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CoStar Group Launches STR Benchmarking

Hotelier Magazine

Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy. This software is built to evolve and scale with new data sets and property types.” “STR

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Hotel investment: What is a good hotel ROI?

Little Hotelier

With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. Invest in distinctive and customised signage that clearly represents your availability and image. This is why their commission rates should be seen as a smart investment for your business.

ROI 98
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How to Measure Guest Satisfaction in Hospitality Industry – 2023

Inn Quest

On a scale of 0 to 10, with 10 being the most likely to suggest, NPS asks visitors to rate how likely it is that they would recommend your hotel to a friend or coworker. Average Length of Stay (ALOS): Like repeat guest rate and guest satisfaction survey results, ALOS can show how much visitors like their time at your hotel.

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For the Love of Partnership: HomeToGo

TravelNet

As Track continues to scale at an impressive rate, high profile property managers continue to switch to Track. In 2022 so far, HomeToGo has an average length of stay of 8 days with an average booking value of $2,100. Functionality Explain the unique benefits of HomeToGo for Track Customers.

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Hotel industry statistics: Guide for hotels

SiteMinder

The average booking lead time for hotels is 29.7 The average length of stay is 1.93 The average cancellation rate is 20%. It identifies trends like the most popular booking channels, which sites produce the most revenue for hotels, average traveller lead times, cancellation rates, length of stay, and more.