Hotel News Resource

FEBRUARY 27, 2024

Article - 74% of Global Hotel Markets Increased RevPAR to Start 2024 - Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year.

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Hotel News Resource

MARCH 22, 2024

STR's global update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

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Average Daily Rate Marketing Market Hotel Marketing 45

Hotel Business

NOVEMBER 15, 2024

This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. The average daily rate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. decline in occupancy.

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Average Daily Rate Forecasting Occupancy Hotels 103

Hotel News Resource

JULY 31, 2024

In July 2024, the UK hotel market continued its strong performance with RevPAR levels significantly above those of 2019, driven by high occupancy rates and increased Average Daily Rates (ADR).

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Average Daily Rate Tourism Occupancy Hotel Marketing 45

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.

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Average Daily Rate Occupancy Forecasting Hotels 130

Hotel Management

JUNE 29, 2023

Australia’s boutique hotel market is booming amid increased demand for unique and personalised stays. CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

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Average Daily Rate Occupancy Hotels Travel 246

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.

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Average Daily Rate Real Estate Occupancy Accommodation 130

Hotelier Magazine

NOVEMBER 6, 2024

hotels led the nation with a 12.9 per cent RevPAR increase, primarily due to a robust Average Daily Rate (ADR) increase of 7.6 per cent increase in RevPAR and an unprecedented occupancy rate of 93.7 Northeastern U.S. New York City, particularly, stood out with a 16.6 per cent, the highest since 2019.

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Average Daily Rate Occupancy Scale Hotels 52

Amadeus Hospitality

JANUARY 29, 2024

Unique forward-looking hotel booking data from Amadeus shows high demand for travel across various cities for the upcoming holiday period which runs February 10-17th. Zhuhai, China 54% Source: Amadeus’ Demand360+ ® data as of January 15, 2024 In addition to high occupancies, travelers are also paying more for their stay compared to last year.

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Average Daily Rate Occupancy Market Marketing 64

Cloudbeds

JANUARY 17, 2024

With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotel market trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketing strategies this year.

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Hotel Marketing Marketing Market Hotels 98

Hotel Speak

JANUARY 25, 2024

With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023. With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023.

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Average Daily Rate Revenue Travel Upsell 84

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? Use booking data to determine which market segments to target.

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Hotel Marketing Marketing Market Average Daily Rate 52

Hotel Speak

AUGUST 13, 2024

From searching to booking, guests are influenced by an average of 38 websites before making a reservation. Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal.

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Revenue Sales OTA Average Daily Rate 86

Hotelogix

OCTOBER 14, 2023

Average Daily Rate or ADR The Average Daily Rate or ADR is a popular KPI for hotel industry. The ADR is the average rate at which each room at the hotel was sold on a given day. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold.

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KPI Average Length of Stay Average Daily Rate Occupancy 52

SiteMinder

DECEMBER 4, 2023

What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. million people.

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Occupancy Hotels Revenue Average Length of Stay 59

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?

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OTA Occupancy Hotels Revenue 76

Cloudbeds

SEPTEMBER 18, 2024

For hotels, that involves collecting and analyzing data across various sources, including your hotel website, social media channels, online travel agencies (OTAs), surveys, and more. This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency.

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eZee Absolute

MAY 13, 2024

For instance, if the report shows a surge in last-minute bookings for a specific weekend, revenue managers can raise rates to earn more on the high demand and vice versa. Flash Report Flash Report presents the summary of hotel performance metrics. No, it’s no magic crystal ball.

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Little Hotelier

AUGUST 29, 2023

Hotel investments come in many shapes and sizes. 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. Your occupancy rates? Your direct bookings?

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ROI Hotels Average Length of Stay Revenue 98

Little Hotelier

FEBRUARY 25, 2024

Visit website Hotel Marketing Strategist Hotel Marketing Strategist was founded by Opal Gibson, an 18-year veteran of the hospitality industry who brings senior executive experience in the fields of sales, marketing and revenue management.

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SiteMinder

JULY 13, 2024

The best strategists do not set a static figure; timely and effective pricing strategies adjust rates in real-time based on current demand, ensuring that your property can maximise revenue during peak times and maintain or grow occupancy during quieter periods. Revenue management strategy 2.

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MBA Hotels

SEPTEMBER 12, 2018

Many analysts think there is still time in this extended market cycle before the next down turn. According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. However, restaurants can also be a money pit if not managed well.

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Up Hotel

SEPTEMBER 7, 2021

In this article, we’ll help you get to grips with what to look out for when choosing an agency in the hospitality sector, how hotel digital agencies can help you exceed your KPIs, as well as some great questions to ask during the selection process. That’s hotel marketing 101! If this sounds like you, then read on!

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MediaBoom

AUGUST 6, 2024

Hotel branding is about creating a unique identity and emotional connection that sets your hotel apart. It’s the essence of your hotel, reflected in everything from your logo to the guest experience. Hotel marketing is about promoting your hotel’s products and services to attract guests.

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Branding Hotels Services Market 92

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. Offset the rate by taking a high deposit to limit the number of cancelled bookings or no-shows.

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Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. Offset the rate by taking a high deposit to limit the number of cancelled bookings or no-shows.

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Operations Management OTA Hotels 52

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.

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