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 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel News Resource

AUGUST 8, 2024

For 2024, projected gains in average daily rate (ADR) were downgraded 0.1 percentage points, while revenue per available room (RevPAR) was held steady at +2.0% year over year.

Average Daily Rate 81

Average Daily Rate Forecasting Tourism Revenue 81

eHotelier

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 52

Forecasting Average Daily Rate Tourism Revenue 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

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

Hotel News Resource

AUGUST 11, 2023

Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024. For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 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 52

Average Daily Rate Forecasting Occupancy Tourism 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

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 245

Real Estate Average Daily Rate Occupancy Market 245

Hotel Management

AUGUST 8, 2024

First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. 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.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

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

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 52

Tourism Consumer Average Daily Rate Occupancy 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 52

Average Daily Rate Revenue Hotels Occupancy 52

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. 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.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

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 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. An annual revenue growth rate of 4.2%

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Market Marketing 98

Cloudbeds

APRIL 30, 2024

Adjusting your room prices based on real-time forecasts and competitor data means you can seize every revenue opportunity, irrespective of whether you’re in a period of low or high demand. Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

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.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 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 STR and Tourism Economics launched an updated forecast in June and the new version remains similar to the last, projecting full-year occupancy to return to 2019 levels this year.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. billion, up from $3.09

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline Hotels 52