Lodging

NOVEMBER 19, 2024

hotel forecast revision of 2024. Occupancy for the year was lowered 0.1 percent, after the previous forecast projected the metric to remain steady from 2023. Occupancy for the year was lowered 0.1 percent, after the previous forecast projected the metric to remain steady from 2023. percentage points to +1.5

Forecasting 262

Forecasting Average Daily Rate Occupancy Tourism 262

Lodging

NOVEMBER 15, 2024

hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. CBRE now forecasts a.5 CBRE now forecasts a.5 This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […] The post CBRE: U.S.

Forecasting 290

Forecasting Occupancy Revenue Hotels 290

Lodging

NOVEMBER 20, 2023

hotel forecast revision of 2023. Occupancy was downgraded slightly (by 0.2 Occupancy was downgraded slightly (by 0.2 Hotel Forecast Revision of 2023 appeared first on LODGING Magazine. For 2023, growth in RevPAR was raised by 0.3 percentage points, due to a 0.6 percentage point lift in ADR growth.

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

Hotel Management

JANUARY 14, 2025

The 2025 Australian Open is in full swing and hotels across Melbourne are enjoying a flurry of activity as visitors descend on the city. This years event is expected to draw record fan numbers an bring an increase of up to 10% in Melbourne city hotel room bookings, across main tournament days, according to Accommodation Australia.

Business 130

Business Occupancy Forecasting Accommodation 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 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

Hotel Management

FEBRUARY 13, 2024

Hotels across Melbourne and Sydney are feeling the star power of global music icon Taylor Swift as fans flock from all over to attend the sold-out Eras Tour concerts, taking place over the next two weekends. What we’re seeing with Taylor Swift tour is a phenomenon and particularly noteworthy,” Jones told HM. “In

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotel Management

NOVEMBER 9, 2023

Hotel asset management firm Axsia HTL is predicting a drop off in hotel management agreements (HMAs) in 2024 and beyond as more owners opt in favour of franchise agreements, which are predominate in the US market. The post HMas are out, franchise agreements are in, Axsia HTL reports appeared first on Hotel Management.

Forecasting 264

Forecasting Consumer Management Branding 264