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

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

Hotel Management

MAY 23, 2024

While occupancy growth has trailed off, with single-digit increases or declines year over year for the past five months, rates have grown more than 20% year over year for each of the past 19 months, with no signs of deceleration. Occupancy growth has largely stabilized across all days of the week, further supporting this theory. “In

Occupancy 130

Occupancy Marketing Market Travel 130

Hospitality Net

MARCH 4, 2024

hotel occupancy is blossoming week over week even as rate growth slows. As the spring travel season approaches, U.S.

Occupancy 245

Occupancy Hotels Travel 245

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

Hotel Management

APRIL 22, 2024

During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% Over the three-week period of the Adelaide Festival, March1-17, alongside Adelaide Fringe, which ran from February 16 – March 17, hotel occupancy was up 6% yoy to 82.5%. yoy to AU$191.25.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

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

Hospitality Net

JULY 6, 2023

This occurred despite the fact that the average occupancy for U.S. 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. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 225

Occupancy Revenue Forecasting Hotels 225

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

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

Hospitality Net

MAY 26, 2023

At a market-level, New York City continued to hold down the top occupancy spot while markets like Boston, Washington, D.C. and Alaska joined the leaderboard.

Occupancy 245

Occupancy Market Marketing Travel 245

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 Marketing 183

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. Hotel Occupancy Reaches Second Highest Level This Year appeared first on LODGING Magazine. percent (down 1.5 percent)ADR: $158.53 (up 3.6 percent)RevPAR: $106.98 (up 2.1

Occupancy 147

Occupancy Hotels Marketing Market 147

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 270

Occupancy Tourism Hospitality Hotels 270

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

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

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

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

Hotel News Resource

NOVEMBER 13, 2024

Article - Diwali Celebrations Skyrocket October Hotel Occupancy Rates in Dubai - Diwali celebrations helped Dubai’s hotel industry post its highest October occupancy level since 2012, according to preliminary data from CoStar.Â

Occupancy 45

Occupancy Hotels 45

eHotelier

AUGUST 29, 2023

8 practical tips to increase your hotel’s occupancy rates - Insights With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed.

Occupancy 105

Occupancy Management 105

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

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 Marketing Market 130

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 Market Marketing 81

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

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 News Resource

AUGUST 5, 2024

In this guide, weÕll revisit the basic fundamentals of revenue management and walk through a step-by-step process to effectively forecast hotel occupancy using real datasets.

Forecasting 75

Forecasting Occupancy Revenue Management Revenue 75

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 Marketing 90

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

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

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

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

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 Marketing 239

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. This compares to all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

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

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

Hotel News Resource

MAY 23, 2024

Article - For April Canada Hotels Report First Occupancy Increase in Four Months - Among the provinces and territories, Ontario recorded the highest April 2024 occupancy level (68.1%), which was 4.2% above 2023.

Occupancy 74

Occupancy Hotels 74