Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale

Hotel Management

JANUARY 8, 2024

There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. Leading the next phase of development and growth of Lyf is Adeline Phua, who has been appointed Managing Lyf Partner.

Average Daily Rate

Hotel Management

AUGUST 15, 2024

” The full, two-day 2025 event is expected to draw over 600 global delegates and will be held in August 2025, marking Japan’s first full-scale international hotel industry operations and investment conference. “We are excited to welcome industry leaders from around the world to this landmark event.”

Tourism

Hotel Business

OCTOBER 20, 2023

Average daily rate +4.1% vs 2019; occupancy +4.1%pts Group-wide occupancy was 72%, just one percentage point behind 2019 which further confirms the near-complete return to pre‑Covid levels of demand. Occupancy was 72%, up 0.7% vs 2019), while rate was up 3.1% (up 14.8% Occupancy was 73%, up 4.7%

Pipeline

STAAH

APRIL 16, 2024

An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts. Look for a solution that is scalable and flexible enough to accommodate the evolving needs of your business.

Revenue Management

Hotelier Magazine

NOVEMBER 6, 2024

per cent RevPAR increase, primarily due to a robust Average Daily Rate (ADR) increase of 7.6 per cent increase in RevPAR and an unprecedented occupancy rate of 93.7 On a global scale, excluding the U.S., Northeastern U.S. hotels led the nation with a 12.9 New York City, particularly, stood out with a 16.6

Average Daily Rate

Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. The bold line represents the average occupancy rate for the competitive set. Each point on the chart shows a specific day’s occupancy for the hotel.

Forecasting

Amadeus Hospitality

NOVEMBER 12, 2024

When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. Survey respondents also said data fragmentation (33%), data efficiency (32%), and data integrity (30%) are among the biggest challenges faced in business intelligence today.

Business

Hotel Management

JULY 3, 2024

Compared to 2019, Fiji’s Average Daily Rate (ADR) is 71% higher than it was in 2019 at AU$461, according to STR’s Regional Director Matt Burke in his exclusive AHICE outlook, and that is resulting in record results for owners and operators across the nation. Then again, it’s even hotter than you thought.

Tourism

Little Hotelier

AUGUST 29, 2023

Prioritising your investments correctly will ensure your budget spend is contributing towards increased revenue and occupancy rates. With their scale and global reach OTAs provide hotels with a cost-effective way to increase bookings on a pay-per-performance basis. Your occupancy rates? Your direct bookings?

ROI

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%

Travel

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93.

Occupancy

Clock Software Hospitality

JANUARY 12, 2021

Read more: The Three Steps to Building a Successful Segmentation Strategy For Hotels Concerts had to reschedule with tour dates pushed back a year or so, and any large scale public events that still take place (races, sports events, exhibitions, etc.) Is the wedding industry going to pull back from large scale events?

Hospitality

SiteMinder

MARCH 13, 2025

Exactly how much one will cost depends on the proposed scale of your hotel project, the size of the local market, the amount of data and analysis required, and how highly regarded and experienced your consultant is. However, you should approach the exercise knowing that its an investment.

Average Daily Rate

Cloudbeds

APRIL 30, 2024

With dynamic pricing, room rates are not fixed but are adjusted based on market demand, competition, time of booking, customer behavior, occupancy, and other factors that can influence booking patterns. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue

Cloudbeds

JUNE 5, 2024

How your online reputation impacts pricing strategies Your online reputation has a significant impact on occupancy and profitability. This, in turn, leads to more visitors, conversions, and, finally, higher occupancy rates. without harming its occupancy rates. without harming its occupancy rates.

Revenue Management

MediaBoom

AUGUST 6, 2024

They can leverage consistent standards and economies of scale to deliver reliable experiences. Key metrics to track include brand awareness , guest satisfaction , social media engagement , and revenue-related KPIs like average daily rate (ADR) and occupancy rate. Still Have Questions?

Branding

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules.

Operations

SiteMinder

JANUARY 8, 2024

Placing yourself on a scale of personal growth is especially important for a hotel manager. A core aspect of hotel management includes managing your room inventory and reaching desired occupancy rates; however, you could also be ensuring that everything is in order for your guests or organising staff and cleaning schedules.

Operations

Hotelier Magazine

JULY 5, 2024

performance across the board; RevPAR declines reported across all chain scales; and EURO 2024, Formula One and Taylor Swift’s Eras Tour lifted cities across Europe. Shift in Juneteenth holiday pushed occupancy down while rate held. per cent year-over-year (YoY), which was entirely the result of an occupancy decline of 1.8

Average Daily Rate