Hotel Revenue Management Statistics
We’ve all stayed in both: full service hotels and limited service hotels. Full service hotels are all about giving you the maximum hospitality experience. It’s not just about sleeping in a nice bed. It’s also about food, and a full gym, and a nice pool. These types of hotels are more likely to have larger revenue management needs. Limited service hotels try to cut costs down to just what you need like a motel. The benefit there is that limited service hotels don’t have to spend as much money so fewer costs.
So let’s check out the stats:
Occupancy on average seems to be in the 60th percentile for both full service and limited service hotels.
All hotels want to get as close to 100% as possible and it’s all about revenue management in terms of getting these hotels booked up.
Another thing to see is that full service hotels depend a lot on revenue outside of sleeping rooms. This is where revenue management comes in. The average full service hotel gets about $10,000 of revenue from food every day.
That’s a big deal. That means hotels are going to try to get you to get you in their bars and restaurants as much as possible.
And this makes sense. The full service hotel is all about the full service experience. They need to find all the avenues for revenue and optimizing revenue management that they can get.
So with a full service hotel, you get the works in terms of hospitality, but what do you prefer? Do you just want a bed a room for the lower cost of a limited service hotel or do you want the pamper treatment of a full service hotel?
Let us know in the comments below after checking out our infographic.
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