Hotel Management

OCTOBER 17, 2024

“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 In the first nine months of 2024, Japan further established itself as the most attractive hotel market regionally.

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

Hotel News Resource

FEBRUARY 23, 2024

Las Vegas achieved the highest Super Bowl weekend average daily rate (ADR) and revenue per available room (RevPAR). However, the market's levels surpassed the forecast, easily overtaking the previous records held by Miami (2020).

Average Daily Rate 74

Average Daily Rate Forecasting Revenue Marketing 74

Hotelier Magazine

FEBRUARY 10, 2025

TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. Growth was largely driven by higher Average Daily Rates (ADR), which outpaced inflation.

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52

Hotelogix

JULY 18, 2024

Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. What is Hotel Forecasting?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

STAAH

APRIL 16, 2024

Look for a solution that utilizes sophisticated algorithms to analyze market demand, competitor pricing, booking patterns , and other relevant factors in real-time. This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 110

Revenue Management Revenue Management Forecasting 110

Cloudbeds

DECEMBER 2, 2024

One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. But traditional forecasting models no longer cut it.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotelier Magazine

FEBRUARY 7, 2025

According to the latest forecast by CoStar Group and Tourism Economics, U.S. The forecast also predicts a 1.6-per-cent per-cent growth in the Average Daily Rate, with an occupancy level of 63.1 The forecast suggests that the luxury RevPAR is expected to grow by 2.9 HENDERSONVILLE, Tenn. per cent in 2025.

Forecasting 52

Forecasting Average Daily Rate Hotels Tourism 52

SiteMinder

OCTOBER 10, 2023

What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Hotelier Magazine

AUGUST 16, 2023

hotel forecast presented at the recent 15th annual Hotel Data Conference. 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. — per cent, due to a 0.6-

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

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. Overall, the Maldives accounted for 27% of S Hotels and Resorts’ worldwide revenue in 2023 – its second-largest market after the UK.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Hotel Speak

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.

Average Daily Rate 110

Average Daily Rate OTA Overbooking Travel 110

Hotelier Magazine

FEBRUARY 27, 2025

Canadas hotel industry reported positive performance year-over-year, driven by growth in room rates, according to January data from CoStar. per cent) Average Daily Rate (ADR): $180.04 (up 2.7 Among the major markets, Vancouver saw the highest occupancy (60.7 January 2025 (percentage change from 2024) Occupancy: 49.8

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 59

Little Hotelier

OCTOBER 17, 2024

Other deductible expenses: Utility bills, marketing and advertising receipts, maintenance and repair costs, insurance policy documents. Financial planning and forecasting The key to financial planning and forecasting? Financial planning and forecasting The key to financial planning and forecasting?

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

SiteMinder

DECEMBER 17, 2024

On top of this is the incentive of meetings and events being booked at your hotel, since this is a large part of the corporate travel market, and becoming a preferred hotel for this type of business will lead to financial stability. Fees can be variable and also include an annual fee and booking fee.

Global Distribution System 52

Global Distribution System Average Daily Rate Revenue Travel 52

SiteMinder

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The right distribution channels can have strong marketing power, putting your hotel in front of many customers you aren’t able to contact directly.

Revenue Management 98

Revenue Management Revenue Management OTA 98

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. Among the major markets, Vancouver saw the highest occupancy (87 per cent), which was 2.4 HENDERSONVILLE, Tenn. per cent to 75.6 per cent to $232.13.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

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 Toronto topped the major markets with an occupancy rate of 79.6 per cent, marking a 0.8-per-cent

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotelogix

DECEMBER 19, 2024

Picture a system that displays your hotel's current status and forecasts its future. Why Hotel Business Intelligence Matters In today's tough market, you can't just guess. Predictive Analytics Advanced hotel business intelligence software also has the ability to forecast future trends.

Business 40

Business Hotels Forecasting Revenue 40

SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. It’s a testament to how industries adapt, grow, and refine their strategies in response to changing market dynamics and customer expectations.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

STAAH

JULY 8, 2024

The hospitality industry faces seasonal challenges and fluctuating market conditions, including reduced consumer spending and increased competition. Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. A seamless booking experience can significantly reduce abandonment rates.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

Hotelier Magazine

JANUARY 25, 2024

WASHINGTON — Canada’s hotel Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. For 2024, occupancy is forecasted to contract 1.4 Among the major markets, Vancouver saw the highest occupancy (78.5 per cent (up 7.7 per cent (up 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

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

Hotelier Magazine

JUNE 29, 2023

per cent); Average Daily Rate (ADR) came in at $197.10 (up 15 per cent) and Revenue Per Available Room (RevPAR) came in at $136.32 (up 25.7 Among the major markets, Vancouver reported the highest occupancy (83 per cent), which was 8.5 At the market level, the lowest occupancy was reported in Edmonton (60.9

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Hotel Speak

OCTOBER 3, 2024

While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. STR forecasting also shows steady occupancy growth (+1-2% annually) and ADR growth (+3-4) for 2025 and 2026, indicating a positive outlook for our industry. See also: The State of Hospitality 2024 (Free Report) 3.

Hospitality 122

Hospitality Average Daily Rate Occupancy Intent 122

Hotelier Magazine

JUNE 27, 2024

per cent) Average Daily Rate (ADR): CAD$206.39 (up 4.5 per cent) “Improvement in Canada’s hotel room rates drove a RevPAR lift in May,” says Laura Baxter, CoStar Group’s director of Hospitality Analytics for Canada. Among the major markets, Vancouver saw the highest occupancy (83.8 per cent), which was 3.3-per-cent

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

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. The other two indicators are MPI (market penetration index) and RGI (revenue generated index). How is ARI calculated?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

Cloudbeds

MARCH 23, 2023

It’s often said that the internet is the great equalizer, but the reality is that online travel is dominated by players with huge marketing budgets, like OTAs and big hotel brands. 11 hotel eCommerce strategies How can lodging businesses take advantage of the growing online travel market and attract more bookings?

OTA 98

OTA Digital Marketing Marketing Market 98

Cloudbeds

MARCH 20, 2023

When done effectively, personalization can help hotels earn more bookings, higher average daily rates (ADR) , and better online reviews. And it all starts with hotel market segmentation. What is hotel market segmentation? ” Why do you need market segmentation?

Hotel Marketing 52

Hotel Marketing Marketing Market Average Daily Rate 52

SiteMinder

AUGUST 1, 2024

What is hotel rate shopping? Hotel rate shopping is the practice of tracking and monitoring hotel rates amongst your local market and competitors. It also involves tracking your own rates across your connected distribution channels. Table of contents Why is hotel competitor rate shopping useful?

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Cloudbeds

JANUARY 22, 2025

Financial analysis When EBITDAR is combined with other metrics, such as ADR (average daily rate), occupancy rate, or RevPAR (revenue per available room) , it can help dig deeper into financial metrics. Improve marketing and distribution Optimize distribution channels to reduce sales commissions.

Revenue 40

Revenue Hotels Operations Average Daily Rate 40

eZee Absolute

MAY 13, 2024

An RMS is a comprehensive software solution designed to analyze various data points, including historical booking patterns, market demand, competitor pricing, and other factors that influence revenue generation for your hotel. Revenue Forecast Report Looking ahead is crucial for any successful revenue management strategy.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotel Speak

JULY 19, 2024

It depends on the market. They realize that the earlier they book the lower the rates are going to be. If group business has a lower average daily rate (ADR) than transient, which it always does, do you put the group on the books in advance and sell the remaining rooms to transient at a higher rate?

Revenue 79

Revenue Management Revenue Management Average Daily Rate 79

Hotelogix

APRIL 22, 2024

Harnessing hotel data is essential for navigating the modern hospitality landscape, enhancing operational efficiency, and tailoring marketing efforts to meet guest preferences better. Importance of Analysing Hotel Data Hotel data encompasses various information, from guest bookings and preferences to revenue figures and occupancy rates.

Management 52

Management Average Daily Rate Revenue Management Hotels 52

SiteMinder

OCTOBER 16, 2023

Pricing intelligence relies on data such as market trends, real-time insights, local competitor rates, and customer behaviour patterns. Pricing intelligence tools are important to use if you want your hotel to remain competitive and profitable in a modern travel market.

Forecasting 59

Forecasting Revenue Management Revenue Hotels 59

Little Hotelier

AUGUST 29, 2023

It could be that you’re buying a hotel business or investing in one you already own through things like property extensions and renovations, hotel marketing, employee training and hotel software. Income: Forecasted and other expected revenue. Hotel investments come in many shapes and sizes. rent): No connection with business activity.

ROI 98

ROI Hotels Average Length of Stay Revenue 98