Hospitality Net

AUGUST 29, 2024

After expecting a slight revival in the hotel investment market at the beginning of the year, our latest Hotel Market Spotlight for Berlin now looks at the hotel performance itself. The occupancy rate reached 71% in the first half of 2024, up from 68% in H1 2023. Have operating costs and expenses increased?

Hotel Marketing 246

Hotel Marketing Market Marketing Occupancy 246

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

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 237

Hotel Marketing Market Marketing Occupancy 237

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.

Market 246

Market Marketing 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.

Market 244

Market Marketing Occupancy Accommodation 244

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

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 182

Occupancy Real Estate Hotels Market 182

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 Market Marketing 130

Lodging

JUNE 19, 2023

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

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

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

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

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 Market Marketing 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 Market Marketing Occupancy 246

Hospitality Net

MAY 31, 2023

STR’s global "bubble chart" update through 20 May 2023 shows 85% of markets with growth in revenue per available room (RevPAR) compared to 2019. More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables.

Occupancy 130

Occupancy Revenue Market Marketing 130

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 Market 241

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 185

Market Marketing Occupancy Consumer 185

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 Market Marketing Occupancy 202

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 Market Marketing 241

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 Market 239

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 Market Marketing 189

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 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

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 per cent (down 0.4

Occupancy 59

Occupancy Forecasting Consumer Hotels 59

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

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 Market Marketing 40

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+ ®. ADR has continued to rise too, averaging a 7% increase from when the data was last examined (see charts above and below).

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

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 228

Market Marketing Occupancy Hospitality 228

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 Market Marketing Events 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 Occupancy in the segment also stood out, up 3.7 per cent), which was 4.2 per cent to 60.9

Occupancy 52

Occupancy Average Daily Rate Hotels Consumer 52

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.

Market 100

Market Marketing Construction Hospitality 100

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

Lodging

NOVEMBER 15, 2024

Hotel PerformanceNovember 3-9, 2024Percentage change from comparable week in 2023:Occupancy: 62.6 percent) Among the Top 25 Markets, Las Vegas saw the largest increases across each of the three key performance metrics: occupancy (up 6.8 percent (down 3.5 percent)ADR: $156.11 (down 0.1 percent)RevPAR: $97.73 (down 3.5

Occupancy 147

Occupancy Hotels Market Marketing 147

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 241

Market Marketing Occupancy Hotels 241

Hospitality Net

OCTOBER 28, 2024

percentage point (ppt) increase in occupancy. RevPAR growth in the Top 25 Markets trailed slightly versus the remaining markets, which saw ongoing demand and ADR gains from areas impacted by Hurricanes Helene and Milton. In the week ending 19 October 2024, U.S. revenue per available room (RevPAR) advanced 4.2%

Average Daily Rate 263

Average Daily Rate Scale Occupancy Revenue 263

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

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