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

Skift Blog

APRIL 18, 2023

Skift Take: Strong leisure travel demand and resumption of international flights have been instrumental in reshaping the fortunes of the hospitality sector. But will the trend continue? Amrita Ghosh Read the Complete Story On Skift

Occupancy 260

Occupancy Hospitality Travel Hotels 260

Hotel Management

OCTOBER 8, 2024

Accommodation Australia (AA) NSW General Manager Stacey McBride said the Minns Government has listened to the needs of hotels and is confident the strategy will attract more visitors to the state, increasing hotel occupancy. This is something AA NSW will continue to work on at all levels of Government,” McBride added.

Tourism 182

Tourism Accommodation General Manager Occupancy 182

Lodging

NOVEMBER 20, 2023

HENDERSONVILLE, Tennessee—STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. Occupancy was downgraded slightly (by 0.2 hotel forecast revision of 2023. For 2023, growth in RevPAR was raised by 0.3 percentage points, due to a 0.6

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

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

Hotel Management

AUGUST 29, 2024

Japan’s top hoteliers and tourism professionals are preparing to meet next week for the inaugural AHICE Far East Asia on Wednesday, September 5. The half-day event at The Tokyo EDITION hotel in Toranomon will unite leaders from the hotel, aviation, and tourism sectors to discuss challenges and opportunities in this rapidly evolving market.

Tourism 147

Tourism Occupancy Hotels Events 147

Hospitality Net

MAY 29, 2024

Produced jointly by STR and Cushman & Wakefield, the Hotel Sector Barometer confirms the upsurge in tourism and hotel activity in Spain, with outstanding results across all indicators showing growth over the figures for the first quarter of 2023. Spain’s hotels achieved occupancy of 68.5% Spain’s hotels achieved occupancy of 68.5%

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Average Daily Rate Occupancy Hotels Tourism 246

Hotel Management

JUNE 11, 2024

Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Lodging

NOVEMBER 19, 2024

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 percentage points to +1.5 percent and down 0.6 ppts to +1.4

Forecasting 262

Forecasting Average Daily Rate Occupancy Tourism 262

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 Market Marketing 130

Hospitality Net

MAY 24, 2024

The resurgence of travel activity in Venice following the years afflicted by the COVID-19 pandemic has not only been a sign of recovery but also an indicator of evolving trends within the city’s tourism sector.

Market 239

Market Marketing Occupancy Tourism 239

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

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

MAY 25, 2023

Michael Johnson, CEO of Tourism Accommodation Australia and Interim CEO of Accommodation Association said the festival has evolved greatly over the years to become a “demand driver” for hotels. This year, Johnson explained, while there is demand for weekend bookings, occupancy during the week is softer than expected.

Occupancy 245

Occupancy Tourism Events Accommodation 245

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 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. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Management

FEBRUARY 27, 2024

Sydney hotels enjoyed a record-breaking weekend, with many reporting occupancy levels of between 90% and 100%, thanks to major events across the city, including four sold-out Taylor Swift concerts. The boost to tourism doesn’t just stop at creating memories – it creates jobs.

Tourism 217

Tourism Occupancy Accommodation Events 217

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). The occupancy projection for this year was lowered 0.2% The occupancy projection for this year was lowered 0.2% For 2024, a 1.4%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hospitality Net

JANUARY 16, 2024

Propelled by average rate growth, hotel RevPAR in Little Rock continued to improve in 2023, with occupancy meeting or exceeding prior pandemic levels at most hotels. In addition to a recovery trend in both business travel and group demand, tourism and leisure demand in the Natural State experienced significant growth after the pandemic.

Occupancy 185

Occupancy Tourism Hotels Business 185

Lodging

JANUARY 23, 2024

HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S. percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS).

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

Hotel Management

JULY 25, 2023

Victoria’s proposed tourism tax has been deemed “unfair” on hotel guests and likely to impact tourism numbers in the state, according to peak accommodation body Accommodation Australia. Hotel occupancy levels are still below pre-pandemic figures and in the mid-sixty per cent range.

Accommodation 130

Accommodation Tourism Events Pipeline 130

Skift Blog

APRIL 26, 2023

Skift Take: Record aircraft orders show investor faith in the potential of India’s outbound tourism. The smartest destinations will warmly welcome to the rising wave of Indian travelers. Easing visas is one key step (hint, hint). Amrita Ghosh Read the Complete Story On Skift

Travel 300

Travel Tourism Occupancy Hotels 300

Hotel Management

DECEMBER 19, 2023

Nearly six months on from the formation of Accommodation Australia – an amalgamation of the Accommodation Association and Tourism Accommodation Australia – CEO Michael Johnson spoke to HM’s Ruth Hogan about what has been achieved this year and what’s top of the agenda for 2024. How did you go about tackling the Victoria tourism levy issue?

Accommodation 290

Accommodation Tourism Occupancy Closing 290

Hospitality Net

NOVEMBER 30, 2023

An island jewel nestled just off the south coast of Vietnam, Phu Quoc has emerged as one of the world’s most exciting and enticing international tourism destinations. Now, Sun Group, one of Vietn.

Occupancy 227

Occupancy Resorts Tourism Travel 227

Skift Blog

APRIL 4, 2024

Skift Take: Many smaller cities on the path of totality with short-term rentals have reached 100% occupancy, according to AirDNA. But larger cities aren’t far behind. Elizabeth Casolo Read the Complete Story On Skift

Occupancy 247

Occupancy Tourism 247

Hospitality Net

SEPTEMBER 1, 2023

The COVID-19 pandemic initially posed a major threat to the leisure-heavy Gulf Coast tourism industry, as the market only benefited from one month of Spring Break travel before the stay-at-home orders were issued. As a result, occupancy and ADR for July and August nearly reached pre-pandemic levels.

Occupancy 186

Occupancy Tourism Resorts Market 186

Hotel Management

OCTOBER 29, 2024

Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

Occupancy 162

Occupancy Average Length of Stay Accommodation Events 162

Hospitality Net

NOVEMBER 7, 2023

The third quarter confirmed a solid recovery in tourism for Spanish holiday and urban destinations, as well as for the main European “bleisure" urban destinations, with average rates continuing to grow at around a mid-single digit and somewhat better occupancy figures, even though there is still a promising room for improvement to this respect, especially (..)

Occupancy 189

Occupancy Tourism Business Travel 189

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Vietnam has faced some of the strongest headwinds in the real estate sector in the region, and international tourism has been relatively slow to recover.

Real Estate 245

Real Estate Average Daily Rate Occupancy Market 245

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. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 90

Occupancy Forecasting OTA Revenue 90

Hotel Management

JUNE 29, 2023

CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Hotel Management

JULY 3, 2024

A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

Skift Blog

JUNE 29, 2023

Skift Take: While Seattle is thriving across the board, it is high hotel occupancy that stands out as a clear winner. Jess Wade Read the Complete Story On Skift

Occupancy 244

Occupancy Travel Hotels Events 244

Hotel Management

AUGUST 15, 2024

AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market. Bolstered by its reputation as a top-ranked global tourism destination , Japan is poised for significant growth and investment in the hospitality sector.

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

Hotel Management

MAY 23, 2023

Despite the slow return of international travellers to Queensland, occupancy levels at Accor’s 96 hotels across the state are surging beyond 2019 occupancy levels thanks to strong domestic travel and the lure of major concerts and events.

Events 261

Events Accommodation Tourism Occupancy 261

Hospitality Net

NOVEMBER 16, 2024

According to the latest World Tourism Barometer by UN Tourism, international tourist arrivals were at 96% of pre-C19 levels in the first seven months of 2024, with strongest growth in MEA (both ahead of 2019 results). All markets reviewed in this Monitor witnessed ADR growth and only two dropped in occupancy (Maldives, -5.3%

Tourism 242

Tourism Occupancy Market Marketing 242

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. The occupancy projection for this year was lowered 0.2 hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. percent and 1.3 percent, respectively. […] The post STR, TE Update 2023 U.S.

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Forecasting Average Daily Rate Occupancy Tourism 147