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DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3 CBRE projected a 1.3
hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in averagedailyrate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Hotel Forecast of 2025 appeared first on LODGING Magazine. percent and +1.8
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. CBRE now forecasts a 0.5% This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year.
The cherry on top is that it preserves your averagedailyrate (ADR) while elevating the guest experience, satisfaction, and loyalty. Instead of putting discounts everywhere, you could create loyalty programs, offer member only rates, and offer bespoke incentives. That feels way more special, right?
Picture a system that displays your hotel's current status and forecasts its future. This is what hotel business intelligence software accomplishes. This guide will explore how hotel business intelligence operates, why it matters, and how it can boost your hotel management. But how can you interpret all this information?
hotel forecast Second-quarter slowdown and macroeconomic headwinds weigh on RevPAR outlook, with modest recovery expected in the second half of the year Jun 12, 2025 Consulting firm PwC has revised its 2025 U.S. hotel performance forecast downward, citing economic uncertainty, geopolitical tensions, and a soft second quarter.
Growth was largely driven by higher AverageDailyRates (ADR), which outpaced inflation. Demand from transient travellers and weekday business travel remained stable, helping to offset weaker group and weekend demand. ADR growth is forecasted at 1.7 Overall occupancy levels remained flat, increasing by just 0.1
The report presents a detailed analysis of passenger traffic and capacity trends from March 2023 to February 2025 and provides a forecast extending to August 2025. Notable growth rates include a 9.3% increase in air passenger volume and scheduled seats for Asia and the Pacific, derived from Amadeus Navigator360™ data.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0 CBRE forecasts a 2.0
Insights General Booking Engine Opportunities (Available only via Booking.com) Logs (Internal Use Only) Why It Matters Why It Matters --> Without it, youre checking guests in and out without knowing which rooms are booked, what rates are working, or how your business is truly performing.
The GDS is particularly useful for connecting with corporate travel programs and winning business transient bookings. There are also third-party businesses that run Amadeus GDS courses and certifications, if youre really looking to upskill and gain a depth of knowledge – which will be useful if you want to optimise your GDS strategy.
This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses. Business intelligence software To improve EBITDAR, teams can use business intelligence software to collaborate, identify opportunities to reduce costs, and find ways to increase revenue.
in 2023/24—the highest in a decade—with averagedailyrates hitting an all-time high of ₹8,055. The Shifting Landscape of Indian Hospitality in 2025 The Indian hotel industry is experiencing unprecedented growth, with more than 100,000 new rooms expected to be added by 2029, surpassing the 300,000-room mark.
With occupancy rates projected to increase by 2.5% in 2024 and the averagedailyrate (ADR) expected to grow by 4.9% , operations managers play a crucial role in adapting to fluctuating demand, controlling expenses, and leveraging the latest technology to stay ahead of competitors.
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). from the previous forecast, but projections for averagedailyrate (ADR) and revenue per available room (RevPAR) were lifted 1.5%
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3 CBRE projected a 1.3
Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for Feb. The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and averagedailyrate (ADR) of $445. Even with 11.7% Even with 11.7%
Averagedailyrate (ADR) remains an important metric to talk about within the hotel industry. Data is becoming ever more valuable as hoteliers look for ways to recover from economic setbacks, grow their business, and gain an edge over the competition; so ADR is often crucial. Table of contents. What is hotel ADR?
“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 Given that investor interest is unlikely to wane, JLL forecasts in total sales of $4.7
Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.
According to the latest forecast by CoStar Group and Tourism Economics, U.S. The forecast also predicts a 1.6-per-cent per-cent growth in the AverageDailyRate, with an occupancy level of 63.1 The forecast suggests that the luxury RevPAR is expected to grow by 2.9 HENDERSONVILLE, Tenn. per cent in 2025.
Hotel forecasting, also known as hotel demand forecasting, is a strategic process that predicts future demand for hotel rooms and services based on historical data, market trends, and various influencing factors. What is Hotel Forecasting? Hotel financial forecasting helps hoteliers set targets by predicting fiscal outcomes.
What is hotel forecasting? Hotel forecasting is a method that is used to help managers determine their accommodation’s future demand and revenue performance. Whether you’re a seasoned hotelier or new to the industry, understanding the nuances of forecasting can be a game-changer for your business.
An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), AverageDailyRate (ADR), occupancy rates, booking pace, and revenue forecasts. Look for an RMS that utilizes advanced forecasting models and predictive analytics to forecast demand with precision.
SO/ Maldives is a multi-million international joint venture project developed in partnership with leading business conglomerate Wai Eco World Developer (WEWD) and operated by the successful Ennismore team – leaders in operating hotels and building brands.
As unpredictable as it can be at times (especially through the COVID-19 pandemic), forecasting is still an important part of running a hotel and being able to make strategic revenue management decisions. What is hotel revenue forecasting? Why should your hotel use forecasting? How can you forecast effectively at your hotel?
hotel forecast presented at the recent 15th annual Hotel Data Conference. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. AverageDailyRate (ADR) was upgraded 0.1 PARSIPPANY, N.J. — per cent, due to a 0.6-
In this guide we’ll take a closer look at accounting for hotel industry businesses including the best hotel accounting software, and whether you should be taking care of it yourself, advertising for hotel accounting jobs, or capitalising on third-party hotel accounting services.
WASHINGTON — Canadian hotels witnessed a significant landmark in October 2024, as the AverageDailyRate (ADR) surpassed $200 for the first time ever, according to data from CoStar. October’s occupancy rate was 68.5 Toronto topped the major markets with an occupancy rate of 79.6 per cent, marking a 0.8-per-cent
The growth of data that’s now readily available as well as the ways to track and analyse it provides a wealth of new opportunities for your business to turn a profit. This is a key reason why you should never be afraid to increase your rates, and this may be surprising, but customers actually expect increases over time.
WASHINGTON — Canada’s hotel AverageDailyRate (ADR) and Revenue Per Available Room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. For 2024, occupancy is forecasted to contract 1.4 In 2023 (percentage change from 2022): Occupancy: 65.7 per cent (up 7.7 per cent) ADR: $200.08 (up 9.7
Yield management is a pricing and revenue management strategy that is used to maximise business performance. This will vary depending on when someone is buying – hotels will often provide discounts for early bookers, offer lower rates on Sundays, enforce minimum stays etc. What is Yield Management? in one day, week, or month.
Travel is back with a vengeance for 2023, according to KAYAK’s 2023 Travel Trends Forecast. KAYAK data is showing a strong increase in searches for electric car rentals) with averagedailyrates down 12% YoY indicating more sustainable travel choices are top of mind for Americans heading into the new year.
Think back to the last time you made an important business decision for your property. That’s where business intelligence comes into play. Hotel business intelligence takes your existing data and tech stack to the next level. Here, we explore business intelligence for hotels and how it differs from data analytics.
The aim is to generate a hotel return on investment (or hotel ROI); money that you can either reinvest in the business or extract as profit. It could be that you’re buying a hotel business or investing in one you already own through things like property extensions and renovations, hotel marketing, employee training and hotel software.
Whether you accept transient or group business to your hotel is more than just a revenue management question. And it depends on how you want to run your business. They realize that the earlier they book the lower the rates are going to be. You thought it was going to be busy. It’s also a risk management question.
“While the increase in booking lead times reflects the real buzz around the Marathon that we’re seeing in all areas of London life, it’s also a boon for the city’s accommodation businesses. He adds: “Alarmingly, the averagedailyrate at London hotels has decreased slightly by 6.5% year-on-year.
Averagedailyrate is the main driver of revenue per available room (RevPAR) growth. STR forecasts RevPAR growth to be about 1.1% STR RevPAR Forecast ] Slow and steady revenue growth is keeping the industry optimistic, but it’s the profitability which is worrying some hotel investors and management companies.
In the hotel business, tracking the right performance indicators is non-negotiable. This figure becomes the foundation for performance analysis and forecasting. AverageDailyRate (ADR) ADR shows the average income earned from rooms sold, offering insight into pricing effectiveness.
Hoteliers use rate shopping to benchmark against other properties, optimise pricing decisions, and find opportunities to maximise revenue and profitability. This blog will give you a full overview of hotel rate shopping and rate shopper tools, which you can use to boost revenue success at your business.
These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and averagedailyrate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It offers insights into room demand and helps in forecasting.
So, while the internet doesn’t exactly level the playing field, it does provide smaller players like boutique hotels, inns, guest houses, hostels, B&Bs, and short-term rentals ample opportunities to attract the share of business they need to be successful. But success in eCommerce is about more than visibility.
It not only enhances guest satisfaction but also boosts loyalty and repeat business. You can unlock a wealth of untapped revenue by analyzing data to forecast demand and adjust pricing accordingly. Strategic revenue management with hotel data Effective revenue management is critical to your hotel's profitability.
The averagerate index (ARI) is a metric that allows hoteliers to evaluate the performance of their room rates relative to a group of competitors during a specific period. This automation and immediacy deliver more accurate demand and price forecasts and reduce the risk of human error. How is ARI calculated?
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