Hospitality Net

OCTOBER 21, 2024

Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder, the world’s leading hotel distribution and revenue platform.

Average Daily Rate 246

Average Daily Rate Revenue Hotels 246

Hospitality Net

AUGUST 21, 2024

The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 245

Average Daily Rate Real Estate Market Marketing 245

Hospitality Net

OCTOBER 7, 2024

increase in average daily rate (ADR). Revenue per available room (RevPAR) rose 10.2% year over year (YoY) for the week ending 28 September 2024, driven by a 7.5% The ADR gain was the largest of the past 80 weeks.

Average Daily Rate 245

Average Daily Rate Revenue 245

Hospitality Net

JANUARY 29, 2024

Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 239

Average Daily Rate Forecasting Hotels 239

Hospitality Net

FEBRUARY 12, 2024

Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9% hotels took an expected seasonal pause with occupancy 1.0 percentage points (ppts) lower compared to the prior week and flat from a year ago. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

AUGUST 19, 2024

Average daily rate (ADR) has continued to rise, pushing RevPAR gains for the past four weeks, but at a rate below the level of inflation. Travelers are squeezing the last drops out of summer as U.S. hotel room demand strengthened year over year (YoY) for the fourth straight week.

Average Daily Rate 258

Average Daily Rate Occupancy Travel Hotels 258

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR. The market is projected for a Friday through Sunday night occupancy of 87.9

Average Daily Rate 278

Average Daily Rate Forecasting Occupancy Revenue 278

Hospitality Net

NOVEMBER 20, 2024

The hotel industry in Cali, Colombia, posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record during the 16th UN Biodiversity Conference (COP16), according to data from CoStar.

Average Daily Rate 246

Average Daily Rate Real Estate Revenue Hotels 246

Lodging

JANUARY 18, 2024

hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. WASHINGTON—The U.S. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: ADR: US$155.62 (+4.3%)RevPAR:

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

Hospitality Net

JANUARY 22, 2024

Thus, this week’s robust gain (+6.3%) in average daily rate (ADR) came as a surprise given occupancy was down 1.5 Early January is generally a slow period for the hotel industry. percentage points (ppts).

Average Daily Rate 260

Average Daily Rate Occupancy Consumer Revenue 260

Hospitality Net

MAY 6, 2024

percentage points (ppts) and average daily rate (ADR) declined 1.3%. hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5% as occupancy fell 0.8

Average Daily Rate 234

Average Daily Rate Occupancy Revenue Hotels 234

Lodging

OCTOBER 19, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.

Average Daily Rate 299

Average Daily Rate Business Hospitality Occupancy 299

Hospitality Net

FEBRUARY 26, 2024

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year. STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

Hospitality Net

MAY 15, 2024

Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand.

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

OCTOBER 28, 2024

growth in average daily rate (ADR) and a 1.1 In the week ending 19 October 2024, U.S. revenue per available room (RevPAR) advanced 4.2% percentage point (ppt) increase in occupancy.

Average Daily Rate 263

Average Daily Rate Scale Occupancy Revenue 263

Hospitality Net

AUGUST 26, 2024

The rate of growth in occupancy, average daily rate (“ADR”) and revenue per available room (“RevPAR”), while robust, continued to decelerate. Luxury hotel occupancy benefitted from increased demand, while ADR growth levels for lower priced properties continued to show significant improvements.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotel Marketing 246

Hospitality Net

OCTOBER 14, 2024

year over year with average daily rate (ADR) retreating 4.4% On the heels of strong gains the previous week, U.S. hotel performance for the period ending 5 October 2024 showed the effects of Rosh Hashanah and Columbus Day/Indigenous Peoples Day calendar shifts as well as the impact of Hurricane Helene. and occupancy falling 2.3

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hospitality Net

NOVEMBER 13, 2024

Hoteliers are starting to realise that room rates alone can’t drive the profits they need. As many reach a ceiling when it comes to average daily rates (ADR), there’s a question mark hanging over how to boost the bottom line. It has to come from other revenue streams, but many are struggling to make this work.

Average Daily Rate 246

Average Daily Rate Revenue Hotels 246

Hospitality Net

OCTOBER 7, 2024

Growth was driven by average daily rate (ADR), which increased 2.3%. For the first time since February, the ADR increase was nearly equal to the monthly rate of inflation (2.5%). hotel revenue per available room (RevPAR) rose 3.9% year over year (YoY) in August, following a lackluster July.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Lodging

NOVEMBER 20, 2023

HENDERSONVILLE, Tennessee—STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. Recent RevPAR trends demonstrate that rate continues to be the primary driver of performance. hotel forecast revision of 2023.

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

Hospitality Net

SEPTEMBER 9, 2024

revenue per available room (RevPAR) increased for the seventh consecutive week, boosted by both average daily rate (ADR) and occupancy. In the week ending 31 August 2024, U.S. Group demand in luxury and upscale hotels rose for the seventh straight week as well.

Average Daily Rate 244

Average Daily Rate Scale Occupancy Revenue 244

Hospitality Net

JANUARY 15, 2024

RevPAR was essentially unchanged compared to the same four weeks last year with average daily rate (ADR) increasing 1.4%, nearly offsetting an occupancy decline of 0.9 saw healthy RevPAR growth (+6.4%) in the week ending 6 January 2024 following a decline of 10.1% in the prior week due to the shift of New Year’s Eve (NYE).

Average Daily Rate 241

Average Daily Rate Occupancy 241

Hospitality Net

MAY 13, 2024

year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% Revenue per available room (RevPAR) increased 0.5% percentage points (ppts).

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hospitality Net

SEPTEMBER 8, 2023

year over year in July, as growth in average daily rate (ADR) continued to decelerate and national occupancy declined for the fourth consecutive month. revenue per available room (RevPAR) grew just 0.8%

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

Hospitality Net

APRIL 29, 2024

year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. Revenue per available room (RevPAR) rose 1.2% percentage points (ppts) YoY.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Marketing 244

Hospitality Net

MAY 27, 2024

The increase in RevPAR was driven almost entirely by average daily rate (ADR), which rose 2.6%. revenue per available room (RevPAR) grew 2.8% year over year (YoY) for the week ending 18 May 2024. Once again group and midweek demand across the upper chain scales drove performance. Occupancy was up 0.1

Average Daily Rate 241

Average Daily Rate Occupancy Scale Revenue 241

Hospitality Net

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The fourth quarter of 2023 demonstrated that group business in 10 of the top markets in the U.S. has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

APRIL 29, 2024

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.

Average Daily Rate 242

Average Daily Rate Real Estate Occupancy Hotels 242

Hospitality Net

FEBRUARY 19, 2024

increase in average daily rate (ADR). Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% and driven entirely by a 6.8% occupancy fell 1.5 ppts as business slowed ahead of the big game.

Average Daily Rate 259

Average Daily Rate Occupancy Revenue Business 259

Hospitality Net

FEBRUARY 5, 2024

increase in average daily rate (ADR). hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 percentage points (ppts).

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

Hospitality Net

APRIL 15, 2024

percentage points [ppts]) and average daily rate (ADR, +2.1%). Weekly U.S. results were robust with revenue per available room (RevPAR) rising 6.9% year over year (YoY) via gains in occupancy (+2.9

Average Daily Rate 225

Average Daily Rate Occupancy Revenue 225

Hospitality Net

AUGUST 26, 2024

Average daily rate (ADR) continued to rise, pushing gains in revenue per available room (RevPAR) for the fifth straight week, albeit at a rate below the level of inflation. Weekday performance saved an otherwise lackluster week across the U.S. hotel industry.

Average Daily Rate 241

Average Daily Rate Occupancy Revenue Market 241

Hospitality Net

MAY 1, 2024

Your competitors are already upping their nightly rates. You’ve got roughly half an hour to decide what average daily rate ought to be for your soon-to-be-sold-out room inventory. Taylor Swift is coming to town! A surge of Swifties are impending.

Average Daily Rate 244

Average Daily Rate Revenue Management Revenue Business 244

Hospitality Net

MAY 1, 2023

Gains continue to be driven by average daily rate (ADR) while occupancy trails pre-pandemic comparables in most corners of the world.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

Lodging

MAY 18, 2023

Average daily rate (ADR) […] The post CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth appeared first on LODGING Magazine. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 percent year-over-year, and an increase of $0.43 from its previous forecast.

Forecasting 264

Forecasting Average Daily Rate Occupancy Revenue 264

Hospitality Net

AUGUST 21, 2023

The rate of growth in occupancy, average daily rate and revenue per available room (“RevPAR”) decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories. to a June low of 4.7%. Q1 RevPAR increased 53.5%

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

NOVEMBER 10, 2024

The metric was up 3.1% (all comparisons are year-over-year unless otherwise noted) on equal gains in occupancy and average daily rate (ADR). hotels produced healthy growth in revenue per available room (RevPAR) for a fourth week in a row. election.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Travel 246