Hospitality Net

AUGUST 4, 2023

The average daily rate (ADR) increased by 2.6% Total inbound foreign visitors were 27% below pre-pandemic 2019 levels, while the number of Americans traveling to Europe and the Caribbean increased by 5% and 8%, respectively. Executive Summary Hotel fundamentals softened in Q2, largely due to a 1.5%

Average Daily Rate 194

Average Daily Rate Occupancy Hotels Revenue 194

eHotelier

SEPTEMBER 7, 2023

Hickory Global Partners, a global corporate travel alliance that serves corporate travel agencies, corporate travel departments and corporations, has announced the most popular cities for domestic and international business travel as of second-quarter 2023 based on member bookings through Hickory’s platform and average daily rate of spend.

Average Daily Rate 52

Average Daily Rate Business Travel 52

SiteMinder

APRIL 28, 2024

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 average daily rate of those bookings was 10 percentage points higher than the global average.

Travel 110

Travel Market Marketing Average Daily Rate 110

Hospitality Today

APRIL 1, 2024

Luxury hotel rates reached “peak levels” this year, with average daily rates up 70% compared to 2019, according to Virtuoso

Average Daily Rate 40

Average Daily Rate Travel Hotels 40

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

Hotel Management

JUNE 6, 2023

from the previous forecast, but projections for average daily rate (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.

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Speak

JANUARY 25, 2024

With rising inflation across the world, it’s not surprising that the average daily rate 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.

Average Daily Rate 76

Average Daily Rate Revenue Travel Upsell 76

Hospitality Today

NOVEMBER 5, 2023

Group business is back, business-transient demand is boosting hotel average daily rates and U.S. cities are enjoying their comeback

Average Daily Rate 40

Average Daily Rate Business Travel Hotels 40

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. Australia welcomed 3.4

Average Daily Rate 147

Average Daily Rate Revenue Accommodation Occupancy 147

SiteMinder

MAY 8, 2024

Between April 11-18, the average daily rate in Thailand increased to THB 5,421 (US$148), from THB 4,087 (US$120) in the corresponding period last year. This is particularly evident when we compare the rates during the previous Songkran period and the week prior to the celebrations.”

Average Daily Rate 52

Average Daily Rate Revenue Hotels Forecasting 52

SiteMinder

JANUARY 29, 2024

Sydney, Australia – A new report by SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, shows the global hotel industry has been primed for a new era of travel after rises in international hotel arrivals in 2023 triggered a wave of changes in travel behaviour.

Average Daily Rate 64

Average Daily Rate Travel Revenue Hotels 64

Hotel Business

FEBRUARY 22, 2023

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 average daily hotel room rate.

Travel 102

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

Hotel Management

FEBRUARY 13, 2024

Demand for leisure and business travel across most key markets drove strong rate growth, with group-wide average daily rate (ADR) increasing by 10% compared with the previous year.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

eHotelier

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 52

Average Daily Rate Revenue Hotels Business 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. 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?

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Hotel Management

JANUARY 8, 2024

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.

Average Daily Rate 264

Average Daily Rate Scale Accommodation Branding 264

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Despite higher prices, consumers have demonstrated a determination to travel and a desire for distinctive experiences only hostels can provide.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Travel 52

eHotelier

FEBRUARY 28, 2023

The reopening of Japan’s international border several months ago, along with the National Travel Support campaign, have helped boost Tokyo’s hotel average daily rate (ADR) beyond pre-pandemic comparables for two straight months, according to STR.

Average Daily Rate 52

Average Daily Rate Hotels Travel 52

Hotelier Magazine

MARCH 12, 2024

The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.

Hotel Marketing 64

Hotel Marketing Average Daily Rate Market Marketing 64

Hotel Management

AUGUST 3, 2023

“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.”

Average Daily Rate 130

Average Daily Rate Pipeline Revenue Resorts 130

Hotel Business

AUGUST 11, 2023

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. This is according to the 2024 Global Business Travel Forecast , released by CWT and the Global Business Travel Association (GBTA).

Events 98

Events Business Travel Forecasting 98

Hotel Business

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (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%

Revenue 122

Revenue Average Daily Rate Events Business 122

Fuel Travel

MARCH 28, 2024

Travel is up, but so are guest expectations. It is a key indicator of a hotel’s performance as it measures both occupancy rates as well as average daily room rates. RevPAR = Average Daily Rate (ADR) x Occupancy Rate (%). Learn more about Fuel Travel via a demo of our products.

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

Amadeus Hospitality

JANUARY 29, 2024

Unique forward-looking hotel booking data from Amadeus shows high demand for travel across various cities for the upcoming holiday period which runs February 10-17th. According to Amadeus data, average daily rate (ADR) in the top destination of Jinghong is $320 USD, an 8% increase from the week of Chinese New Year 2023.

Average Daily Rate 64

Average Daily Rate Occupancy Hotels Travel 64

Hotel Business

DECEMBER 16, 2022

Travel is back with a vengeance for 2023, according to KAYAK’s 2023 Travel Trends Forecast. travelers from taking bucket list trips in 2023. For the first time, nine out of ten top trending destinations are in Asia-Pacific indicating major pent-up travel demand for the region after two years of restrictions.

Average Daily Rate 59

Average Daily Rate Travel Forecasting 59

SiteMinder

APRIL 16, 2024

New data from SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, reveals a 70% rise in the average booking lead time for hotels in Vietnam, following a sharp rise in international arrivals in 2023. The data was revealed by SiteMinder at the 7th Hospitality Vietnam Conference.

Average Daily Rate 104

Average Daily Rate Revenue Travel Hotels 104

Hotel Management

OCTOBER 24, 2023

“Hotels are emerging as a preferred property investment sector, as new market entrants are drawn to conditions of easing supply, high room rates and the return of international travel,” said Colliers Head of Hotel Transactions, Karen Wales. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Amadeus Hospitality

DECEMBER 21, 2023

And today’s travelers have higher expectations than ever for more sustainable, personalized and flexible journeys. Helping Travelers Throughout Their Journeys We evolved as a company, too, as we considered the question, “ How can we make travel better? ” markets has already recovered by 99.1%

Travel 97

Travel Occupancy Average Daily Rate Global Distribution System 97

Hotelier Magazine

MARCH 25, 2024

Canada’s hotel industry reported a third-consecutive month of occupancy declines but continued growth in Average Daily Rate (ADR), according to CoStar’s February 2024 data. HENDERSONVILLE, Tenn. Group ADR growth (up 7.9 per cent) was the strongest among the segments. per cent) ADR: $181.55 (up 3.8 per cent), which was 0.5-per-cent

Average Daily Rate 59

Average Daily Rate Occupancy Hotels Market 59

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. HENDERSONVILLE, Tenn. In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. per cent to 75.6

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Amadeus Hospitality

OCTOBER 18, 2023

Group bookings are calculated using occupancy and average daily rate (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%

Average Daily Rate 59

Average Daily Rate Business Revenue Hospitality 59

Amadeus Hospitality

JANUARY 25, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). Corporate groups continue to drive meeting and event volume – The larger percentage of events in the corporate segment bodes well for business travel. The fourth quarter of 2023 demonstrated that group business in 10 of the top markets in the U.S.

Average Daily Rate 59

Average Daily Rate Business Events Hospitality 59

Amadeus Hospitality

AUGUST 24, 2023

Originally published to Amadeus Insights By: Peter Waters, EVP Hotel Solutions, Hospitality, Amadeus Amadeus is passionate about travel and we know our partners are too. Our new report, Catalysts for Change: Building the Hospitality Ecosystem of the Future finds that travel is on the upswing.

Travel 52

Travel Average Daily Rate Marketing Strategy Occupancy 52

SiteMinder

APRIL 18, 2024

According to SiteMinder’s vice president of ecosystem and strategic partnerships, James Bishop, the rise in lead time reflects grown confidence and increasingly-proactive planning by ever-savvier travellers, which offers strategic opportunities for the capital’s hoteliers. year-on-year.

Average Daily Rate 59

Average Daily Rate Revenue Management Accommodation Revenue 59

SiteMinder

FEBRUARY 13, 2023

SiteMinder’s new Hotel Booking Trends report, the only hotel commerce data analysis of more than 35,000 hotels and 450+ connected booking integrations, has revealed travellers booked their trips on average eight days earlier, and cancelled their bookings 17% less year-on-year in 2022, despite a 24% increase in the average daily hotel room rate.

Average Length of Stay 52

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

Hotelier Magazine

AUGUST 16, 2023

Average Daily Rate (ADR) was upgraded 0.1 Last quarter, demand underperformed projections in the luxury segment with travellers pulling back on their leisure spending or opting for overseas trips, as well as the midscale and economy portion of the market due to recessionary effects. per cent on a 0.5-per-cent

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Cloudbeds

FEBRUARY 26, 2024

Adam Harris, Co-Founder and CEO of Cloudbeds, said : “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. Online travel agencies (OTAs) have returned stronger than ever.

Average Daily Rate 52

Average Daily Rate OTA Overbooking Travel 52