Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 The result was increased occupancy, which continued throughout the year and along with an increase in average daily rates.

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

Little Hotelier

FEBRUARY 25, 2024

Visit website PJ’s Marketing Mexico PJ’s Marketing Mexico is a business that has grown with its home country’s tourism industry, and can be credited with spurring an impressive portion of that growth. PJ’s boasts a dedicated department of online sales experts, and can take total control of a hotel’s sales arm if a business so chooses.

Revenue Management 52

Revenue Management Revenue Services Management 52

SiteMinder

DECEMBER 4, 2023

Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. Online sales in the hotel segment will generate 80% of total revenue in 3 years. Hotels and tourism typically make up 10% of worldwide GDP. An annual revenue growth rate of 4.2%

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59