Hospitality Net

APRIL 10, 2024

The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.

Average Daily Rate 200

Average Daily Rate Real Estate Revenue Hotels 200

Hospitality Net

NOVEMBER 17, 2023

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

Average Daily Rate 189

Average Daily Rate Revenue Occupancy Hotels 189

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

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 272

Average Daily Rate Occupancy Revenue Hotels 272

Hospitality Net

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.

Forecasting 273

Forecasting Average Daily Rate Tourism Revenue 273

Hospitality Net

FEBRUARY 12, 2024

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

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

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% year over year (YoY), resulting in a gain in revenue per available room (RevPAR) of 1.7%. Even with this year’s decrease, average daily rate (ADR) continued to grow, up 1.9%

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

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

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Hotels 239

Hospitality Net

MARCH 12, 2024

Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar.

Average Daily Rate 200

Average Daily Rate Real Estate Revenue Market 200

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. That level combined with an ADR of $573 would result in revenue per available room (RevPAR) of $504. 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). Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. and driven entirely by a 6.8% occupancy fell 1.5 ppts as business slowed ahead of the big game.

Average Daily Rate 259

Average Daily Rate Occupancy Revenue Business 259

Hospitality Net

MARCH 24, 2024

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. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Hospitality Net

NOVEMBER 14, 2023

Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 188

Average Daily Rate Real Estate Revenue Hotels 188

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

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 233

Tourism Average Daily Rate Accommodation General Manager 233

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

NOVEMBER 14, 2023

Riyadh’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) level on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 178

Average Daily Rate Real Estate Revenue Hotels 178

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

Hotel Management

FEBRUARY 13, 2024

Minor Hotels recorded 450% core net profit growth in 2023 compared to the previous year, after reaching a new full-year core revenue record of THB 121.4 Revenue was up 25% on 2022 figures with topline total system sales reaching THB 157 billion (approx. billion appeared first on Hotel Management. billion (approx.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

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. CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 percent year-over-year, and an increase of $0.43 from its previous forecast.

Forecasting 261

Forecasting Average Daily Rate Occupancy Revenue 261

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

Hospitality Net

AUGUST 24, 2023

Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to CoStar’s July 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 185

Average Daily Rate Real Estate Revenue Hotels 185

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

MAY 1, 2023

STR’s global “bubble chart” update through 15 April 2023 shows continued improvement in the Asia Pacific region and more than half of global markets with better than 20% growth in revenue per available room (RevPAR) versus 2019.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

Hospitality Net

APRIL 13, 2023

Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary March 2023 data from STR.

Average Daily Rate 180

Average Daily Rate Revenue Hotels Business 180

Hospitality Net

AUGUST 4, 2023

Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5% The average daily rate (ADR) increased by 2.6% Revenue per available room (RevPAR) increased by just 1.1% Hotel wage growth slowed in June but at 5.2% outpaced the national average of 4.7%. year-over-year drop in occupancy.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

Hospitality Net

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 167

Average Daily Rate Revenue Hotels 167

Hospitality Net

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. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 113

Average Daily Rate Real Estate Revenue Hotels 113

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% Economy class hotels contributed the most to the gross demand loss (58%) with Midscale and Upper Midscale class hotels also contributing.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Hotels 130

Hospitality Net

JANUARY 23, 2024

Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 100

Average Daily Rate Real Estate Revenue Hotels 100

Hospitality Net

NOVEMBER 9, 2023

year-over-year decrease in Q3 hotel demand and 0.5% 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. increase in supply led to a 1% drop in occupancy.

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Hotels 113

Fuel Travel

MARCH 28, 2024

Optimizing Revenue per Available Room (RevPAR) is one of the key focuses of most hoteliers. Navigating the complex world of revenue management requires innovative solutions. While dedicated revenue management software is a component of this process, all of your technology must work together to increase your bottom line.

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

Hospitality Net

DECEMBER 12, 2023

São Paulo’s hotel industry reported its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, helped by several notable events, according to preliminary November data from CoStar.

Average Daily Rate 100

Average Daily Rate Real Estate Events Revenue 100

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

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 144

Forecasting Average Daily Rate Occupancy Tourism 144