Hospitality Net

NOVEMBER 17, 2024

The pandemic-induced shift in work, travel and transportation patterns has led core Central Business District (CBD) hotels to underperform their non-CBD counterparts both in occupancy and daily rates.

Occupancy 246

Occupancy Business Travel Hotels 246

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

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. in March 2023.

Occupancy 96

Occupancy Travel Hotels Market 96

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 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

Hospitality Net

NOVEMBER 10, 2024

The metric was up 3.1% (all comparisons are year-over-year unless otherwise noted) on equal gains in occupancy and average daily rate (ADR). Performance was lifted by the shift of Halloween from Tuesday last year to Thursday this year as well as corporate travel squeezed in ahead of the U.S. election.

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Travel 246

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

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 225

Occupancy Hospitality Travel Hotels 225

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 185

Revenue Occupancy Tourism Travel 185

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

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

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% Outbound international travel continues to outperform inbound.

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

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 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 82

Occupancy Forecasting OTA Revenue 82

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

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

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

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 90

Occupancy Revenue Cancellation Services 90

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. Channel Management Software will help manage room inventory across multiple online travel agencies (OTAs) and booking platforms. Use predictive analytics to forecast future demand.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

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 Market Marketing 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

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 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

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

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

Hospitality Net

MAY 3, 2024

The Hospitality Industry Sentiment (HIS) survey is STR’s quarterly study capturing the experiences and expectations of travel industry professionals. This survey began in Q4 2022, and with the fifth edition completed in Q1 2024, some trends have solidified while others appear to be reversing course.

Occupancy 130

Occupancy Travel Hospitality 130

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

Lodging

APRIL 7, 2023

Hotel Performance March 26-April 1, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 66.2 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 percent, up 19.9 percent)RevPAR: $104.78 (up 10.9

Travel 173

Travel Occupancy Hotels Market 173

Skift Blog

JUNE 28, 2023

Skift Take: Rising supply is a good as long as there is demand at a price that consumers are willing to pay. If not, we are looking at a softening market. Srividya Kalyanaraman Read the Complete Story On Skift

Occupancy 226

Occupancy Consumer Market Marketing 226

Hotel Business

APRIL 5, 2024

This will maximize their opportunities to upsell to today’s experience-led, deal-hungry travelers, thereby further increasing their revenue.” The post SiteMinder: Solar eclipse boosts occupancy across U.S. appeared first on hotelbusiness.com.

Occupancy 64

Occupancy Upsell Revenue Revenue Management 64

Hotel Management

JANUARY 16, 2024

“Serviced apartments in Jakarta demonstrated consistent growth in average occupancy rates during Q3 2023 and increments in average rates is expected with new inventory in the city,” said Choe Peng Sum. The post Pan Pacific Hotels unveils Parkroyal Serviced Suites in Jakarta as business travel rebounds appeared first on Hotel Management.

Services 130

Services Business Travel Occupancy 130

Hospitality Net

AUGUST 19, 2024

Travelers are squeezing the last drops out of summer as U.S. Occupancy has increased in three of those weeks with growth softened by a small supply increase. hotel room demand strengthened year over year (YoY) for the fourth straight week.

Average Daily Rate 258

Average Daily Rate Occupancy Travel Hotels 258

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 147

Occupancy Average Length of Stay Accommodation Events 147

Hospitality Net

MARCH 4, 2024

hotels continued to see week-on-week occupancy growth, however, the rate of growth has slowed. The most recent level (62%) was the highest weekly occupancy of the year, up 2.8 While the week included Presidents’ Day, which tends to slow travel, the comparison was clean as the holiday occurred in the same week last year.

Occupancy 245

Occupancy Travel Hotels 245

Skift Blog

DECEMBER 13, 2023

Skift Take: Online travel agencies have been sued for occupancy taxes since 2004, before Airbnb's founding. Two decades later, the issue is ongoing around the world. Dennis Schaal Read the Complete Story On Skift

Occupancy 254

Occupancy Travel 254

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 216

Occupancy Travel Hotels Events 216