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As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotelmarket.
percent increase in RevPAR for 2025, with occupancy and averagedailyrate (ADR) rising by 14 basis points (bps) and 1.2 CBRE projected a 1.3 percent year-over-year, respectively. This represents slightly softer […] The post CBRE Forecasts Modest RevPAR Growth in 2025 appeared first on LODGING Magazine.
Hotels in Queenstown, Christchurch and Rotorua have enjoyed a strong start to the year with increased room rates, driven by an uptick in international visitors, while New Zealands main centres of Auckland and Wellington saw a decline. This follows a record averagedailyrate of NZ$673 that was reached on 31 December 2024.
hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in averagedailyrate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 percent and +1.8 percent, respectively. Occupancy for the year was raised 0.1 percent.
percent increase in RevPAR growth in 2025, with occupancy improving by 23 basis points and averagedailyrate (ADR) increasing by 1.6 CBRE forecasts a 2.0
HENDERSONVILLE, Tennessee—Las Vegas hotelaveragedailyrate (ADR) is forecasted to reach $573 for Feb. The market is projected for a Friday through Sunday night occupancy of 87.9 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.
More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW HotelMarket and Economic Outlook Update at Hilton Sydney.
Despite positive growth in Singapore, most Asia-Pacific markets reported lower RevPAR due to reduced AverageDailyRates (ADR). Tokyo’s inclusion in this list highlights its economic recovery and growing appeal among international travelers due to its affordability and favorable exchange rates.
The averagedailyrate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. RevPAR growth is expected to reaccelerate beginning in Q4 2024, supported by recent interest rate cuts, easing inflation and rising stock market trends. “The
Australia’s boutique hotelmarket is booming amid increased demand for unique and personalised stays. CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, AverageDailyRate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.
percent increase in RevPAR for 2025, with occupancy and averagedailyrate (ADR) rising by 14 basis points (bps) and 1.2 This represents slightly softer […] The post CBRE Hotels Forecasts Modest RevPAR Growth in 2025 appeared first on LODGING Magazine. CBRE projected a 1.3 percent year-over-year, respectively.
TORONTO — Avison Young has released its Canada HotelMarket Report: 2023 Review and 2024 Outlook. The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in AverageDailyRate (ADR), Revenue Per Available (RevPAR) and occupancy.
Let's explore how market segmentation can become your hotel's greatest competitive advantage through five essential aspects: Understanding the basics Identifying profitable segments Customizing services Implementing targeting strategies Measuring success.
“It comes as a result of the additional investment that we placed in both above and below the line marketing throughout 2020, because we knew the market would come back and we wanted to make sure that we were there front and centre when it did.”
With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotelmarket trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketing strategies this year.
“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.
“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 In the first nine months of 2024, Japan further established itself as the most attractive hotelmarket regionally.
Article - 74% of Global HotelMarkets Increased RevPAR to Start 2024 - Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher averagedailyrate (ADR) than last year.
STR's global update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and averagedailyrate (ADR) were also steadily higher than last year.
Averagedailyrate (ADR) in markets such as Dortmund skyrocketed during the tournament. The BVB Stadion Dortmund hosted six matches, including the England vs. Netherlands semifinal, which generated large spikes in revenue and occupancy.
In July 2024, the UK hotelmarket continued its strong performance with RevPAR levels significantly above those of 2019, driven by high occupancy rates and increased AverageDailyRates (ADR).
With rising inflation across the world, it’s not surprising that the averagedailyrate has risen, but it didn’t deter reservations in 2023. Increased rates didn’t deter consumers from traveling: AverageDailyRate (ADR) and Revenue Per Available Room (RevPAR) saw clear, positive movement.
Unique forward-looking hotel booking data from Amadeus shows high demand for travel across various cities for the upcoming holiday period which runs February 10-17th. According to Amadeus data, averagedailyrate (ADR) in the top destination of Jinghong is $320 USD, an 8% increase from the week of Chinese New Year 2023.
The rise – which saw travellers book their stays, on average, 32 days ahead of check-in compared to 19 days in the prior year – is the result of changing booking behaviours among travellers and far surpasses the 20% rise averaged in hotelmarkets globally.
The surge in hotel bookings during these high-profile events highlights how live concerts act as powerful economic drivers for cities. In fact, concert-goers often flood the local hotelmarket, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand.
When done effectively, personalization can help hotels earn more bookings, higher averagedailyrates (ADR) , and better online reviews. And it all starts with hotelmarket segmentation. What is hotelmarket segmentation? Use booking data to determine which market segments to target.
The averagedailyrate (ADR) in New York City for the championship’s finals weekend over 6-8 September has risen to $336. This is up from an average of $317 during the tournament period (26 August to 8 September), $290 across the summer, and $281 for the year-to-date.
For the past year, GCommerce has been utilizing Facebook and Display advertising for this luxury hotel, to showcase its stunning property and scenic vistas, inviting visitors to enjoy a relaxing vacation. With its high ADR (AverageDailyRate) and premium amenities, converting visitors through social advertising posed a challenge.
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 AverageDailyRate (ADR) goal.
hotels led the nation with a 12.9 per cent RevPAR increase, primarily due to a robust AverageDailyRate (ADR) increase of 7.6 per cent increase in RevPAR and an unprecedented occupancy rate of 93.7 Northeastern U.S. New York City, particularly, stood out with a 16.6 per cent, the highest since 2019.
By Nicole Di Tomasso According to Avison Young’s Canada HotelMarket Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as AverageDailyRate (ADR), Revenue Per Available Room (RevPAR) and occupancy.
Hotel investments come in many shapes and sizes. It could be that you’re buying a hotel business or investing in one you already own through things like property extensions and renovations, hotelmarketing, employee training and hotel software.
AverageDailyRate or ADR The AverageDailyRate or ADR is a popular KPI for hotel industry. The ADR is the averagerate 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.
For example, a high-end hotel may usually attract guests with no budget constraints, but in the off-season bookings will drop and the hotel has more flexibility to drop rates, attracting travellers who normally would not be able to afford the stay. To benchmark for this, the AverageRate Index is a good way of looking at this.
Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up. Hotel occupancy will increase 2.5% Hotelaveragedailyrate (ADR) is projected to grow by 4.9% million people.
Set Up GA4 for Hotel-Specific Metrics While GA4 provides a standard setup for website tracking, it is essential to configure it to capture hotel-specific metrics. Create custom events and goals within GA4 to track these metrics accurately, allowing you to measure your hotel's performance effectively.
Visit website HotelMarketing Strategist HotelMarketing Strategist was founded by Opal Gibson, an 18-year veteran of the hospitality industry who brings senior executive experience in the fields of sales, marketing and revenue management.
Recent industry data shows this risk-reward balance remains relevant – according to CoStar's latest data through April 5, 2025, hotels are seeing a modest 0.8% increase in RevPAR (Revenue Per Available Room) year-over-year, with ADR (AverageDailyRate) growing by 1.4% FAQs On Hotel Bidding Q1.
In this article, we’ll help you get to grips with what to look out for when choosing an agency in the hospitality sector, how hotel digital agencies can help you exceed your KPIs, as well as some great questions to ask during the selection process. That’s hotelmarketing 101! If this sounds like you, then read on!
Flash Report Flash Report presents the summary of hotel performance metrics. It provides a quick overview of key performance indicators (KPIs) such as occupancy rate, AverageDailyRate (ADR) , and Revenue per Available Room (RevPAR) for the previous day, week, month, or year (depending on the configuration).
Hotel branding is about creating a unique identity and emotional connection that sets your hotel apart. It’s the essence of your hotel, reflected in everything from your logo to the guest experience. Hotelmarketing is about promoting your hotel’s products and services to attract guests.
It can also be used as part of your marketing strategies to highlight the features guests love in hotelmarketing campaigns. Examples of KPIs include averageratings in reviews and surveys, departmental ratings, and review or survey volume, as well as Tripadvisor rankings, and Net Promoter Score (NPS).
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