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

NOVEMBER 13, 2024

Munich hotels saw a spike in average daily rate (ADR) and revenue per available room (RevPAR) during Expo Real, according to October preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 188

Average Daily Rate Real Estate Revenue Marketing 188

Lodging

NOVEMBER 19, 2024

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6 ppts to +1.4 percent, respectively.

Forecasting 191

Forecasting Average Daily Rate Occupancy Tourism 191

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

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

NOVEMBER 4, 2024

year over year on nearly equal gains in occupancy and average daily rate (ADR). revenue per available room (RevPAR) grew 9.3% Occupancy reached 69%, up 3 percentage points (ppts), and ADR increased 4.6%. The occupancy gain was the largest since earlier this year with 82% of the 171 STR-defined U.S.

Average Daily Rate 241

Average Daily Rate Occupancy Revenue Marketing 241

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

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

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 Marketing Market 245

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

JUNE 6, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Since the early days revenue management has been applied in hotels, there has been an intriguing ongoing discussion.

Revenue Management 246

Revenue Management Average Daily Rate Occupancy Revenue 246

Hospitality Net

OCTOBER 17, 2024

Boosted by the Rock in Rio music festival, Rio de Janeiro’s hotel industry reached its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) in eight years, according to September preliminary data from CoStar.

Average Daily Rate 189

Average Daily Rate Real Estate Revenue Marketing 189

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

Lodging

JULY 16, 2024

TROY, Michigan—With an average daily rate (ADR) for a U.S. hotel room of $158.45 in May 2024—the second-highest month ever behind $159.01 in October 2023 —virtually every traveler in every hotel price bracket is paying more for a hotel room. According to the J.D.

Average Daily Rate 290

Average Daily Rate Travel Hotels 290

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

Hospitality Net

OCTOBER 17, 2024

The 2024 International Trade Fair for Transport Technology (InnoTrans) pushed Berlin’s monthly average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs, according to September preliminary data from CoStar.

Average Daily Rate 187

Average Daily Rate Real Estate Revenue Marketing 187

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. ADR, which stands for average daily rate, is the average income per occupied room your hotel makes in a set period of time. Table of contents. What is hotel ADR? Why is ADR important in the hotel industry?

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Hospitality Net

APRIL 22, 2024

driven by nearly equal gains in occupancy and average daily rate (ADR). Similar to the previous week, U.S. hotel performance ending 13 April 2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8%

Average Daily Rate 264

Average Daily Rate Occupancy Revenue Hotels 264

Hotel News Resource

NOVEMBER 19, 2024

hotel growth in 2024 shows downgraded projections for average daily rate (ADR), revenue per available room (RevPAR), and occupancy. The final forecast revision for U.S.

Average Daily Rate 90

Average Daily Rate Forecasting Occupancy Tourism 90

Hospitality Net

SEPTEMBER 11, 2024

São Paulo posted its highest monthly average daily rate (ADR) and second highest revenue per available room (RevPAR) on record, according to August preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 188

Average Daily Rate Real Estate Revenue Marketing 188

Hospitality Net

NOVEMBER 20, 2023

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. hotel forecast revision of 2023.

Forecasting 273

Forecasting Average Daily Rate Tourism Revenue 273

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

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

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 Marketing 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

MARCH 11, 2024

Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. Growth in revenue per available rooms (RevPAR) returned to the U.S. following the previous week’s decrease.

Average Daily Rate 253

Average Daily Rate Occupancy Revenue 253

Hospitality Net

OCTOBER 23, 2024

percentage points (ppts) and average daily rate (ADR) increasing 1.6%. Hurricane impacts, calendar shifts, and fall break in different parts of the country combined to produce a solid growth week for the U.S. hotel industry. Revenue per available room (RevPAR) for the period ending 12 October 2024 increased 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Lodging

SEPTEMBER 10, 2024

Energy accounts for 6 percent of all operating costs; on average, U.S. For full-service hotels, reducing energy consumption by 10 percent is comparable to raising average daily rate by $1.35. hotels spend $2,196 annually per available room on this line item, according to a report from the EPA’s ENERGY STAR program.

Average Daily Rate 173

Average Daily Rate Services Operations Hotels 173

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

APRIL 12, 2023

Created by SuitePad, Europe’s leading provider of in-room tablets for the hospitality industry and an expert in digital guest communication, the report also reveals that this successful cost management applies only to the Average Daily Rate (ADR) and not to ancillary services.

Average Daily Rate 264

Average Daily Rate Hospitality Services Management 264

Hospitality Net

AUGUST 14, 2024

Boosted by three key events, Berlin’s hotel industry posted its highest July levels in average daily rate (ADR) and revenue per available room (RevPAR), according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 184

Average Daily Rate Events Real Estate Revenue 184

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 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

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

Hotel News Resource

JULY 11, 2024

Between monitoring your competition, figuring out the best room rates, and providing a superb guest experience, things can feel. Running a hotel isn't always easy. frantic.

Average Daily Rate 40

Average Daily Rate Hotels 40

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

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