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Record high room rates for Sydney hotels on NYE

Hotel Management

Sydney hotels pulled in record high average daily rate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% The post Record high room rates for Sydney hotels on NYE appeared first on Hotel Management.

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STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

Lodging

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. percentage points to +1.5

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CBRE Forecasts Modest RevPAR Growth in 2025

Lodging

DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3

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CoStar: U.S. ADR and RevPAR Growth Slowed to 2020 Rate in 2024

Lodging

hotel industry reported record-high average daily rate (ADR) and revenue per available room (RevPAR), but the countrys growth rate was its lowest since the declines of 2020, according to CoStars 2024 year-end data. percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 3.3

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Hotel Signings Remain Strong in India Despite Slow May – India Report

Skift Blog

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift

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CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

Lodging

For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Occupancy for the year was raised 0.1 WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. percent and +1.8

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CoStar: U.S. Hotel Performance Reached Highest ADR and RevPAR on Record in 2023

Lodging

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.