operators with clarity as they navigate the ever-changing travel landscape.” The report highlights the following insights: ADR and occupancy Among independent properties, hotel rates increased slightly from 2019 to 2020 and continued to grow in 2021 and 2022. In 2022, ADR exceeded the 2019 ADR by 17%.

Average Length of Stay 52

Average Length of Stay OTA Occupancy Digital Marketing 52