Hospitality Net

MAY 1, 2023

STR’s global “bubble chart” update through 15 April 2023 shows continued improvement in the Asia Pacific region and more than half of global markets with better than 20% growth in revenue per available room (RevPAR) versus 2019.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Marketing 239

Hospitality Net

MARCH 24, 2024

STR’s global "bubble chart" 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.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Lodging

JANUARY 18, 2024

hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: RevPAR: US$97.97 (+4.9%) The country’s occupancy level was its highest since 2019.

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

Hospitality Net

AUGUST 26, 2024

Occupancy was essentially flat for the week with weekdays (Monday through Wednesday) up and the rest of the week down. Average daily rate (ADR) continued to rise, pushing gains in revenue per available room (RevPAR) for the fifth straight week, albeit at a rate below the level of inflation. hotel industry.

Average Daily Rate 241

Average Daily Rate Occupancy Revenue Marketing 241

Hospitality Net

SEPTEMBER 30, 2024

with the bulk of the increase coming from average daily rate (ADR), up 2.0%. More than 60% of the industry’s weekly demand gain came from the Top 25 Markets, where RevPAR increased 3.1% on a slightly higher gain in ADR (+1.9%) than occupancy (+1.2%). RevPAR in all other markets also grew (+2%) via ADR.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. The market is projected for a Friday through Sunday night occupancy of 87.9 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 278

Average Daily Rate Forecasting Occupancy Revenue 278

Hospitality Net

OCTOBER 23, 2024

year over year (YoY) with occupancy rising 1.4 percentage points (ppts) and average daily rate (ADR) increasing 1.6%. Recovery crews entering affected markets also contribute lodging demand. Revenue per available room (RevPAR) for the period ending 12 October 2024 increased 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Hospitality Net

APRIL 29, 2024

Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. Occupancy (at 66.8%), the highest level seen in 2024 so far, was essentially flat dropping 0.2

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Marketing 244

Lodging

OCTOBER 19, 2023

markets have recovered 99.1 Group bookings are calculated using occupancy and average daily rate (ADR). ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S.

Average Daily Rate 299

Average Daily Rate Business Hospitality Occupancy 299

Hospitality Net

JUNE 10, 2024

increase in revenue per available room (RevPAR), all from occupancy, as average daily rate (ADR) was essentially unchanged (+0.1%). The Top 25 Markets amplified this pattern with occupancy increasing 1.6ppts YoY, while ADR for those markets decreased 0.5%, netting RevPAR growth of 2.0%.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Hospitality Net

FEBRUARY 5, 2024

increase in average daily rate (ADR). Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% percentage points (ppts).

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

Hospitality Net

JANUARY 22, 2024

Thus, this week’s robust gain (+6.3%) in average daily rate (ADR) came as a surprise given occupancy was down 1.5 A closer look revealed that most of the growth was due to a single market—Las Vegas, which hosted the annual Consumer Electronics Show (CES) a week later than in 2023. percentage points (ppts).

Average Daily Rate 260

Average Daily Rate Occupancy Consumer Revenue 260

Hospitality Net

JANUARY 25, 2024

The fourth quarter of 2023 demonstrated that group business in 10 of the top markets in the U.S. Group bookings are calculated using occupancy and average daily rate (ADR). has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Lodging

NOVEMBER 20, 2023

HENDERSONVILLE, Tennessee—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. Recent RevPAR trends demonstrate that rate continues to be the primary driver of performance. Occupancy was downgraded slightly (by 0.2

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

Hotelier Magazine

SEPTEMBER 26, 2024

WASHINGTON — Canada’s hotel industry recorded its highest occupancy level for any month since August 2018, according to CoStar’s August 2024 data. August 2024 (percentage change from 2023) Occupancy: 79.7 per cent) Average Daily Rate (ADR): $235.85 (up 3.6 August 2024 (percentage change from 2023) Occupancy: 79.7

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

Hospitality Net

JUNE 17, 2024

lift in average daily rate (ADR). Like in past weeks, RevPAR growth was led entirely by the Top 25 Markets, where RevPAR was up 4.3% on both advancing occupancy and ADR (+1.5ppts and +2.2%, respectively). on falling occupancy (-0.9ppts) with ADR up 1% YoY. In the week ending 8 June 2024, U.S.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Hospitality Net

OCTOBER 18, 2023

markets have recovered 99.1 Group bookings are calculated using occupancy and average daily rate (ADR.) The third quarter of this year shows the top 25 U.S. percent for group business compared to the same time in 2019.

Average Daily Rate 239

Average Daily Rate Business Hospitality Occupancy 239

Lodging

JANUARY 26, 2024

markets has recovered 110 percent compared to the same time in 2019. Group bookings are calculated using occupancy and average daily rate (ADR). ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index.

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182

Hospitality Net

NOVEMBER 22, 2023

Each report includes occupancy (Occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

Hotel Management

JUNE 18, 2024

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. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Hotel Management

JUNE 15, 2023

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

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

Hospitality Net

DECEMBER 11, 2023

hotel occupancy reached 54.2%, an expected increase of 4.8 Average daily rate (ADR) increased 0.8% RevPAR decrease for the market. RevPAR decrease for the market. Moving past Thanksgiving, U.S. percentage points (ppts) compared to the prior week but down 0.9 ppts versus last year.

Average Daily Rate 147

Average Daily Rate Occupancy Marketing Market 147

Hospitality Net

JUNE 18, 2024

The Average Daily Rate (ADR) and Revenue Per Available room (RevPAR) growth for the greater U.S. hospitality market was nearly flat in Q1 2024, increasing by 2.6% Occupancy rates trended downward, decreasing by 1.1% respectively. when compared to the same period a year prior.

Average Daily Rate 147

Average Daily Rate Hospitality Branding Occupancy 147

Hospitality Net

AUGUST 4, 2023

year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Leisure markets remained the strongest RevPAR performers relative to 2019; however, Q2 RevPAR declined from last year in several of them, including West Palm Beach, Savannah, Phoenix and St. Petersburg.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

Hotelier Magazine

MAY 28, 2024

WASHINGTON — After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7 per cent) Average Daily Rate (ADR): CA$188.39 (up 5.1 per cent above 2023.

Occupancy 52

Occupancy Average Daily Rate Hotels Consumer 52

Lodging

MAY 8, 2023

First quarter worldwide RevPAR grew 34 percent year over year, with meaningful gains in both occupancy and average daily rate. International markets were particularly robust, with RevPAR growth of 63 percent. Anthony Capuano, president and CEO, said, “We are off to a great start in 2023.

Average Daily Rate 162

Average Daily Rate Occupancy Marketing Market 162

Hospitality Net

FEBRUARY 12, 2024

The rate of growth in occupancy, average daily rate (“ADR”) and revenue per available room (“RevPAR”), while strong, continued to decelerate as the market moves on a path towards stabilization. 2023 RevPAR experienced a year-over-year increase of 16.5 percent, with Q3 seeing an increase of 13.6 percent.

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Marketing 113

Amadeus Hospitality

MARCH 21, 2024

Data suggests average daily rates (ADR) have also increased significantly because of the eclipse, averaging $170 more than the same day last year. Currently, rates will hit a high of $404 in Burlington which is 183% more than the same day in 2023.

Occupancy 90

Occupancy Average Daily Rate Hotels Marketing 90

Hotelier Magazine

APRIL 25, 2023

In comparison to the same week in 2022, occupancy came in at 64.2 per cent); Average Daily Rate (ADR) came in at US$155.33 (up 4.7 Among the top 25 markets, Minneapolis saw the highest YOY increase in occupancy (up 17.4 Hotels Report Increase in Occupancy, says STR appeared first on Hotelier Magazine.

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64

Hotel News Resource

AUGUST 8, 2024

Average daily rate (ADR) in markets such as Dortmund skyrocketed during the tournament. The BVB Stadion Dortmund hosted six matches, including the England vs. Netherlands semifinal, which generated large spikes in revenue and occupancy.

Average Daily Rate 40

Average Daily Rate Market Marketing Hotel Marketing 40

Hotelier Magazine

MARCH 12, 2024

TORONTO — Avison Young has released its Canada Hotel Market Report: 2023 Review and 2024 Outlook. The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.

Hotel Marketing 64

Hotel Marketing Average Daily Rate Market Marketing 64

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.

Average Daily Rate 45

Average Daily Rate Market Marketing Hotel Marketing 45

Hotel Management

OCTOBER 17, 2024

Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”.

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

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.

Average Daily Rate 103

Average Daily Rate Forecasting Occupancy Hotels 103

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.

Average Daily Rate 40

Average Daily Rate Hotel Marketing Market Marketing 40

Hotel Business

OCTOBER 25, 2024

13-19 October 2024 (percentage change from comparable week in 2023): Occupancy: 70.1% (+1.6) Average daily rate (ADR): $169.85 (+2.5%) Revenue per available room (RevPAR): $119.01 (+4.2%) Among the top 25 markets, Tampa saw the largest occupancy lift (+23.6% Miami saw the highest increases in ADR (+29.9%

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52