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New Years Eve gave Sydney hotels plenty of cause for celebration on December 31. Sydney hotels pulled in record high averagedailyrate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% for December 2024, up 2.1%
NASHVILLE—STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024. For 2024, projected gains in averagedailyrate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 Occupancy for the year was lowered 0.1 percentage points to +1.5
Perth posted its highest June averagedailyrate (ADR) and revenue per available room (RevPAR) on record, driven by sporting events and concerts, according to preliminary data from CoStar. Hoteloccupancy was its highest for the month of June since 2015 at 77.7% for the month, up 8.6% and AU$183.59, respectively.
Accommodation Australia has released its mid-year hotel room report card for 2025, showing improved occupancy across the board but drops in averagedaily revenue for major cities. increase in averagedaily room revenue for the six months.” Hobart also experienced a healthy 3.8%
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 industry reported record-high averagedailyrate (ADR) and revenue per available room (RevPAR), but the countrys growth rate was its lowest since the declines of 2020, according to CoStars 2024 year-end data. percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 3.3
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 occupancyrates sit at 71%, up 2% year-on-year, while averagedailyrate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%
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.
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. decline in occupancy.
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 hotel market, with occupancyrates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand.
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.
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.
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 Occupancy for the year was raised 0.1 Occupancy for the year was raised 0.1
According to data from CoStar, Canadas hotel industry witnessed a record-breaking performance in February 2025, with the highest AverageDailyRate (ADR) and Revenue Per Available Room (RevPAR) for any February to date. However, the occupancyrate was slightly lower at 57.7 HENDERSONVILLE, Tenn.
What is hotel terminology? Hotel terminology is the specialised vocabulary and shorthand that hospitality professionals use to describe rooms, rates, technology, and performance metrics. Table of contents Why is hotel terminology important for hoteliers? Learn more What abbreviations should you know?
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, averagedailyrate (ADR), and revenue per available room (RevPAR).
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. So, what else can you do?
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.
Without inventory controls, hotels risk undermining their overall performance, especially during compression periods. Consider the risk of accepting high-rated, short-stay bookings that displace lower-rated, longer-stay guests. On paper, the rate appears profitable but in practice, it may compromise total revenue.
Hotel Industry Performance for June 2025 - Averagedailyrates show slight growth despite an overall decline in occupancy. Article - Mixed Signals in U.S.
TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. Overall occupancy levels remained flat, increasing by just 0.1 per cent year-over-year.
Canada's hotel industry experienced year&over&year growth in occupancy, averagedailyrate (ADR), and revenue per available room (RevPAR) for the second month in a row.
The study finds that two-thirds of hotel guests (63%) are willing to pay extra for features such as a specific view or floor, to have an Xbox in their room or to have local attractions added to their package. The channels now driving travel are changing too.
hotels experienced slight declines in occupancy but increases in averagedailyrates and revenue per available room. For the week ending May 24, 2025, U.S.
Hotel distribution today is a different game. The New Age of Hotel Distribution 2. Move Beyond Syncing, Start Scaling 1) The New Age of Hotel Distribution The hotel distribution landscape has changed. A drop below 30% occupancy? Your rates drop automatically to drive last-minute bookings, across all OTAs.
In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success. The right sales tactics can help increase revenue, boost occupancyrates , and ensure guests have a positive experience.
Occupancyrates increased to 70.5%, marking a 1.3% The averagedailyrate (ADR) climbed by 2.0% rise from the same week in 2024. to $163.77, while revenue per available room (RevPAR) saw a 3.3% boost, reaching $115.39.
hoteloccupancy dips in June as business travel remains sluggish Weekday travel demand continues to underperform leisure-driven weekends, reflecting a weak corporate travel environment Jul 23, 2025 U.S. Key takeaways Occupancy decline: U.S. hoteloccupancy fell 1.7 percent year over year to 68.5 percent in June.
hotel industry experienced a downturn in key performance metrics for the week ending July 12, 2025, with overall declines in occupancy, averagedailyrate (ADR), and revenue per available room (RevPAR).
But convincing large hotel chains to make the shift to cloud technology wasnt straightforward. That means guests returning to the same hotel brand in a different city are treated like first-timers. These metrics signalled a strong return on investment for hotels looking to modernise their tech stack.
Notable growth rates include a 9.3% Market level hoteloccupancyrates, averagedailyrates (ADR), and revenue per available room (RevPAR) across various regions are also detailed in the report. It offers actionable insights and data-driven strategies to navigate the dynamic market landscape.
Hotel Industry Records Mixed Performance in April 2025, CoStar Data Reveals - The U.S. hotel industry reported a slight decline in occupancyrates in April 2025, with averagedailyrates showing a modest increase. Article - U.S.
This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses. In this article, we break down this key metric for hotels, providing tips to improve profitability and how technology can simplify reporting. Rent costs. Restructuring costs. in H1 2023.
Hotel Industry Faces Challenges With Declines in Key Performance Metrics for the Week Ending 31 May - For the week ending May 31, 2025, U.S. hotels experienced a downturn in occupancy, averagedailyrate, and revenue per available room. Article - U.S.
What is a hotel ad? A hotel ad is any paid placement used by a hotel to promote its rooms, offers or brand, typically through online platforms like Google Hotel Ads , OTAs (online travel agents), metasearch engines, and social media channels. But not all hotel ads are created equal. Each platform has its own rules.
Ever wondered why some hotels consistently outperform their competitors, even in challenging market conditions? Successful hotels focus on understanding and serving specific guest segments instead of trying to be everything to everyone.
During the week of June 1&7, 2025, hoteloccupancy across the United States was 67.0%, a decrease of 3.2% The averagedailyrate (ADR) remained stagnant at $161.57, showing no year&over&year growth. from the same week in 2024.
So, whether it is assessing yourself through a RevPAR formula or scoring yourself as an ADR hotel, you may have often wondered if these are enough and what those key performance metrics are that you must weigh your business on. Include these hotel industry KPIs today and see a definite growth.
Picture a system that displays your hotel's current status and forecasts its future. This is what hotel business intelligence software accomplishes. This guide will explore how hotel business intelligence operates, why it matters, and how it can boost your hotel management. You need real facts to decide things.
A travel brand is an entity that makes a promise to guests about the experience they will have during their stay at a hotel, and the proof that is delivered at every touchpoint. It covers everything about your hotel, from the look of your logo and the tone of your emails to the accuracy of your rates online.
It provides a platform for hotels and travel companies to advertise their offerings to a broad marketplace. For hotels, its a chance to have their inventory advertised to thousands of travel providers such as traditional travel agents, tour operators, or package sellers. How many hotels use Amadeus GDS? What is Amadeus GDS?
As competition in the hospitality industry continues to intensify, hotels are looking for new ways to differentiate themselves and build guest loyalty. Why Wellness is a Game-Changer for Hotels Wellness tourism is no longer a niche marketits a thriving industry projected to reach $1.3 trillion by 2025, growing at a rate of 9.9%
Overall, the industry saw slight year&over&year improvements, with occupancy at 69.5% (a minor decrease of 0.1%), an averagedailyrate (ADR) of $161.00 (up by 0.5%), and a revenue per available room (RevPAR) of $111.90 (a 0.4% increase).
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