Hotel Business

SEPTEMBER 14, 2023

It’s driving a longer average length of stay and a higher ADR, driving, on average, $22,000 in revenue,” he said. Ballotti said that 4,500 franchisees have already opted-in to the Signature Reservation Services, where room booking calls are directed to a professionally run call center.

Average Length of Stay 65

Average Length of Stay OTA Revenue Services 65

SiteMinder

OCTOBER 9, 2023

Revenue and profit are always important, but more specific KPIs around average length of stays may not always be as integral to highlight in hotel metrics reports. CPOR – Cost per occupied room lets you identify the average cost per occupied room to give you an idea of how healthy your cost of acquisition is.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 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

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? 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.

Revenue 59

Revenue Average Length of Stay Average Daily Rate Hotels 59

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. Monitoring this rate regularly can guide your revenue management decisions.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Guest loyalty can be measured using metrics like stay frequency, average guest spend, and customer lifetime value (CLV). Revenue management KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

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

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 Market Marketing 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

NOVEMBER 30, 2023

42% of Thai guests are ‘very supportive’ of their personal data being used to better their stay. Tourists spend an average of 167 USD per day in Thailand. The average length of stay in Thailand is 9 days. Thailand is the 8th most popular destination in the world for travel.

Travel 52

Travel Accommodation Tourism Hotels 52

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

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