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Hotel industry statistics: Guide for hotels

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% Online sales in the hotel segment will generate 80% of total revenue in 3 years. Average US occupancy rate is just under 65%. million people.

Occupancy 59
Occupancy Hotels Revenue Average Length of Stay 59
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Parking as a source of revenue for hotels

Hotel Business

JUNE 27, 2023

Conduct market research to understand local trends and assess whether other hotels in your competitive set charge for parking. Rate optimization: Analyzing historical data, market trends and competitor pricing to determine the optimal rate for your parking spaces.

Revenue 59
Revenue Hotels KPI Revenue Management 59
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