Lodging

JULY 16, 2024

TROY, Michigan—With an average daily rate (ADR) for a U.S. hotel room of $158.45 in October 2023 —virtually every traveler in every hotel price bracket is paying more for a hotel room. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms appeared first on LODGING Magazine.

Average Daily Rate 290

Average Daily Rate Travel Hotels 290

Hotel Management

NOVEMBER 19, 2024

Hotels in Asia-Pacific with water park amenities achieve higher revenues and guest satisfaction, demonstrating the growing trend of aquatic attractions as key to enhanced resort performance. For instance, data reveals that hotels in Asia-Pacific with WhiteWater installations achieved a RevPAR 119.6% higher than regional averages.

Average Daily Rate 130

Average Daily Rate Revenue Hotels Resorts 130

Lodging

SEPTEMBER 10, 2024

Powering hotels can be expensive. Energy accounts for 6 percent of all operating costs; on average, U.S. hotels spend $2,196 annually per available room on this line item, according to a report from the EPA’s ENERGY STAR program. But energy efficiency brings benefits beyond boosting the bottom line.

Average Daily Rate 289

Average Daily Rate Services Operations Hotels 289

Lodging

MAY 16, 2025

percent increase in RevPAR for 2025, with occupancy and average daily rate (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.

Forecasting 162

Forecasting Average Daily Rate Occupancy Revenue 162

Lodging

NOVEMBER 20, 2023

HENDERSONVILLE, Tennessee—STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023. Recent RevPAR trends demonstrate that rate continues to be the primary driver of performance.

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

Hotel Management

APRIL 21, 2025

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 average daily rate of NZ$673 that was reached on 31 December 2024.

Average Daily Rate 130

Average Daily Rate Occupancy Tourism Forecasting 130

Lodging

JANUARY 18, 2024

hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: WASHINGTON—The U.S. ADR: US$155.62 (+4.3%)RevPAR:

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

Lodging

MAY 18, 2023

DALLAS—CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. Average daily rate (ADR) […] The post CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth appeared first on LODGING Magazine.

Forecasting 264

Forecasting Average Daily Rate Occupancy Revenue 264

Lodging

OCTOBER 19, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.

Average Daily Rate 299

Average Daily Rate Business Hospitality Occupancy 299

Lodging

FEBRUARY 21, 2025

percent increase in RevPAR growth in 2025, with occupancy improving by 23 basis points and average daily rate (ADR) increasing by 1.6 CBRE forecasts a 2.0

Forecasting 179

Forecasting Average Daily Rate Occupancy Revenue 179

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR. The market is projected for a Friday through Sunday night occupancy of 87.9

Average Daily Rate 278

Average Daily Rate Forecasting Occupancy Revenue 278

Hotel Management

MAY 15, 2025

RevPAR increase across the nations hotels during the month of April, according to Horwath HTL and Hotel Council Aotearoa data. The latest report, New Zealand Hotel Performance Focus, shows that this growth was achieved despite ongoing declines in key urban markets such as Auckland and Wellington.

Average Daily Rate 165

Average Daily Rate Travel Occupancy Accommodation 165

Hotel Management

FEBRUARY 27, 2025

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Pipeline Tourism 130

Hotel Management

NOVEMBER 21, 2024

More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW Hotel Market and Economic Outlook Update at Hilton Sydney. The post NSW hoteliers buoyed by AA market outlook appeared first on Hotel Management.

Marketing 130

Marketing Market Average Daily Rate General Manager 130

Hotel Business

NOVEMBER 15, 2024

hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. The average daily rate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. In Q3 2024, hotel demand declined 0.1% CBRE now forecasts a 0.5%

Average Daily Rate 111

Average Daily Rate Forecasting Occupancy Hotels 111

Hotel News Resource

MAY 21, 2025

Hotel Industry Records Mixed Performance in April 2025, CoStar Data Reveals - The U.S. hotel industry reported a slight decline in occupancy rates in April 2025, with average daily rates showing a modest increase. Article - U.S.

Average Daily Rate 79

Average Daily Rate Occupancy Hotels 79

Hotel Management

JUNE 15, 2023

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 hotel market.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Marketing Market 276

Hotel Management

MAY 8, 2024

Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. Accommodation Australia National Chair, David Mansfield, said the move will have a direct impact on hotels.

Tourism 264

Tourism Average Daily Rate Accommodation General Manager 264

Lodging

JANUARY 23, 2024

hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS). For 2024, growth in average daily rate (ADR) was raised by 0.1 For 2025, growth projections for each of the key performance metrics were downgraded due to the long-term, average trends beginning to […] The post STR, TE Adjust First U.S.

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

Hotel News Resource

JUNE 6, 2025

April 2025 saw a generally positive trend in the hotel industry across the Asia Pacific, with 10 out of 16 major countries reporting growth in occupancy, average daily rate (ADR), and revenue per available room (RevPAR).

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Amadeus Hospitality

MAY 22, 2025

May 22, 2025: AMT (By FANGCANG Group), the corporate hotel management and advertising platform, will support hotels to directly advertise to targeted corporate customers and travel management companies. This partnership reflects our focus to meet the unique needs of our hotel partners.

Occupancy 101

Occupancy Average Daily Rate General Manager Hotels 101

Hotelier Magazine

APRIL 16, 2025

According to data from CoStar, Canadas hotel industry witnessed a record-breaking performance in February 2025, with the highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any February to date. HENDERSONVILLE, Tenn. The ADR for February was $189.27, a 4.2-per-cent per-cent rise. per cent, a 5.5-per-cent

Average Daily Rate 59

Average Daily Rate Occupancy Revenue Hotels 59

Lodging

MAY 16, 2025

percent increase in RevPAR for 2025, with occupancy and average daily rate (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.

Forecasting 147

Forecasting Average Daily Rate Occupancy Revenue 147

Hotel Management

JUNE 29, 2023

Australia’s boutique hotel market 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, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Lodging

JANUARY 26, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The fourth quarter of 2023 demonstrated that group business in 10 of the top U.S. markets has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182

Hotel News Resource

JUNE 2, 2025

hotels experienced slight declines in occupancy but increases in average daily rates and revenue per available room. For the week ending May 24, 2025, U.S.

Average Daily Rate 45

Average Daily Rate Occupancy Revenue Hotels 45

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

Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 Hotel Forecast ADR and RevPAR Projections appeared first on LODGING Magazine.

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel News Resource

JUNE 12, 2025

During the week of June 1&7, 2025, hotel occupancy across the United States was 67.0%, a decrease of 3.2% The average daily rate (ADR) remained stagnant at $161.57, showing no year&over&year growth. from the same week in 2024.

Average Daily Rate 49

Average Daily Rate Occupancy Hotels 49

Hotel Speak

APRIL 18, 2025

And hotels and resorts have definitely caught on to this, offering tons of discounts to get people to book. But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. Okay, so we all love a good deal, right?

Revenue 93

Revenue Average Daily Rate Revenue Management Hotels 93

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%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Lodging

MAY 8, 2023

First quarter worldwide RevPAR grew 34 percent year over year, with meaningful gains in both occupancy and average daily rate. Anthony Capuano, president and CEO, said, “We are off to a great start in 2023. International markets were particularly robust, with RevPAR growth of 63 percent.

Average Daily Rate 162

Average Daily Rate Occupancy Market Marketing 162

Hotel Management

JUNE 11, 2024

Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive. The post Speakers revealed for inaugural AHICE Fiji Islands summit appeared first on Hotel Management. Register for the 2024 event now.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel News Resource

OCTOBER 21, 2024

Hotels in cities across the UK are experiencing a significant boost in bookings and average daily rates (ADR) as Kylie Minogue’s 2025 Tension tour approaches, according to new data from SiteMinder

Average Daily Rate 108

Average Daily Rate Hotels 108

Amadeus Hospitality

MAY 8, 2025

The Index combines event data from Knowland by Cendyn with hotel booking data from Amadeus Demand360 business intelligence solution to provide aggregate views of the key drivers of hotel performance. percent increase in average daily rate (ADR) with ten consecutive quarters of growth. percent Philadelphia 117.1

Events 70

Events Average Daily Rate Global Distribution System Business 70

Hotel News Resource

MAY 15, 2023

Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.

Average Daily Rate 114

Average Daily Rate Revenue Hotels 114

Hotel News Resource

NOVEMBER 20, 2023

STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2023.

Average Daily Rate 111

Average Daily Rate Forecasting Tourism Revenue 111