Hotel Management

JANUARY 16, 2024

Sydney hotels had much cause to celebrate as 2023 drew to a close with record results achieved in the month of December. 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.

Average Daily Rate 130

Average Daily Rate Occupancy Closing Revenue 130

Hotel Management

JUNE 18, 2024

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. Now is definitely the right time for investment in Fiji.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Investment volume is expected at THB9-10 billion, close to the 10-year average volume of THB11.7

Real Estate 246

Real Estate Average Daily Rate Occupancy Market 246

Hotel Management

JANUARY 8, 2024

The newly-operational properties have displayed strong results since opening, with the Tokyo property, which opened at the end of November 2023, achieving a higher-than-expected average daily rate, surpassing anticipated occupancy, and achieving high guest reviews.

Average Daily Rate 265

Average Daily Rate Accommodation Scale Branding 265

Hotel News Resource

JANUARY 30, 2025

The end of the year has been favorable for European hospitality, with notable improvements in performance indicators, both in occupancy and average daily rates (ADR).

Average Daily Rate 59

Average Daily Rate Closing Hospitality Occupancy 59

Hotel Business

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR.) Corporate meetings dominate – Remote work continues to drive the need for small company gatherings to foster collaboration and culture building, as demonstrated by the fact that 70% of meetings in Q3 averaged less than 200 attendees.

Revenue 122

Revenue Average Daily Rate Events Business 122

Hotel Speak

JUNE 4, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. So what is it, Occupancy or Average Room Rate (ARR)?

Revenue Management 59

Revenue Management Occupancy Revenue Average Daily Rate 59

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. Occupancy or ADR? So what is it, Occupancy or Average Room Rate (ARR)?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Hotel Business

OCTOBER 20, 2023

Average daily rate +4.1% vs 2019; occupancy +4.1%pts Group-wide occupancy was 72%, just one percentage point behind 2019 which further confirms the near-complete return to pre‑Covid levels of demand. Occupancy was 72%, up 0.7% vs 2019), while rate was up 3.1% (up 14.8% Occupancy was 73%, up 4.7%

Pipeline 110

Pipeline Average Daily Rate Occupancy Branding 110

Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130

Scale Construction Average Daily Rate Hotels 130

SiteMinder

MAY 16, 2023

Additional data from SiteMinder’s Hotel Booking Trends indicated that the average length of stay is also on the rise, with 2022 recording longer stays than previous years. This was particularly true for Spain in summer, which had the longest average stay length in August. Let’s examine some of them more closely.

Average Length of Stay 106

Average Length of Stay Occupancy Average Daily Rate Revenue 106

Hotel Speak

AUGUST 13, 2024

From searching to booking, guests are influenced by an average of 38 websites before making a reservation. Therefore, ensuring it’s easy for guests to book, whether direct or through third parties, is paramount to fulfilling a successful occupancy strategy and higher Average Daily Rate (ADR) goal.

Revenue 104

Revenue Sales OTA Average Daily Rate 104

Amadeus Hospitality

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). Corporate meetings dominate – Remote work continues to drive the need for small company gatherings to foster collaboration and culture building, as demonstrated by the fact that 70% of meetings in Q3 averaged <= 200 attendees.

Average Daily Rate 59

Average Daily Rate Business Revenue Events 59

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. This means monitoring market trends and travel patterns closely to determine who is traveling and how best to capture the business.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Market Share 52

Hotel Management

JULY 3, 2024

Compared to 2019, Fiji’s Average Daily Rate (ADR) is 71% higher than it was in 2019 at AU$461, according to STR’s Regional Director Matt Burke in his exclusive AHICE outlook, and that is resulting in record results for owners and operators across the nation. Then again, it’s even hotter than you thought.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

Amadeus Hospitality

AUGUST 1, 2023

The Index also includes filters to view top event market segments and industries booking group events, allowing hoteliers, DMOs and CVBs to closely track trends and adapt their business strategies accordingly.

Average Daily Rate 52

Average Daily Rate Revenue Business Market 52

SiteMinder

OCTOBER 9, 2023

These metrics encompass a wide range of areas, from financial figures like revenue per available room (RevPAR) and average daily rate (ADR) to operational aspects such as occupancy rates and guest satisfaction scores. It can be calculated by multiplying your average daily rate by your occupancy rate.

Average Daily Rate 59

Average Daily Rate Average Length of Stay Occupancy Revenue 59

Hotelogix

JANUARY 30, 2024

Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis. The report also offers insights into occupancy percentages, Revenue Per Available Room (RevPAR), and average rates.

Occupancy 59

Occupancy Average Daily Rate Cancellation Hotels 59

SiteMinder

JUNE 2, 2024

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.

Average Daily Rate 59

Average Daily Rate Revenue Forecasting Revenue Management 59

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. The minute you close your guest’s door after showing them their room, you can almost guarantee they will be jumping on the bed to test it out. Your occupancy rates?

ROI 98

ROI Average Length of Stay Hotels Revenue 98

Hotelier Magazine

DECEMBER 19, 2023

hotel occupancy reached 54.2 Average daily rate (ADR) increased 0.8 per cent) as occupancy was flat to last year. The weekend and shoulder periods produced declines in both occupancy and ADR, resulting in RevPAR declines of 3.3 These markets also experienced the highest weekday occupancy. reached 66.8

Occupancy 52

Occupancy Average Daily Rate Hotels Market 52

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Hotelogix

OCTOBER 14, 2023

Hoteliers across the world, in order to optimise their operations and enhance their profits, closely monitor their KPIs. These KPIs range from the daily operations to financial performance to sales and marketing and customer service. Average Daily Rate or ADR The Average Daily Rate or ADR is a popular KPI for hotel industry.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Little Hotelier

JUNE 4, 2023

What is Airbnb occupancy rate? Airbnb defines its occupancy rate as “ the number of nights booked divided by total nights available to be booked across all relevant listings. Generally, occupancy rate describes the percentage of hotel rooms that are occupied. Why is occupancy rate important for Airbnb hosts?

Occupancy 52

Occupancy Average Daily Rate Accommodation Revenue 52

SiteMinder

JUNE 12, 2024

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 aims to ensure maximum occupancy.

Yield Management 98

Yield Management Management Revenue Management Revenue 98

Hotel Speak

JULY 19, 2024

They realize that the earlier they book the lower the rates are going to be. If group business has a lower average daily rate (ADR) than transient, which it always does, do you put the group on the books in advance and sell the remaining rooms to transient at a higher rate? They can be ambitious with their rates.

Revenue 83

Revenue Management Revenue Management Average Daily Rate 83

SiteMinder

JULY 13, 2024

Most OTAs – in particular, those with global reach – have automated tools which regularly check to ensure that hotels are offering guests who visit their website the best available rate and monitor rate parity. While the average daily rate of the hotel will be lower, occupancy will remain steady and still work to maximise revenue.

Revenue Management 98

Revenue Management Revenue Management OTA 98

SiteMinder

DECEMBER 7, 2023

This strategy is crucial for enhancing both occupancy rates and the average daily rate (ADR), directly influencing the hotel’s financial performance. Table of contents Why does hotel rate management matter? Higher occupancy rates : Pricing rooms correctly plays a pivotal role in driving occupancy.

Management 59

Management Average Daily Rate Occupancy Revenue 59

Cloudbeds

JANUARY 17, 2024

For example, when Beyonce visited Cardiff in May 2023, hotel occupancy reached 95.7%, and average daily rate hit GBP 200.15, an all-time high for each metric. As this number continues to grow among travelers for hotel bookings, lodging operators must ensure that rate parity is maintained across all channels.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

Cloudbeds

MAY 31, 2023

For the hotel business, rate shopping is an integral part of a dynamic pricing strategy , providing valuable insights into competitor rates. By monitoring market pricing intelligence, hotels can stay apprised of opportunities to flex pricing power, increase ADR (average daily rate), and lower pricing to increase occupancy.

Shopping 52

Shopping Revenue Management Average Daily Rate Revenue 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93.

Occupancy 59

Occupancy Hotels Revenue Average Length of Stay 59

Hotelogix

AUGUST 21, 2024

Specifically, the night audit process evaluates and closes daily cash flow into and out of the hotel's account. The most convenient time to perform them is between the late evening and early morning—just after the business day closes. The night audit process aims to collate revenue against various revenue heads.

Revenue 52

Revenue Rack Rate Average Daily Rate Hotels 52

Amadeus Hospitality

JUNE 27, 2023

The Index also includes filters to view top event market segments and industries booking group events, allowing hoteliers and DMO/CVBs to closely track trends and adapt their business strategies accordingly. Each factor is averaged to provide a final index score, ensuring a more accurate assessment of overall performance.

Business 52

Business Hospitality Events Average Daily Rate 52

MBA Hotels

SEPTEMBER 12, 2018

According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. More likely to close than deals made directly between seller and buyer.

Net Operating Income 40

Net Operating Income Closing Average Daily Rate Hotels 40

SiteMinder

SEPTEMBER 10, 2023

This should include room occupancy rates, average daily rates (ADR), revenue per available room (RevPAR), and customer acquisition costs. Factor in any planned rate adjustments, special promotions, or loyalty programmes. Here are the steps involved: 1.

Revenue 59

Revenue Revenue Management Hotels Average Daily Rate 59

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules. This not only encourages repeat business but also helps your hotel keep a consistent occupancy rate.

Operations 52

Operations Management OTA Hotels 52