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Colliers - U.S. Hospitality Brand Performance Comparison Report | Q1 2024

Hospitality Net

The Average Daily Rate (ADR) and Revenue Per Available room (RevPAR) growth for the greater U.S. Occupancy rates trended downward, decreasing by 1.1% A slowdown in hotel room demand has been a partial influence behind the softening of the hospitality market’s operating fundamentals. respectively.

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STR, TE Update 2023 U.S. Hotel Forecast ADR and RevPAR Projections

Lodging

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2 percent and 1.3 percent and 1.3

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Exclusive: hotel market expansion to peak in next 12 months, says CBRE

Hotel Management

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.

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‘Tables have turned’: boutique hotels outperform big box internationals, CBRE reports

Hotel Management

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.

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Speakers revealed for inaugural AHICE Fiji Islands summit

Hotel Management

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.

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Hotel Spas Fill In Revenue Void During Recession - By Robert Mandelbaum and Tim Dick

Hotel News Resource

To assess the impact of hotel spa departments on recent hotel operations, we analyzed the performance of 139 U.S. hotels that operate a spa and participated in CBREs Trends survey each year from 2018 through 2022. In 2022, these 139 hotels averaged 63.5% occupancy, along with a $426.78

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NYU Conference: STR upgrades 2023 forecast, with ADR and RevPAR set to increase

Hotel Management

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). While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.