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: ADR: US$155.62 (+4.3%)RevPAR:

Average Daily Rate 272

Average Daily Rate Occupancy Revenue Hotels 272

Hospitality Net

APRIL 29, 2024

hotel performance leveled out following three unstable weeks impacted by the total solar eclipse and Easter calendar shift. year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Market 244

Hospitality Net

MAY 1, 2023

Gains continue to be driven by average daily rate (ADR) while occupancy trails pre-pandemic comparables in most corners of the world.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes.

Average Daily Rate 202

Average Daily Rate Market Marketing Occupancy 202

Hospitality Net

FEBRUARY 12, 2024

year-over-year decrease in hotel demand and a 0.8% drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7% increase in average daily rates (ADR), resulting in a 1.9% increase in supply led to a 2.5% decrease in revenue per available room (RevPAR) during the quarter.

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

Hospitality Net

MARCH 21, 2024

Canada’s hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar’s February 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 186

Average Daily Rate Real Estate Occupancy Hotels 186

Hospitality Net

FEBRUARY 12, 2024

hotels took an expected seasonal pause with occupancy 1.0 Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9% percentage points (ppts) lower compared to the prior week and flat from a year ago.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

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 284

Forecasting Average Daily Rate Occupancy Tourism 284

Hospitality Net

SEPTEMBER 8, 2023

year over year in July, as growth in average daily rate (ADR) continued to decelerate and national occupancy declined for the fourth consecutive month. revenue per available room (RevPAR) grew just 0.8%

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

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

Hospitality Net

OCTOBER 11, 2023

Even though room rates remained flat in comparison with 2019 during the first half of the year, Japan posted elevated average daily rate (ADR) of JPY18,507.46 Japan’s hotel occupancy is still yet to reach full recovery, with July’s 73.4% average coming in at 88.3% That level was 126.9%

Average Daily Rate 230

Average Daily Rate Occupancy Hotels 230

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (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.

Average Daily Rate 274

Average Daily Rate Forecasting Occupancy Revenue 274

Hospitality Net

FEBRUARY 5, 2024

hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% increase in average daily rate (ADR). Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 percentage points (ppts).

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

Hospitality Net

FEBRUARY 19, 2024

hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% increase in average daily rate (ADR). occupancy fell 1.5 Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. and driven entirely by a 6.8% ppts as business slowed ahead of the big game.

Average Daily Rate 259

Average Daily Rate Occupancy Revenue Business 259

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. The positive revision is predicated on a 65-basis-point (bps) increase in expected occupancy compared with the previous forecast issued in February 2023.

Forecasting 261

Forecasting Average Daily Rate Occupancy Revenue 261

Hospitality Net

MARCH 24, 2024

Occupancy and average daily rate (ADR) were also steadily higher than last year. STR’s global "bubble chart" 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.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

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 percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. Hotel Forecast of 2024 appeared first on LODGING Magazine.

Forecasting 176

Forecasting Average Daily Rate Occupancy Tourism 176

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 293

Average Daily Rate Business Hospitality Occupancy 293

Hospitality Net

AUGUST 4, 2023

Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5% year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Hotel wage growth slowed in June but at 5.2% outpaced the national average of 4.7%. year-over-year, its slowest annual growth since Q1 2021.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

Hospitality Net

AUGUST 21, 2023

The rate of growth in occupancy, average daily rate and revenue per available room (“RevPAR”) decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories. to a June low of 4.7%. Q1 RevPAR increased 53.5%

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

NOVEMBER 17, 2023

NH Hotel Group (NH), part of Minor Hotels, generated €1.61 Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% billion of revenue in the first nine months of 2023, up 28.1% year-on-year. year-on-year and 25.2% compared to 9M19.

Average Daily Rate 189

Average Daily Rate Revenue Occupancy Hotels 189

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. This blog will provide a comprehensive guide to ADR, including why it’s so important and how your hotel can improve it. What is hotel ADR? Why is ADR important in the hotel industry? Table of contents.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

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 176

Average Daily Rate Business Occupancy Events 176

Amadeus Hospitality

MARCH 21, 2024

Over the past few months, Amadeus has been tracking the impact of the eclipse on hotel booking patterns across America using forward-looking business intelligence data from Demand360+ ®. Smaller towns like Erie and Burlington are seeing that 89% and 88% (respectively) of their hotel rooms are already booked (see chart below).

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

Hospitality Net

APRIL 11, 2023

hotel occupancy, which reached the second highest level of the year (66.2%), up 2.2 Average daily rate (ADR) of US$158 matched last week’s level and like occupancy, it was the second highest of the year so far. March concluded with an uptick in weekly U.S. percentage points (ppts) from a year ago, but 1.3

Average Daily Rate 217

Average Daily Rate Occupancy Hotels 217

Hospitality Net

AUGUST 11, 2023

S Hotels and Resorts PCL (SET: SHR), the global hospitality company from Singha Estate PCL (SET: S), announced accelerating total revenue from services of THB 4,821 million (+28% YoY), and jumping adjusted EBITDA of THB 1,112 million (+74% YoY) for the first half of 2023.

Average Daily Rate 180

Average Daily Rate Revenue Occupancy Resorts 180

Hospitality Net

MARCH 18, 2024

hotels continued to see week-on-week growth as the spring season blossoms, however, year-over-year growth stalled with revenue per available room (RevPAR) falling 2.8% via decreasing occupancy (-1.4ppts). Average daily rate (ADR) was also down (-0.6%

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Hotels 130

Hospitality Net

NOVEMBER 9, 2023

year-over-year decrease in Q3 hotel demand and 0.5% increase in supply led to a 1% drop in occupancy. The average daily rate (ADR) increased 0.6% Revenue per available room (RevPAR) decreased 0.3%, as the modest occupancy decline was partially offset by the rise in ADR.

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Hotels 113

Hospitality Net

DECEMBER 17, 2023

hotel occupancy reached 58.7%, up 4.5 Occupancy, however, was down 0.7 Average daily rate (ADR) increased 4.5% Average daily rate (ADR) increased 4.5% ADR has been driving RevPAR growth for most of 2023 even as occupancy has slipped. ppts versus last year.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Travel 130

Hospitality Net

DECEMBER 11, 2023

hotel occupancy reached 54.2%, an expected increase of 4.8 Average daily rate (ADR) increased 0.8% Moving past Thanksgiving, U.S. percentage points (ppts) compared to the prior week but down 0.9 ppts versus last year. year over year (YoY), which was insufficient to grow RevPAR (-0.8%).

Average Daily Rate 147

Average Daily Rate Occupancy Market Marketing 147

Hotel News Resource

MARCH 21, 2024

Canada's hotel industry reported a third consecutive month of occupancy declines but continued growth in average daily rate (ADR), according to CoStar's February 2024 data.

Average Daily Rate 40

Average Daily Rate Occupancy Hotels 40

Hotel Management

SEPTEMBER 14, 2023

August 2022 was a record month for Sydney hotels with the industry recording its highest monthly performance levels since March 2023, according to preliminary data from property analytics platform CoStar. Occupancy levels for the month of August were reported to be 80.7%, a 26.0%

Average Daily Rate 130

Average Daily Rate Occupancy Hotels Revenue 130

Hotel News Resource

MARCH 19, 2024

Hotels Report Higher Month-Over-Month Performance for February 2024 - Occupancy: 58.9% (-1.8%) - Average daily rate (ADR): US$158.23 (+3.9%) - Revenue per available room (RevPAR): US$93.19 (+2.0%) Article - U.S.

Average Daily Rate 81

Average Daily Rate Occupancy Revenue Hotels 81

Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. The occupancy projection for this year was lowered 0.2 percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 percent and 1.3

Forecasting 144

Forecasting Average Daily Rate Occupancy Tourism 144

Hotelier Magazine

APRIL 25, 2023

Hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR’s latest data from April 9 to 15. In comparison to the same week in 2022, occupancy came in at 64.2 per cent); Average Daily Rate (ADR) came in at US$155.33 (up 4.7

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64

Hospitality Net

FEBRUARY 12, 2024

The rate of growth in occupancy, average daily rate (“ADR”) and revenue per available room (“RevPAR”), while strong, continued to decelerate as the market moves on a path towards stabilization. 2023 RevPAR experienced a year-over-year increase of 16.5 percent, with Q3 seeing an increase of 13.6

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Market 113

Hotel News Resource

MAY 14, 2024

Japan's growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months - a function of a later opening post-pandemic, above-average inflation, and an influx of international demand.

Average Daily Rate 45

Average Daily Rate Occupancy Revenue Hotels 45