Hospitality Net

FEBRUARY 12, 2024

hotels took an expected seasonal pause with occupancy 1.0 Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9% percentage points (ppts) lower compared to the prior week and flat from a year ago. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

AUGUST 19, 2024

Occupancy has increased in three of those weeks with growth softened by a small supply increase. Average daily rate (ADR) has continued to rise, pushing RevPAR gains for the past four weeks, but at a rate below the level of inflation. Travelers are squeezing the last drops out of summer as U.S.

Average Daily Rate 258

Average Daily Rate Occupancy Travel Hotels 258

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

MAY 13, 2024

year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% and occupancy down 0.2%. percentage points (ppts).

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

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 Early January is generally a slow period for the hotel industry. percentage points (ppts).

Average Daily Rate 260

Average Daily Rate Occupancy Consumer Revenue 260

Hospitality Net

MAY 6, 2024

as occupancy fell 0.8 percentage points (ppts) and average daily rate (ADR) declined 1.3%. hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5%

Average Daily Rate 234

Average Daily Rate Occupancy Revenue Hotels 234

Hospitality Net

MAY 27, 2024

The increase in RevPAR was driven almost entirely by average daily rate (ADR), which rose 2.6%. Occupancy was up 0.1 percentage points (ppts) at 67.4%, which was the highest weekly occupancy of 2024 but still 3.0 Once again group and midweek demand across the upper chain scales drove performance.

Average Daily Rate 241

Average Daily Rate Occupancy Scale Revenue 241

Lodging

OCTOBER 19, 2023

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

Average Daily Rate 299

Average Daily Rate Business Hospitality Occupancy 299

Hospitality Net

APRIL 29, 2024

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.

Average Daily Rate 242

Average Daily Rate Real Estate Occupancy Hotels 242

Hospitality Net

FEBRUARY 26, 2024

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year. STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

Hospitality Net

MAY 15, 2024

Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand.

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

OCTOBER 28, 2024

growth in average daily rate (ADR) and a 1.1 percentage point (ppt) increase in occupancy. In the week ending 19 October 2024, U.S. revenue per available room (RevPAR) advanced 4.2%

Average Daily Rate 263

Average Daily Rate Scale Occupancy Revenue 263

Hospitality Net

OCTOBER 14, 2024

year over year with average daily rate (ADR) retreating 4.4% and occupancy falling 2.3 On the heels of strong gains the previous week, U.S. Revenue per available room (RevPAR) dropped 7.7% percentage points (ppts).

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hospitality Net

OCTOBER 7, 2024

Growth was driven by average daily rate (ADR), which increased 2.3%. For the first time since February, the ADR increase was nearly equal to the monthly rate of inflation (2.5%). After two months of declines, occupancy improved by 1ppt to 66.9%, which was 4.1ppts below August 2019.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

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

Hospitality Net

SEPTEMBER 9, 2024

revenue per available room (RevPAR) increased for the seventh consecutive week, boosted by both average daily rate (ADR) and occupancy. In the week ending 31 August 2024, U.S. Group demand in luxury and upscale hotels rose for the seventh straight week as well.

Average Daily Rate 244

Average Daily Rate Scale Occupancy Revenue 244

Hospitality Net

JANUARY 15, 2024

RevPAR was essentially unchanged compared to the same four weeks last year with average daily rate (ADR) increasing 1.4%, nearly offsetting an occupancy decline of 0.9 saw healthy RevPAR growth (+6.4%) in the week ending 6 January 2024 following a decline of 10.1% Over the past four weeks, U.S. percentage points (ppts).

Average Daily Rate 241

Average Daily Rate Occupancy 241

Lodging

MAY 18, 2023

DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. The positive revision is predicated on a 65-basis-point (bps) increase in expected occupancy compared with the previous forecast issued in February 2023.

Forecasting 264

Forecasting Average Daily Rate Occupancy Revenue 264

Hospitality Net

SEPTEMBER 8, 2023

year over year in July, as growth in average daily rate (ADR) continued to decelerate and national occupancy declined for the fourth consecutive month. revenue per available room (RevPAR) grew just 0.8%

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

Hospitality Net

APRIL 29, 2024

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 Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. percentage points (ppts) YoY.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Marketing 244

Hospitality Net

JANUARY 25, 2024

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

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

FEBRUARY 19, 2024

increase in average daily rate (ADR). occupancy fell 1.5 Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% and driven entirely by a 6.8% ppts as business slowed ahead of the big game.

Average Daily Rate 259

Average Daily Rate Occupancy Revenue Business 259

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

APRIL 15, 2024

year over year (YoY) via gains in occupancy (+2.9 percentage points [ppts]) and average daily rate (ADR, +2.1%). Weekly U.S. results were robust with revenue per available room (RevPAR) rising 6.9%

Average Daily Rate 225

Average Daily Rate Occupancy Revenue 225

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 Market 241

Hospitality Net

AUGUST 21, 2023

The rate of growth in occupancy, average daily rate and revenue per available room (“RevPAR”) decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories. to a June low of 4.7%. Q1 RevPAR increased 53.5%

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

MAY 29, 2024

Spain’s hotels achieved occupancy of 68.5% compared to the same quarter in 2023), with average daily rates (ADR) standing at €134.60 (+11.7%) and revenue per available room (RevPAR) of €92.10 (+17.1%). between January and March (+4.9% In terms of destinations, the Canaries topped the table for all three indicators.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Tourism 246

Hospitality Net

NOVEMBER 10, 2024

The metric was up 3.1% (all comparisons are year-over-year unless otherwise noted) on equal gains in occupancy and average daily rate (ADR). hotels produced healthy growth in revenue per available room (RevPAR) for a fourth week in a row. election.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Travel 246

Hospitality Net

FEBRUARY 12, 2024

drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7% increase in average daily rates (ADR), resulting in a 1.9% year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5% decrease in revenue per available room (RevPAR) during the quarter.

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

Hospitality Net

OCTOBER 18, 2023

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

Average Daily Rate 239

Average Daily Rate Business Hospitality Occupancy 239

Lodging

NOVEMBER 19, 2024

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. percentage points to +1.5 ppts to +1.4

Forecasting 262

Forecasting Average Daily Rate Occupancy Tourism 262

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 202

Average Daily Rate Market Marketing Occupancy 202

Hospitality Net

OCTOBER 11, 2023

Even though room rates remained flat in comparison with 2019 during the first half of the year, Japan posted elevated average daily rate (ADR) of JPY18,507.46 Japan’s hotel occupancy is still yet to reach full recovery, with July’s 73.4% average coming in at 88.3% That level was 126.9%

Average Daily Rate 230

Average Daily Rate Occupancy Hotels 230

Hospitality Net

APRIL 11, 2023

hotel occupancy, which reached the second highest level of the year (66.2%), up 2.2 Average daily rate (ADR) of US$158 matched last week’s level and like occupancy, it was the second highest of the year so far. March concluded with an uptick in weekly U.S. percentage points (ppts) from a year ago, but 1.3

Average Daily Rate 217

Average Daily Rate Occupancy Hotels 217

Hospitality Net

AUGUST 4, 2023

year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Occupancy rates for all location types were below 2019 levels in Q2. Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5% year-over-year, its slowest annual growth since Q1 2021. Petersburg.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

Lodging

JANUARY 26, 2024

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

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182

Lodging

JANUARY 23, 2024

For 2024, growth in average daily rate (ADR) was raised by 0.1 percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S.

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182