Hotel Management

FEBRUARY 27, 2025

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Pipeline Tourism 130

Lodging

JANUARY 23, 2024

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

Forecasting 182

Forecasting Average Daily Rate Occupancy Tourism 182

Hotel Management

JUNE 11, 2024

Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). The occupancy projection for this year was lowered 0.2% The occupancy projection for this year was lowered 0.2% For 2024, a 1.4%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

eZee Absolute

FEBRUARY 4, 2025

In fact, concert-goers often flood the local hotel market, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand. This large influx of attendees, many traveling from neighboring countries, led to a 45% spike in hotel occupancy compared to regular weekends.

Occupancy 52

Occupancy Events Average Daily Rate Tourism 52

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%. yoy to AU$191.25.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

Hotel Management

JUNE 29, 2023

CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Amadeus Hospitality

JUNE 5, 2025

Amadeus, a leading provider of travel technology solutions, and UN Tourism , have released a new report with comprehensive data on travel in Asia Pacific. Notable growth rates include a 9.3% The post Amadeus and UN Tourism report provides comprehensive look at Asia Pacific travel market appeared first on Amadeus Hospitality.

Tourism 52

Tourism Market Marketing Average Daily Rate 52

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. 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 The occupancy projection for this year was lowered 0.2

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Vietnam has faced some of the strongest headwinds in the real estate sector in the region, and international tourism has been relatively slow to recover.

Real Estate 245

Real Estate Average Daily Rate Occupancy Market 245

Hotel News Resource

NOVEMBER 19, 2024

hotel growth in 2024 shows downgraded projections for average daily rate (ADR), revenue per available room (RevPAR), and occupancy. The final forecast revision for U.S.

Average Daily Rate 92

Average Daily Rate Forecasting Occupancy Tourism 92

Hotel Management

JULY 4, 2023

The long-term outlook for Australia’s visitor economy remains bright, despite the impact of interest rate rises and lower household savings rates in the near term, but a full recovery may take until 2025, according to Tourism Research Australia’s 2022 State of the Industry report.

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Hotel Management

AUGUST 15, 2024

AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market. Bolstered by its reputation as a top-ranked global tourism destination , Japan is poised for significant growth and investment in the hospitality sector.

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

Hotel Management

JULY 3, 2024

A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.

Tourism 113

Tourism Average Daily Rate Resorts Market 113

Amadeus Hospitality

JUNE 18, 2025

Joint report with UN Tourism highlights growing popularity of Azerbaijan, Kazakhstan and Czech Republic June 18, 2025 – A host of emerging destinations in Western and Central Asia are catching the eye of international travelers this year, as demand for thought-provoking travel continues to rise. across the region. to $200.74.

Travel 65

Travel Average Daily Rate Tourism Occupancy 65

Hotel News Resource

JANUARY 29, 2025

CoStar and Tourism Economics project gains in average daily rate (ADR) and revenue per available room (RevPAR) to be +1.6% respectively in 2025, with occupancy raised to 63.1%.

Average Daily Rate 66

Average Daily Rate Occupancy Tourism Revenue 66

STAAH

APRIL 29, 2025

Dynamic Pricing : Real-Time Revenue Optimization Channel Managers like STAAH enable rule-based pricing automation , adjusting your rates based on demand, occupancy, and even competitor pricing. A drop below 30% occupancy? Your rates drop automatically to drive last-minute bookings, across all OTAs. No more repetition.

Revenue 84

Revenue Management OTA Average Daily Rate 84

Hotel Management

OCTOBER 17, 2024

Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”.

Average Daily Rate 130

Average Daily Rate Occupancy Forecasting Hotels 130

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Hospitality Today

JUNE 11, 2025

Muted occupancy growth : Projected occupancy is 63.1%, up just 0.1 ADR (Average Daily Rate) : Expected to increase 0.8% tourism marketing - U.S. RevPAR (revenue per available room) in 2025 to rise by just 0.9% to $101.16, down from its previous forecast of 1.5% to $160.30, down from a 1.3% Olympics 2028.

Forecasting 40

Forecasting Average Daily Rate Occupancy Hotels 40

Hotel Speak

APRIL 2, 2025

Why Wellness is a Game-Changer for Hotels Wellness tourism is no longer a niche marketits a thriving industry projected to reach $1.3 trillion by 2025, growing at a rate of 9.9% annually, according to the Global Wellness Institute (Global Wellness Institute, 2023).

Hospitality 71

Hospitality Average Daily Rate Travel ROI 71

Hotel Management

AUGUST 8, 2024

First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

Hotel News Resource

AUGUST 11, 2023

percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Hotel News Resource

APRIL 17, 2023

Both cities rely heavily on event and MICE-driven demand, which is evident in their occupancy index. Barcelona's occupancy recovery has generally outpaced Madrid's, but not by much.

Average Daily Rate 52

Average Daily Rate Occupancy Tourism Events 52

Hotel News Resource

JULY 31, 2024

In July 2024, the UK hotel market continued its strong performance with RevPAR levels significantly above those of 2019, driven by high occupancy rates and increased Average Daily Rates (ADR).

Average Daily Rate 45

Average Daily Rate Tourism Occupancy Hotel Marketing 45

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. per-cent downgrade in occupancy growth. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. per-cent downgrade in occupancy.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Hotelier Magazine

FEBRUARY 27, 2025

Canadas hotel industry reported positive performance year-over-year, driven by growth in room rates, according to January data from CoStar. January 2025 (percentage change from 2024) Occupancy: 49.8 per cent) Average Daily Rate (ADR): $180.04 (up 2.7 Among the major markets, Vancouver saw the highest occupancy (60.7

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 59

Hotel Speak

FEBRUARY 11, 2025

With travel and tourism in Asia Pacific (APAC) projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2025 to 2029 – reaching an estimated market volume of US$358.70 billion by 2029 – the region presents a remarkable opportunity for hoteliers.

Hospitality 65

Hospitality Average Daily Rate Revenue Services 65

Hotelier Magazine

NOVEMBER 26, 2024

WASHINGTON — Canadian hotels witnessed a significant landmark in October 2024, as the Average Daily Rate (ADR) surpassed $200 for the first time ever, according to data from CoStar. October’s occupancy rate was 68.5 Among the provinces and territories, Nova Scotia reported the highest occupancy level at 74.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Tourism 52

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 130

Scale Construction Average Daily Rate Hotels 130

Hotelier Magazine

AUGUST 29, 2023

. — Canada’s hotel industry reported its highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any month on record, according to CoStar’s July 2023 data. In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. per cent to 75.6 per cent), down 1.8

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Little Hotelier

OCTOBER 17, 2024

Sales and revenue-related tax documents: VAT/GST/sales tax returns , documents on hotel/room occupancy taxes , tourism levies, merchant transaction reports for card payments. These practices can increase your occupancy rate, by ensuring maximum visibility across more booking channels.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Sales 93

Hotelier Magazine

JUNE 29, 2023

In May 2023 (year-over-year percentage change), occupancy came in at 69.2 per cent); Average Daily Rate (ADR) came in at $197.10 (up 15 per cent) and Revenue Per Available Room (RevPAR) came in at $136.32 (up 25.7 Among the provinces and territories, Newfoundland recorded the highest May occupancy level (79.9

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

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. A paper published in Tourism Management highlighted just how much valuable insight lies within hotel data. The study analyzed booking data of U.S.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Hotelier Magazine

FEBRUARY 7, 2025

According to the latest forecast by CoStar Group and Tourism Economics, U.S. per-cent growth in the Average Daily Rate, with an occupancy level of 63.1 HENDERSONVILLE, Tenn. RevPAR is expected to grow marginally by 1.8 per cent in 2025. The forecast also predicts a 1.6-per-cent

Forecasting 52

Forecasting Average Daily Rate Hotels Tourism 52