Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. The occupancy projection for this year was lowered 0.2 The occupancy projection for this year was lowered 0.2 percent and 1.3 percent and 1.3

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel News Resource

NOVEMBER 19, 2024

The final forecast revision for U.S. hotel growth in 2024 shows downgraded projections for average daily rate (ADR), revenue per available room (RevPAR), and occupancy.

Average Daily Rate 92

Average Daily Rate Forecasting Occupancy Tourism 92

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. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Amadeus Hospitality

APRIL 30, 2024

Data shows strong growth, especially in the Caribbean and Central America April 30, 2024 – Demand for travel to destinations across the Americas is on the rise, a new report released today by Amadeus in collaboration with UN Tourism shows. UN Tourism data shows that an estimated 1.3 The full report is now available to download. [1]

Tourism 97

Tourism Occupancy Travel Marketing 97

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 98

Occupancy Forecasting OTA Revenue 98

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

Cloudbeds

DECEMBER 2, 2024

One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. But traditional forecasting models no longer cut it.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

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 Marketing 52

Hotel Management

MAY 1, 2023

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. Given Sydney’s CBD represents the epicentre of tourism and business within Australia, and noting the breadth of ancillary services (retail, hospitality, etc.),

Retail 246

Retail Accommodation Branding Market Share 246

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast presented at the recent 15th annual Hotel Data Conference. per-cent downgrade in occupancy growth. per-cent downgrade in occupancy. The post STR and Tourism Economics Lower Growth Forecast for U.S.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Hotel Business

AUGUST 15, 2024

CBRE is reducing its forecast for U.S. year-over-year growth in the first half, driven by international tourism and election-related events. year-over-year growth in the first half, driven by international tourism and election-related events. CBRE forecasts GDP growth of 2.3% and a 10-basis point increase in occupancy.

Forecasting 59

Forecasting Construction Events Occupancy 59

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 Given that investor interest is unlikely to wane, JLL forecasts in total sales of $4.7

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 Marketing 45

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

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

Amadeus Hospitality

JANUARY 23, 2024

Air capacity is well over 100% of 2023 volumes across all regions, demonstrating increased opportunities for travel January 24, 2024 – A new report released today by Amadeus in collaboration with UN Tourism shows a positive trend for air travel and hospitality in the Americas at the start of 2024.

Tourism 73

Tourism Travel Occupancy Marketing 73

Hotelier Magazine

FEBRUARY 7, 2025

According to the latest forecast by CoStar Group and Tourism Economics, U.S. The forecast also predicts a 1.6-per-cent per-cent growth in the Average Daily Rate, with an occupancy level of 63.1 The forecast suggests that the luxury RevPAR is expected to grow by 2.9 HENDERSONVILLE, Tenn. per cent in 2025.

Forecasting 52

Forecasting Average Daily Rate Hotels Tourism 52

Little Hotelier

SEPTEMBER 4, 2024

Domestic tourism definition Domestic tourism’s definition is much the same as domestic travel, except it takes into account only those who are travelling for leisure. Domestic tourism example An example of domestic tourism might be an American family travelling from another state to visit California and stay at Disneyland.

Tourism 98

Tourism Travel Business Marketing 98

Hotel News Resource

AUGUST 11, 2023

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. For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Hotel Business

JANUARY 25, 2024

JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy.

Consumer 126

Consumer Real Estate Tourism Hotels 126

Hotelogix

APRIL 11, 2025

Did you know that hotel taxes contribute billions of dollars annually to local economies, funding everything from infrastructure projects to tourism promotion? Hotel tax, often referred to as occupancy tax, lodging tax, or tourism tax, is a fee imposed on guests staying at hotels , motels, or other lodging facilities.

Online Marketing 40

Online Marketing 40

Hotelier Magazine

FEBRUARY 27, 2025

January 2025 (percentage change from 2024) Occupancy: 49.8 Among the provinces and territories, British Columbia recorded the highest occupancy level (52.9 Among the major markets, Vancouver saw the highest occupancy (60.7 The lowest occupancy among provinces was reported in Prince Edward Island (28.5 per cent (up 0.3

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 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

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

Hotelier Magazine

NOVEMBER 26, 2024

October’s occupancy rate was 68.5 The rise in occupancy was mainly driven by transient and week-day occupancy, indicating an influx of individual business travellers. Among the provinces and territories, Nova Scotia reported the highest occupancy level at 74.7 Toronto topped the major markets with an occupancy rate of 79.6

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.

Tourism 52

Tourism Business Marketing Market 52

Hotelier Magazine

AUGUST 29, 2023

In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. For July 2023 (percentage change from July 2022) occupancy rose 0.1 Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9 per cent to 75.6 per cent to $232.13.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

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. Financial planning and forecasting The key to financial planning and forecasting? mortgage or loan interest statements.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

Hotelier Magazine

JUNE 29, 2023

In May 2023 (year-over-year percentage change), occupancy came in at 69.2 Among the provinces and territories, Newfoundland recorded the highest May occupancy level (79.9 Among the major markets, Vancouver reported the highest occupancy (83 per cent), which was 8.5 per cent) matched for the lowest occupancy among provinces.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Cloudbeds

NOVEMBER 13, 2024

On Air with Russell of Hotels Hosted by Russell Edmond, On Air discusses hospitality trends and marketing strategies and features interviews with industry professionals from hotels, tourism bureaus, food & travel influencers, and more. Topics range from travel technology to hospitality and tourism developments. Who’s it for?

Hospitality 52

Hospitality Events Hotel Marketing Marketing 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 Marketing Market Accommodation 52

SiteMinder

AUGUST 1, 2024

Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Research the current and projected demand for hotels in your location, taking into account factors such as population growth, tourism trends, and economic activity.

Business 95

Business Revenue Hotels Occupancy 95

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 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Hotels Average Daily Rate 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Hotel occupancy will increase 2.5%

Occupancy 59

Occupancy Hotels Revenue Cancellation 59

Catala Consulting

SEPTEMBER 26, 2024

From managing room availability to forecasting demand and optimizing prices, revenue management is crucial to ensuring that a hotel operates profitably. By adjusting room rates based on these insights, they help hotels maintain high occupancy rates without sacrificing profitability.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

Hotelogix

AUGUST 6, 2024

Utilize data analytics to forecast demand accurately and adjust prices in real-time. Building solid partnerships: Collaborate with local businesses and tourism boards for mutual referrals. Targeted marketing campaigns: Run campaigns during off-peak periods to boost occupancy. Read Also: What is Dynamic Pricing in Hotels?

Revenue 52

Revenue Management Upsell Target Marketing 52