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

Hotel News Resource

NOVEMBER 20, 2023

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. hotel forecast revision of 2023.

Average Daily Rate 111

Average Daily Rate Forecasting Tourism Revenue 111

Lodging

JANUARY 23, 2024

HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S. For 2024, growth in average daily rate (ADR) was raised by 0.1 hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS).

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

Hospitality Net

MAY 29, 2024

Produced jointly by STR and Cushman & Wakefield, the Hotel Sector Barometer confirms the upsurge in tourism and hotel activity in Spain, with outstanding results across all indicators showing growth over the figures for the first quarter of 2023. Spain’s hotels achieved occupancy of 68.5% between January and March (+4.9%

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Tourism 246

Hotel Management

JUNE 11, 2024

Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel News Resource

AUGUST 8, 2024

For 2024, projected gains in average daily rate (ADR) were downgraded 0.1 percentage points, while revenue per available room (RevPAR) was held steady at +2.0% year over year.

Average Daily Rate 81

Average Daily Rate Forecasting Tourism Revenue 81

Hotel Management

NOVEMBER 19, 2024

Properties equipped with aquatic attractions like water slides and play areas consistently outperform their counterparts in revenue metrics such as Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR). higher than regional averages.

Average Daily Rate 130

Average Daily Rate Revenue Hotels Resorts 130

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. percent and 1.3 percent and 1.3

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel Management

AUGUST 15, 2024

AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market. Bolstered by its reputation as a top-ranked global tourism destination , Japan is poised for significant growth and investment in the hospitality sector.

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

Hotel Management

JULY 3, 2024

A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

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).

Average Daily Rate 45

Average Daily Rate Tourism Occupancy Hotel Marketing 45

eHotelier

NOVEMBER 20, 2023

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. hotel forecast revision of 2023.

Forecasting 52

Forecasting Average Daily Rate Tourism Revenue 52

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

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.

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Hotel News Resource

AUGUST 11, 2023

Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024. For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Hotel Management

APRIL 22, 2024

The AFL Gather Round returned to Adelaide for a second year, from April 4-7, and while year over year occupancy dripped slightly by 1.2%, average daily rate (ADR) jumped 15% to AU$372.77. The increased room rate translated to a 145% lift to the long-term Thursday-Sunday April average.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

Hotel News Resource

APRIL 17, 2023

Madrid, on the other hand, has been running 20-30% ahead of pre-pandemic levels in terms of average daily rate (ADR) and has been consistent in holding rates regardless of market events. Barcelona's occupancy recovery has generally outpaced Madrid's, but not by much.

Average Daily Rate 52

Average Daily Rate Occupancy Tourism Events 52

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

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

Hotel Management

FEBRUARY 20, 2024

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Trading should recover further, whilst real estate headwinds may ease.

Real Estate 245

Real Estate Average Daily Rate Occupancy Market 245

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

SiteMinder

SEPTEMBER 4, 2024

SiteMinder’s data also reveals that, during the festival from 21 September to 6 October 2024, room rates for hotels and other accommodation properties in Munich have reached an average of €416 – 59% higher than the city’s average daily rate of €261 this autumn and, notably, 138% above the city’s average of €175 for the year-to-date.

Average Daily Rate 59

Average Daily Rate Accommodation Revenue Hotels 59

Hotel Management

AUGUST 8, 2024

First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. 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.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

SiteMinder

MAY 8, 2024

Bangkok, Thailand – It was a lucrative Songkran festival for Thai hotels as the average cost of a hotel room surged by 33% during the festival period in April. Between April 11-18, the average daily rate in Thailand increased to THB 5,421 (US$148), from THB 4,087 (US$120) in the corresponding period last year.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

Hotel Management

SEPTEMBER 9, 2024

The country’s travel recovery has been remarkable, with inbound tourism experiencing a significant upswing. The market’s potential is undeniable, with a surge in Average Daily Rates (ADR) reflecting its attractiveness to hotel owners and operators.

Events 130

Events Average Daily Rate Tourism Market 130

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 billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

Amadeus Hospitality

DECEMBER 5, 2023

We now have clarity of market conditions and how we can grow our position in the travel ecosystem,” says Martina Gelardi, Strategic and Sustainable Tourism Planning, EMPROTUR Bariloche. Although winter is its strongest tourism season, Bariloche was interested in developing a sustainable strategic plan to grow demand throughout the year.

Tourism 52

Tourism Business Average Daily Rate Travel 52

Hotel Business

FEBRUARY 22, 2023

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to $177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by Dec. Overall, travelers booked with more commitment to travel than the year prior.

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Little Hotelier

OCTOBER 17, 2024

Sales and revenue-related tax documents: VAT/GST/sales tax returns , documents on hotel/room occupancy taxes , tourism levies, merchant transaction reports for card payments. These practices can increase your occupancy rate, by ensuring maximum visibility across more booking channels. mortgage or loan interest statements.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Occupancy 52

SiteMinder

FEBRUARY 13, 2023

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31. Overall, travellers booked with more commitment to travel than the year prior.

Average Length of Stay 52

Average Length of Stay Travel Average Daily Rate Cancellation 52

Hotelier Magazine

NOVEMBER 26, 2024

WASHINGTON — Canadian hotels witnessed a significant landmark in October 2024, as the Average Daily Rate (ADR) surpassed $200 for the first time ever, according to data from CoStar. October’s occupancy rate was 68.5 Meanwhile, the lowest occupancy rate was recorded in Prince Edward Island at 58.2 The ADR rose by 2.4

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. Average Daily Rate (ADR) was upgraded 0.1 PARSIPPANY, N.J. —

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Skift Blog

APRIL 3, 2024

Skift Take: International expansion is a crucial part of IndiGo's 2030 vision. It is placing strong emphasis on codeshare agreements to achieve this goal. Bulbul Dhawan Read the Complete Story On Skift

Average Daily Rate 146

Average Daily Rate Branding Tourism Travel 146

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Cloudbeds

JANUARY 17, 2024

Capitalize on experiential tourism The shift in traveler preferences from destination-focused to experience-focused tourism represents a significant marketing opportunity for lodging businesses. Make sure you collect and respond to reviews, and double-check that all the information in your profile is correct.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98