Lodging

JANUARY 23, 2024

For 2024, growth in average daily rate (ADR) was raised by 0.1 percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S.

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

Hotel Management

JUNE 18, 2024

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Lodging

JUNE 5, 2023

The occupancy projection for this year was lowered 0.2 percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 percent and 1.3 percent, respectively. […] The post STR, TE Update 2023 U.S.

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Amadeus Hospitality

MARCH 21, 2024

Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway. Data suggests average daily rates (ADR) have also increased significantly because of the eclipse, averaging $170 more than the same day last year.

Occupancy 90

Occupancy Average Daily Rate Hotels Marketing 90

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. Naturally occurring events such as the weather. Table of contents.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Hotel Business

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR.) The index combines event data from Knowland with hotel booking data from Amadeus to give both individual and aggregate views of the key drivers of hotel performance and is updated on a quarterly basis. Events achieved 89.1%

Revenue 122

Revenue Average Daily Rate Events Business 122

Hotel Business

FEBRUARY 10, 2023

The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (ADR) of $445. more supply in the market, a unique volume of demand is forecasted to push occupancy slightly higher than Phoenix’s last host year in 2015 (93.7%). Even with 11.7%

Forecasting 105

Forecasting Average Daily Rate Occupancy Consumer 105

Hotel Business

AUGUST 11, 2023

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. Hotel The global average daily rate (ADR) for hotel bookings exceeded earlier predictions, rising 29.8% YoY to $161 in 2022.

Events 98

Events Business Travel Forecasting 98

Hotel Management

AUGUST 15, 2024

AHICE is the Asia-Pacific region’s premier series of hotel industry events, held in seven locations across the Asia-Pacific, including Australia, New Zealand, Singapore, Hawaii, Fiji, the Maldives and now, Japan. We are excited to welcome industry leaders from around the world to this landmark event.”

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

Hotel Management

AUGUST 8, 2024

Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024. As a result, ADR for the group’s cluster of Maldivian properties is expected to rise 15%-20% this year, compared to 2023.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? Why is occupancy rate important?

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Hotel News Resource

NOVEMBER 4, 2024

year over year, primarily due to equal improvements in occupancy and average daily rate (ADR). hotel sector enjoyed significant gains, with RevPAR growing by 9.3%

Average Daily Rate 45

Average Daily Rate Events Occupancy Hotels 45

Hotel News Resource

APRIL 17, 2023

Both cities rely heavily on event and MICE-driven demand, which is evident in their occupancy index. Barcelona's occupancy recovery has generally outpaced Madrid's, but not by much.

Average Daily Rate 52

Average Daily Rate Occupancy Tourism Events 52

Boutique Hotel News

APRIL 4, 2023

The data, produced by Hotstats and analysed by RSM UK, shows that average daily rates (ADRs) of occupied rooms have increased from £121.74 (January) to £128.94 (February) in the UK and from £185.43 UK hotel occupancy rates were up from 56.1 Occupancy levels are yet to reach pre-pandemic volumes of 69.6

Average Daily Rate 97

Average Daily Rate Consumer Occupancy Hotels 97

Amadeus Hospitality

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The Index combines event data from Knowland with hotel booking data from Amadeus’ Demand360+ to provide individual and aggregate views of the key drivers of hotel performance and is updated quarterly. percent of event days were corporate.

Average Daily Rate 59

Average Daily Rate Business Events Hospitality 59

Little Hotelier

OCTOBER 17, 2024

Sales and revenue-related tax documents: VAT/GST/sales tax returns , documents on hotel/room occupancy taxes , tourism levies, merchant transaction reports for card payments. Additional services revenue: Income from parking, your day spa, tours, events, etc. Employee-related tax documents: Payroll records, employee tax forms (e.g.,

Average Daily Rate 93

Average Daily Rate Revenue Hotels Occupancy 93

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. It involves forecasting key metrics such as demand, occupancy, average daily rate, and RevPAR (revenue per available room). What is Hotel Forecasting? How do we Forecast Demand?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Amadeus Hospitality

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). The Index combines event data from Knowland with hotel booking data from Amadeus to give both individual and aggregate views of the key drivers of hotel performance and is updated on a quarterly basis. Events achieved 89.1%

Average Daily Rate 59

Average Daily Rate Business Revenue Events 59

Amadeus Hospitality

AUGUST 1, 2023

The index, which combines event data from Knowland with hotel booking data from Amadeus to give both individual and aggregate views of the key drivers of hotel performance, was first launched in June and is updated on a quarterly basis. Growth or declines in ADR can offset room night performance.

Average Daily Rate 52

Average Daily Rate Revenue Business Market 52

Hotel Speak

OCTOBER 3, 2024

The two-day event, centred around the theme “Proven Paths, New Horizons,” provided a comprehensive overview of the UK hospitality landscape in 2024. Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. Robert Shrimsley, Financial Times 2.

Hospitality 113

Hospitality Average Daily Rate Occupancy Intent 113

Hotel Management

JULY 3, 2024

Compared to 2019, Fiji’s Average Daily Rate (ADR) is 71% higher than it was in 2019 at AU$461, according to STR’s Regional Director Matt Burke in his exclusive AHICE outlook, and that is resulting in record results for owners and operators across the nation. Then again, it’s even hotter than you thought.

Tourism 113

Tourism Average Daily Rate Resorts Marketing 113

SiteMinder

JUNE 12, 2024

This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. By adjusting room rates based on demand, seasonality, and other external factors, hotels can optimise their pricing to maximise revenue.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Cloudbeds

JULY 4, 2024

The average rate index (ARI) is a metric that allows hoteliers to evaluate the performance of their room rates relative to a group of competitors during a specific period. Calculate your property’s ADR, RevPAR, and occupancy rate. How is ARI calculated?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

SiteMinder

JUNE 2, 2024

With the surge of arrivals of international fans, the average daily rate for stays during the UEFA Euro season has grown by 11% throughout Germany to €214 – compared to €192 in the previous year. Despite the rise in costs, the eagerness of travellers to plan their trips highlights a critical revenue opportunity for hotels.

Average Daily Rate 59

Average Daily Rate Revenue Forecasting Hotels 59

SiteMinder

OCTOBER 10, 2023

By analysing past and present data, hotel forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. Demand forecast Anticipating future demand is crucial for setting room rates and promotional offers.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

APRIL 18, 2024

Undoubtedly, more travellers than ever before are framing their trips around major events, and hotels are adapting to keep pace. He adds: “Alarmingly, the average daily rate at London hotels has decreased slightly by 6.5% year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Cloudbeds

JANUARY 17, 2024

Since data collection is more event-based with GA4 than session-based, you must adjust your data collection strategies to capture the most relevant data points. Travelers are increasingly drawn to unique experiences, whether concerts (like Taylor Swift and Beyonce) or sporting events. “Are you ready for it?”

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

SiteMinder

JUNE 8, 2022

By analysing past and present data, forecasting enables you to predict future outcomes and gives you the opportunity to correct past mistakes, maximise profit, and be prepared for disruptions or unforeseen events. The outcome of your forecasting should always be the ability to react to market changes, optimise occupancy, and maximise revenue.

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Cloudbeds

OCTOBER 17, 2024

By strategically analyzing revenue booked, occupancy rates, acquisition costs, and guest segments, hotels can build an advanced distribution strategy that delivers real value. These include: Occupancy rate – which channels contribute most to occupancy?

OTA 76

OTA Occupancy Hotels Revenue 76

Cloudbeds

OCTOBER 9, 2024

Accurate forecasts enable hotels to implement dynamic pricing strategies, adjusting rates in real time based on predicted demand. Forecasting is the process of making predictions about future events or conditions based on the analysis of past and present data. What is forecasting?

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Amadeus Hospitality

JUNE 27, 2023

This is why Amadeus , a global leader in hospitality technology, and Knowland , a global provider of data-as-a-service insights on meetings and events for hospitality, are expanding their partnership to deliver new data insights that will allow the industry to understand key trends, measure performance, and plan for the future.

Business 52

Business Hospitality Events Average Daily Rate 52

Hotelogix

NOVEMBER 7, 2024

The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. If they lower their rates, you might need to adjust yours to stay competitive.

Hotel Sales 52

Hotel Sales Revenue Sales OTA 52

SiteMinder

JULY 13, 2024

By analysing historical data, current bookings, local events, and even broader market trends to identify patterns, your hotel can anticipate busy and quiet periods. Within a dynamic pricing strategy , prices should vary based on supply and demand to improve revenue and ensure maximum occupancy.

Revenue Management 98

Revenue Management Revenue Management OTA 98

SiteMinder

DECEMBER 7, 2023

This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance. Table of contents Why does hotel rate management matter? Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Amadeus Hospitality

SEPTEMBER 22, 2023

Occupancy rates, Average Daily Rate (ADR), and Revenue per Available Room (RevPAR) are just a few core metrics that can shape your decisions. Data-Driven Insights: The Cornerstone of Success In today’s digital age, data is king.

Revenue 52

Revenue Sales Average Daily Rate Revenue Management 52

SiteMinder

OCTOBER 10, 2022

For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. Your index number tells you whether or not your hotel is outperforming your compset against three key KPIs: occupancy, ADR and RevPar. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52