This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Australia’s hotel sector is set to see a boom in business thanks to new international flight routes, with CBRE anticipating demand for up to 1.9 CBRE’s From Runway to Room Nights report found that 56 new routes have added 10,500 annual flights into key Australian cities, which could lift Australia’s hotel occupancy by an average of 3.4%
Event-related occupancyforecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) General Manager, Dougal Hollis.
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 CBRE projected a 1.3
hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Occupancy for the year was raised 0.1 Occupancy for the year was raised 0.1 percent and +1.8
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. CBRE now forecasts a 0.5% This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. “At
CBRE forecasts a 1.3% increase in RevPAR for 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. Occupancy and ADR are predicted to rise by 14 bps and 1.2% increase in ADR.
For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For example, if occupancy suddenly drops, the platform sends an alert with a suggested offer and segment.
Predictive analytics can forecast demand, helping hotels optimize staffing levels and inventory. AI-enabled energy management systems adjust lighting and climate settings based on occupancy, reducing costs and environmental impact.
This alignment of incentives fosters cooperation between utility providers and business consumers to identify energy reduction opportunities. Additionally, 76% of business executives prefer corporate travel choices that uphold sustainability, even at a higher cost. According to the U.S. For instance, U.S. This is almost half the 6.6%
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. For example, targeting people looking for a local getaway during shoulder seasons or offering special deals to business travelers for repeat bookings.
Picture a system that displays your hotel's current status and forecasts its future. This is what hotel business intelligence software accomplishes. This guide will explore how hotel business intelligence operates, why it matters, and how it can boost your hotel management. But how can you interpret all this information?
So surely the UK is becoming a tougher place to run a travel or hospitality business? And theres the Autumn Budget 2024, now implemented with full effect, that will increase the annual tax bill for UK hospitality businesses by a projected 3 billion per year. Business hurdlesor opportunities? occupancy growth.
hotel forecast Second-quarter slowdown and macroeconomic headwinds weigh on RevPAR outlook, with modest recovery expected in the second half of the year Jun 12, 2025 Consulting firm PwC has revised its 2025 U.S. hotel performance forecast downward, citing economic uncertainty, geopolitical tensions, and a soft second quarter.
Operating a hotel without solid answers to core business questions is like flying blind. Its no longer enough to glance at daily occupancy numbers or fleeting ADR trendshoteliers must dig deeper to ensure that every decision they make aligns with profitability and guest satisfaction. What is your forecast for the next 1218 months?
Overall occupancy levels remained flat, increasing by just 0.1 Demand from transient travellers and weekday business travel remained stable, helping to offset weaker group and weekend demand. ADR growth is forecasted at 1.7 per cent year-over-year. per cent to total supply. per cent inflation. Group demand contracted by 3.3
Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand. By analyzing booking patterns, guest behavior, and local events, hotels can anticipate occupancy rates and adjust strategies accordingly.
Joe Amati from Destination Canada emphasized tourism’s robust contribution to the national economy, forecasting annual growth of 5.42 Despite shortened booking windows, “overall occupancy on the books is right where it should be.” Despite shortened booking windows, “overall occupancy on the books is right where it should be.”
Key Pricing Strategies: Dynamic Pricing : Adjust rates based on real-time occupancy, demand, and competitor rates. Read More - Best Hotel Pricing Strategies to Maximise Revenue Special Rates for Special Seasons Why it works: Seasonal demand impacts occupancy rates, requiring price adjustments. amenities, luxury).
The platform caters to high-value market segments including business travellers on extended assignments, individuals relocating for work, digital nomads, and corporate managers booking accommodation for their team. A single 30-day booking can replace 15 separate short-term reservations, also improving your revenue forecasting.
This makes it particularly relevant for businesses like hotels (but also restaurants, casinos, or airlines), which often face high rent expenses. Business intelligence software To improve EBITDAR, teams can use business intelligence software to collaborate, identify opportunities to reduce costs, and find ways to increase revenue.
Revenue management relies heavily on core principles such as data collection and forecasting. Forecasting: Using historical data and market trends to predict future demand and optimise pricing accordingly. Pricing optimisation: Setting the right prices to maximise revenue while maintaining occupancy.
Fewer errors, faster updates, more bookings—Jasmine City Hotel from Thailand loves the power of STAAH’s channel manager Located in the bustling heart of Bangkok, Jasmine City Hotel is a favourite for business and leisure travellers alike.
The report presents a detailed analysis of passenger traffic and capacity trends from March 2023 to February 2025 and provides a forecast extending to August 2025. Market level hotel occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR) across various regions are also detailed in the report.
Episodes discuss market performance, forecasting , and the impact of various factors in the hospitality industry. The Boostly Podcast is for hospitality business owners, managers, and marketers looking to enhance their direct booking strategies and gain independence from OTAs. Who’s it for? Who’s it for? Who’s it for?
Business Intelligence Agents: Forecasting with Real-Time and Historical Data Hotel forecasting has historically relied on manual reporting, static historical data, and siloed systems. In todays volatile market conditions, such agility is vital.
The GDS is particularly useful for connecting with corporate travel programs and winning business transient bookings. There are also third-party businesses that run Amadeus GDS courses and certifications, if youre really looking to upskill and gain a depth of knowledge – which will be useful if you want to optimise your GDS strategy.
He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. With our powerful, cash-generating asset-light business model, we look forward to delivering strong, valuable growth as we continue to connect people around the world through the power of travel.” to more than 1.7
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 CBRE forecasts a 2.0
It’s a business decision. Guests usually enter their rooms from inside the building, and the atmosphere caters to both leisure and business travellers. Meanwhile, business travellers also have high expectations. When travellers are weighing up where to stay, the terms “hotel” and “motel” might seem interchangeable. The result?
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. MJH is aligning its tech strategy and business ambition to build a better foundation for the future.
Bar rate : Best available rate (BAR) is often lower than the rack rate and fluctuates based on demand, season, and occupancy. Target audience: Know your guestsleisure travellers might prioritise affordability, while business travellers often value convenience. Its a dependable benchmark for your revenue targets.
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. MJH is aligning its tech strategy and business ambition to build a better foundation for the future. Agilysys Book with S.P.E.N.D.
Morgan points to the industry’s remarkable recovery post-pandemic, which continues to resonate across segments such as business travel, where expenditures have exceeded the high-water mark of 2019. According to Tourism Economics’ latest forecast, 2025 remains on track to achieve over 1.6
By tracking occupancy trends, revenue forecasts, and guest preferences, hotels can fine-tune their marketing strategies and improve personalized guest experiences. Access real-time reports on revenue, occupancy, and housekeeping. Stay in control of your business—even while on vacation.
Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. These tools use data-driven insights, automation, and forecasting to ensure youre charging the right price at the right time. What Are Revenue Management Tools?
Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. Laport echoed the sentiment: Fantastic time to be in the business you just have to be careful and go after it.
By generating reports and analytics, the PMS provides valuable insights into occupancy trends , revenue performance, and guest preferences. A robust PMS provides insights into occupancy trends, revenue metrics, and guest behavior patterns, allowing hoteliers to forecast demand and adjust strategies accordingly.
In this guide we’ll reveal everything that hotel businesses need to know about invoices: why they’re important, how and when they’re created, and how a hotel can better manage them. It offers transparency to guests and shows that your business is trustworthy. Hotel invoices and hotel receipts are slightly different documents.
Whether its a seamless check-in process, personalized dining recommendations, or proactive problem-solving, customer satisfaction is at the heart of every hotel, resort, and travel business. Conversely, during low-occupancy periods, prices can be lowered to attract more bookings while still maintaining profitability.
Social Connect: Enables AI-powered guest engagement across popular social platforms including Facebook, Instagram, Messenger, and WhatsApp Business. Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs.
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. And Payments simple transparent fixed-rate model reduces the complexity of interchange fees, making forecasting, and budgeting easier and more accurate.
Is your housekeeping labor cost in line with occupancy? By establishing internal baselines, you can measure improvement in ways that actually matter to your business. And remember, analytics doesn’t stop at revenue. You should also be asking: Are your internal operations efficient? Are service tickets closed on time?
Custom Connectivity for Every Tier The RUCKUS hospitality solutions work together seamlessly, allowing businesses to pick and choose the right combination for their specific needs. And Payments simple transparent fixed-rate model reduces the complexity of interchange fees, making forecasting, and budgeting easier and more accurate.
CBRE forecasts that RevPAR will continue to grow steadily in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBREs baseline forecast includes a 2.4% higher in 2025 compared with pre-pandemic levels in 2019.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content