adr
Grow Hotel Profits with These Winning Revenue Management Practices
Revenue management is a complex discipline. When practiced fully, it reduces bottom-line drainers such as spillage, spoilage, or overbooking
2024 Total Solar Eclipse: How Will Hotel Performance Compare to 2017?
In early-April 2024, a Total Solar Eclipse will once again pass over cities across North America and drive an influx of spectators in need of overnight accommodations. That means a […]
Why You Shouldn’t Be Afraid to Price Your Rooms High
Shedding the fear of high ADR requires a mindset shift. Instead of worrying about driving guests away, focus on the tangible benefits of higher room price
Price Oscillation: Unraveling the Pendulum Effect on Hotel Rates
Average daily rate per room values has experienced greater growth in the last 3 years, but will price continue to grow rapidly? Will there be a correction?
Loyalty Benefits in More Ways Beyond Net ADR
But beyond a mere net ADR analysis, loyalty adds many other advantages that positively impact your bottom line but are more difficult to trace
No, Loyalty Does Not Increase ADR, But It’s Still Worth It
Why would you expect your discount-based loyalty program to increase your ADR? It’s counter intuitive and mathematically impossible
What ADR Can Tell You and What It Can’t
Recognizing what ADR can and cannot tell you is essential for leveraging this metric effectively and supplementing it with other performance indicators
The “Why?” Is So Important: Use Data to Reach Actionable Insights
By digging deeper into the data, we were able move from the potential problem to identifying and implementing tactical and strategic changes
Tips for Hoteliers to Balance Online and Direct Bookings
Prioritizing profitable bookings along with maximizing occupancy and driving revenue from direct bookings offers the greatest cost-cutting benefits
Hotel Market Shows Continued Resilience with Focus on Luxury
The hospitality sector, in particular, is sensitive to current challenges in the broader economy: rising interest rates, higher inflation and a tight labor market. NB: This is an article from […]