Hotel News Resource

OCTOBER 11, 2023

I looked at ADR and occupancy to determine if each classification (Luxury & Upper Upscale, Upscale & Upper Midscale, and Midscale & Economy) were capturing their fair share of the market.

Fair Share 52

Fair Share Marketing Market Occupancy 52

Cloudbeds

JULY 4, 2024

This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. Calculate your property’s ADR, RevPAR, and occupancy rate. How is ARI calculated?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

eZee Absolute

AUGUST 25, 2024

They faced their fair share of challenges. Terra Paraiso quickly saw an increase in occupancy rates, even during peak seasons, as they were now able to better manage their resources and pricing strategies. This ensures hotels capture the maximum revenue potential without compromising on occupancy.

Resorts 52

Resorts Revenue Fair Share Operations 52

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

Xotels

APRIL 3, 2024

Making sure you get your fair share of direct bookings allows you to compete with OTAs and avoiding to pay the hefty commissions on those bookings. Overbooking: although overbookings are often seen as a scary proposition, it’s an important strategy to maximise occupancy and achieve those elusive perfect fills.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76

eZee Absolute

OCTOBER 16, 2023

Challenges Faced by the Property Operating in a traditional manner, Beach Street Eco Resort & Spa faced its fair share of obstacles that hindered growth as well as guest experience. With a more efficient booking process, the resort achieved higher occupancy rates and a substantial boost in income.

Resorts 52

Resorts Tourism Fair Share Operations 52

Xotels

JULY 26, 2024

As someone who spent his fair share of time in the trenches of revenue management, I can tell you it isn’t just some fancy industry jargon; it’s a game-changer, a revenue booster, your ticket to serious profit. As a result, their occupancy increased by 20% during the shoulder season, and their overall revenue grew by 15%.

Yield Management 59

Yield Management Upsell Hotels Ancillary Revenue 59