Hotel Management

JUNE 6, 2023

The occupancy projection for this year was lowered 0.2% from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5% downgrade in occupancy coupled with a 0.7% and 1.3%, respectively. For 2024, a 1.4% lift in ADR meant a RevPAR downgrade of 0.6%.

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Management

FEBRUARY 13, 2024

Demand for leisure and business travel across most key markets drove strong rate growth, with group-wide average daily rate (ADR) increasing by 10% compared with the previous year. Group-wide RevPAR rose 22% versus 2022, with Thailand reporting 73% growth and Europe and Americas reporting a 26% increase.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

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. Australia welcomed 3.4

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Hotelier Magazine

MAY 2, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. In comparison to 2019, occupancy came in at 62.6 per cent); Average Daily Rate (ADR) came in $177.72 (up 19.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

Hotel Management

FEBRUARY 20, 2024

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. This trend is spurred by increasing global wealth and the ongoing convergence of living and traveling, respectively. In 2023, two consistent headlines emerged. Do these themes play out closer to home?

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Hotelier Magazine

MARCH 12, 2024

The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.

Hotel Marketing 64

Hotel Marketing Average Daily Rate Market Marketing 64

Hotel Speak

JANUARY 25, 2024

With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023. With rising inflation across the world, it’s not surprising that the average daily rate has risen, but it didn’t deter reservations in 2023. For the U.S.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

Fuel Travel

MARCH 28, 2024

Travel is up, but so are guest expectations. It is a key indicator of a hotel’s performance as it measures both occupancy rates as well as average daily room rates. RevPAR = Average Daily Rate (ADR) x Occupancy Rate (%). What factors affect RevPAR?

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

Hotelier Magazine

MARCH 25, 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. February 2024 (percentage change from 2023): Occupancy: 58 per cent (down 1.6 The lowest occupancy among provinces was reported in P.E.I.

Average Daily Rate 59

Average Daily Rate Occupancy Hotels Market 59

Hotel Management

OCTOBER 24, 2023

“Hotels are emerging as a preferred property investment sector, as new market entrants are drawn to conditions of easing supply, high room rates and the return of international travel,” said Colliers Head of Hotel Transactions, Karen Wales. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Despite higher prices, consumers have demonstrated a determination to travel and a desire for distinctive experiences only hostels can provide.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Travel 52

Amadeus Hospitality

JANUARY 29, 2024

Unique forward-looking hotel booking data from Amadeus shows high demand for travel across various cities for the upcoming holiday period which runs February 10-17th. According to Amadeus data, average daily rate (ADR) in the top destination of Jinghong is $320 USD, an 8% increase from the week of Chinese New Year 2023.

Average Daily Rate 64

Average Daily Rate Occupancy Travel Hotels 64

Hotel Management

JANUARY 8, 2024

Lyf – based on the concept of ‘live your freedom’ – targets next-generation travellers including digital nomads, tech start-ups and creatives. Lyf Bugis Singapore “Lyf was first created for the next-generation traveller and has gained strong traction since its debut with Lyf Funan Singapore in 2019.

Average Daily Rate 264

Average Daily Rate Scale Accommodation Branding 264

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

Hotel Business

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR.) Optimism for improving corporate travel – Reflecting the potential upward trajectory of business travel, there are promising signs as the negotiated segment inches closer to pre-pandemic levels. markets have recovered 99.1%

Revenue 122

Revenue Average Daily Rate Events Business 122

Hotel Business

AUGUST 11, 2023

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast , released by CWT and the Global Business Travel Association (GBTA).

Events 98

Events Business Travel Forecasting 98

Amadeus Hospitality

DECEMBER 21, 2023

Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. And today’s travelers have higher expectations than ever for more sustainable, personalized and flexible journeys. markets has already recovered by 99.1% markets has already recovered by 99.1% It’s been a very good year.

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Hotelier Magazine

AUGUST 16, 2023

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. Average Daily Rate (ADR) was upgraded 0.1 per cent, due to a 0.6- per cent on a 0.5-per-cent

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

SiteMinder

APRIL 18, 2024

According to SiteMinder’s vice president of ecosystem and strategic partnerships, James Bishop, the rise in lead time reflects grown confidence and increasingly-proactive planning by ever-savvier travellers, which offers strategic opportunities for the capital’s hoteliers. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

Hotel Business

OCTOBER 20, 2023

Average daily rate +4.1% vs 2019; occupancy +4.1%pts 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%

Pipeline 110

Pipeline Average Daily Rate Occupancy Branding 110

Amadeus Hospitality

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). Optimism for improving corporate travel – Reflecting the potential upward trajectory of business travel, there are promising signs as the negotiated segment inches closer to pre-pandemic levels. markets have recovered 99.1%

Average Daily Rate 59

Average Daily Rate Business Revenue Hospitality 59

Amadeus Hospitality

AUGUST 24, 2023

Originally published to Amadeus Insights By: Peter Waters, EVP Hotel Solutions, Hospitality, Amadeus Amadeus is passionate about travel and we know our partners are too. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy Occupancy 52

Amadeus Hospitality

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). Corporate groups continue to drive meeting and event volume – The larger percentage of events in the corporate segment bodes well for business travel. has recovered 110 percent compared to the same time in 2019. In Q4 2023, 63.9

Average Daily Rate 59

Average Daily Rate Business Events Hospitality 59

Hotelogix

JANUARY 30, 2024

Additionally, it includes reports on no-shows, occupancy, market analysis, company contributions, business analysis, MIS, and a manager flash report with budget details for comprehensive analysis. The report also offers insights into occupancy percentages, Revenue Per Available Room (RevPAR), and average rates.

Occupancy 59

Occupancy Average Daily Rate Hotels Cancellation 59

Hotelier Magazine

DECEMBER 19, 2023

hotel occupancy reached 54.2 Average daily rate (ADR) increased 0.8 per cent) as occupancy was flat to last year. The weekend and shoulder periods produced declines in both occupancy and ADR, resulting in RevPAR declines of 3.3 These markets also experienced the highest weekday occupancy. reached 66.8

Occupancy 52

Occupancy Average Daily Rate Hotels Market 52

STAAH

APRIL 16, 2024

This enables hoteliers to adjust room rates dynamically to maximize revenue based on current market conditions. An RMS that can sync seamlessly with various channels allows hoteliers to update room rates and availability across all platforms simultaneously, minimizing the risk of overbooking and ensuring maximum exposure to potential guests.

Revenue Management 80

Revenue Management Revenue Management Forecasting 80

Cloudbeds

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds, said : “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52

Cloudbeds

MAY 8, 2024

Searching for demand patterns for your property is like traveling to the past and then going to the future to forecast how to set up your hotel for success. It also shows what type of guests are staying at your hotel and even what booking channels (direct, online travel agencies (OTAs), etc.) What is booking performance?

Cancellation 52

Cancellation Revenue Occupancy Revenue Management 52

SiteMinder

MAY 16, 2023

SiteMinder’s most recent Changing Traveller Report found that 36% of global travellers plan to incorporate work on their next trip. It’s also projected that by 2035 there will be a billion digital nomads travelling the globe. This was particularly true for Spain in summer, which had the longest average stay length in August.

Average Length of Stay 105

Average Length of Stay Occupancy Average Daily Rate Revenue 105

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 59

Occupancy Hotels Average Length of Stay Revenue 59

SiteMinder

SEPTEMBER 6, 2023

These bookings often occur due to sudden travel plans, business needs, or even whimsical decisions to take a quick getaway. While they can be a wild card in the hotel management game, they offer a unique opportunity to maximise occupancy and revenue. An occupied room, even at a discounted rate, is better than an empty one.

Overbooking 98

Overbooking Occupancy Revenue Hotels 98

Hotelogix

NOVEMBER 12, 2023

They help you understand percentage of rooms occupied, percentage of rooms occupied minus complementary and house use, average daily rate and total revenue of your hotel including POS,other charges, etc. You can run the report by check-in or checkout date.

Management 59

Management Occupancy Average Daily Rate Revenue 59

Cloudbeds

JANUARY 17, 2024

In 2023, the hospitality industry reached record-high ADRs as travelers from around the world got back out to explore, and lodging operators worked hard to keep up with demand (despite lingering staffing shortages). Capturing travelers’ attention will become even more important in 2024. 2024 hospitality marketing trends 1.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

Cloudbeds

APRIL 30, 2024

The glaring issue with older revenue management strategies like these is that by selling at flat rates for the majority of the time, you are ignoring market conditions, competitor rates, market data, and variable demand. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

SiteMinder

OCTOBER 5, 2023

It offers a suite of tools that allow you to manage your Expedia listings across various online travel agencies (OTAs) that are part of the Expedia Group. It allows you to manage bookings, adjust nightly rates, availability, and streamline inventory management. A particularly useful feature is the rate management tool.

Average Daily Rate 59

Average Daily Rate Hotels Management OTA 59

SiteMinder

OCTOBER 10, 2022

is a hotel analytics company founded in 1985 as Smith Travel Research. 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. Daily data for the month. Index numbers in an STR report. STAR summary.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Amadeus Hospitality

JUNE 27, 2023

The combined insights delivered by the Hospitality Group & Business Performance Index presents a unique overview of group travel activity in the United States. The insights provide a clear snapshot of hotel occupancy and booking trends, along with information on which sectors are meeting, group size, and the size of their meeting space.

Business 52

Business Hospitality Average Daily Rate Events 52