Hotelier Magazine

SEPTEMBER 20, 2024

Occupancy growth has reverted back to ‘normal’ growth levels, and the Middle East and Asia (excluding China) reported strong YOY growth YTD. Branded hotel development is another key global theme, with luxury and upper-upscale rooms expecting the strongest growth and midscale and economy pipelines relatively light.

Tourism 52

Tourism Pipeline Hotels Market 52

Hotel Business

MAY 4, 2023

“We raised our full-year RevPAR outlook while maintaining our record level pipeline and industry-leading net rooms growth. Pipeline of executed management or franchise contracts was approximately 117,000 rooms. Hoplamazian, president/CEO, Hyatt. Net rooms growth was approximately 7% in the first quarter of 2023. billion with $1.05

Real Estate 59

Real Estate Pipeline Management Travel 59

Hotel Business

OCTOBER 27, 2023

The underlying dynamics observed in previous quarters remained constant, with ADR still high and a marked improvement in the occupancy rate, which slightly lags the level of 2019. At the end of September 2023, the group had a hotel portfolio of 812,425 rooms (5,537 hotels) and a pipeline of around 219,000 rooms (1,273 hotels).

Revenue 72

Revenue Occupancy Services Management 72

Hotelier Magazine

JANUARY 25, 2024

In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 For 2024, occupancy is forecasted to contract 1.4 This dynamic between supply and demand is expected to continue into 2024, but softer RevPAR growth is certain, forecasted to grow 2.2 per cent (up 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

Hotelier Magazine

SEPTEMBER 18, 2024

But on the flip side, the lower levels of supply have allowed the country to rebound to record occupancy levels and drive strong rate growth. With supply and demand generally balanced occupancy is expected to remain at a peak of 66 per cent. Its against this backdrop that CBRE has prepared its 2024 Market Forecast.

Occupancy 52

Occupancy Market Marketing Accommodation 52

Hotel Business

MAY 1, 2024

“Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Group RevPAR in the region rose nearly 5% YOY, with growth in both rate and occupancy.” The quarter-end pipeline included 1,089 properties with more than 202,000 rooms under construction. “In the U.S. & in the year-ago quarter.

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Boutique Hotel News

DECEMBER 20, 2022

According to Matterport , JLL was able to transact 85 per cent faster using digital twin technology, and hospitality properties with a digital twin can increase occupancy by 14 per cent. Looking ahead, supply levels are forecast to exceed 1,100 schemes by 2027, nearly doubling the current volume at around 640 projects worldwide.

Travel 124

Travel Hotels Branding Consumer 124

Hotel Business

MAY 2, 2023

First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Our industry-leading pipeline grew to approximately 502,000 rooms, up 2.6% Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter.

Pipeline 105

Pipeline Forecasting Market Marketing 105

Social Tables

DECEMBER 27, 2018

Meanwhile, late in 2018, CBRE forecasted that hotel supply would peak at 2% gain, stabilizing to 1.9 With the development pipeline slowing and event demand growing, it promises a rise in group hotel rates. Last year, the Global Meetings Forecast predicted a 3.8% percent over the next two years.

Events 167

Events Business Scale Consumer 167

Hotel Business

FEBRUARY 14, 2023

With the exception of Greater China, RevPAR in all regions more than fully recovered and continued to show meaningful advances in occupancy and ADR. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. & worldwide, 23.6% in the U.S. & worldwide, 5.2%

Pipeline 98

Pipeline Forecasting Market Revenue 98

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. In comparison to 2022, occupancy was 65.7

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline Hotels 52

Hotelier Magazine

DECEMBER 14, 2023

After reaching a RevPAR peak in 2022, the market RevPAR is on pace to grow another 15 per cent in 2023, driven by strong growth in both occupancy and ADR. billion for the year, which is slightly below 2022, and the forecasted $2 billion in trades. In Canada, the year 2023 set new benchmarks for the hotel industry.

Forecasting 52

Forecasting Cancellation Hotels Closing 52

Hotelier Magazine

MARCH 11, 2024

This represents the recovery of the tourism sector from the pandemic, one year earlier than forecast. We’re seeing the leads pipeline improving but actual bookings won’t recover until 2028. Occupancy rates have returned to pre-pandemic levels with ships largely at 95 per cent occupancy. billion by the end of 2023.

Tourism 52

Tourism Business Market Marketing 52