Average Daily Rate, Consumer and Tourism

NYU Conference: STR upgrades 2023 forecast, with ADR and RevPAR set to increase

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5%

Forecasting

Forecasting Average Daily Rate Occupancy Tourism

Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Hotel Management

FEBRUARY 20, 2024

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Trading should recover further, whilst real estate headwinds may ease.

Real Estate

Real Estate Average Daily Rate Occupancy Marketing

STR and Tourism Economics Lower Growth Forecast for U.S. Hotels

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. Average Daily Rate (ADR) was upgraded 0.1 PARSIPPANY, N.J. —

Forecasting

Forecasting Tourism Average Daily Rate Occupancy

Coronation fortnight to deliver £200m+ boost to UK tourism

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

Tourism Consumer Average Daily Rate Occupancy

Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

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

Scale Construction Average Daily Rate Hotels

Canadian Hotels Experience Record-High Room Rates in October

Hotelier Magazine

NOVEMBER 26, 2024

WASHINGTON — Canadian hotels witnessed a significant landmark in October 2024, as the Average Daily Rate (ADR) surpassed $200 for the first time ever, according to data from CoStar. October’s occupancy rate was 68.5 Meanwhile, the lowest occupancy rate was recorded in Prince Edward Island at 58.2 The ADR rose by 2.4

Average Daily Rate

Average Daily Rate Occupancy Forecasting Tourism

Canadian Hotel ADR and RevPAR Reached Record-highs in July

Hotelier Magazine

AUGUST 29, 2023

Canada’s hotel industry reported its highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any month on record, according to CoStar’s July 2023 data. STR and Tourism Economics’ most recent forecast has been upgraded, with full-year ADR expected to be up 8.6 HENDERSONVILLE, Tenn. per cent to 75.6

Average Daily Rate

Average Daily Rate Occupancy Forecasting Hotels

11 hotel eCommerce strategies for selling more rooms online

Cloudbeds

MARCH 23, 2023

These days, more consumers are going online to make purchases, and travel is no exception. Popular eCommerce platforms like Amazon and Uber have raised the bar, conditioning consumers to expect shopping online to be simple, fast, and secure. Moreover, a hotel room can’t be returned if it doesn’t meet expectations.

OTA

OTA Digital Marketing Marketing Market

Australia’s Hotel Industry – Into 2023 and Beyond

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.

Forecasting

Forecasting Tourism Hotels Average Daily Rate

Hotel feasibility study: Full guide with examples and costs

SiteMinder

MARCH 13, 2025

This is a time consuming process and can often take weeks or months to complete. PKF Hospitality Group : An international firm with broad experience covering the hotel, tourism, and leisure sectors. Typically youll need to engage professional companies or consultants to prepare the study and report on your behalf.

Forecasting for the hospitality industry

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

Forecasting Hospitality Occupancy Revenue Management

The beginner’s guide to hotel room price optimization

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze. Competition.

Revenue

Revenue Revenue Management Occupancy Hotels

Hotel Management: Meaning, Types, and Operations

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services. For example, drinks or spa packages.

Operations

Operations Management OTA Hotels

Hotel Management: Meaning, Types, and Operations

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services. For example, drinks or spa packages.

Operations

Operations Management OTA Hotels

Hotel Sales Focus

NYU Conference: STR upgrades 2023 forecast, with ADR and RevPAR set to increase

Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Trending Sources

STR and Tourism Economics Lower Growth Forecast for U.S. Hotels

Coronation fortnight to deliver £200m+ boost to UK tourism

Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Canadian Hotels Experience Record-High Room Rates in October

Canadian Hotel ADR and RevPAR Reached Record-highs in July

11 hotel eCommerce strategies for selling more rooms online

Australia’s Hotel Industry – Into 2023 and Beyond

Hotel feasibility study: Full guide with examples and costs

Forecasting for the hospitality industry

The beginner’s guide to hotel room price optimization

Hotel Management: Meaning, Types, and Operations

Hotel Management: Meaning, Types, and Operations

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