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. percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 percent and 1.3 percent and 1.3

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

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

Hotel Business

AUGUST 15, 2024

CBRE is reducing its forecast for U.S. increase in revenue per available room (RevPAR) growth for 2024, down from the 2% estimated in May 2024. year-over-year growth in the first half, driven by international tourism and election-related events. CBRE forecasts GDP growth of 2.3% The company now projects a 1.2%

Forecasting 59

Forecasting Construction Events Occupancy 59

Hotel Management

MAY 2, 2023

APAC Revenue Management Summit 2023 – “Unstoppable” May 23 and 24 Are you looking to take your revenue management skills to new heights? Look no further than the APAC Revenue Management Summit , the must-attend conference for hospitality and tourism operators.

Revenue 130

Revenue Revenue Management General Manager Forecasting 130

eHotelier

NOVEMBER 20, 2023

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.

Forecasting 52

Forecasting Average Daily Rate Tourism Revenue 52

Hotel News Resource

AUGUST 8, 2024

percentage points, while revenue per available room (RevPAR) was held steady at +2.0% For 2024, projected gains in average daily rate (ADR) were downgraded 0.1 year over year.

Average Daily Rate 81

Average Daily Rate Forecasting Tourism Revenue 81

Hotel Management

FEBRUARY 13, 2024

Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Catala Consulting

SEPTEMBER 26, 2024

The Revenue Management Playbook Online Course is now LIVE! The hospitality industry is evolving faster than ever, and with this evolution comes a heightened need for revenue management expertise. In an industry where supply and demand can change rapidly, effective revenue management is essential for a hotel’s financial success.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

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

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

For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 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. 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

Hotelogix

AUGUST 6, 2024

Moving from merely managing hotel revenue to maximizing profit is a critical transformation that ensures your property's long-term success. Here's a detailed guide on transforming your hotel's revenue management to focus on profit maximization. Train your staff to identify and capitalize on upselling opportunities.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Management

FEBRUARY 20, 2024

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. 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 Market 245

Demand Calendar

JULY 17, 2024

The travel and tourism industry will experience significant growth in the future, contributing to around 9 percent of global GDP. These forecasts suggest a growing market with plenty of guests to fill hotel rooms. This blog post delves into three fundamental pillars of a successful hotel operation.

Forecasting 75

Forecasting Consumer Tourism Hotels 75

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

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. Overall, the Maldives accounted for 27% of S Hotels and Resorts’ worldwide revenue in 2023 – its second-largest market after the UK.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Little Hotelier

OCTOBER 17, 2024

Income statement Also known as the profit and loss statement, this report summarises a hotel’s revenues and expenses, then determines the profits or losses over a specific period. Financial planning and forecasting The key to financial planning and forecasting? mortgage or loan interest statements.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Occupancy 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. Hotels are integrating into various aspects of consumerism by selling retail products online, creating new revenue streams and fostering customer loyalty.

Consumer 126

Consumer Real Estate Tourism Hotels 126

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. Hotels are generating better revenue. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

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%

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

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. For 2023, growth in Revenue Per Available Room (RevPAR) was lowered by 0.5 The post STR and Tourism Economics Lower Growth Forecast for U.S.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

SiteMinder

MAY 8, 2024

This is according to data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. As more and more travellers are scheduling and booking their stays around major events well in advance, hotels must stay ahead of demand-driving tourism trends.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

SiteMinder

MAY 6, 2024

This is according to new data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels. As travellers book further in advance, hoteliers are in a better position to forecast periods of heightened demand and dynamically optimise their revenue management.

Revenue 59

Revenue Accommodation Hotels Forecasting 59

STAAH

AUGUST 22, 2023

Not only does low occupancy result in lower revenue, but it also affects cash flow – sucking out much-needed liquidity for a hotel to pay for ongoing fixed costs. Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it.

Occupancy 82

Occupancy Forecasting OTA Revenue 82

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. in the next 12 months. million people.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Statista ) Hotel room nights demand and room revenues in 2022 are expected to nearly return to 2019 levels. Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. Revenue Management. Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Hotel Business

OCTOBER 27, 2023

For full-year 2023, the group is confirming its forecast of net unit growth in the network between 2% and 3%. Consolidated revenue The group reported third-quarter 2023 revenue of 1.286 billion euros ($1.359 billion), up 13% like-for-like (LFL) versus Q3 2022. Hotel Assets & Other revenue was up 10% LFL relative to Q3 2022.

Revenue 72

Revenue Occupancy Services Management 72

SiteMinder

SEPTEMBER 18, 2024

Operating hotels in one of the most saturated tourism markets in the Southeast means that we must always continue evolving and investing in our growth both as a brand and with our offerings to guests,” she explained. “As It also allows the group to optimize their channel mix for maximum bookings and revenue.

Scale 52

Scale Resorts Management Business 52

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Family travel makes up 30% of global outbound tourism trips. The US tourism sector is worth almost $8 billion.

Travel 52

Travel Accommodation Tourism Hotels 52

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

SiteMinder

AUGUST 1, 2024

SiteMinder’s platform empowers you to execute your hotel business plan seamlessly and drive revenue growth. Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Revenue and pricing Now we’re onto the good bit!

Business 52

Business Revenue Hotels Occupancy 52

Social Tables

JANUARY 14, 2022

Exchanges focus around meeting face-to-face with a wide array of vendors, buyers, and mountain tourism suppliers from around the world. The theme of the 52nd Annual Travel and Tourism Research Association International Conference is “Regenerative Tourism: Building Resilience.” Exchanges will be held at the Dobson Ice Arena.

Hospitality 158

Hospitality Events Tourism Business 158

Hotelier Magazine

SEPTEMBER 20, 2024

Asia Pacific (APAC) OCC (occupancy) growth is underpinned by a weaker 2023 and bigger return to travel in 2024, while Middle East OCC growth comes courtesy of the region’s continued expansion into international tourism, with Saudi Arabia a key driver as it continues to implement its Vision 2030 plan. million people.

Tourism 52

Tourism Pipeline Hotels Market 52

Cloudbeds

NOVEMBER 13, 2024

Past guests include Sarah Fults, VP of Distribution at MGM Resorts, James Lemon, Global Lead of Travel, Transport, and Leisure at Stripe, Jason Pinto, Co-Founder and COO at Pace Revenue, and more. The Hotel Marketing Podcast is for hotel marketers, revenue managers, and hospitality professionals looking to enhance their marketing efforts.

Hospitality 52

Hospitality Events Hotel Marketing Market 52

Hotel Business

DECEMBER 23, 2022

The world’s population has spent billions on hotels, cruises, vacation rentals and package holidays every year, and worldwide travel and tourism revenues are forecasted to reach $716.8 Find a vendor that has stock available to make changes now. billion this year, according to Statistica.

Travel 59

Travel Cancellation Revenue Forecasting 59

Little Hotelier

FEBRUARY 28, 2024

RevenueGoal As the name implies, RevenueGoal offers hotel website builds that place revenue growth front of mind. An Italian web developer and hotel consultancy, their process begins with a Revenue Check analysis, after which they identify the commercial and sales growth objectives that will form the basis of your website build.

Hotels 52

Hotels Accommodation Revenue Business 52

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Market Marketing 98