Hospitality Net

AUGUST 26, 2024

The rate of growth in occupancy, average daily rate (“ADR”) and revenue per available room (“RevPAR”), while robust, continued to decelerate. Luxury hotel occupancy benefitted from increased demand, while ADR growth levels for lower priced properties continued to show significant improvements.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotel Marketing 246

Hospitality Net

OCTOBER 7, 2024

hotel revenue per available room (RevPAR) rose 3.9% 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%). year over year (YoY) in August, following a lackluster July.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

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

Skift Blog

JULY 2, 2024

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift

Average Daily Rate 275

Average Daily Rate Revenue Hotels Branding 275

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 Market 239

Hospitality Net

APRIL 22, 2024

Revenue per available room (RevPAR) rose 5.8% driven by nearly equal gains in occupancy and average daily rate (ADR). Similar to the previous week, U.S. hotel performance ending 13 April 2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse.

Average Daily Rate 264

Average Daily Rate Occupancy Revenue Hotels 264

Hospitality Net

MAY 13, 2024

Revenue per available room (RevPAR) increased 0.5% 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%

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hotel News Resource

NOVEMBER 19, 2024

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

Average Daily Rate 90

Average Daily Rate Forecasting Occupancy Tourism 90

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

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

MAY 27, 2024

revenue per available room (RevPAR) grew 2.8% 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 Occupancy was up 0.1

Average Daily Rate 241

Average Daily Rate Occupancy Scale Revenue 241

Hospitality Net

MAY 6, 2024

Revenue per available room (RevPAR) declined 2.5% 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.

Average Daily Rate 234

Average Daily Rate Occupancy Revenue Hotels 234

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

MARCH 11, 2024

Growth in revenue per available rooms (RevPAR) returned to the U.S. Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. following the previous week’s decrease.

Average Daily Rate 253

Average Daily Rate Occupancy Revenue 253

Hospitality Net

OCTOBER 23, 2024

Revenue per available room (RevPAR) for the period ending 12 October 2024 increased 3.8% year over year (YoY) with occupancy rising 1.4 percentage points (ppts) and average daily rate (ADR) increasing 1.6%. hotel industry.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

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% year over year (YoY), resulting in a gain in revenue per available room (RevPAR) of 1.7%. percentage points (ppts) lower compared to the prior week and flat from a year ago.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

SEPTEMBER 30, 2024

hotels saw revenue per available room (RevPAR) rise 2.5% with the bulk of the increase coming from average daily rate (ADR), up 2.0%. on a slightly higher gain in ADR (+1.9%) than occupancy (+1.2%). Industry occupancy increased to 68.9%, the first time above 68% since early-August.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 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 That level combined with an ADR of $573 would result in revenue per available room (RevPAR) of $504.

Average Daily Rate 278

Average Daily Rate Forecasting Occupancy Revenue 278

Hospitality Net

FEBRUARY 26, 2024

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. 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 238

Average Daily Rate Market Marketing Occupancy 238

Hospitality Net

APRIL 29, 2024

Revenue per available room (RevPAR) rose 1.2% 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 percentage points (ppts) YoY.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Marketing 244

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

JULY 2, 2024

revenue per available room (RevPAR) decreased 2.4% year over year (YoY), which was entirely the result of an occupancy decline of 1.8 Average daily rate (ADR) was basically flat at +0.1% percentage points (ppts).

Average Daily Rate 130

Average Daily Rate Occupancy Revenue 130

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

Hotel Management

APRIL 22, 2024

During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% Over the three-week period of the Adelaide Festival, March1-17, alongside Adelaide Fringe, which ran from February 16 – March 17, hotel occupancy was up 6% yoy to 82.5%.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

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.

Average Daily Rate 202

Average Daily Rate Market Marketing Occupancy 202

Hospitality Net

SEPTEMBER 8, 2023

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

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

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 revenue per available room (RevPAR) advanced 3.3% percentage points (ppts). due to the ADR boost.

Average Daily Rate 260

Average Daily Rate Occupancy Consumer Revenue 260

Hospitality Net

APRIL 15, 2024

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

Average Daily Rate 225

Average Daily Rate Occupancy Revenue 225

Hospitality Net

NOVEMBER 17, 2023

billion of revenue in the first nine months of 2023, up 28.1% Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% NH Hotel Group (NH), part of Minor Hotels, generated €1.61 year-on-year. year-on-year and 25.2% compared to 9M19.

Average Daily Rate 189

Average Daily Rate Revenue Occupancy Hotels 189

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 Tourism Hotels 246

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 Market 130

Hospitality Net

FEBRUARY 5, 2024

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

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

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. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 percent year-over-year, and an increase of $0.43 from its previous forecast.

Forecasting 264

Forecasting Average Daily Rate Occupancy Revenue 264

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% decrease in revenue per available room (RevPAR) during the quarter. year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5%

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

Hotel Management

JANUARY 16, 2024

Helped by a New Year’s Eve Sydney’s hotel industry, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from property analytics platform CoStar. In December 2023, Sydney hotels achieved occupancy of 77.1%, up 9.9% increase year over year.

Average Daily Rate 130

Average Daily Rate Occupancy Closing Revenue 130

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

FEBRUARY 19, 2024

hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% increase in average daily rate (ADR). occupancy fell 1.5 Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. 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