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

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.

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

Hotel News Resource

AUGUST 11, 2023

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

Hotel Management

FEBRUARY 20, 2024

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Trading should recover further, whilst real estate headwinds may ease.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

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. While that RevPAR growth remains above the long-term historical average, most of the increase was frontloaded to the early portion of the year. Average Daily Rate (ADR) was upgraded 0.1 PARSIPPANY, N.J. —

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Hotel News Resource

APRIL 17, 2023

Madrid, on the other hand, has been running 20-30% ahead of pre-pandemic levels in terms of average daily rate (ADR) and has been consistent in holding rates regardless of market events. Barcelona's occupancy recovery has generally outpaced Madrid's, but not by much.

Average Daily Rate 52

Average Daily Rate Occupancy Tourism Events 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

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

Amadeus Hospitality

DECEMBER 5, 2023

We now have clarity of market conditions and how we can grow our position in the travel ecosystem,” says Martina Gelardi, Strategic and Sustainable Tourism Planning, EMPROTUR Bariloche. Although winter is its strongest tourism season, Bariloche was interested in developing a sustainable strategic plan to grow demand throughout the year.

Tourism 52

Tourism Business Average Daily Rate Travel 52

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. per cent to 75.6

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

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to $177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by Dec. Overall, travelers booked with more commitment to travel than the year prior.

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

SiteMinder

FEBRUARY 13, 2023

Despite the average daily rate (ADR) of a hotel room rising 24% year-on-year to US$177, booking momentum remained robust, with reservation volumes rising to 104% of 2019’s levels globally by December 31. Overall, travellers booked with more commitment to travel than the year prior.

Average Length of Stay 52

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

Skift Blog

APRIL 3, 2024

Skift Take: International expansion is a crucial part of IndiGo's 2030 vision. It is placing strong emphasis on codeshare agreements to achieve this goal. Bulbul Dhawan Read the Complete Story On Skift

Average Daily Rate 141

Average Daily Rate Branding Tourism Travel 141

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

Cloudbeds

JANUARY 17, 2024

Capitalize on experiential tourism The shift in traveler preferences from destination-focused to experience-focused tourism represents a significant marketing opportunity for lodging businesses. Make sure you collect and respond to reviews, and double-check that all the information in your profile is correct.

Hotel Marketing 98

Hotel Marketing Market Marketing Hotels 98

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. Data analytics and insight generation through market-leading tools.

Revenue Management 52

Revenue Management Revenue Services Management 52

Cloudbeds

APRIL 30, 2024

Some destinations may be evergreen tourism hotspots, while others may have fluctuations due to a newer craze. Begin by examining your current revenue management metrics – average daily rate (ADR) , RevPAR, and occupancy being the most salient. Traveler trends can significantly influence demand.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 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. Hotels and tourism typically make up 10% of worldwide GDP. An annual revenue growth rate of 4.2% Hotel occupancy will increase 2.5% globally next year. in the next 12 months.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotel Management

OCTOBER 3, 2023

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130

Scale Construction Average Daily Rate Hotels 130

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

JANUARY 8, 2024

From food and beverage to travel and tourism, any role within the hospitality sector requires providing a service to customers. Travel and Tourism Tourism is different from hospitality as travel functions as a catalyst for people to spend more money on hospitality services.

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