Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. 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

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel News Resource

NOVEMBER 19, 2024

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

Average Daily Rate 92

Average Daily Rate Forecasting Occupancy Tourism 92

Hotel Business

FEBRUARY 10, 2023

Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for Feb. 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. Even with 11.7% Even with 11.7%

Forecasting 105

Forecasting Average Daily Rate Occupancy Consumer 105

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

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

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 Given that investor interest is unlikely to wane, JLL forecasts in total sales of $4.7

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

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

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? Hotel financial forecasting helps hoteliers set targets by predicting fiscal outcomes.

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

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 10, 2025

Overall occupancy levels remained flat, increasing by just 0.1 Growth was largely driven by higher Average Daily Rates (ADR), which outpaced inflation. ADR growth is forecasted at 1.7 per cent year-over-year. per cent to total supply. per cent, raising concerns about whether it will keep pace with projected 2.4

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52

STAAH

APRIL 16, 2024

An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts.

Revenue Management 108

Revenue Management Revenue Management Forecasting 108

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

Hotel News Resource

AUGUST 11, 2023

percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

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.

Forecasting 52

Forecasting Average Daily Rate Hotels Tourism 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. per-cent downgrade in occupancy growth. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. per-cent downgrade in occupancy. 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. Following the official launch of SO/ Maldives, this contribution is forecast to rise to 35% in 2024, with strong forward bookings.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

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. January 2025 (percentage change from 2024) Occupancy: 49.8 per cent) Average Daily Rate (ADR): $180.04 (up 2.7 Among the major markets, Vancouver saw the highest occupancy (60.7

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 59

Hotel Business

AUGUST 11, 2023

This is according to the 2024 Global Business Travel Forecast , released by CWT and the Global Business Travel Association (GBTA). Rising fuel prices, labor shortages and supply chain challenges, coupled with red hot demand, caused travel prices to skyrocket in 2022—far surpassing some of the increases outlined in last year’s forecast.

Events 98

Events Business Travel Forecasting 98

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

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. In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. per cent to 75.6 per cent), down 1.8

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

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. Financial planning and forecasting The key to financial planning and forecasting? mortgage or loan interest statements.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

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 Among the provinces and territories, Nova Scotia reported the highest occupancy level at 74.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 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. In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 per cent (up 7.7 per cent (up 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

Hotel Speak

OCTOBER 3, 2024

Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Robert Shrimsley, Financial Times 2.

Hospitality 122

Hospitality Average Daily Rate Occupancy Intent 122

Hotelier Magazine

JUNE 29, 2023

In May 2023 (year-over-year percentage change), occupancy came in at 69.2 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 provinces and territories, Newfoundland recorded the highest May occupancy level (79.9

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

SiteMinder

JUNE 12, 2024

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. This strategy aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

SiteMinder

DECEMBER 17, 2024

With a GDS like Amadeus youll see at least five key outcomes: Access to high-value travellers that includes those who book mid-week and spend more: This will allow you to combat traditional seasonality and help you maximise average daily rate (ADR) as well as boost the profit from every individual booking.

Global Distribution System 52

Global Distribution System Average Daily Rate Revenue Travel 52

Hotelier Magazine

JUNE 27, 2024

May 2024 (percentage change from 2023): Occupancy: 69 per cent (up 0.2 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. While group occupancy fell 5.5

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

SiteMinder

JULY 13, 2024

Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively. This involves a thorough examination of competitors’ offerings, rates, amenities, and even guest reviews.

Revenue Management 98

Revenue Management Revenue Management OTA 98

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

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

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It offers insights into room demand and helps in forecasting.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

SiteMinder

APRIL 18, 2024

As travellers book further in advance, hoteliers are in a stronger position to forecast occupancy and optimise their revenue management, allowing them to fully leverage events like the London Marathon,” concludes Bishop. He adds: “Alarmingly, the average daily rate at London hotels has decreased slightly by 6.5%

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Hotelogix

DECEMBER 19, 2024

Picture a system that displays your hotel's current status and forecasts its future. Predictive Analytics Advanced hotel business intelligence software also has the ability to forecast future trends. This happens through: Dynamic Pricing: Changing rates based on demand and what competitors charge.

Business 40

Business Hotels Forecasting Revenue 40

SiteMinder

AUGUST 1, 2024

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78