Hospitality Net

FEBRUARY 26, 2024

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year. STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

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: RevPAR: US$97.97 (+4.9%) The country’s occupancy level was its highest since 2019.

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

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. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

APRIL 29, 2024

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Hotels 130

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

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% year-over-year decrease in hotel demand and a 0.8% 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

JANUARY 15, 2024

RevPAR was essentially unchanged compared to the same four weeks last year with average daily rate (ADR) increasing 1.4%, nearly offsetting an occupancy decline of 0.9 saw healthy RevPAR growth (+6.4%) in the week ending 6 January 2024 following a decline of 10.1% Over the past four weeks, U.S. percentage points (ppts).

Average Daily Rate 241

Average Daily Rate Occupancy 241

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 278

Average Daily Rate Forecasting Occupancy Revenue 278

Hospitality Net

FEBRUARY 5, 2024

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

Average Daily Rate 244

Average Daily Rate Occupancy Events Revenue 244

Hospitality Net

FEBRUARY 19, 2024

increase in average daily rate (ADR). occupancy fell 1.5 Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. hotel industry’s strong year-over-year (YoY) growth in revenue per available room (RevPAR), which was up 3.9% 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

Hospitality Net

JANUARY 25, 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 markets in the U.S. has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

APRIL 29, 2024

year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%. Occupancy (at 66.8%), the highest level seen in 2024 so far, was essentially flat dropping 0.2 Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. percentage points (ppts) YoY.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130

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

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. Recent RevPAR trends demonstrate that rate continues to be the primary driver of performance. Occupancy was downgraded slightly (by 0.2

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

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

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

Hotel Management

JANUARY 16, 2024

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. In December 2023, Sydney hotels achieved occupancy of 77.1%, up 9.9% increase year over year.

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

Hospitality Net

OCTOBER 18, 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 239

Average Daily Rate Business Hospitality Occupancy 239

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

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 264

Forecasting Average Daily Rate Occupancy Revenue 264

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

Lodging

JANUARY 23, 2024

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. HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S.

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

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

SiteMinder

JULY 25, 2022

Average daily rate (ADR) remains an important metric to talk about within the hotel industry. ADR, which stands for average daily rate, is the average income per occupied room your hotel makes in a set period of time. Table of contents. What is hotel ADR? Why is ADR important in the hotel industry?

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

Hospitality Net

NOVEMBER 17, 2023

Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively. 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

NOVEMBER 22, 2023

Each report includes occupancy (Occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets. HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130

Hospitality Net

MARCH 18, 2024

via decreasing occupancy (-1.4ppts). Average daily rate (ADR) was also down (-0.6% 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%

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Hotels 130

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

AUGUST 4, 2023

year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Occupancy rates for all location types were below 2019 levels in Q2. Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5% year-over-year, its slowest annual growth since Q1 2021. Petersburg.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

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%). RevPAR decrease for the market.

Average Daily Rate 147

Average Daily Rate Occupancy Market Marketing 147

Amadeus Hospitality

MARCH 21, 2024

Data suggests average daily rates (ADR) have also increased significantly because of the eclipse, averaging $170 more than the same day last year. Currently, rates will hit a high of $404 in Burlington which is 183% more than the same day in 2023.

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

Hospitality Net

AUGUST 11, 2023

The performance was derived from 69% occupancy rate of the overall portfolio in the first six months of 2023, compared with 54% occupancy rate recorded during the same period in the previous year, and an increase of 11% in average daily rate (ADR) from the first half of 2022.

Average Daily Rate 180

Average Daily Rate Revenue Occupancy Resorts 180

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

Hospitality Net

NOVEMBER 9, 2023

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. year-over-year decrease in Q3 hotel demand and 0.5%

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Hotels 113

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 percent.

Average Daily Rate 113

Average Daily Rate Occupancy Revenue Market 113

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 Travel Market 162