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star segment recorded a significant 22% year-on-year increase in AverageDailyRate (ADR) with ratesaveraging NZ$405 for these premium properties, driving the overall 15% rise ADR for the market. Occupancy in this segment reached close to 78%.
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 averagedailyrate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. decline in occupancy.
In fact, concert-goers often flood the local hotel market, with occupancyrates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand. This large influx of attendees, many traveling from neighboring countries, led to a 45% spike in hotel occupancy compared to regular weekends.
Several international and domestic hotel brands in mainland China have been reporting lower occupancy and averagedailyrates (ADRs) in 2024. The post Amadeus and AMT partner to help Chinese hotels increase their occupancy appeared first on Amadeus Hospitality.
For 2025, projected gains in averagedailyrate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Occupancy for the year was raised 0.1 While business optimism is on the rise, economic data has […] The post CoStar, TE Slightly Adjust Growth Projections in First U.S.
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
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. The problem is, this can actually hurt your brand, lower rate integrity, and compress margins. That feels way more special, right?
hotel occupancy dips in June as business travel remains sluggish Weekday travel demand continues to underperform leisure-driven weekends, reflecting a weak corporate travel environment Jul 23, 2025 U.S. Key takeaways Occupancy decline: U.S. hotel occupancy fell 1.7 percent year over year to 68.5 percent in June.
The research shows these features could add around 12% to the averagedailyrate (ADR) charged by the hotel, which could increase revenues by over $5,300 per room*, per year, for an average mid-range hotel chain looking to sell these extra features. Averagedailyrate worldwide in 2024 stood at $178, or $44,856 per annum.
Overall occupancy levels remained flat, increasing by just 0.1 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. per cent year-over-year.
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. Understanding Hotel Business Intelligence Hotels create vast amounts of data. Hotel business intelligence steps in to address this question.
The right sales tactics can help increase revenue, boost occupancyrates , and ensure guests have a positive experience. This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between.
Notable growth rates include a 9.3% Market level hotel occupancyrates, averagedailyrates (ADR), and revenue per available room (RevPAR) across various regions are also detailed in the report. The data was extracted from Amadeus Navigator360™ on March 16, 2025.
To thrive in the unpredictable business environment is no mean feat. So, whether it is assessing yourself through a RevPAR formula or scoring yourself as an ADR hotel, you may have often wondered if these are enough and what those key performance metrics are that you must weigh your business on.
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.
Business travelers typically seek workspace-friendly rooms with fast Wi-Fi, while families require spacious accommodations with connecting rooms. Weekend getaway packages for couples, corporate rates for business travelers, and off-season discounts for retirees maximize booking potential.
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.
It covers everything about your hotel, from the look of your logo and the tone of your emails to the accuracy of your rates online. Consider a mid-scale hotel group that markets itself as “easy business travel”. Monitor your brand Set up alerts for brand mentions and review scores, then track them alongside occupancy and ADR.
In this blog, we’ll show you the hows and whys of ads in the hotel industry, and practical ways for your business to master it. Look at your booking window, averagedailyrate, and current occupancy trends to decide where your ad spend will have the most impact. Table of contents Why is hotel ad parity crucial?
While inbound international business travel remains a bright spot, domestic demand appears uneven. Muted occupancy growth : Projected occupancy is 63.1%, up just 0.1 ADR (AverageDailyRate) : Expected to increase 0.8% Mixed domestic corporate travel : Business travel within the U.S.
Focusing on the Wrong Metrics We agree on the importance of occupancyrates, understanding demand, and the need to track your competitors pricing, but the key to true success is revenue management is to analyze and understand ADR (AverageDailyRate) while improving the occupancy.
Through a seamless data exchange from Cloudbeds to STR, users will be able to track trends in occupancy, averagedailyrate (ADR), revenue per available room (RevPAR), and other essential metrics directly within their STR dashboard, facilitating data-driven decision-making.
The key to higher occupancyrates and maximized revenue ? This has hotels balance higher occupancy levels with the use of OTAs. Hotels listing on specialized platforms often see a 20% higher ADR (AverageDailyRate). Global Distribution Systems (GDS) – Used mainly for corporate travel bookings.
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
Through a seamless data exchange from Cloudbeds to STR, users will be able to track trends in occupancy, averagedailyrate (ADR), revenue per available room (RevPAR), and other essential metrics directly within their STR dashboard, facilitating data-driven decision-making.
OK, so you have decided to realize your dream and become a hotel entrepreneur, so now you need to start writing your hotel business plan. The next step would be to write a hotel business plan. But until you finish your business plan, you will not be able to get the financing either. Reach an annual occupancy of 90%”).
Cloudbeds is helping these businesses transform challenges into opportunities, proving that being independent doesn’t mean being alone. Together, we’re building a future where independent hospitality businesses don’t just survive with access to technology like Cloudbeds Intelligence, they lead the way forward.”
Amadeus Navigator360™ data reveals Western Europe – which includes Austria, Belgium, France, Germany, Liechtenstein, Luxembourg, Monaco, the Netherlands and Switzerland – recorded a modest increase in occupancy over the past year, rising from an average of 67% between May 2023-April 2024 to 68% between May 2024-April 2025. to $200.74.
Meanwhile, nationwide hotel occupancy reached 67.5% in 2023/24—the highest in a decade—with averagedailyrates hitting an all-time high of ₹8,055. What does this mean for you as a new hotelier ? Opportunity—but only if you can navigate this red-hot market with the right strategies and tools.
With occupancyrates 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.
ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. percent for group business compared to the same time in 2019. Group bookings are calculated using occupancy and averagedailyrate (ADR). markets have recovered 99.1
ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The fourth quarter of 2023 demonstrated that group business in 10 of the top U.S. Group bookings are calculated using occupancy and averagedailyrate (ADR).
The occupancy projection for this year was lowered 0.2% from the previous forecast, but projections for averagedailyrate (ADR) and revenue per available room (RevPAR) were lifted 1.5% downgrade in occupancy coupled with a 0.7% and 1.3%, respectively. For 2024, a 1.4% lift in ADR meant a RevPAR downgrade of 0.6%.
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
We have also seen incredible growth in yield (AverageDailyRate and RevPAR) and occupancy. AHICE Fiji provides an opportunity for investors, brands, landowners and the broader industry to meet and hear more of the incentives, ease-of-doing-business initiatives and appeal of setting up in Fiji.
Helped by a New Year’s Eve Sydney’s hotel industry, Sydney’s hotel industry recorded its highest monthly averagedailyrate (ADR) on record, according to December preliminary data from property analytics platform CoStar. In December 2023, Sydney hotels achieved occupancy of 77.1%, up 9.9% increase year over year.
Occupancy levels for the month of August were reported to be 80.7%, a 26.0% year-over-year increase, while the Averagedailyrate (ADR) was AU$261.83, up 9.0%. Daily data shows the highest occupancy level in Sydney (94.8%) was seen on Wednesday August 16, the day of the Australia vs. England semifinal.
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?
Over the past few months, Amadeus has been tracking the impact of the eclipse on hotel booking patterns across America using forward-looking business intelligence data from Demand360+ ®. Data suggests averagedailyrates (ADR) have also increased significantly because of the eclipse, averaging $170 more than the same day last year.
Demand for leisure and business travel across most key markets drove strong rate growth, with group-wide averagedailyrate (ADR) increasing by 10% compared with the previous year. Group-wide RevPAR rose 22% versus 2022, with Thailand reporting 73% growth and Europe and Americas reporting a 26% increase.
for group business compared to the same time in 2019, according to the Hospitality Group and Business Performance Index from Knowland and Amadeus. Group bookings are calculated using occupancy and averagedailyrate (ADR.) The third quarter of this year shows the top 25 U.S. markets have recovered 99.1%
Averagedailyrates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”.
The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and averagedailyrate (ADR) of $445. more supply in the market, a unique volume of demand is forecasted to push occupancy slightly higher than Phoenix’s last host year in 2015 (93.7%). Even with 11.7%
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