Hotel Business

NOVEMBER 29, 2023

In October, Omnitrak’s Travel Market Penetration Index edged downward to 98.7 The slowdown in October travel market penetration aligned closely with 2022 levels, pulling the numbers below the usual summer-to-fall seasonal changes in travel demand,” said Chris Kam, president/COO, Omnitrak. index levels.

Market Penetration 64

Market Penetration Travel Closing Forecasting 64

Hotel Designs

SEPTEMBER 19, 2023

Including the Dining & Lifestyle business, this represents an increase to over 1.7 “This merger means that we will now catch up with the largest players on the European market in the bathroom sector in terms of turnover,” explains Frank Göring, CEO of Villeroy & Boch. billion as a result of the merger.

Market Penetration 105

Market Penetration Branding Sales Business 105

Hotel Business

AUGUST 29, 2023

households traveling domestically increased slightly in July 2023, as the Omnitrak Travel Market Penetration Index inched upwards to 123.2, In contrast to overall travel penetration which trails pre-pandemic levels, Omnitrak’s Leisure Travel Index continued to run above 2019 levels. travelers, the number of U.S. index levels.

Market Penetration 52

Market Penetration Travel Closing Tourism 52

Hotelogix

OCTOBER 14, 2023

Hotel KPI or Hotel Key Performance Indicator is the value that can be measured and which lets you set a standard to measure the success rate of your hotel business as to how is it faring in the market. Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

SiteMinder

DECEMBER 7, 2023

Internal factors such as expenses like taxes, wages, supplies, cleaning, and refurbishment mean there’ll be a minimum rate you have to set to break even on your business each month, quarter, or year. If it’s the height of your busy season and hotels locally are becoming booked up, you can afford to charge your guests more.

Management 59

Management Average Daily Rate Occupancy Revenue 59

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