Access our e-brochure
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Access our e-brochure
Meliá Hotels International The Doyle Collection Marriott International Fairmont Raffles Hotels International Carlson Rezidor Hotel Group Sofitel Luxury Hotels Starwood Hotels & Resorts Barceló Hotels Dorchester Collection Hilton Hotels & Resorts InterContinental Hotels Group Jumeirah International For 15 years, HotStats has been known as THE comprehensive benchmarking tool for hoteliers to improve their profitability performance. Currently 1,650 hotels in over 70 countries, represen&ng 360,000 rooms, par&cipate in our monthly P&L survey. Bringing more benchmarking innova&on HotStats recently launched a new Revenue Management product - MORSE - which helps clients to understand segmenta&on, revenue produc&vity and buying behaviour. Monthly P&L Benchmarking • In-depth Daily Revenue Intelligence Product • > 80 metrics on revenues, cost and profitability from Total Revenue to GOP • 6 key metrics: Occupancy, ARR, RevPar, Addi&onal Spend, Length of Stay and Lead Time • Analyse opera&onal departments and undistributed opera&ng expenses • Each split into 12 customer segments and 5 distribu&on channels • Chief Execu&ves • Revenue Managers • Func&onal Group Specialists • Area / Group Revenue Managers • General Managers • Sales & Marke&ng Managers • Group Development Directors • F&B and Conference Managers • Historic • Historic • Compe&&ve • • P&L data generated through HotStats Data Template or General Ledger Internal (MORSE Insight) and Compe&&ve (MORSE Market View) • Delivered through repor&ng website + excel reports directs to your PC Daily data generated through secure connec&on to your PMS • Delivered through repor&ng website • Iden&fy performance gaps and their origins • • Monitor performance of single departments Analyse profitability of individual channels and segments • Assess the groups performance • • Monitor and increase F&B and C&B produc&vity Maximize revenues through adapta&on of revenue tac&cs according to peak and shoulder for each segment and channel • Set targets according to the markets capabili&es • Time and cost savings through automated detailed repor&ng Data • Target Audience The following summary provides an understanding of the features, benefits and applica&ons of HotStats and MORSE Usage • HotStats profiles every aspect of your hotel’s ac&vity for the last trading month, for the year and for long-term trends. Our service benchmarks your performance against that of your selected compe&tors across a wide range of key opera&onal performance metrics and rooms sta&s&cs including: • Your operated departments’ revenues • Your costs of sales • Your departmental and overhead expenses • Your departmental and overhead payroll costs • Your departmental and hotel profitability Our International Contributors Barceló Hotels Concorde Hotels Conrad Hotels Copthorne Hotels Corinthia Hotels Courtyard by Marriott Crowne Plaza Fairmont Hotels Four Points by Sheraton H10 Hotels Hilton Hotels Holiday Inn InterContinental Hotels Jumeirah Hotels “The informaon provides us with clear insight into how our key drivers of profitability compare to those of our competors. The HotStats website provides us not only with great flexibility of reporng opons, but also a huge volume of historic data and we have found it to be extremely useful and easy to use. “ Paul Simmons, Vice President Finance UKIMEA, Marrio Internaonal Key Benefits HotStats does not limit you to reviewing your rooms – performance of your F&B, restaurants, bars, conference, leisure opera&ons plus your overheads provides more real insight than other benchmarking services. You can review your en&re opera&on from rooms to GOP with an in depth look at your rooms segment sta&s&cs too. This analy&cal tool can be shared across your team and will unify your knowledge of what is going on in the markets you operate. Moreover, HotStats is a useful tool when you are seCng your budgets by providing benchmarking targets to aim at. Last but not least, HotStats is the only benchmarking service that helps you directly generate more profit. Customised Benchmarking Reports Our HotStats website is designed in a fully flexible web repor&ng environment, and all your reports are delivered in one place. As you would expect from custom benchmarking, this provides the ability to compare the performance of single or mul&ple hotels against agreed sets of compe&ng hotels. Any of your team can be granted access to it and their access can be limited to hotel, region or group as you choose. Custom benchmark reports are provided at an agreed annual subscrip&on rate. Just 5 of more than 80 line items you can benchmark are shown below Le Meridien Marriott Hotels Meliá Hotels Millennium Hotels Park Inn Park Plaza Radisson Blu Hotels Raffles Hotels Sheraton A traffic light system gives an immediate visual check on your performance against your compe&&ve set. Sofitel How to contribute Renaissance St. Regis Hotels & Resorts The Luxury Collection The Doyle Collection W Hotels Waldorf Astoria You just need to submit your data in spread sheet or text file format every month by email to our support team - a template is available if required but we prefer to help you by working with your data format and making submission even easier. You can contribute your data with confidence. Your website data is protected by ‘bank level’ security and the HotStats “promise of confiden&ality” covers our repor&ng at all &mes. The ground-breaking Rooms Revenue decision support system for Revenue Managers MORSE t, the cuCng-edge Revenue Management tool developed by the HotStats team, takes daily market intelligence to a whole new level: it delivers reliable, consistent, &mely and meaningful internal and external data at a level of detail that has never been available before. Our web-based service enables you to take informed revenue management decisions and to op&mise your revenues. MORSE is the first Revenue Management tool that in addi&on to delivering you Occupancy, ARR and RevPar on a daily basis also provides • informa&on on addi&onal guest spends, length of stay and lead &me • split into 12 segments such as Corporate Individual, Retail and Wholesale • and 5 distribuon channels (GDS, Own Web, OTA, CRS and Hotel Direct) • through an automated process • comparing your performance to your main competors • every day from 9:00 am “I recommend MORSE to many of my clients as I believe that this innovave system will be the future of revenue management. It allows basing yield decisions on specific knowledge and the actual market demand.” Shona Whitehead, Revenue Consultant So much MORE than daily occupancy, average room rate and RevPar... The technical side MORSE is a very user-friendly system that will save a great amount of &me and cost for your organisa&on through its innova&ve automated data transfer func&on. Instead of preparing manually reports to support your revenue management decisions, with MORSE your PMS will automa&cally create a flat file containing a specified dataset incorpora&ng detail from last night's business and send that file to our MORSE server. Technically there is thus no interface. This new technique is not only cost-efficient but furthermore allows for more reliable repor&ng as human error or deliberate manipula&on is avoided. Your data is kept confiden&al at all &mes. Some key advantages of MORSE are • • • • • • • Time and cost saving repor&ng through secure connec&on to your PMS High degree of detail to inform and op&mise your revenue management tac&cs Easy iden&fica&on of the best performing segments and channels and more exact defini&on of peak and shoulder for each segment and channel Improved forecas&ng thanks to trending of the business per segment and channel Commit to more aggressive business planning in the annual budget round by maximising planned exposure to proven higher rated demand Improved understanding of market movements and your performance in comparison to these market dynamics Real-&me evalua&on of the effec&veness of revenue strategy decisions MORSE not only tells you if you are under– or outperforming the market but also WHY and WHERE