Hospitality Net

MAY 15, 2024

Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand.

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

MARCH 11, 2024

Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. Growth in revenue per available rooms (RevPAR) returned to the U.S. following the previous week’s decrease.

Average Daily Rate 252

Average Daily Rate Occupancy Revenue 252

Hospitality Net

MAY 27, 2024

The increase in RevPAR was driven almost entirely by average daily rate (ADR), which rose 2.6%. revenue per available room (RevPAR) grew 2.8% year over year (YoY) for the week ending 18 May 2024. Once again group and midweek demand across the upper chain scales drove performance. Occupancy was up 0.1

Average Daily Rate 241

Average Daily Rate Occupancy Scale Revenue 241

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

MAY 13, 2024

year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% Revenue per available room (RevPAR) increased 0.5% percentage points (ppts).

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hotel News Resource

JULY 11, 2024

Between monitoring your competition, figuring out the best room rates, and providing a superb guest experience, things can feel. Running a hotel isn't always easy. frantic.

Average Daily Rate 40

Average Daily Rate Hotels 40

Hospitality Net

JUNE 12, 2024

Tokyo’s hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR) in May, 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 187

Average Daily Rate Real Estate Revenue Market 187

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 235

Average Daily Rate Forecasting Hotels 235

Hospitality Net

APRIL 15, 2024

percentage points [ppts]) and average daily rate (ADR, +2.1%). Weekly U.S. results were robust with revenue per available room (RevPAR) rising 6.9% year over year (YoY) via gains in occupancy (+2.9

Average Daily Rate 222

Average Daily Rate Occupancy Revenue 222

Hospitality Net

APRIL 29, 2024

year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. Revenue per available room (RevPAR) rose 1.2% percentage points (ppts) YoY.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Market 244

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

JULY 2, 2024

Average daily rate (ADR) was basically flat at +0.1% revenue per available room (RevPAR) decreased 2.4% year over year (YoY), which was entirely the result of an occupancy decline of 1.8 percentage points (ppts).

Average Daily Rate 130

Average Daily Rate Occupancy Revenue 130

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

APRIL 29, 2024

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.

Average Daily Rate 242

Average Daily Rate Real Estate Occupancy Hotels 242

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 1, 2024

Your competitors are already upping their nightly rates. You’ve got roughly half an hour to decide what average daily rate ought to be for your soon-to-be-sold-out room inventory. Taylor Swift is coming to town! A surge of Swifties are impending.

Average Daily Rate 244

Average Daily Rate Revenue Management Revenue Business 244

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

JULY 3, 2024

Boosted by three large-scale events during the final weekend of June, Dublin hotel average daily rate (ADR) eclipsed EUR300 for just the second time this year and sixth time in history, according to preliminary data from CoStar.

Average Daily Rate 130

Average Daily Rate Events Real Estate Scale 130

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

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

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

Hospitality Net

JULY 10, 2024

Pushed by the 2024 UEFA European Football Championship, Cologne’s hotel industry recorded its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to June preliminary data from CoStar.

Average Daily Rate 124

Average Daily Rate Real Estate Revenue Hotels 124

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 278

Average Daily Rate Forecasting Occupancy Revenue 278

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

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 277

Average Daily Rate Occupancy Revenue Hotels 277

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

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

Hospitality Net

JULY 10, 2024

Thanks to a boost from the annual Spanish Grand Prix, Barcelona’s monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, 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 113

Average Daily Rate Real Estate Revenue Market 113

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

JULY 17, 2024

With an average daily rate (ADR) for a U.S. hotel room of $158.45 in May 2024—the second-highest month ever behind $159.01 in October 20231—virtually every traveler in every hotel price bracket is paying more for a hotel room. According to the J.D.

Average Daily Rate 130

Average Daily Rate Travel Hotels Market 130

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 290

Forecasting Average Daily Rate Occupancy Tourism 290

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

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 299

Average Daily Rate Business Hospitality Occupancy 299

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 176

Average Daily Rate Occupancy Real Estate Hotels 176

Hospitality Net

MAY 29, 2024

compared to the same quarter in 2023), with average daily rates (ADR) standing at €134.60 (+11.7%) and revenue per available room (RevPAR) of €92.10 (+17.1%). Spain’s hotels achieved occupancy of 68.5% between January and March (+4.9% In terms of destinations, the Canaries topped the table for all three indicators.

Average Daily Rate 246

Average Daily Rate Occupancy Tourism Hotels 246

Hospitality Net

JUNE 10, 2024

increase in revenue per available room (RevPAR), all from occupancy, as average daily rate (ADR) was essentially unchanged (+0.1%). hotel performance over the week of Memorial Day (ending 1 June 2024) showed a modest 1.0%

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130