SiteMinder

MARCH 16, 2025

With occupancy rates projected to increase by 2.5% in 2024 and the average daily rate (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.

Operations 52

Operations Management General Manager Hotels 52

Hotel Management

JUNE 6, 2023

The occupancy projection for this year was lowered 0.2% from the previous forecast, but projections for average daily rate (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%.

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 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. While still early days in 2024, high-rate growth in recent years and occupancies continuing to rise should sustain interest in Southeast Asia hotels.

Real Estate 246

Real Estate Average Daily Rate Occupancy Market 246

Hotel Business

FEBRUARY 10, 2023

The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (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%

Forecasting 105

Forecasting Average Daily Rate Occupancy Consumer 105

Hotelier Magazine

JULY 26, 2024

WASHINGTON — Canada’s hotel industry achieved continued performance gains through Average Daily Rate (ADR), according to CoStar’s June 2024 data. June 2024 (percentage change from 2023) Occupancy: 74.5 per cent) Average Daily Rate (ADR): $231.04 (up 3.7 per-cent decrease in transient rates.

Average Daily Rate 69

Average Daily Rate Occupancy Hotels Consumer 69

Hotelier Magazine

MAY 28, 2024

WASHINGTON — After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7 per cent) Average Daily Rate (ADR): CA$188.39 (up 5.1 per cent above 2023.

Occupancy 52

Occupancy Average Daily Rate Hotels Consumer 52

Boutique Hotel News

APRIL 4, 2023

The data, produced by Hotstats and analysed by RSM UK, shows that average daily rates (ADRs) of occupied rooms have increased from £121.74 (January) to £128.94 (February) in the UK and from £185.43 UK hotel occupancy rates were up from 56.1 Occupancy levels are yet to reach pre-pandemic volumes of 69.6

Average Daily Rate 97

Average Daily Rate Consumer Occupancy Hotels 97

Hotel Speak

JANUARY 25, 2024

With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023. With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023. For the U.S.

Average Daily Rate 103

Average Daily Rate Revenue Travel Upsell 103

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Occupancy or ADR? So what is it, Occupancy or Average Room Rate (ARR)? It boils down to something like this: ‘But if we would do 5% lower occupancy, at a 5% higher ADR, would we not make more profit?’

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

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

Hotelier Magazine

NOVEMBER 26, 2024

WASHINGTON — Canadian hotels witnessed a significant landmark in October 2024, as the Average Daily Rate (ADR) surpassed $200 for the first time ever, according to data from CoStar. October’s occupancy rate was 68.5 Among the provinces and territories, Nova Scotia reported the highest occupancy level at 74.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

Hotelier Magazine

AUGUST 29, 2023

. — Canada’s hotel industry reported its highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any month on record, according to CoStar’s July 2023 data. In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. per cent to 75.6 per cent), down 1.8

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotelier Magazine

JANUARY 25, 2024

WASHINGTON — Canada’s hotel Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 per cent (up 7.7 per cent (up 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

Hotelogix

JULY 18, 2024

It is an essential practice for hoteliers and revenue managers to optimize pricing, maximize occupancy, and enhance overall profitability. It involves forecasting key metrics such as demand, occupancy, average daily rate, and RevPAR (revenue per available room). How do we Forecast Hotel Occupancy?

Forecasting 52

Forecasting Average Daily Rate Occupancy Revenue Management 52

Hotelier Magazine

JUNE 27, 2024

May 2024 (percentage change from 2023): Occupancy: 69 per cent (up 0.2 per cent) Average Daily Rate (ADR): CAD$206.39 (up 4.5 per cent) “Improvement in Canada’s hotel room rates drove a RevPAR lift in May,” says Laura Baxter, CoStar Group’s director of Hospitality Analytics for Canada. While group occupancy fell 5.5

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotelier Magazine

AUGUST 16, 2023

per-cent downgrade in occupancy growth. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. per-cent downgrade in occupancy. Average Daily Rate (ADR) was upgraded 0.1 per cent, due to a 0.6- per cent on a 0.5-per-cent

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Amadeus Hospitality

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). Key insights from the Index are as follows: Group business was up across key metrics – Q4 group business achieved a 110 percent health index by consuming 95.5 percent of the group rooms sold in 2019 and increasing the average rate by 14.8

Average Daily Rate 59

Average Daily Rate Business Events Hospitality 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. Despite higher prices, consumers have demonstrated a determination to travel and a desire for distinctive experiences only hostels can provide. “As

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Market Share 52

Amadeus Hospitality

MAY 23, 2023

These expectations are catalysts for change as today, personalization tops the agenda, with consumers seeking customizable offers when it comes to booking travel. Global hotel average daily rates (ADR) are also above pre-pandemic levels, standing at US$216 for June this year, compared to US$184 in the same month of 2019.

Travel 59

Travel Average Daily Rate Occupancy Consumer 59

Hotelogix

MAY 1, 2025

In an increasingly competitive market, evaluating performance through accurate hotel KPIs allows hoteliers to make proactive decisions that directly influence occupancy, guest satisfaction, and profitability. Average Daily Rate (ADR) ADR shows the average income earned from rooms sold, offering insight into pricing effectiveness.

Occupancy 59

Occupancy Average Length of Stay Average Daily Rate Revenue 59

Cloudbeds

OCTOBER 9, 2024

In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings. This competition affects market share projections and pricing strategies.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

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

Hotelogix

OCTOBER 14, 2023

Average Daily Rate or ADR The Average Daily Rate or ADR is a popular KPI for hotel industry. The ADR is the average rate at which each room at the hotel was sold on a given day. It is calculated by taking the Average room revenue and dividing it by the total number of rooms sold.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

SiteMinder

JULY 13, 2024

It involves the use of data and analytics to help you keep track of supply and demand so you can make predictions on consumer behaviour. 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. Revenue managers have a tough gig!

Revenue Management 98

Revenue Management Revenue Management OTA 98

STAAH

JULY 8, 2024

The hospitality industry faces seasonal challenges and fluctuating market conditions, including reduced consumer spending and increased competition. Here’s a comprehensive guide to help accommodation providers optimize their efforts and maintain steady occupancy rates during economic downturns.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

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

Cloudbeds

MARCH 23, 2023

These days, more consumers are going online to make purchases, and travel is no exception. Popular eCommerce platforms like Amazon and Uber have raised the bar, conditioning consumers to expect shopping online to be simple, fast, and secure. Moreover, a hotel room can’t be returned if it doesn’t meet expectations.

OTA 98

OTA Digital Marketing Market Marketing 98

Hotelogix

AUGUST 21, 2024

Reconcile room status The night auditor must evaluate and analyze a particular day's occupancy report and the housekeeping room status report to determine a hotel's correct occupancy status. While doing it manually will be time-consuming and error-prone, a Hotel PMS automates the whole process.

Revenue 52

Revenue Average Daily Rate Rack Rate Hotels 52

TravelNet

AUGUST 28, 2023

Now, you can make data-driven decisions based on understanding and leveraging, among other metrics, your average daily rate (ADR), revPAR, and occupancy rates—all without toggling off your Track screen.

Average Daily Rate 52

Average Daily Rate ROI OTA Revenue Management 52

Cloudbeds

APRIL 30, 2024

A brief history of room price optimization Given the multitude of factors to consider and the analysis required, establishing accurate real-time room prices for your property may seem complex and time-consuming. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue 52

Revenue Revenue Management Occupancy Hotels 52

Clock Software Hospitality

JANUARY 12, 2021

While some of the popular sites like Booking.com and AirB&B are seeing a significant hit in interest, they have a unifying function which consumers appreciate, so with travel picking up once again, so will OTA bookings. SUPPLY Will the pandemic render online travel agencies obsolete?

Hospitality 52

Hospitality Average Daily Rate Events Scale 52

MediaBoom

AUGUST 6, 2024

The ability to specialize in one field can help you attract more consumers by meeting their unique demands. They shape consumer perceptions , influence booking decisions , and directly impact a hotel’s reputation. Build Consumer Trust Whatever you feel about Starbucks, you can contest that they’re trustworthy.

Branding 98

Branding Hotels Services Market 98

SiteMinder

MARCH 13, 2025

This is a time consuming process and can often take weeks or months to complete. Projections : An estimate will be given in terms of how much revenue the hotel can generate – this might include metrics such as average daily rate or occupancy. Are there templates and samples for hotel feasibility studies?

Average Daily Rate 52

Average Daily Rate Market Research Target Marketing Hotels 52

Amadeus Hospitality

SEPTEMBER 6, 2023

Originally pubilshed on PhocusWire Positive momentum continues for the travel industry as global hotel occupancies rapidly return to 2019 levels, with many key destinations having already surpassed pre-pandemic performance this year, according to Amadeus’ Demand360 ® data.

Average Daily Rate 52

Average Daily Rate Global Distribution System Hotels Online Marketing 52

Cloudbeds

JUNE 5, 2024

How your online reputation impacts pricing strategies Your online reputation has a significant impact on occupancy and profitability. This, in turn, leads to more visitors, conversions, and, finally, higher occupancy rates. without harming its occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Average Daily Rate 52

Inn Quest

MARCH 23, 2023

The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates. On the bright side, the three cities are recovering. Industry performance soared during Q1 and Q2 of 2022 due to the relaxing of travel restrictions. According to Tourism Australia, there were 2.2

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52