eZee Absolute

FEBRUARY 4, 2025

As demand surged, the average daily rate (ADR) for hotels increased by 30%, with luxury hotels seeing the highest influx of international visitors seeking premium accommodations. Budget accommodations also filled to capacity, highlighting the broad economic impact of these events.

Occupancy 52

Occupancy Events Average Daily Rate Tourism 52

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Hotels 130

Hotel Business

FEBRUARY 22, 2023

Travelers continued to book accommodation through Airbnb. Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to $177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by Dec. Stays booked to Spain in August were the longest globally, at 2.65

Travel 102

Travel Average Length of Stay Average Daily Rate Cancellation 102

Hotel Speak

FEBRUARY 11, 2025

With travel and tourism in Asia Pacific (APAC) projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2025 to 2029 – reaching an estimated market volume of US$358.70 billion by 2029 – the region presents a remarkable opportunity for hoteliers.

Hospitality 66

Hospitality Average Daily Rate Revenue Services 66

SiteMinder

SEPTEMBER 4, 2024

SiteMinder’s data also reveals that, during the festival from 21 September to 6 October 2024, room rates for hotels and other accommodation properties in Munich have reached an average of €416 – 59% higher than the city’s average daily rate of €261 this autumn and, notably, 138% above the city’s average of €175 for the year-to-date.

Average Daily Rate 59

Average Daily Rate Accommodation Revenue Hotels 59

Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130

Scale Construction Average Daily Rate Hotels 130

SiteMinder

MAY 8, 2024

Bangkok, Thailand – It was a lucrative Songkran festival for Thai hotels as the average cost of a hotel room surged by 33% during the festival period in April. Between April 11-18, the average daily rate in Thailand increased to THB 5,421 (US$148), from THB 4,087 (US$120) in the corresponding period last year.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

SiteMinder

JUNE 6, 2024

A new report by SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals the momentum of global bookings for accommodation in the Northern Hemisphere, as summer commences. The average daily rate (ADR) has increased in 9-out-of-10 countries. nights, compared to 2.25

Average Daily Rate 59

Average Daily Rate Revenue Accommodation Hotels 59

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

SiteMinder

FEBRUARY 13, 2023

Travellers continued to book accommodation through Airbnb. Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Cloudbeds

MARCH 23, 2023

In the hotel industry, eCommerce refers to the buying and selling of accommodation and related services over the internet. The Cloudbeds Hospitality Platform provides all these tools and more in one centralized system, allowing accommodation operators to manage guest profiles, reservations, payments, and other tasks on an integrated platform.

OTA 98

OTA Digital Marketing Marketing Market 98

Cloudbeds

OCTOBER 9, 2024

In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings. These trends can impact room rates, ancillary revenue, and overall occupancy patterns.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

DECEMBER 4, 2023

Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel average daily rate (ADR) is projected to grow by 4.9%

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Little Hotelier

FEBRUARY 25, 2024

Visit website PJ’s Marketing Mexico PJ’s Marketing Mexico is a business that has grown with its home country’s tourism industry, and can be credited with spurring an impressive portion of that growth. PJ’s boasts a dedicated department of online sales experts, and can take total control of a hotel’s sales arm if a business so chooses.

Revenue Management 52

Revenue Management Revenue Services Management 52

Cloudbeds

APRIL 30, 2024

Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze. In this context, it’s paramount to make sure you are competing against the right properties and have established the correct compset , factoring in things like star rating, facilities, or type of accommodation for optimal pricing.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Operations management in the hospitality industry is a broad term.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Operations management in the hospitality industry is a broad term.

Operations 52

Operations Management OTA Hotels 52