Hospitality Net

AUGUST 20, 2024

With growing appetite among investors and liquidity in the debt markets, we expect to see a gradual yield sharpening for prime assets as we progress into 2025. Market Performance Despite ongoing supply growth, the occupancy and ADR in Irish hotels remained healthy in H1 2024, with only minor softenin.

Marketing 246

Marketing Market Occupancy Sales 246

Hospitality Net

FEBRUARY 1, 2024

The Boston/Cambridge lodging market ended 2023 at 76.4% occupancy, a 6.8% This 6-point increase in occupancy is a result of the market accommodating 8.6% Seasonality appears to be in sync with what we typically expect for the Boston market. variance over 2022’s 69.6%. more rooms occupied as compared to 2019.

Marketing 244

Marketing Market Occupancy Accommodation 244

Lodging

DECEMBER 7, 2023

Amadeus is seeing a peak in demand over the Christmas and New Year period across major markets around the world. Amadeus’ Demand360+ data as of November 27, 2023, showed that global hotel occupancy for the weeks of Christmas and New Year’s is at 23 percent.

Occupancy 299

Occupancy Hotels Travel Marketing 299

Hotel Management

NOVEMBER 12, 2024

STR’s latest data market report shows September 2024 occupancy was stable despite slowing growth, standing at 72.7% Year-to-date occupancy across the country was at 70.4% Hotel occupancy is a key economic indicator,” said Goodwin. up just 0.6% on September 2023 (72.1%). compared to 68.7% in the first nine months of 2023.

Occupancy 130

Occupancy Accommodation Consumer Hotels 130

Hospitality Net

FEBRUARY 26, 2024

STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023. 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 238

Average Daily Rate Marketing Market Occupancy 238

Hospitality Net

AUGUST 18, 2023

Since 2020, the Louisville hotel market has seen an increase in leisure travel associated with bourbon tourism, its nearby universities, and the Kentucky Derby. It is because of these large demand generators that the market has been able to recover most of its occupancy-based COVID-19 losses.

Hotel Marketing 246

Hotel Marketing Marketing Market Occupancy 246

Hospitality Net

MARCH 6, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Marketing 185

Marketing Market Occupancy Consumer 185

Hospitality Net

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 market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 241

Casinos Hotel Marketing Marketing Market 241

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 202

Average Daily Rate Marketing Market Occupancy 202

Hospitality Net

APRIL 20, 2023

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Occupancy reached 79%, 25% above the 2021 season but still 9% below 2019.

Marketing 228

Marketing Market Occupancy Hospitality 228

Hospitality Net

JUNE 13, 2024

Picture this: Marketing campaigns are in full swing, beautifully crafted, and meticulously executed to entice guests. That is until occupancy rates falter or revenues don’t meet expectations, then the fingers begin to point. Meanwhile, the revenue management team is diligently fine-tuning pricing strategies to optimize profits.

Revenue Management 189

Revenue Management Revenue Marketing Market 189

Hotel Management

OCTOBER 1, 2024

Following an initially strong recovery in demand following international border openings in mid-2022, demand growth slowed in most New Zealand hotel markets from early 2024. This will provide a boost to the market, particularly outside the peak periods when it is desperately needed.

Hotel Marketing 130

Hotel Marketing Marketing Market Events 130

Skift Blog

JUNE 5, 2024

AirDNA showed how coastal, lake, mountain, small-town, and rural vacation rental markets are faring well compared to 2019.

Marketing 261

Marketing Market Occupancy Construction 261

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 Marketing Market Hotel Marketing 130

Hospitality Net

JULY 11, 2024

A midyear snapshot of performance in the top 65 markets in the US indicates that on a trailing 12-month basis through May, RevPAR is up slightly year over year (due to slight increases in both occupancy and ADR) and this is largely driven by increases in the top three chain scales: luxury, upscale and upper upscale.

Marketing 100

Marketing Market Construction Hospitality 100

Hotel Management

JUNE 18, 2024

Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Register now for AHICE Fiji Islands Investment in Tourism Summit.

Tourism 264

Tourism Average Daily Rate Marketing Market 264

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 19, 2023

Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.

Marketing 241

Marketing Market Occupancy Hotels 241

Hospitality Net

APRIL 11, 2024

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

Occupancy 183

Occupancy Real Estate Hotels Market 183

Hotel Management

MAY 23, 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.

Occupancy 130

Occupancy Marketing Market Travel 130

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 Marketing Market 276

Hotel News Resource

SEPTEMBER 10, 2024

From crafting enticing seasonal packages to partnering with local attractions, there are many ways to increase your fall occupancy and bottom line as the leaves change. Here are 15 ways to boost your fall occupancy right now.

Occupancy 81

Occupancy Marketing Strategy Marketing Market 81

Hospitality Net

OCTOBER 10, 2024

In this episode, we look at where there is potential to drive more revenue in hospitality and accommodation businesses when the ADR has been maximised, other than occupancy - how can hotels increase spend per guest?

Revenue 188

Revenue Hospitality Occupancy Marketing 188

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.

Marketing 188

Marketing Market Hotel Marketing Occupancy 188

Webrezpro

MAY 2, 2024

With the promise of long, warm days and lazing outdoors, hotels are kicking off their summer marketing campaigns. While occupancy tends to be higher during the summer, the market is competitive as travelers put their time and effort into planning these much-awaited getaways.

Marketing 84

Marketing Market Occupancy Hotels 84

Lodging

MARCH 30, 2023

HENDERSONVILLE, Tennessee—STR has expanded the forward-looking component of its product offering by launching 104 new Forward STAR markets/submarkets in the United States and Canada.

Marketing 162

Marketing Market Occupancy Hotel Marketing 162

Lodging

MAY 25, 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. Among the Top 25 Markets, Washington, D.C., Hotel Occupancy Reaches Second Highest Level This Year appeared first on LODGING Magazine. percent (down 1.5

Occupancy 147

Occupancy Hotels Marketing Market 147

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

Hospitality Net

NOVEMBER 22, 2024

The US lodging sector is expected to experience muted growth in 2025, driven by moderate increase in average daily room rates and stable occupancy levels, resulting in an annual increase in revenue per available room of 1.5%.

Occupancy 203

Occupancy Construction Revenue Marketing 203

Hotel Management

MAY 16, 2023

The Asia Pacific (APAC) region is experiencing growing travel demand across all markets, according to the latest data from Amadeus. In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. in January 2023 to 76.5% in March 2023. in January 2023 to 76.5%

Occupancy 130

Occupancy Travel Marketing Market 130

Hotel News Resource

SEPTEMBER 19, 2024

Article - Hotel Marketing Podcast Episode 263 - Last Minute Solutions To Drive Fall Hotel Occupancy - We’re going to be cracking open our pumpkin spice beverages and talking about the wonders of fall and how we can boost our autumn bookings.

Occupancy 40

Occupancy Hotel Marketing Marketing Market 40

Hospitality Net

NOVEMBER 4, 2024

year over year on nearly equal gains in occupancy and average daily rate (ADR). Occupancy reached 69%, up 3 percentage points (ppts), and ADR increased 4.6%. The occupancy gain was the largest since earlier this year with 82% of the 171 STR-defined U.S. markets reporting occupancy growth, the most of the past 91 weeks.

Average Daily Rate 241

Average Daily Rate Occupancy Revenue Marketing 241

Social Hospitality

AUGUST 9, 2023

Data can be especially impactful in marketing. Instead of relying on a hunch, marketers can make informed decisions about how to inspire meaningful engagement with their target audience and create content that leads to conversions. We’re going to dive into ways you can gather data efficiently to elevate your marketing strategies.

Marketing 130

Marketing Market Events Occupancy 130

Hotel Management

NOVEMBER 14, 2024

Nuell said the partnership over the past three years has resulted in more Marriott Bonvoy sign ups, increased brand awareness and increased hotel occupancy and revenue in the company’s 10 Melbourne hotels.  “The We operated at high occupancy throughout the tournament, and are currently pacing in line with last year.

Occupancy 130

Occupancy Events Revenue Accommodation 130

Hospitality Net

MAY 1, 2023

STR’s global “bubble chart” update through 15 April 2023 shows continued improvement in the Asia Pacific region and more than half of global markets with better than 20% growth in revenue per available room (RevPAR) versus 2019.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Marketing 239

Lodging

NOVEMBER 22, 2024

Hotel PerformanceNovember 10-26, 2024 Percentage change from comparable week in 2023:Occupancy: 63.3 percent) Among the Top 25 Markets, Tampa saw the largest increases across each of the three key performance metrics: occupancy (up 30.3 percent (up 1.5 percent)ADR: $154.96 (down 1.1 percent)RevPAR: $98.11 (up 0.4 percent to 87.2

Occupancy 147

Occupancy Hotels Marketing Market 147

Hospitality Net

JULY 12, 2024

A midyear snapshot of performance in the top 65 markets in the US indicates that on a trailing 12-month basis through May, RevPAR is up slightly year over year (due to slight increases in both occupancy and ADR) and this is largely driven by increases in the top three chain scales: luxury, upscale and upper upscale.

Marketing 100

Marketing Market Construction Scale 100