Lodging

NOVEMBER 19, 2024

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6

Forecasting 262

Forecasting Average Daily Rate Occupancy Tourism 262

Skift Blog

NOVEMBER 20, 2024

Skift Take: In the July-September quarter, the occupancy remained consistent as last year, and the growth in revenue was driven by higher room rates: A positive sign indicating travelers' willingness to spend more on tourism. Bulbul Dhawan Read the Complete Story On Skift

Revenue 243

Revenue Occupancy Tourism Travel 243

Hotel Management

JANUARY 7, 2024

The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators. The post Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper appeared first on Hotel Management.

Tourism 287

Tourism Cancellation Accommodation Occupancy 287

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 Management

APRIL 8, 2025

The coordinated efforts of Tourism Events Queensland and Experience Gold Coast, supported by airlines and hotel groups like ours, have been instrumental in driving a strong Easter holiday period for the tourism industry, he said. This surge in demand is a great sign for the regions resilience and ongoing recovery.

130

130

Hotel Management

FEBRUARY 27, 2025

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Pipeline Tourism 130

Skift Blog

JULY 2, 2024

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift

Average Daily Rate 280

Average Daily Rate Revenue Hotels Branding 280