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 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

Hospitality Net

FEBRUARY 26, 2024

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. Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

Hotel Management

APRIL 22, 2024

During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% Over the three-week period of the Adelaide Festival, March1-17, alongside Adelaide Fringe, which ran from February 16 – March 17, hotel occupancy was up 6% yoy to 82.5%.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

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 272

Average Daily Rate Occupancy Revenue Hotels 272

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%. percentage points (ppts) lower compared to the prior week and flat from a year ago.

Average Daily Rate 263

Average Daily Rate Occupancy Revenue Hotels 263

Hospitality Net

NOVEMBER 17, 2023

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% NH Hotel Group (NH), part of Minor Hotels, generated €1.61 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

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

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% decrease in revenue per available room (RevPAR) during the quarter. year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5%

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

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 That level combined with an ADR of $573 would result in revenue per available room (RevPAR) of $504.

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

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

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). occupancy fell 1.5 Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. 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

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 284

Forecasting Average Daily Rate Occupancy Tourism 284

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 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

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

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

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. 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

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 176

Forecasting Average Daily Rate Occupancy Tourism 176

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

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. The post Major result for Minor Hotels as group hits record global revenue of US$3.4

Revenue 130

Revenue Average Daily Rate Occupancy 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% increase in revenue per available room (RevPAR). Average daily rate (ADR) increased 4.5% increase in revenue per available room (RevPAR). ppts versus last year.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Travel 130

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

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Hotels 130

Hospitality Net

AUGUST 4, 2023

year-over-year drop in occupancy. The average daily rate (ADR) increased by 2.6% Revenue per available room (RevPAR) increased by just 1.1% 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% Petersburg.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Revenue 246

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. The formula for ADR is generally presented as room revenue / number of rooms sold.

Average Daily Rate 52

Average Daily Rate Upsell Occupancy Revenue 52

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

Hotel Management

JULY 4, 2023

The average occupancy rate for commercial accommodation increased across all states and territories in Australia in 2022 and was 65% on average across the year higher than in the past two years, which averaged 43% and 47%, but below the rate of 74% in 2019.

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

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

Hotel News Resource

MARCH 19, 2024

Hotels Report Higher Month-Over-Month Performance for February 2024 - Occupancy: 58.9% (-1.8%) - Average daily rate (ADR): US$158.23 (+3.9%) - Revenue per available room (RevPAR): US$93.19 (+2.0%) Article - U.S.

Average Daily Rate 81

Average Daily Rate Occupancy Revenue Hotels 81

Hotel Management

SEPTEMBER 14, 2023

Occupancy levels for the month of August were reported to be 80.7%, a 26.0% year-over-year increase, while the Average daily rate (ADR) was AU$261.83, up 9.0%. Revenue per available room (RevPAR) was AU$211.19 in the month of August, representing a 37.3% year-over-year increase.

Average Daily Rate 130

Average Daily Rate Occupancy Hotels Revenue 130

Lodging

JUNE 5, 2023

The occupancy projection for this year was lowered 0.2 percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 percent and 1.3 percent, respectively. […] The post STR, TE Update 2023 U.S.

Forecasting 144

Forecasting Average Daily Rate Occupancy Tourism 144

Hotelier Magazine

APRIL 25, 2023

In comparison to the same week in 2022, occupancy came in at 64.2 per cent); Average Daily Rate (ADR) came in at US$155.33 (up 4.7 per cent); and Revenue Per Available Room (RevPAR) came in at US$99.67 (up 8.6 Among the top 25 markets, Minneapolis saw the highest YOY increase in occupancy (up 17.4

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64

Hotel News Resource

MAY 14, 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 45

Average Daily Rate Occupancy Revenue Hotels 45

Hotel News Resource

AUGUST 22, 2023

The rate of growth in occupancy, average daily rate and revenue per available room decelerated considerably in Q2, with room rate fatigue effecting growth in the higher-priced hotel categories.

Average Daily Rate 98

Average Daily Rate Occupancy Revenue Hotels 98