Hospitality Net

JULY 6, 2023

Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred despite the fact that the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 225

Occupancy Revenue Forecasting Hotels 225

Hospitality Net

SEPTEMBER 11, 2024

Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Occupancy 100

Occupancy Real Estate Events Hotels 100

Hospitality Net

APRIL 24, 2024

After four consecutive months of year-over-year declines, Canada’s hotel industry reported a marginal lift in transient occupancy, according to CoStar’s March 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Occupancy 180

Occupancy Real Estate Hotels Market 180

Lodging

JUNE 19, 2023

Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred even though the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 289

Occupancy Revenue Operations Hotels 289

Hospitality Net

SEPTEMBER 21, 2023

Canada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Occupancy 205

Occupancy Real Estate Hotels Market 205

Hospitality Net

APRIL 11, 2024

Dublin’s hotel occupancy was helped by the Six Nations Men’s 2024 championship and St. Patrick’s Day festivities, according to March 2024 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Occupancy 183

Occupancy Real Estate Hotels Market 183

Hospitality Net

JUNE 14, 2023

Helped by the Arab League Summit, Jeddah’s hotel industry posted its highest monthly occupancy since August 2016, according to preliminary May 2023 data from STR.

Occupancy 189

Occupancy Hotels 189

Hotel Management

APRIL 22, 2024

Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% year over year to AU$179.18. yoy to AU$191.25.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

Hospitality Net

FEBRUARY 23, 2024

Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 177

Average Daily Rate Occupancy Real Estate Hotels 177

Skift Blog

FEBRUARY 27, 2024

Skift Take: Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan Read the Complete Story On Skift

Occupancy 307

Occupancy Tourism Hospitality Hotels 307

Lodging

MAY 25, 2023

hotel performance increased from the previous week and showed improved comparisons year over year, according to STR’s latest data through May 20, 2023. Hotel Performance May 14-20, 2023 Percentage change from comparable week in 2022:Occupancy: 67.5 occupancy level was the second highest for any week this year.

Occupancy 147

Occupancy Hotels Market Marketing 147

Hospitality Net

MAY 15, 2023

Dubai’s hotel industry saw its saw highest April 2023 occupancy levels during the Eid-al Fitr holiday period, according to preliminary data from STR.

Occupancy 188

Occupancy Hotels 188

Hotelier Magazine

SEPTEMBER 26, 2024

WASHINGTON — Canada’s hotel industry recorded its highest occupancy level for any month since August 2018, according to CoStar’s August 2024 data. August 2024 (percentage change from 2023) Occupancy: 79.7 per cent) Among the provinces and territories, Nova Scotia recorded the highest occupancy level (89.6 per cent (up 3.1

Occupancy 59

Occupancy Average Daily Rate Hotels Revenue 59

eHotelier

JULY 2, 2024

To grow or maintain occupancy rates hoteliers must be willing to innovate, experiment and adapt. While there’s no simple, universally effective solution for increasing hotel occupancy, these strategies prove effective in the right circumstances.

Occupancy 105

Occupancy Upsell Hotels 105

Hospitality Net

MAY 24, 2024

After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Occupancy 100

Occupancy Real Estate Hotels Market 100

Hospitality Net

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. and Alaska joined the leaderboard.

Occupancy 245

Occupancy Market Marketing Travel 245

Hospitality Net

APRIL 12, 2023

Melbourne’s hotel occupancy was its highest for any month since February 2020, according to preliminary March data from STR.

Occupancy 189

Occupancy Hotels 189

eHotelier

MARCH 21, 2024

Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here's a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.

Occupancy 119

Occupancy Hotels Revenue Management Revenue 119

Hotel Management

MAY 16, 2023

In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. Greater China is leading the region’s recovery growth, with Q1 2023 hotel occupancy outpacing Q1 2019 by 5%. in January 2023 to 76.5% in March 2023.

Occupancy 130

Occupancy Travel Marketing Market 130

Hospitality Net

APRIL 25, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data.

Occupancy 183

Occupancy Hotels 183

Hotel Management

MARCH 30, 2023

Melbourne hotels are reaping the benefits of the Australian Formula 1 Grand Prix which is taking place in the city this weekend. Speaking exclusively to HM, Le Méridien Melbourne General Manager, Peter Minatsis, said it is very pleasing to see the hotel abuzz with activity since opening on March 16. “We It’s exciting for us.

Occupancy 130

Occupancy Events General Manager Hotels 130

Hospitality Net

MARCH 21, 2024

On April 8th, there will be a total solar eclipse that traverses North America. Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway.

Occupancy 264

Occupancy Events Hotels 264

Hotelier Magazine

AUGUST 27, 2024

WASHINGTON — After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. July 2024 (percentage change from 2023) Occupancy: 75.2 Though most segments grew year over year, group occupancy continued to decline, down 8.5

Occupancy 59

Occupancy Forecasting Consumer Hotels 59

Hospitality Net

DECEMBER 12, 2023

Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Occupancy 100

Occupancy Real Estate Revenue Hotels 100

Hotel Management

MARCH 26, 2024

Marriott International has delivered its fifth hotel in Western Australia with the opening of Courtyard by Marriott Perth, Murdoch, marking the brand’s entry into the state. We’re very excited to partner with Hesperia,” Hunt said, acknowledging Hesperia leaders Adrian Fini and Ben Lisle for their efforts to bring the hotel to fruition.

Occupancy 130

Occupancy Hotels Dining General Manager 130

Hotel Business

AUGUST 21, 2023

Boutique hotels continue to report solid occupancies and healthy ADRs, and collectively achieved increases in all performance indicators through June, according to the Boutique Hotels: Mid-Year 2023 report from The Highland Group. At mid-year 2023, boutique hotel occupancy levels indexed ahead of all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

Refine

FEBRUARY 10, 2024

While occupancy is not the only thing influencing the revenue success of a hotel, it's hard to say you're maximizing revenue if your occupancy levels are low. "Heads in beds."

Occupancy 87

Occupancy Revenue Hotels 87

Hotel News Resource

SEPTEMBER 11, 2024

Article - Abu Dhabi Hotel Occupancy Reached August High - Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar.

Occupancy 45

Occupancy Events Hotels 45

Amadeus Hospitality

MARCH 21, 2024

Over the past few months, Amadeus has been tracking the impact of the eclipse on hotel booking patterns across America using forward-looking business intelligence data from Demand360+ ®. Smaller towns like Erie and Burlington are seeing that 89% and 88% (respectively) of their hotel rooms are already booked (see chart below).

Occupancy 90

Occupancy Average Daily Rate Hotels Marketing 90

Skift Blog

OCTOBER 23, 2024

Skift Take: Increased occupancy rates for cities hosting campaign stops in advance of the 2024 U.S. Presidential election did not proportionally translate to higher hotel prices. Onyx CenterSource Read the Complete Story On Skift

Occupancy 261

Occupancy Events Hotels Travel 261

Hospitality Net

MAY 31, 2023

More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables. That percentage represents a high mark since measurements against pre-pandemic times began.

Occupancy 130

Occupancy Revenue Market Marketing 130

Hotelier Magazine

MAY 28, 2024

WASHINGTON — After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7 April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7

Occupancy 52

Occupancy Average Daily Rate Hotels Consumer 52

Hotel News Resource

OCTOBER 23, 2024

September 2024 marked the first month&over&month decline in occupancy for Canadian hotels since January of the same year. Despite the decline, specific segments and locations, such as luxury hotels and Nova Scotia, showed strong performance.

Occupancy 45

Occupancy Hotels 45

Hotel Business

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” In August, RoomRaccoon’s clients in Europe had record-breaking occupancy levels averaging 64% in comparison to 61% in August 2019. Hotels are generating better revenue.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hospitality Net

MAY 1, 2023

Gains continue to be driven by average daily rate (ADR) while occupancy trails pre-pandemic comparables in most corners of the world.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

Lodging

OCTOBER 25, 2024

hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through October 19, 2024. Hotel PerformanceOctober 2024Percentage change from comparable week in 2023:Occupancy: 70.1 percent) Among the Top 25 Markets, Tampa saw the largest occupancy lift (up 23.6 WASHINGTON—The U.S.

Occupancy 162

Occupancy Hotels Market Marketing 162

Hotel Management

OCTOBER 29, 2024

Coldplay fans are flocking to hotels across Melbourne, Sydney and Auckland as its Music of the Spheres Tour kicks off in Australia and New Zealand. Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5%

Occupancy 147

Occupancy Average Length of Stay Accommodation Events 147