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 Business

FEBRUARY 10, 2023

Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for Feb. The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (ADR) of $445. The overall Phoenix market comprises 544 hotels accounting for 70,488 rooms.

Forecasting 105

Forecasting Average Daily Rate Occupancy Consumer 105

Hotel Business

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 0.5% 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.

Average Daily Rate 103

Average Daily Rate Forecasting Occupancy Hotels 103

Little Hotelier

MARCH 25, 2024

What is hotel forecasting? Hotel forecasting, also known as hotel demand forecasting, is a strategy that sees a hotel analyse historical data and trends to make predictions about future demand. Once your hotel has an idea of demand, you can make tweaks to your room and service prices that help maximise revenue and occupancy.

Forecasting 52

Forecasting Cancellation Average Length of Stay Revenue 52

SiteMinder

OCTOBER 10, 2023

What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.

Forecasting 52

Forecasting Revenue Average Daily Rate Occupancy 52

eHotelier

MAY 6, 2024

Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 52

Occupancy Tourism Forecasting Market 52

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Striking the right equilibrium requires a keen understanding of market dynamics, customer behavior, and strategic pricing. Use predictive analytics to forecast future demand.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 83

Occupancy Forecasting OTA Revenue 83

Hotel Management

OCTOBER 17, 2024

“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 In the first nine months of 2024, Japan further established itself as the most attractive hotel market regionally.

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

Hotel News Resource

MAY 2, 2024

Surging inbound tourism will help boost Australia's hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 45

Occupancy Tourism Forecasting Market 45

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. While the top markets have changed year-over-year, there are currently nine markets at more than 50% occupancy—the same amount in 2019 for the same stay week.

Occupancy 59

Occupancy Forecasting Marketing Market 59

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. decrease in occupancy, which was driven in part by a 1.3% Food for thought Short-term rentals continued to take market share in February. RevPAR, occupancy down in Feb. drop in demand. drop in demand.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Hotel Business

SEPTEMBER 3, 2024

to $158.65, while occupancy will decline 0.3% to $163.55, while occupancy will decline 0.6% The forecasts come from LARC’s 3Q-2024 Hotel Industry Outlook and Market Intelligence Reports. LARC forecasts 2024 U.S. LARC forecasts 2024 U.S. For 2025, LARC forecasts U.S. hotel RevPAR to increase by 1.4%

Forecasting 59

Forecasting Occupancy Marketing Market 59

SiteMinder

JUNE 8, 2022

As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?

Forecasting 52

Forecasting Revenue Average Daily Rate Average Length of Stay 52

Hotel Business

DECEMBER 4, 2023

this year to $155.88, or 19% above 2019 levels, while occupancy will increase by 1.0% increase in occupancy. LARC forecasts 2023 U.S. Market outlooks Listed below are the best and worst-performing markets based on LARC’s forecasts. It anticipates ADR to rise by 4.4% increase in ADR and a 0.8%

Forecasting 110

Forecasting Occupancy Marketing Market 110

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

Hotel Speak

SEPTEMBER 26, 2024

In September 2024, I gathered over 20 hoteliers and inudstry experts to explore five pertinent issues 1) 2024 Performance, 2) Revenue Generation, 3) Staffing and Leadership, 4) Marketing and Demand and 5) Technology and Vendors. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push.

Marketing 88

Marketing Market Hotels Forecasting 88

Hospitality Net

OCTOBER 2, 2023

Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.

Revenue Management 186

Revenue Management Revenue Management Forecasting 186

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

STAAH

MAY 21, 2024

50% Occupancy with One Group Booking Scenario: A 50-room hotel has sold 25 rooms to one group, reaching 50% occupancy. Consideration: Evaluate market demand, competition pricing, and historical booking trends. However, the price hike should still reflect competitive rates and market demand to avoid turning potential guests away.

Occupancy 96

Occupancy Retail Yield Management Forecasting 96

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. It’s an ecosystem,” he said.

Forecasting 264

Forecasting Consumer Branding Management 264

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors. Trading should recover further, whilst real estate headwinds may ease.

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.

Occupancy 130

Occupancy Events Hotels Tourism 130

Amadeus Hospitality

DECEMBER 19, 2022

US hotel occupancy for Christmas and New Year’s mirrors 2019 (pre-pandemic) trends, with warm destinations proving popular Amadeus, a global leader in travel technology, with its unique ability to track forward-looking occupancy in major markets around the world, is seeing a positive trend in U.S.

Occupancy 52

Occupancy Forecasting Travel Market 52

STAAH

JULY 8, 2024

The hospitality industry faces seasonal challenges and fluctuating market conditions, including reduced consumer spending and increased competition. Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. A seamless booking experience can significantly reduce abandonment rates.

Digital Marketing 52

Digital Marketing Accommodation Marketing Market 52

Cloudbeds

NOVEMBER 15, 2024

For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.

Upsell 92

Upsell Occupancy Revenue Management Revenue 92

SiteMinder

JUNE 12, 2024

By understanding and anticipating guest behaviour and market dynamics, hotels can optimise their pricing strategies to boost their bottom line. It’s a testament to how industries adapt, grow, and refine their strategies in response to changing market dynamics and customer expectations.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Management

MAY 1, 2023

Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22.

Retail 246

Retail Accommodation Branding Market Share 246

Hotelier Magazine

NOVEMBER 28, 2023

In comparison to October 2022, occupancy came in at 68.1 Among the provinces and territories, Nova Scotia recorded the highest October occupancy level (75 per cent), which was 6.3 Among the major markets, Vancouver saw the highest occupancy (77.7 Among the major markets, Vancouver saw the highest occupancy (77.7

Occupancy 52

Occupancy Forecasting Hotels Services 52

Hotel News Resource

DECEMBER 19, 2023

The Anticipated Gradual Decline in Inflation and Stable Economic Forecast for 2024 Are Set to Positively Influence STR Market Dynamics. Occupancy Rates, After Declining from Their 2021 Peak, Should Stabilize Around 54.7%, in Line with 2023 Levels. Average Rates Are Expected to Rise by 2.1%, Which Will Drive a 1.9%

Forecasting 45

Forecasting Occupancy Marketing Market 45

STAAH

APRIL 16, 2024

Look for a solution that utilizes sophisticated algorithms to analyze market demand, competitor pricing, booking patterns , and other relevant factors in real-time. This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions.

Revenue Management 83

Revenue Management Revenue Management Forecasting 83

Hotel Business

FEBRUARY 28, 2023

As forecasted , Phoenix’s hotel industry ranked second all-time among Super Bowl host markets in ADR and RevPAR during the weekend of the big game, according to STR. While the market’s rankings were as forecasted, the values that produced that status were different than projected.

Occupancy 52

Occupancy Forecasting Marketing Market 52

SiteMinder

JUNE 26, 2024

Included in this will be key metrics, forecasting models, and trending insights. By prioritizing revenue optimization, your hotel will be in a stronger position to take advantage of data, trends, and market insights. This allows hotels to forecast future demand and adjust their pricing strategies accordingly.

Revenue 72

Revenue Revenue Management Upsell Global Distribution System 72

Catala Consulting

OCTOBER 7, 2024

Teams would spend hours calculating room rates, tracking competitors, and forecasting demand. However, these traditional methods often fell short of adapting quickly to real-time market fluctuations. This strategy helps maximise revenue without sacrificing occupancy.

Revenue Management 52

Revenue Management Revenue Management Occupancy 52

Hospitality Tech

JULY 19, 2023

It forecasts a 60% compound annual growth rate (CAGR) for the next five years and boasts an average occupancy rate of 90%, compared to the market average of 80%.

Forecasting 40

Forecasting Occupancy Management Market 40