Hotel Management

JUNE 15, 2023

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

Hospitality Net

AUGUST 26, 2024

The rate of growth in occupancy, average daily rate (“ADR”) and revenue per available room (“RevPAR”), while robust, continued to decelerate. Luxury hotel occupancy benefitted from increased demand, while ADR growth levels for lower priced properties continued to show significant improvements. percent while Q2 increased 6.8

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotel Marketing 246

Hospitality Net

MARCH 24, 2024

STR’s global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Hospitality Net

JULY 23, 2023

Since the COVID-19 pandemic, Philadelphia’s ADR has fully recovered, but occupancy and RevPAR remain below 2019 levels. The primary factor limiting the recovery is the stagnant commercial and group demand segments.

Hotel Marketing 230

Hotel Marketing Marketing Market Occupancy 230

Belza

JULY 13, 2024

Increase Hotel Occupancy with Strategic Renovations: Expert Tips | Hotel Marketing

Occupancy 52

Occupancy Hotel Marketing Hotels Market 52

Hotel Management

JUNE 20, 2023

“We’ve got some other more lifestyle hotels coming to market over the next six to 12 months and we’re going to be adding about 200 rooms into the Sydney [hotels] landscape.” With its recently opened hotels, Public is seeing strong occupancy rates continue.

Business 242

Business Hotel Marketing Market Marketing 242

Hotelier Magazine

MARCH 12, 2024

TORONTO — Avison Young has released its Canada Hotel Market Report: 2023 Review and 2024 Outlook. The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.

Hotel Marketing 64

Hotel Marketing Average Daily Rate Market Marketing 64

Hotel News Resource

MAY 26, 2023

hotel performance produced an incremental gain during the four weeks ending 13 May, a period that falls in between the heavy, summer travel season and earlier year peaks that include solid leisure travel, improved demand from conventions and group bookings, and returning business travel in larger markets.

Occupancy 59

Occupancy Market Marketing Hotel Marketing 59

Belza

MARCH 3, 2024

Boost Hotel Occupancy Rates with Social Media Engagement A, Comprehensive Study - Hotel Marketing

Occupancy 52

Occupancy Hotel Marketing Hotels Market 52

Refine

JANUARY 27, 2024

Hotel Marketing Strategies Hotel marketing strategies encompass various techniques hotels use to promote their services, facilities, and unique selling points to potential customers. These strategies are crucial for increasing visibility, attracting guests, and fostering loyalty.

Marketing Strategy 52

Marketing Strategy Hotel Marketing Market Marketing 52

Hospitality Net

JULY 10, 2023

STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.

Market 188

Market Marketing Hotel Marketing Occupancy 188

Lodging

NOVEMBER 15, 2024

This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […] The post CBRE: U.S. Hotel Performance Expected to Accelerate at Year End appeared first on LODGING Magazine. CBRE now forecasts a.5 percent in August.

Forecasting 288

Forecasting Occupancy Revenue Hotels 288

Hospitality Net

MAY 24, 2024

In line with what was observed in other Italian cities, Venice’s hotel market experienced an unprecedented surge in the post-pandemic era. While overall occupancy rates remain below pre-pandemic levels, the upper upscale and luxury market segments appear to have fully rebounded.

Market 239

Market Marketing Occupancy Tourism 239

Hotel Management

AUGUST 29, 2024

A recent report by STR on Japan’s hotel market shows impressive growth in revenue per available room (RevPAR) over the past 15 months amidst above-average inflation and an influx of international demand following its later reopening post-pandemic. Historically, pricing power in Japan has correlated with high actual occupancy levels.

Tourism 147

Tourism Occupancy Hotels Events 147

Hotel News Resource

FEBRUARY 27, 2024

Article - 74% of Global Hotel Markets Increased RevPAR to Start 2024 - Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year.

Average Daily Rate 40

Average Daily Rate Hotel Marketing Market Marketing 40

Hotel Business

AUGUST 27, 2024

The rate of growth in occupancy, ADR and RevPAR in Manhattan in the second quarter, while robust, continued to decelerate, according to the PwC Manhattan Lodging Index: Q2 2024. Luxury hotel occupancy benefited from increased demand, while ADR growth levels for lower-priced properties continued to show significant improvements.

Occupancy 105

Occupancy Services Market Marketing 105

Cloudbeds

JANUARY 17, 2024

With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotel market trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketing strategies this year.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

Hotel News Resource

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the marketÕs ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 45

Casinos Hotel Marketing Market Marketing 45

Inn Quest

JUNE 13, 2023

When it comes to running a hotel, a well-executed marketing campaign can make all the difference. In this blog post, we will explore the key strategies and tactics for creating a successful hotel marketing campaign that captivates your target audience and delivers tangible results.

Hotel Marketing 56

Hotel Marketing Market Marketing Digital Marketing 56

Lodging

FEBRUARY 22, 2024

January 2024 Percentage change from January 2023: Occupancy: 51.9 percent) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0 Markets with the lowest occupancy for the month included Minneapolis (40.7 percent (down 1.7 percent)ADR: $146.33 (up 2.7 percent)RevPAR: $75.99 (up 0.9

Occupancy 182

Occupancy Hotels Market Marketing 182

Hotel News Resource

JUNE 28, 2024

Today we will be learning some of the incredible benefits Flip.to's guest advocacy and discovery platforms as well as how creating a truly personalized booking journey will send your occupancy and revenue through the roof!

Revenue 66

Revenue Occupancy Hotel Marketing Marketing 66

Hotel News Resource

AUGUST 8, 2024

Average daily rate (ADR) in markets such as Dortmund skyrocketed during the tournament. The BVB Stadion Dortmund hosted six matches, including the England vs. Netherlands semifinal, which generated large spikes in revenue and occupancy.

Average Daily Rate 40

Average Daily Rate Market Marketing Hotel Marketing 40

Hotel News Resource

JULY 21, 2023

Since the COVID-19 pandemic, Philadelphia's ADR has fully recovered, but occupancy and RevPAR remain below 2019 levels. The primary factor limiting the recovery is the stagnant commercial and group demand segments.

Marketing 97

Marketing Market Hotel Marketing Occupancy 97

Travelboom Marketing

NOVEMBER 7, 2023

As we enter the fourth quarter of the year, hotel marketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotel marketing budget. From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.

Hotel Marketing 96

Hotel Marketing Market Marketing OTA 96

Inn Quest

JULY 10, 2023

Wondering how to map out the perfect hotel market segmentation strategy that keeps your hospitality business ahead of the curve? As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users.

Hotel Marketing 52

Hotel Marketing Market Marketing Target Marketing 52

Hotel News Resource

MARCH 8, 2024

Since 2020, WichitaÕs hotel market has experienced a rebound in occupancy and average rate, supported by strong levels of leisure and commercial travel.

Hotel Marketing 40

Hotel Marketing Market Marketing Construction 40

STAAH

NOVEMBER 22, 2022

Hotel Marketing is only effective if the execution is done right. The core of a good hotel marketing strategy is to promote the right product in the right place , at the right price , and at the right time to the right audience. The marketing mix was originally a concept given by Neil H.

Hotel Marketing 77

Hotel Marketing Market Marketing Hotels 77

Hotel Business

NOVEMBER 15, 2024

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. In Q3 2024, hotel demand declined 0.1% decline in occupancy. hotel market, leading to reaccelerated RevPAR growth heading into 2025.”

Average Daily Rate 103

Average Daily Rate Forecasting Occupancy Hotels 103

Hotel News Resource

MARCH 22, 2024

STR's global update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 45

Average Daily Rate Market Marketing Hotel Marketing 45

Hotel Management

OCTOBER 17, 2024

Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”. billion. “The

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

eZee Absolute

JANUARY 19, 2023

Control and flexibility in decision-making When we talk about the benefits of handling hotel marketing in-house, control and flexibility hold the first spot on the list. Furthermore, by having an in-house hotel marketing team, hotels have the flexibility to make last-minute adjustments or pivot their strategies if necessary.

Hotel Marketing 81

Hotel Marketing Market Marketing Hotels 81

Lodging

MARCH 30, 2023

Forward STAR, now live in 450 areas around the globe, allows hotel property and portfolio users to measure the next 365 days of occupancy on the books against the competition and market.

Market 162

Market Marketing Occupancy Hotel Marketing 162

Webrezpro

AUGUST 28, 2023

In fact, it eats into your profits and undermines your hotel’s credibility. Filling rooms during slower travel times is important to ensure your business’s long-term success and relevancy. Contrary to instinct, drastically reducing room rates won’t guarantee midweek bookings.

Occupancy 71

Occupancy Travel Hotels Revenue Management 71

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

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

Lodging

MARCH 22, 2024

Hotel Performance March 10-16, 2024 Percentage change from comparable week in 2023:Occupancy: 66.5 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (up 12.7 percent (down 1.4 percent)ADR: $163.21 (down 2.1 percent)RevPAR: $108.51 (down 3.5 percent to 73.0

Occupancy 147

Occupancy Hotels Market Marketing 147

Lodging

JANUARY 5, 2024

hotel performance increased from the previous week, while year-over-year comparisons were skewed downward due to a calendar shift, according to CoStar’s latest data through Dec. Hotel Performance December 24-30, 2023 Percentage change from comparable week in 2022:Occupancy: 50.1 WASHINGTON—U.S. percent (down 7.1

Occupancy 290

Occupancy Hotels Hotel Marketing Marketing 290