SiteMinder

NOVEMBER 18, 2024

A destination management company is a professional services firm specialising in local expertise and resources to design, plan, and manage events, activities, and tours. Destination management services list Common DMC services include: Event planning and management : Handling meetings, incentives, conferences, and exhibitions (MICE).

Management 52

Management Events Services Occupancy 52

Hotel Management

JUNE 18, 2024

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Hotel Business

SEPTEMBER 27, 2023

According to new Demand360 business intelligence data from Amadeus , global hotel occupancy levels up to the end of August have been an average of 10% ahead of 2022. For the fourth quarter, worldwide on-the-books occupancy data reveals that reservations are trending 11% ahead of those seen in 2022. Hotel occupancy for Sept.

Hospitality 64

Hospitality Occupancy Scale Events 64

eZee Absolute

AUGUST 22, 2023

We’re talking about the MICE industry – an acronym for Meetings, Incentives, Conferences, and Exhibitions/Events. Driving Occupancy and Revenue One of the most immediate and noticeable impacts of MICE on the hotel industry is occupancy rates and revenue generation.

Tourism 52

Tourism Hospitality Events Occupancy 52

SiteMinder

OCTOBER 15, 2023

For example, in the morning you may have lower rates because your occupancy is low and demand is not strong. Dynamic pricing can be an important strategy for a hotel that’s looking to optimise occupancy and maximise profit. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Hotelogix

JUNE 10, 2024

  Dynamic pricing in the hotel industry refers to tweaking room rates based on various factors such as demand, occupancy, seasonality, events, and even competitor pricing. increase occupancy, maximize revenue during peak times, etc.). What is dynamic pricing in hotels?  How does it operate?

Revenue 52

Revenue Occupancy ROI Revenue Management 52

Hotel Management

JULY 3, 2024

The latest STR data for May 2024, also shows ADR up almost 9% compared the same month in 2023, while occupancy has moderated somewhat. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. This has led to our Deputy Prime Minister declaring Fiji needs 5000 new hotel beds to cater for demand.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Average US occupancy rate is just under 65%. Some major cities could see occupancy rises by as much as 17.5% What are hotel industry statistics?

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% It’s been a very good year.

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Cloudbeds

APRIL 9, 2024

Groups and events. Manage everything from event bookings, contracts, orders, payments, and more. From large-scale independents and boutique hotels to hostels and motel groups, properties of all types and sizes are leveraging the Cloudbeds Platform differently. Accounting and finance. Point-of-sale.

Upsell 52

Upsell Revenue Management Operations Revenue 52

Little Hotelier

MARCH 10, 2024

Learn more Little Hotelier Little Hotelier is a management software crafted specifically for small-scale hotels, providing a comprehensive suite of tools to simplify daily operations and featuring a range of third-party integrations to enhance functionality.

Hotel Sales 52

Hotel Sales Sales Revenue Management Revenue 52

Cloudbeds

APRIL 30, 2024

With dynamic pricing, room rates are not fixed but are adjusted based on market demand, competition, time of booking, customer behavior, occupancy, and other factors that can influence booking patterns. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Maximizing occupancy.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Hotelogix

SEPTEMBER 12, 2024

A Hotel PMS provides several operational reports, including a history and forecast report, revenue report, reservation report, housekeeping report, night audit report, financial report, guest history report, occupancy reports, etc., Scalability : Cloud-based systems can be easily scaled up as the hotel grows.

Management 52

Management Revenue Management Hotels Operations 52

StayNTouch

JUNE 1, 2022

Our multi-property upgrades allow us to provide the same mobile flexibility and accessibility that we deliver to individual properties, now scaled up to the chain level. Multi-property configuration will help hotels scale their business by streamlining the process of configuring new properties.

Operations 52

Operations Hotels Scale Occupancy 52

Travelboom Marketing

MARCH 21, 2024

Paid ads are an ideal way for hotels to improve visibility and capitalize on increased demand, area events and more. Showcase Special Offers To Boost Occupancy Because CPC ads work quickly, hoteliers can use these to increase occupancy when demand is down without a lot of advance notice.

Market 52

Market Marketing Cost Per Click Marketing Strategy 52

Boutique Hotel News

APRIL 18, 2023

AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. COVID was a once in a generation event for the hospitality and leisure industries.

Hospitality 52

Hospitality Revenue Management Occupancy Revenue 52

Clock Software Hospitality

JANUARY 12, 2021

Read more: The Three Steps to Building a Successful Segmentation Strategy For Hotels Concerts had to reschedule with tour dates pushed back a year or so, and any large scale public events that still take place (races, sports events, exhibitions, etc.) Is the wedding industry going to pull back from large scale events?

Hospitality 52

Hospitality Average Daily Rate Scale Events 52

Hotel Management

MAY 10, 2023

Pohl went on to say that mid-scale, extended stay brand “Home” has proven popular with Americans and that the emerging Gen Z market was pushing new development in brands like Aiden (part of BWH). Before an excellent lunch, delegates were buoyed by the unveiling of a new logo for Accommodation Australia. Be brave.”

Market 130

Market Marketing Branding Events 130

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

eZee Absolute

MAY 7, 2024

Here’s how dynamic pricing can help you optimize your revenue and keep your hotel rooms filled: Responding to Market Fluctuations: Dynamic pricing allows you to adjust your rates based on various factors, including upcoming events, competitor pricing, and even local weather conditions.

Revenue Management 52

Revenue Management Revenue Management Upsell 52

Cloudbeds

JUNE 5, 2024

How your online reputation impacts pricing strategies Your online reputation has a significant impact on occupancy and profitability. This, in turn, leads to more visitors, conversions, and, finally, higher occupancy rates. without harming its occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Catala Consulting

NOVEMBER 18, 2023

This approach includes optimizing room rates and occupancy, but it goes much further. Additionally, it involves exploring alternative revenue streams such as events, culinary experiences, wellness services, and partnerships with local attractions. Event hosting is another significant revenue stream.

Revenue Management 52

Revenue Management Revenue Management Hotels 52

SiteMinder

OCTOBER 9, 2022

Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces. Delivering day-to-day as well as promotional strategies in support of key revenue management metrics, such as ADR, RevPAR, occupancy and channel mix. External data is information that the hotel cannot generate themselves.

Revenue Management 59

Revenue Management Revenue Management Occupancy 59

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. This industry heavily relies on consumers having disposable income.

Operations 59

Operations Management OTA Hotels 59

Clock Software Hospitality

NOVEMBER 3, 2020

Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.

Hospitality 52

Hospitality OTA Revenue Management Hotels 52

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. The entertainment businesses can include attractions of special interest such as zoos and museums, or spectator events such as theatre performances or sports games. This industry heavily relies on consumers having disposable income.

Operations 52

Operations Management OTA Hotels 52

SiteMinder

NOVEMBER 15, 2022

Realistically, this also means that suburban markets, which see spillover during high occupancy dates from large cities, may be able to maximise on those specific dates through clever campaigning. Few things are as disappointing to read on a website as promotional material for events that have already taken place.

Cost Per Click 105

Cost Per Click Hotels Management Cancellation 105

Hotelier Magazine

SEPTEMBER 20, 2024

Occupancy growth has reverted back to ‘normal’ growth levels, and the Middle East and Asia (excluding China) reported strong YOY growth YTD. At the other end of the scale, the leaner model of the rooms-led economy segment, with little-to-no staffed F&B operation, has become more attractive for its operating model. and San Jose.

Tourism 52

Tourism Pipeline Hotels Market 52

Cloudbeds

MARCH 15, 2023

A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.

OTA 98

OTA Revenue Travel Hotels 98

Cloudbeds

FEBRUARY 28, 2024

This will help you increase occupancy, maintain rate parity, and prevent pricing errors, overbookings, and lost sales. Based in Germany, Protel is a legacy PMS provider that also offers a website booking engine, mobile app, and events software. Automate your credit card payment processing.

Revenue Management 98

Revenue Management Revenue Hotels Operations 98

SiteMinder

FEBRUARY 14, 2024

Meanwhile, understanding demand trends allows for dynamic pricing strategies, maximising occupancy and revenue during peak periods and stimulating demand when needed. Current tourism trends: How to attract international tourists The international travel market is of course, by nature, very complex and diverse.

Tourism 59

Tourism Market Marketing Travel 59

Hotelogix

OCTOBER 18, 2023

This leads to better utilization of room inventory and maximizes occupancy rates. Helps You Make Data-Driven Decisions Reservation systems offer detailed reports and analytics on occupancy rates, revenue, and guest preferences. Rate Management: Adjusts room rates based on demand, seasons, and events, optimizing revenue generation.

Business 40

Business Global Distribution System Cancellation Hotels 40

Hotel Designs

AUGUST 29, 2023

With accurate occupancy sensing that can detect when a guest has left the room or distinguish between whether the person in the room is housekeeping or a guest, the room systems can be set back to minimise energy usage. For today’s traveller sustainability is an important consideration.

Hospitality 98

Hospitality Operations Travel Hotels 98

Little Hotelier

MAY 11, 2023

Pricing strategy : Setting room rates on Airbnb can be difficult due to fluctuating demand, seasonality, and local events. It helps to synchronise reservations on Airbnb and other booking platforms to prevent double bookings and improve occupancy rates. Hotels must balance competitive pricing with maintaining profitability.

Management 59

Management Revenue Revenue Management OTA 59

Catala Consulting

OCTOBER 5, 2022

The goal of every hotel owner is to attract customers (both new and old) to their property because it increases the occupancy rate and the hotel’s revenue. Embrace special events: During festive periods and special events, people from all over the world usually travel to celebrate with friends and family.

Hotels 52

Hotels Business Market Marketing 52

Hotelier Magazine

JULY 5, 2024

performance across the board; RevPAR declines reported across all chain scales; and EURO 2024, Formula One and Taylor Swift’s Eras Tour lifted cities across Europe. Shift in Juneteenth holiday pushed occupancy down while rate held. per cent year-over-year (YoY), which was entirely the result of an occupancy decline of 1.8

Average Daily Rate 40

Average Daily Rate Occupancy Scale Hotels 40

Travel Media Group

APRIL 24, 2024

And I think a lot of people wanted extended stay in their portfolio to diversify a little bit from a guest perspective, you know, I always laugh at owners, we just had a, an event last night and owners who don’t own a Home2, but they’re like, when I travel, it’s my favorite brand. And I think that says a lot.

Hospitality 97

Hospitality Branding Digital Marketing Travel 97