SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Hotel occupancy will increase 2.5%

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Hotelogix

DECEMBER 25, 2023

  More online room sales A cloud-based PMS can easily integrate with other third-party hospitality solutions like a hotel channel manager. The integration allows real-time rates and inventory updates across multiple online sales channels, including OTAs and metasearch engines.

Revenue 59

Revenue Sales Shopping Hotels 59

Inn Quest

MARCH 23, 2023

Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates. According to Tourism Australia, there were 2.2 since last year (IBISWorld).

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Hotelogix

NOVEMBER 30, 2023

For guests, they are like the ultimate platform to look at multiple options, compare rates, read reviews, see hotels’ online scores, etc.,   Importance of OTAs for hotel booking As online sales channels, OTAs generate about 50% to 55% of hotel bookings. before making the reservation - everything in one place.

OTA 59

OTA Hotels Online Sales Marketing 59

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Statista ) In 2021, a2,246 hotels opened worldwide, with a forecast increase of 2,805 hotel openings in 2022. billion in 2021. ( Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Hotel Business

JUNE 27, 2023

This approach helps balance revenue generation with occupancy rates, ultimately driving profitability. Distribute unused spaces via online sales channels Maximizing the utilization of your parking assets is essential, especially if you have unused parking spaces or experience seasonal fluctuations in demand.

Revenue 59

Revenue Hotels KPI Revenue Management 59