Hospitality Net

SEPTEMBER 13, 2024

This report delves into the intense rivalry between Singapore and Hong Kong, two of Asia’s most influential hotel markets, each vying for dominance in the post-pandemic era. Singapore, now leading the region with occupancy rates surpassing 83% in early 2024, is capitalising on its ability to attract major international events.

Hotel Marketing 208

Hotel Marketing Market Marketing Occupancy 208

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 187

Market Marketing Occupancy Tourism 187

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 215

Hotel Marketing Market Marketing Occupancy 215

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

NOVEMBER 18, 2024

Eight months before the start of Oasis’ sold-out tour, host markets in Europe are already seeing a significant impact on occupancy on the books, according to Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Real Estate 192

Real Estate Market Marketing Occupancy 192

Lodging

JANUARY 18, 2024

Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: RevPAR: US$97.97 (+4.9%) The country’s occupancy level was its highest since 2019. Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 8.8

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

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 185

Average Daily Rate Market Marketing Occupancy 185

Lodging

MARCH 29, 2024

Hotel Performance March 17-23, 2024 Percentage change from comparable week in 2023:Occupancy: 65.3 percent) Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (up 13.6 percent (up 0.7 percent)ADR: $162.28 (up 2.5 percent)RevPAR: $106.01 (up 3.2 percent to 75.5

Occupancy 290

Occupancy Hotels Market Marketing 290

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 Market Marketing 147

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 187

Average Daily Rate Occupancy Revenue Market 187

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

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 194

Casinos Hotel Marketing Market Marketing 194

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 Market Marketing 264

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 141

Occupancy Real Estate Hotels Market 141

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 175

Average Daily Rate Market Marketing Occupancy 175

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 Market Marketing Travel 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.

Market 248

Market Marketing Occupancy Construction 248

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.

Market 194

Market Marketing Occupancy Hotels 194

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

Occupancy 290

Occupancy Tourism Events Accommodation 290

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 176

Revenue Management Revenue Market Marketing 176

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.

Market 146

Market Marketing Occupancy Consumer 146

Lodging

APRIL 19, 2024

Hotel Performance April 7-13, 2024 Percentage change from comparable week in 2023:Occupancy: 65.8 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increase in occupancy (up 23.2 percent (up 2.8 percent)ADR: $160.20 (up 2.9 percent)RevPAR: $105.48 (up 5.8 percent to 77.0

Occupancy 249

Occupancy Hotels Market Marketing 249

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.

Market 167

Market Marketing Occupancy Hospitality 167

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. We’ve seen the occupancies continue through these cooler months. “We’re

Business 242

Business Hotel Marketing Market Marketing 242

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 277

Occupancy Hotels Market Marketing 277

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 242

Average Daily Rate Occupancy Revenue Hotel Marketing 242

Lodging

JANUARY 29, 2024

The market is projected for a Friday through Sunday night occupancy of 87.9 HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 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

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

Skift Blog

JUNE 28, 2023

If not, we are looking at a softening market. Skift Take: Rising supply is a good as long as there is demand at a price that consumers are willing to pay. Srividya Kalyanaraman Read the Complete Story On Skift

Occupancy 188

Occupancy Consumer Market Marketing 188

Lodging

JUNE 16, 2023

Hotel Performance June 4-10, 2023 Percentage change from comparable week in 2022:Occupancy: 69.4 percent) Among the Top 25 Markets, Oahu Island saw the only double-digit occupancy lift over 2022 (up 13.0 percent (down 1.6 percent)ADR: $157.69 (up 0.5 percent)RevPAR: $109.38 (down 1.2 percent to 84.8 Washington, D.C.,

Occupancy 255

Occupancy Hotels Market Marketing 255

Lodging

OCTOBER 19, 2023

markets have recovered 99.1 Group bookings are calculated using occupancy and average daily rate (ADR). ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S.

Average Daily Rate 299

Average Daily Rate Business Hospitality Occupancy 299

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.

Market 162

Market Marketing Occupancy Hotel Marketing 162

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

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 Management

NOVEMBER 21, 2024

More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW Hotel Market and Economic Outlook Update at Hilton Sydney. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.

Market 130

Market Marketing Average Daily Rate General Manager 130

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

DECEMBER 27, 2024

The European hotel market in October 2024 showcased overall stability and moderate growth across various segments. Global occupancy rates improvedslightly to 74.3%, reflecting a +1.0-point point increase compared to the previous year. ADR saw a slight decline of -1.0% RevPAR, supported by steady demand, grew marginally by +0.4%

Occupancy 195

Occupancy Hotel Marketing Market Marketing 195