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% The AFL Gather Round returned to Adelaide for a second year, from April 4-7, and while year over year occupancy dripped slightly by 1.2%, average daily rate (ADR) jumped 15% to AU$372.77.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

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). from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

eHotelier

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 52

Forecasting Average Daily Rate Tourism Revenue 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. 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 Tourism 245

Hotel News Resource

AUGUST 11, 2023

For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024. 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 52

Average Daily Rate Forecasting Occupancy Tourism 52

SiteMinder

MAY 8, 2024

Bangkok, Thailand – It was a lucrative Songkran festival for Thai hotels as the average cost of a hotel room surged by 33% during the festival period in April. This is according to data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels.

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

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

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. For 2023, growth in Revenue Per Available Room (RevPAR) was lowered by 0.5 While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

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

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

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 billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 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. STR and Tourism Economics’ most recent forecast has been upgraded, with full-year ADR expected to be up 8.6 HENDERSONVILLE, Tenn.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

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

Hotel Business

FEBRUARY 22, 2023

In 2022, analysis from SiteMinder’s Hotel Booking Trends showed: Travelers globally booked hotel stays considerably further in advance than in 2021, with hotels seeing a 38% increase in average booking lead time, year-on-year. Travelers showed a continued openness to book directly with hotels in 2022, despite OTAs regaining ground.

Travel 102

Travel Average Length of Stay Average Daily Rate Global Distribution System 102

Hotelier Magazine

JUNE 29, 2023

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 STR and Tourism Economics launched an updated forecast in June and the new version remains similar to the last, projecting full-year occupancy to return to 2019 levels this year.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. 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

FEBRUARY 13, 2023

In 2022, analysis from SiteMinder’s Hotel Booking Trends showed: Travellers globally booked hotel stays considerably further in advance than in 2021, with hotels seeing a 38% increase in average booking lead time, year-on-year. Travellers showed a continued openness to book directly with hotels in 2022, despite OTAs regaining ground.

Average Length of Stay 52

Average Length of Stay Average Daily Rate Travel Global Distribution System 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel average daily rate (ADR) is projected to grow by 4.9% RevPar is also expected to grow, reaching an average of $93. The average length of stay is 1.93

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

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 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Creating a one-stop shop for your guests is important for convenience.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

Hotel management made easy Streamline hotel management, boost revenue, and enhance guest experience with SiteMinder's smart platform. From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Creating a one-stop shop for your guests is important for convenience.

Operations 52

Operations Management OTA Hotels 52

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Travel Hotels 98