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STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

Lodging

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6 ppts to +1.4

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How 'Live Tourism' Events Can Drive Business for Hotels

Skift Blog

Skift Take: The ongoing live tourism boom provides compelling opportunities for hotels to maximize revenue by boosting average daily rates, extending stays, increasing guest volumes, and building long-term growth and loyalty. Robin Gilbert-Jones Read the Complete Story On Skift

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Hotel Signings Remain Strong in India Despite Slow May – India Report

Skift Blog

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift

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CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

Lodging

WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 percent and +1.8 percent, respectively.

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Water Parks Boost APAC Hotels

Hotel Management

Hotels in Asia-Pacific with water park amenities achieve higher revenues and guest satisfaction, demonstrating the growing trend of aquatic attractions as key to enhanced resort performance. higher than regional averages. For instance, data reveals that hotels in Asia-Pacific with WhiteWater installations achieved a RevPAR 119.6%

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STR, TE Lift ADR and RevPAR Predictions in Final U.S. Hotel Forecast Revision of 2023

Lodging

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.

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Rates drop in key New Zealand’s two largest cities

Hotel Management

According to Colliers Hotels New Zealand Hotel Market Snapshot for Q1, based on information from Hotel Data New Zealand, revenue per available room (RevPAR) was up 6.5% This follows a record average daily rate of NZ$673 that was reached on 31 December 2024. to NZ$239 in Queenstown for the year ending 31 March.