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 199

Average Daily Rate Market Marketing Occupancy 199

Hospitality Net

APRIL 10, 2024

The host of six Taylor Swift concerts, Singapore’s hotel industry posted its highest March average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar.

Average Daily Rate 176

Average Daily Rate Real Estate Revenue Hotels 176

Hospitality Net

NOVEMBER 20, 2023

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. hotel forecast revision of 2023.

Forecasting 238

Forecasting Average Daily Rate Tourism Revenue 238

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 151

Average Daily Rate Revenue Occupancy Hotels 151

Hospitality Net

FEBRUARY 12, 2024

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%. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 242

Average Daily Rate Occupancy Revenue Hotels 242

Hospitality Net

MARCH 12, 2024

Helped by Carnival, Rio de Janeiro’s hotel industry recorded its highest average daily rate (ADR) and revenue per available room (RevPAR) since 2016, according to February preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 177

Average Daily Rate Real Estate Revenue Market 177

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 223

Average Daily Rate Business Hospitality Occupancy 223

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. That level combined with an ADR of $573 would result in revenue per available room (RevPAR) of $504. 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 278

Average Daily Rate Forecasting Occupancy Revenue 278

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 217

Average Daily Rate Occupancy Events Revenue 217

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. WASHINGTON—The U.S. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: ADR: US$155.62 (+4.3%)RevPAR:

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

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). Super Bowl LVIII, hosted in Las Vegas, was responsible for the U.S. and driven entirely by a 6.8% occupancy fell 1.5 ppts as business slowed ahead of the big game.

Average Daily Rate 225

Average Daily Rate Occupancy Revenue Business 225

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 201

Average Daily Rate Occupancy Revenue Hotels 201

Hospitality Net

FEBRUARY 12, 2024

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% drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7%

Average Daily Rate 165

Average Daily Rate Occupancy Revenue Hotels 165

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. hotel forecast revision of 2023.

Forecasting 290

Forecasting Average Daily Rate Occupancy Tourism 290

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 201

Average Daily Rate Business Hospitality Occupancy 201

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

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 146

Average Daily Rate Revenue Occupancy Resorts 146

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

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 223

Average Daily Rate Occupancy Revenue Hotels 223

Hospitality Net

NOVEMBER 14, 2023

Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 170

Average Daily Rate Real Estate Revenue Hotels 170

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 201

Average Daily Rate Occupancy Revenue Market 201

Hospitality Net

NOVEMBER 14, 2023

Riyadh’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) level on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Average Daily Rate 141

Average Daily Rate Real Estate Revenue Hotels 141

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 182

Forecasting Average Daily Rate Occupancy Tourism 182

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. year over year, with an average daily rate (ADR) of AU$313.27, up 4.8%.

Average Daily Rate 130

Average Daily Rate Occupancy Closing Revenue 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

AUGUST 24, 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. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 157

Average Daily Rate Real Estate Revenue Hotels 157

Lodging

MAY 18, 2023

CBRE has revised its forecast for 2023 revenue per available room (RevPAR) to $97.89, up 6.0 Average daily rate (ADR) […] The post CBRE Raises Hotel Performance Forecast to Reflect Demand and Supply Growth appeared first on LODGING Magazine. percent year-over-year, and an increase of $0.43

Forecasting 264

Forecasting Average Daily Rate Occupancy Revenue 264

Hospitality Net

MARCH 25, 2024

revenue per available room (RevPAR) dipped for a second consecutive week and by the worst percentage (-3.5%) since the last week of 2023. Sixty percent of the decline came from average daily rate (ADR), which was down 2.1%.

Average Daily Rate 130

Average Daily Rate Scale Revenue Branding 130

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

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

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Hotels 130

Hospitality Net

APRIL 13, 2023

Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary March 2023 data from STR.

Average Daily Rate 146

Average Daily Rate Revenue Hotels Travel 146

Hospitality Net

MAY 15, 2023

Amsterdam’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) for any month on record, according to preliminary April 2023 data from STR.

Average Daily Rate 124

Average Daily Rate Revenue Hotels 124

Hospitality Net

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. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 113

Average Daily Rate Real Estate Revenue Hotels 113

Hospitality Net

JANUARY 23, 2024

Canada’s hotel average daily rate (ADR) and revenue per available room (RevPAR) were the highest for any year on record, according to CoStar’s 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 100

Average Daily Rate Real Estate Revenue Hotels 100

Hospitality Net

AUGUST 4, 2023

The average daily rate (ADR) increased by 2.6% Revenue per available room (RevPAR) increased by just 1.1% Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5% year-over-year drop in occupancy. year-over-year, its slowest annual growth since Q1 2021. year-over-year, a material slowdown from Q1’s 15.9%

Average Daily Rate 230

Average Daily Rate Occupancy Hotels Revenue 230

Hospitality Net

DECEMBER 17, 2023

Average daily rate (ADR) increased 4.5% increase in revenue per available room (RevPAR). hotel occupancy reached 58.7%, up 4.5 percentage points (ppts) compared to the prior week as holiday leisure travel kicked in along with the return of end-of-year business and convention travel. Occupancy, however, was down 0.7

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Travel 130

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