Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% This is 61 basis points higher than previously forecast. Despite solid wage growth, declining airfares and improving consumer sentiment, RevPAR growth declined for the third straight month in Feb. decrease in occupancy, which was driven in part by a 1.3%

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Hotel Business

NOVEMBER 16, 2023

CBRE is forecasting RevPAR growth to recover in 2024 as inbound international travel further improves and sector-specific headwinds moderate. The company forecasts 3.0% RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% CBRE’s baseline forecast anticipates 0.8% ADR increase.

Forecasting 110

Forecasting Occupancy Scale Consumer 110

Hotel Business

AUGUST 17, 2023

CBRE is reducing its forecast for hotel performance this year, as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 RevPAR. The company has revised its forecast for 2023 RevPAR to $96.64, up 4.6% from its previous forecast in May. in 2023, down 10 bps from the previous forecast. ADR growth of 2.6%

Forecasting 52

Forecasting Hotels Travel Occupancy 52

Inn Quest

MARCH 23, 2023

Currently, Australia’s hotels and resorts industry is worth $1.3 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 billion and is expected to grow by 13.3%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Xotels

APRIL 3, 2024

Revenue Strategies & Tactics Market Segmentation Hotel Pricing Strategies Forecasting & Budgeting Properly How to Distribute Effectively? The difference between Yield Management and Revenue Management is in the overall strategy, including in-depth analytics and forecasting.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Boutique Hotel News

DECEMBER 20, 2022

With inflation on the rise globally, consumers are likely to be more mindful when it comes to spending their money. This means that during periods of high consumer price growth, hotels have been able to raise room rates and pass on these rising costs to guests. Hotel e-tail. per cent on average above inflation per year.

Travel 124

Travel Hotels Branding Real Estate 124

Xotels

APRIL 3, 2024

Following best practices and a well-thought-out strategy is the only way to unlock the full potential of revenue for your hotel , with benefits including: Claim your fair market share: with more hotels forecasted to open every year , gaining a fair market share will become more difficul t each year.

Revenue Management 76

Revenue Management Revenue Management Ancillary Revenue 76