Hospitality Net

AUGUST 19, 2024

Occupancy has increased in three of those weeks with growth softened by a small supply increase. Average daily rate (ADR) has continued to rise, pushing RevPAR gains for the past four weeks, but at a rate below the level of inflation. Travelers are squeezing the last drops out of summer as U.S.

Average Daily Rate 258

Average Daily Rate Occupancy Travel Hotels 258

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

MAY 6, 2024

as occupancy fell 0.8 percentage points (ppts) and average daily rate (ADR) declined 1.3%. hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5%

Average Daily Rate 234

Average Daily Rate Occupancy Revenue Hotels 234

Hospitality Net

AUGUST 26, 2024

Occupancy was essentially flat for the week with weekdays (Monday through Wednesday) up and the rest of the week down. Average daily rate (ADR) continued to rise, pushing gains in revenue per available room (RevPAR) for the fifth straight week, albeit at a rate below the level of inflation. hotel industry.

Average Daily Rate 241

Average Daily Rate Occupancy Revenue Market 241

Hospitality Net

MAY 27, 2024

The increase in RevPAR was driven almost entirely by average daily rate (ADR), which rose 2.6%. Occupancy was up 0.1 percentage points (ppts) at 67.4%, which was the highest weekly occupancy of 2024 but still 3.0 Once again group and midweek demand across the upper chain scales drove performance.

Average Daily Rate 241

Average Daily Rate Occupancy Scale Revenue 241

Hospitality Net

MAY 13, 2024

year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 Over the past eight weeks, performance has slowed with RevPAR on average increasing just 0.8%, a result of ADR up 0.9% and occupancy down 0.2%. percentage points (ppts).

Average Daily Rate 246

Average Daily Rate Occupancy Revenue Hotels 246

Hospitality Net

APRIL 22, 2024

driven by nearly equal gains in occupancy and average daily rate (ADR). Similar to the previous week, U.S. hotel performance ending 13 April 2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8%

Average Daily Rate 264

Average Daily Rate Occupancy Revenue Hotels 264

Hospitality Net

MARCH 11, 2024

Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. Growth in revenue per available rooms (RevPAR) returned to the U.S. following the previous week’s decrease.

Average Daily Rate 253

Average Daily Rate Occupancy Revenue 253

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 242

Average Daily Rate Real Estate Occupancy Hotels 242

Hospitality Net

MAY 15, 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 245

Average Daily Rate Occupancy Revenue Hotels 245

Hospitality Net

OCTOBER 23, 2024

year over year (YoY) with occupancy rising 1.4 percentage points (ppts) and average daily rate (ADR) increasing 1.6%. Hurricane impacts, calendar shifts, and fall break in different parts of the country combined to produce a solid growth week for the U.S. hotel industry.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130

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

Hospitality Net

APRIL 15, 2024

year over year (YoY) via gains in occupancy (+2.9 percentage points [ppts]) and average daily rate (ADR, +2.1%). Weekly U.S. results were robust with revenue per available room (RevPAR) rising 6.9%

Average Daily Rate 225

Average Daily Rate Occupancy Revenue 225

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

SEPTEMBER 30, 2024

with the bulk of the increase coming from average daily rate (ADR), up 2.0%. on a slightly higher gain in ADR (+1.9%) than occupancy (+1.2%). Industry occupancy increased to 68.9%, the first time above 68% since early-August. In the week ending 21 September 2024, U.S.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130

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 244

Average Daily Rate Occupancy Revenue Market 244

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

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

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. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 202

Average Daily Rate Market Marketing Occupancy 202

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

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

JANUARY 25, 2024

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index (the “Index”).

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

MAY 29, 2024

Spain’s hotels achieved occupancy of 68.5% compared to the same quarter in 2023), with average daily rates (ADR) standing at €134.60 (+11.7%) and revenue per available room (RevPAR) of €92.10 (+17.1%). between January and March (+4.9% In terms of destinations, the Canaries topped the table for all three indicators.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Tourism 246

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

JULY 2, 2024

year over year (YoY), which was entirely the result of an occupancy decline of 1.8 Average daily rate (ADR) was basically flat at +0.1% revenue per available room (RevPAR) decreased 2.4% percentage points (ppts).

Average Daily Rate 130

Average Daily Rate Occupancy Revenue 130

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

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

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S.

Average Daily Rate 239

Average Daily Rate Business Hospitality Occupancy 239

Hospitality Net

JUNE 10, 2024

increase in revenue per available room (RevPAR), all from occupancy, as average daily rate (ADR) was essentially unchanged (+0.1%). The Top 25 Markets amplified this pattern with occupancy increasing 1.6ppts YoY, while ADR for those markets decreased 0.5%, netting RevPAR growth of 2.0%.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Market 130

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

JUNE 17, 2024

lift in average daily rate (ADR). on both advancing occupancy and ADR (+1.5ppts and +2.2%, respectively). on falling occupancy (-0.9ppts) with ADR up 1% YoY. occupancy reached 69.1%, which was the highest of the year so far but well below what was seen in the same week of 2019 (71.9%).

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Marketing 130

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

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

Hospitality Net

MAY 3, 2024

Global occupancy moved up to 62% and average daily rate increased by a further +2% as pricing remained robust, reflecting the complete return of leisure, business, and group travel. The Americas, having already recovered very strongly, was broadly flat due to some adverse calendar timing, and Greater China grew by +2.5%

Average Daily Rate 183

Average Daily Rate Occupancy Travel Business 183

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

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

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