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CBRE: U.S. hotel performance impacted by moderate summer demand

Hotel Business

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.

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Colliers Releases its INNvestment Canada Hotel Report Q4 2024

Hotelier Magazine

Sixty percent of all 2024 hotel trades were valued under $10 million, and 43 per cent closed for less than $5 million, reflecting investor interest in smaller markets with attractive yields. Growth was largely driven by higher Average Daily Rates (ADR), which outpaced inflation. ADR growth is forecasted at 1.7

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Hotel Management Tips for New Hoteliers in India

Hotelogix

Let's be honest and take a real close look at how the Indian hospitality industry is evolving at breakneck speed. in 2023/24—the highest in a decade—with average daily rates hitting an all-time high of ₹8,055. Meanwhile, nationwide hotel occupancy reached 67.5%

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Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Hotel Management

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Investment volume is expected at THB9-10 billion, close to the 10-year average volume of THB11.7

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Hotel revenue management strategies and solutions

SiteMinder

Without it, your business is essentially forfeiting the ability to boost bookings, revenue and profit, offer competitive rates and promotions, and forecast effectively. This involves a thorough examination of competitors’ offerings, rates, amenities, and even guest reviews.

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International hotel bookings in Germany jump to 40% ahead of UEFA Euro 2024: SiteMinder

SiteMinder

With the surge of arrivals of international fans, the average daily rate for stays during the UEFA Euro season has grown by 11% throughout Germany to €214 – compared to €192 in the previous year. In Berlin, the average room rate has increased by 18% to reach €189, up from €160 in 2023.

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What is Yield Management: Guide for Hotels

SiteMinder

Learn more Yield management vs revenue management The goal of yield management is not merely to increase room rates or occupancy; rather, it’s to maximise your hotel’s revenue by forecasting your room supply and demand across a variety of key factors. This strategy aids in forecasting demand and resource planning.