Hotel Management
JUNE 6, 2023
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 average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5%
Hotel Management
FEBRUARY 20, 2024
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. Trading should recover further, whilst real estate headwinds may ease.
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Hotelier Magazine
AUGUST 16, 2023
STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. Average Daily Rate (ADR) was upgraded 0.1 PARSIPPANY, N.J. —
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.
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. STR and Tourism Economics’ most recent forecast has been upgraded, with full-year ADR expected to be up 8.6 HENDERSONVILLE, Tenn. per cent to 75.6
Inn Quest
MARCH 23, 2023
The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.
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. Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze. Competition.
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