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

JANUARY 29, 2024

Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for 9-11 February 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 239

Average Daily Rate Forecasting Hotels 239

Hospitality Net

FEBRUARY 26, 2024

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year. 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.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

Hospitality Net

NOVEMBER 20, 2023

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. hotel forecast revision of 2023.

Forecasting 273

Forecasting Average Daily Rate Tourism Revenue 273

Hospitality Net

APRIL 10, 2024

The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) 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.

Average Daily Rate 200

Average Daily Rate Real Estate Revenue Hotels 200

Hospitality Net

FEBRUARY 12, 2024

Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9% hotels took an expected seasonal pause with occupancy 1.0 percentage points (ppts) lower compared to the prior week and flat from a year ago. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

MAY 3, 2024

Global occupancy moved up to 62% and average daily rate increased by a further +2% as pricing remained robust, reflecting the complete return of leisure, business, and group travel. The Americas, having already recovered very strongly, was broadly flat due to some adverse calendar timing, and Greater China grew by +2.5%

Average Daily Rate 177

Average Daily Rate Occupancy Travel Business 177

Hospitality Net

MARCH 12, 2024

Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 200

Average Daily Rate Real Estate Revenue Market 200

Hospitality Net

MARCH 21, 2024

Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 186

Average Daily Rate Real Estate Occupancy Hotels 186

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. ADR, which stands for average daily rate, is the average income per occupied room your hotel makes in a set period of time. Table of contents. What is hotel ADR? Why is ADR important in the hotel industry?

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Hospitality Net

JANUARY 15, 2024

RevPAR was essentially unchanged compared to the same four weeks last year with average daily rate (ADR) increasing 1.4%, nearly offsetting an occupancy decline of 0.9 saw healthy RevPAR growth (+6.4%) in the week ending 6 January 2024 following a decline of 10.1% in the prior week due to the shift of New Year’s Eve (NYE).

Average Daily Rate 241

Average Daily Rate Occupancy 241

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR. The market is projected for a Friday through Sunday night occupancy of 87.9

Average Daily Rate 276

Average Daily Rate Forecasting Occupancy Revenue 276

Hospitality Net

FEBRUARY 5, 2024

increase in average daily rate (ADR). hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 percentage points (ppts).

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

Lodging

JANUARY 18, 2024

hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. WASHINGTON—The U.S. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: ADR: US$155.62 (+4.3%)RevPAR:

Average Daily Rate 275

Average Daily Rate Occupancy Revenue Hotels 275

Hospitality Net

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The fourth quarter of 2023 demonstrated that group business in 10 of the top markets in the U.S. has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

FEBRUARY 19, 2024

increase in average daily rate (ADR). Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% and driven entirely by a 6.8% occupancy fell 1.5 ppts as business slowed ahead of the big game.

Average Daily Rate 259

Average Daily Rate Occupancy Revenue Business 259

Hospitality Net

SEPTEMBER 8, 2023

year over year in July, as growth in average daily rate (ADR) continued to decelerate and national occupancy declined for the fourth consecutive month. revenue per available room (RevPAR) grew just 0.8%

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

Hospitality Net

APRIL 12, 2023

Created by SuitePad, Europe’s leading provider of in-room tablets for the hospitality industry and an expert in digital guest communication, the report also reveals that this successful cost management applies only to the Average Daily Rate (ADR) and not to ancillary services.

Average Daily Rate 264

Average Daily Rate Hospitality Services Management 264

Hospitality Net

FEBRUARY 23, 2024

Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 177

Average Daily Rate Occupancy Real Estate Hotels 177

Hospitality Net

FEBRUARY 12, 2024

increase in average daily rates (ADR), resulting in a 1.9% year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5% drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7% decrease in revenue per available room (RevPAR) during the quarter.

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

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. Recent RevPAR trends demonstrate that rate continues to be the primary driver of performance. hotel forecast revision of 2023.

Forecasting 287

Forecasting Average Daily Rate Occupancy Tourism 287

Lodging

OCTOBER 19, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.

Average Daily Rate 296

Average Daily Rate Business Hospitality Occupancy 296

Hospitality Net

JANUARY 15, 2024

Helped by New Year’s Eve, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 187

Average Daily Rate Real Estate Hotels Market 187

Hospitality Net

JANUARY 15, 2024

Helped by COP28 and New Year’s Eve, Dubai’s hotel industry reported its highest monthly average daily rate (ADR) on record, according to preliminary December data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 187

Average Daily Rate Real Estate Hotels Market 187

Hospitality Net

MARCH 24, 2024

Occupancy and average daily rate (ADR) were also steadily higher than last year. 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.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Hospitality Net

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR.) The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.

Average Daily Rate 239

Average Daily Rate Business Hospitality Occupancy 239

Hospitality Net

DECEMBER 12, 2023

This was achieved even though the average hotel had rented 8.2% The improvement was largely due to continued improvement in average daily rate and revenue from other sources. fewer room nights in 2022 than it did in 2018.

Average Daily Rate 246

Average Daily Rate Ancillary Revenue Revenue Hotels 246

Hospitality Net

AUGUST 21, 2023

The rate of growth in occupancy, average daily rate and revenue per available room (“RevPAR”) decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories. to a June low of 4.7%. Q1 RevPAR increased 53.5%

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

NOVEMBER 14, 2023

Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 188

Average Daily Rate Real Estate Revenue Hotels 188

Hospitality Net

NOVEMBER 14, 2023

Riyadh’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) level on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 178

Average Daily Rate Real Estate Revenue Hotels 178

Lodging

JANUARY 26, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The fourth quarter of 2023 demonstrated that group business in 10 of the top U.S. markets has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 179

Average Daily Rate Business Occupancy Events 179

Hotel Management

JANUARY 16, 2024

Helped by a New Year’s Eve Sydney’s hotel industry, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from property analytics platform CoStar. year over year, with an average daily rate (ADR) of AU$313.27, up 4.8%.

Average Daily Rate 130

Average Daily Rate Occupancy Closing Revenue 130

Lodging

JANUARY 23, 2024

For 2024, growth in average daily rate (ADR) was raised by 0.1 For 2025, growth projections for each of the key performance metrics were downgraded due to the long-term, average trends beginning to […] The post STR, TE Adjust First U.S. hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS).

Forecasting 179

Forecasting Average Daily Rate Occupancy Tourism 179

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 Market 239

Hospitality Net

OCTOBER 11, 2023

Even though room rates remained flat in comparison with 2019 during the first half of the year, Japan posted elevated average daily rate (ADR) of JPY18,507.46 average coming in at 88.3% That level was 126.9% of what was seen in the comparable month of 2019. of the pre-pandemic comparable.

Average Daily Rate 230

Average Daily Rate Occupancy Hotels 230

Hospitality Net

AUGUST 24, 2023

Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to CoStar’s July 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 185

Average Daily Rate Real Estate Revenue Hotels 185

Lodging

MAY 18, 2023

Average daily rate (ADR) […] The post CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth appeared first on LODGING Magazine. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 percent year-over-year, and an increase of $0.43 from its previous forecast.

Forecasting 263

Forecasting Average Daily Rate Occupancy Revenue 263