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“The region’s thriving tourism sector, coupled with the irreplaceable location of the Rydges Gold Coast Airport Hotel, were key drawcards for Star Group, guaranteeing strong, consistent demand from both domestic and international travellers,” Bunz said.
Conversely, outbound travel by New Zealand residents saw a 6.6% The number of New Zealand residents travelling overseas in April matched the levels seen in April 2019, with Queenstown once again topping the performance rankings with RevPAR climbing 17% year-on-year. Occupancy in this segment reached close to 78%.
TROY, Michigan—With an averagedailyrate (ADR) for a U.S. in October 2023 —virtually every traveler in every hotel price bracket is paying more for a hotel room. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms appeared first on LODGING Magazine. hotel room of $158.45 According to the J.D.
But in May, there was a significant decline in averagedailyrates 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
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0
Properties equipped with aquatic attractions like water slides and play areas consistently outperform their counterparts in revenue metrics such as AverageDailyRate (ADR) and Revenue Per Available Room (RevPAR). higher than regional averages.
This follows a record averagedailyrate of NZ$673 that was reached on 31 December 2024. In Wellington, occupancy and averagedailyrates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy.
Group bookings are calculated using occupancy and averagedailyrate (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.
General Managers and other senior staff from top hotels gathered heard from a variety of guest speakers about market conditions including the impact of cost-of-living pressures and global uncertainty on the travel and hotel landscape. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.
Following a surge in international arrivals and steady domestic demand last year, CBREs latest Hotels Australia Overview and Outlook report shows that the pace of growth will continue at a moderate rate in 2025.
May 22, 2025: AMT (By FANGCANG Group), the corporate hotel management and advertising platform, will support hotels to directly advertise to targeted corporate customers and travel management companies. Several international and domestic hotel brands in mainland China have been reporting lower occupancy and averagedailyrates (ADRs) in 2024.
The averagedailyrate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. RevPAR growth is expected to reaccelerate beginning in Q4 2024, supported by recent interest rate cuts, easing inflation and rising stock market trends. “U.S. leisure demand.
The rises complement a year-on-year increase in both length of stay and booking lead time during the Christmas week, showing grown confidence in international travel and a return to people booking further in advance. The average length of booked stays for the period is set to increase by 6% in the UK, from 1.98 days to 93.19
These funding cuts are significant and come at a time when inbound international travel into Victoria has plateaued at around 70% of pre-pandemic levels,” said Accommodation Australia (Victoria) General Manager, Dougal Hollis. Budget reductions on this scale, with just $15.5m
CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, AverageDailyRate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.
from the previous forecast, but projections for averagedailyrate (ADR) and revenue per available room (RevPAR) were lifted 1.5% These two chains, which are the segments most associated with business travel and groups, are expected to lead industry demand growth for the remainder of 2023. and 1.3%, respectively.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3
First quarter worldwide RevPAR grew 34 percent year over year, with meaningful gains in both occupancy and averagedailyrate. The lifting of travel restrictions throughout Asia Pacific, particularly in Greater China, significantly boosted first-quarter demand in the region.
Originally published on Amadeus Insights New research from Amadeus shows that social media ads and travel influencers are key channels now driving trip decisions March 20, 2025 – New research from technology innovators Amadeus explores what travelers are looking for from a trip and how technology can make those ambitions come true.
percent increase in averagedailyrate (ADR) with ten consecutive quarters of growth. Each factor is averaged to provide a final index score, ensuring a more accurate overall performance assessment. The overall health index reached the highest level in four quarters. percent compared to 2024. The Group Index was at 107.4
We have also seen incredible growth in yield (AverageDailyRate and RevPAR) and occupancy. In a world where tourists are increasingly seeking authentic, meaningful travel, with easy access, Fiji continues to tick the box. Come and see for yourself, why it is the only place in the world “where happiness comes naturally”.
Whatever the trigger, something shifts – and suddenly, the idea of travel starts becoming a plan. According to Amadeus’ Travel Dreams report, the travel journey can be broken down into four distinct phases: inspiration, booking, experiencing, and post-trip reflections, or takeaways.
Averagedailyrate (ADR) remains an important metric to talk about within the hotel industry. ADR, which stands for averagedailyrate, is the average income per occupied room your hotel makes in a set period of time. Seasonal travel trends. Traveller behaviour changes.
Amadeus, a leading provider of travel technology solutions, and UN Tourism , have released a new report with comprehensive data on travel in Asia Pacific. Notable growth rates include a 9.3% About the data : All data in this report comes from Amadeus Travel Intelligence.
Joint report with UN Tourism highlights growing popularity of Azerbaijan, Kazakhstan and Czech Republic June 18, 2025 – A host of emerging destinations in Western and Central Asia are catching the eye of international travelers this year, as demand for thought-provoking travel continues to rise. across the region.
Lyf – based on the concept of ‘live your freedom’ – targets next-generation travellers including digital nomads, tech start-ups and creatives. Lyf Bugis Singapore “Lyf was first created for the next-generation traveller and has gained strong traction since its debut with Lyf Funan Singapore in 2019.
Despite positive growth in Singapore, most Asia-Pacific markets reported lower RevPAR due to reduced AverageDailyRates (ADR). Tokyo’s inclusion in this list highlights its economic recovery and growing appeal among international travelers due to its affordability and favorable exchange rates.
Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. This trend is spurred by increasing global wealth and the ongoing convergence of living and traveling, respectively. In 2023, two consistent headlines emerged. Do these themes play out closer to home?
13, 2024 — Cendyn’s Sales Intelligence platform, previously known as Knowland, and Amadeus , a leading travel intelligence and technology provider for the travel industry, today present the metrics from the companies’ Hospitality Group and Business Performance Index (the “ Index ”). Las Vegas meeting volume was at 124.1
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. Australia welcomed 3.4
The cherry on top is that it preserves your averagedailyrate (ADR) while elevating the guest experience, satisfaction, and loyalty. Instead of putting discounts everywhere, you could create loyalty programs, offer member only rates, and offer bespoke incentives. That feels way more special, right?
SiteMinder’s new Hotel Booking Trends report, a hotel commerce data analysis of more than 36,000 hotels and 450+ connected booking integrations, has revealed travelers booked their trips on average eight days earlier, and canceled their bookings 17% less year-on-year in 2022, despite a 24% increase in the averagedaily hotel room rate.
The data, comparing bookings at the same properties across nine markets 30 days before Easter in both 2024 and 2025, reveals not only stronger demand but travellers securing their accommodation earlier and increasingly looking beyond their home countries. more bookings on average, compared to Easter 2024. average increase.
With rising inflation across the world, it’s not surprising that the averagedailyrate has risen, but it didn’t deter reservations in 2023. market in particular, key findings include: Travel has recovered and tops pre-pandemic levels. Average occupancy in 2023 was 49.1%, a 3% increase YOY and 19% higher than 2019 levels.
For Trip.com, the extended partnership means access to more hotels and the ability to expand its inventory to deliver world-class travel experiences. As a reflection of the lucrative Chinese travel market’s spending habits, the averagedailyrate of those bookings was 10 percentage points higher than the global average.
Growth was largely driven by higher AverageDailyRates (ADR), which outpaced inflation. Demand from transient travellers and weekday business travel remained stable, helping to offset weaker group and weekend demand. International travel, particularly from the U.S., travel is anticipated.
“With continued momentum in demand for global travel, we posted another quarter of outstanding results,” said Marriott International President and Chief Executive Officer, Anthony Capuano. Greater China rebounded quickly once travel restrictions were lifted in January, with second quarter RevPAR surpassing pre-pandemic levels.”
Group bookings are calculated using occupancy and averagedailyrate (ADR.) Optimism for improving corporate travel – Reflecting the potential upward trajectory of business travel, there are promising signs as the negotiated segment inches closer to pre-pandemic levels. markets have recovered 99.1%
Todays travelers, especially wellness-conscious guests, are no longer satisfied with basic amenities. trillion by 2025, growing at a rate of 9.9% Travelers increasingly expect hotels to go beyond traditional spa services by offering personalized, high-tech wellness experiences that align with their health goals.
Demand for leisure and business travel across most key markets drove strong rate growth, with group-wide averagedailyrate (ADR) increasing by 10% compared with the previous year.
With consumer behaviours evolving, and the lines between tech platforms, marketing, and operations blurring, a modern strategy goes far beyond just listing rooms on online travel agents (OTAs). STAAH even includes a Travel Agent & Corporate Travel Module (TACT) real-time offline bookings.
Bangkok, Thailand Thailands Songkran festival has cemented itself as a drawcard for international travellers, with overseas guests now accounting for 86% of scheduled hotel check-ins between 10-17 April. In Koh Samui, where the longest-staying guests are set to arrive, the average length of stay has increased by 1.5%, from 3.74
Unique Amadeus business intelligence data reveals substantial growth in hotel occupancy over the end of year holidays, with the Caribbean and Asia Pacific at the top of the list December 10, 2024 – As the holiday season approaches, hoteliers are preparing for a surge of travelers seeking warmer climates this year. Lihue, Hawaii 93% 2.
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