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

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

Hotel Management

MARCH 30, 2023

Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.

Occupancy 130

Occupancy Events General Manager Hotels 130

Amadeus Hospitality

MAY 11, 2023

Originally published to Amadeus Insights May 12, 2023 – Travel across the Asia Pacific region (APAC) is well on its way to recovery, with growing travel demand across all markets as the industry approaches the second half of the year. Hotel occupancy levels in major APAC markets improved throughout Q1 2023.

Occupancy 96

Occupancy Travel Hotels Market 96

Hospitality Net

MAY 12, 2023

Travel across the Asia Pacific region (APAC) is well on its way to recovery, with growing travel demand across all markets as the industry approaches the second half of the year.

Occupancy 189

Occupancy Travel Hotels Market 189

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

JUNE 26, 2024

There may be no crying in baseball, but hoteliers who are not building relationships with travel sports teams may find themselves shedding a few tears once they realize how much money is being left on the table by not catering to the lucrative sports tourism segment.

Tourism 147

Tourism Travel Occupancy Accommodation 147

Hotel Management

JUNE 12, 2023

But despite feeling the pinch, the desire to travel still remains strong, according to Accor’s global commercial chief. While we have higher cost of living, the rising inflation rate and GDP – leisure travel is still extremely strong,” Accor Group Chief Commercial Officer – Premium, Midscale and Economy, Karelle Lamouche, told HM.

Travel 262

Travel Consumer Occupancy Branding 262

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 Marketing Market Hotel Marketing 59

Hotel Management

MARCH 26, 2024

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared.

Occupancy 130

Occupancy Hotels Dining General Manager 130

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

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. Some of the findings: Direct bookings are on the rise.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel News Resource

MARCH 23, 2023

Among key markets in the region, São Paulo has seen stronger occupancy recovery on weekends compared to weekdays, but shoulder days (Sunday and Thursday), which combine both business and leisure travel, have been the best performing days in the market.

Occupancy 94

Occupancy Marketing Market Business 94

Hotel Management

JANUARY 17, 2024

With the resurgence of domestic and international travel, airport hotels are in hot demand according to major hotel operators. They are fast paced, deliver strong occupancy rates and bring a diverse range of guests through our doors, enabling us to showcase our renowned EVT hospitality.

Travel 130

Travel Occupancy Hotels Resorts 130

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. Striking the right equilibrium requires a keen understanding of market dynamics, customer behavior, and strategic pricing. Define the key metrics you’ll monitored each day, hour, and minute.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Lodging

APRIL 7, 2023

Hotel Performance March 26-April 1, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 66.2 percent) Among the Top 25 Markets, Washington, D.C., Hotel Performance Shows Mixed Comparisons Amid Spring Break Travel appeared first on LODGING Magazine. percent (up 3.4 percent, down 3.5 percent)ADR: $158.40 (up 7.3

Travel 173

Travel Occupancy Hotels Market 173

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

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. Or you can entice weekend travellers to stay an extra day with a sweeter mid-week deal?

Occupancy 80

Occupancy Forecasting OTA Revenue 80

Hotel Management

APRIL 6, 2023

Barry Robinson, President and Managing Director International Operations, Wyndham Destinations Travel and Leisure Co. Leisure travel is back, but while most markets are shaking off the shackles of the pandemic, China has only just opened its borders. As a result, Travel + Leisure Co. As a result, Travel + Leisure Co.

Travel 246

Travel Operations Resorts Occupancy 246

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 246

Occupancy Consumer Market Marketing 246

Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% While consumers have the means to travel, dwindling COVID savings and below-average savings rates could be a headwind going forward. decrease in occupancy, which was driven in part by a 1.3% Food for thought Short-term rentals continued to take market share in February.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. While the top markets have changed year-over-year, there are currently nine markets at more than 50% occupancy—the same amount in 2019 for the same stay week.

Occupancy 59

Occupancy Forecasting Market Marketing 59

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 264

Marketing Market Occupancy Construction 264

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? For example, if you have 20 rooms, but only 10 are occupied, your occupancy rate will be 50%.

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Hotel Management

JANUARY 16, 2024

First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. What type of traveller does Moxy appeal to? How is the hotel catering to that airport traveller? Are you welcoming a lot of airport travellers?

Marketing 147

Marketing Market Occupancy Hotels 147

Lodging

MARCH 27, 2023

HENDERSONVILLE, Tennessee—Helped by spring break travel, U.S. Hotel Performance March 12-18, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 67.6 percent) Among the Top 25 Markes, Boston saw the highest year-over-year increase in occupancy (up 17.8 percent (up 1.3 percent, down 2.5 percent, up 23.9

Travel 162

Travel Occupancy Hotels Marketing 162

STAAH

AUGUST 11, 2024

Renowned for its exceptional service standards, Sayaji Group of Hotels is a sophisticated collection of 15 individually designed hotels catering to both leisure and business travellers with stylish guest rooms and versatile meeting facilities across 11 Indian cities. 30% increase in revenue. 40% – 60% increase in direct bookings.

Occupancy 89

Occupancy Revenue Cancellation Services 89

SiteMinder

NOVEMBER 6, 2023

What is Airbnb occupancy rate? Airbnb occupancy rate is defined by the platform as “ the number of nights booked divided by total nights available to be booked across all relevant listings. ” Occupancy rate is a metric that is used to describe the percentage of hotel rooms that are occupied.

Occupancy 59

Occupancy Hotels Business Revenue Management 59

Hotelier Magazine

MAY 2, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. In comparison to 2019, occupancy came in at 62.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7 Among the major markets, Vancouver reported the highest occupancy level (77.5

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 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. We’ve seen the occupancies continue through these cooler months. “We’re

Business 242

Business Hotel Marketing Marketing Market 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 Marketing Market 64

Hospitality Net

APRIL 9, 2024

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently.

Occupancy 245

Occupancy Operations Market Marketing 245

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

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

Hotel Business

APRIL 5, 2024

“Events such as the upcoming total solar eclipse provide an opportunity for hotels to bring in critical revenue by capitalizing on surges in demand,” said Jason Lugo, market VP for the Americas, SiteMinder. The post SiteMinder: Solar eclipse boosts occupancy across U.S. appeared first on hotelbusiness.com.

Occupancy 64

Occupancy Upsell Revenue Revenue Management 64