Hospitality Net

JUNE 18, 2024

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

Average Daily Rate 147

Average Daily Rate Hospitality Branding Occupancy 147

Hospitality Net

MAY 3, 2024

and will continue to benefit from returning international inbound travel this year. Global occupancy moved up to 62% and average daily rate increased by a further +2% as pricing remained robust, reflecting the complete return of leisure, business, and group travel.

Average Daily Rate 183

Average Daily Rate Occupancy Travel Business 183

Hospitality Net

AUGUST 4, 2023

year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Total inbound foreign visitors were 27% below pre-pandemic 2019 levels, while the number of Americans traveling to Europe and the Caribbean increased by 5% and 8%, respectively. year-over-year, its slowest annual growth since Q1 2021.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

Lodging

MAY 8, 2023

First quarter worldwide RevPAR grew 34 percent year over year, with meaningful gains in both occupancy and average daily rate. The lifting of travel restrictions throughout Asia Pacific, particularly in Greater China, significantly boosted first-quarter demand in the region.

Average Daily Rate 162

Average Daily Rate Occupancy Marketing Market 162

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 Management

JUNE 29, 2023

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.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

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 Management

JUNE 6, 2023

The occupancy projection for this year was lowered 0.2% from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5% downgrade in occupancy coupled with a 0.7% and 1.3%, respectively. For 2024, a 1.4% lift in ADR meant a RevPAR downgrade of 0.6%.

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Management

JUNE 18, 2024

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. In a world where tourists are increasingly seeking authentic, meaningful travel, with easy access, Fiji continues to tick the box. Register now for AHICE Fiji Islands Investment in Tourism Summit.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Hotelier Magazine

MAY 2, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. In comparison to 2019, occupancy came in at 62.6 per cent); Average Daily Rate (ADR) came in $177.72 (up 19.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

Hotel Management

JULY 4, 2023

The long-term outlook for Australia’s visitor economy remains bright, despite the impact of interest rate rises and lower household savings rates in the near term, but a full recovery may take until 2025, according to Tourism Research Australia’s 2022 State of the Industry report. Australia welcomed 3.4

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Little Hotelier

OCTOBER 17, 2024

The ‘STAR’ in ‘STAR report’ is an acronym that stands for “Smith Travel Accommodations Report”. It stands for “Smith Travel Research”, so the STAR report is also often referred to as the STR report. lower occupancy index). Example strategy: Your occupancy rate is 10% lower than your competitor set.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Marketing 52

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? Why is occupancy rate important?

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Hotel Management

FEBRUARY 13, 2024

Demand for leisure and business travel across most key markets drove strong rate growth, with group-wide average daily rate (ADR) increasing by 10% compared with the previous year. Group-wide RevPAR rose 22% versus 2022, with Thailand reporting 73% growth and Europe and Americas reporting a 26% increase.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

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. For the U.S.

Average Daily Rate 85

Average Daily Rate Revenue Travel Upsell 85

Hotel Management

FEBRUARY 20, 2024

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. This trend is spurred by increasing global wealth and the ongoing convergence of living and traveling, respectively. In 2023, two consistent headlines emerged. Do these themes play out closer to home?

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

Hotelier Magazine

MARCH 12, 2024

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

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. It involves forecasting key metrics such as demand, occupancy, average daily rate, and RevPAR (revenue per available room). What is Hotel Forecasting? How do we Forecast Demand?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Hotel Management

OCTOBER 24, 2023

“Hotels are emerging as a preferred property investment sector, as new market entrants are drawn to conditions of easing supply, high room rates and the return of international travel,” said Colliers Head of Hotel Transactions, Karen Wales. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Amadeus Hospitality

NOVEMBER 12, 2024

Investment trends and priorities I’m pleased to see that in our latest report, “ Travel Technology Investment Trends 2024 ,” nearly all hoteliers are planning to increase their technology spend this year, with a significant focus on business intelligence tools.

Business 52

Business Average Daily Rate Hospitality Ancillary Revenue 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. According to Amadeus data, average daily rate (ADR) in the top destination of Jinghong is $320 USD, an 8% increase from the week of Chinese New Year 2023.

Average Daily Rate 64

Average Daily Rate Occupancy Marketing Market 64

Hotelier Magazine

MARCH 25, 2024

. — Canada’s hotel industry reported a third-consecutive month of occupancy declines but continued growth in Average Daily Rate (ADR), according to CoStar’s February 2024 data. February 2024 (percentage change from 2023): Occupancy: 58 per cent (down 1.6 The lowest occupancy among provinces was reported in P.E.I.

Average Daily Rate 59

Average Daily Rate Occupancy Hotels Marketing 59

Fuel Travel

MARCH 28, 2024

Travel is up, but so are guest expectations. It is a key indicator of a hotel’s performance as it measures both occupancy rates as well as average daily room rates. RevPAR = Average Daily Rate (ADR) x Occupancy Rate (%). What factors affect RevPAR?

Revenue 91

Revenue Average Daily Rate Occupancy Digital Marketing 91

Hotel Business

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR.) Optimism for improving corporate travel – Reflecting the potential upward trajectory of business travel, there are promising signs as the negotiated segment inches closer to pre-pandemic levels. markets have recovered 99.1%

Revenue 122

Revenue Average Daily Rate Events Business 122

Amadeus Hospitality

MAY 23, 2023

These expectations are catalysts for change as today, personalization tops the agenda, with consumers seeking customizable offers when it comes to booking travel. Flexible and sustainable journeys and the support of modern digital tools to remove the friction from travel are also high on the traveler wish list.

Travel 59

Travel Average Daily Rate Occupancy Consumer 59

Hotel Management

JANUARY 8, 2024

Lyf – based on the concept of ‘live your freedom’ – targets next-generation travellers including digital nomads, tech start-ups and creatives. Lyf Bugis Singapore “Lyf was first created for the next-generation traveller and has gained strong traction since its debut with Lyf Funan Singapore in 2019.

Average Daily Rate 264

Average Daily Rate Accommodation Scale Branding 264

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Despite higher prices, consumers have demonstrated a determination to travel and a desire for distinctive experiences only hostels can provide.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Travel 52

Hotelogix

OCTOBER 17, 2024

KPIs such as the Net Promoter Score (NPS) and customer satisfaction ratings provide valuable insights into what guests think about their experience. Driving Revenue Growth: Financial KPIs like Revenue Per Available Room (RevPAR) and Average Daily Rate (ADR) are essential for tracking your hotel’s financial health.

Average Daily Rate 52

Average Daily Rate KPI Occupancy Revenue 52

Hotel Management

AUGUST 8, 2024

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. As a result, ADR for the group’s cluster of Maldivian properties is expected to rise 15%-20% this year, compared to 2023.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Hotel Business

AUGUST 11, 2023

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast , released by CWT and the Global Business Travel Association (GBTA).

Events 98

Events Business Travel Forecasting 98

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. And today’s travelers have higher expectations than ever for more sustainable, personalized and flexible journeys. markets has already recovered by 99.1% markets has already recovered by 99.1% It’s been a very good year.

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Cloudbeds

OCTOBER 9, 2024

In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Amadeus Hospitality

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). Optimism for improving corporate travel – Reflecting the potential upward trajectory of business travel, there are promising signs as the negotiated segment inches closer to pre-pandemic levels. markets have recovered 99.1%

Average Daily Rate 59

Average Daily Rate Business Revenue Events 59

Amadeus Hospitality

AUGUST 24, 2023

Originally published to Amadeus Insights By: Peter Waters, EVP Hotel Solutions, Hospitality, Amadeus Amadeus is passionate about travel and we know our partners are too. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy Sales 52

Hotel Business

OCTOBER 20, 2023

Average daily rate +4.1% vs 2019; occupancy +4.1%pts Average daily rate +4.1% vs 2019; occupancy +4.1%pts Group-wide occupancy was 72%, just one percentage point behind 2019 which further confirms the near-complete return to pre‑Covid levels of demand. Occupancy was 72%, up 0.7%

Pipeline 110

Pipeline Average Daily Rate Occupancy Branding 110

SiteMinder

JUNE 2, 2024

With the surge of arrivals of international fans, the average daily rate for stays during the UEFA Euro season has grown by 11% throughout Germany to €214 – compared to €192 in the previous year. Despite the rise in costs, the eagerness of travellers to plan their trips highlights a critical revenue opportunity for hotels.

Average Daily Rate 59

Average Daily Rate Revenue Forecasting Hotels 59

Hotel Speak

AUGUST 13, 2024

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. Online visibility leads to occupancy.

Revenue 87

Revenue Sales OTA Average Daily Rate 87