Hotel Business

FEBRUARY 6, 2025

. “All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into 2025. compared to the same period in 2023 due to increases in both occupancy and ADR. 31, 2023 Diluted EPS was $2.06

Pipeline 59

Pipeline Occupancy Construction Revenue 59

Hotelier Magazine

FEBRUARY 10, 2025

Record hotel performance despite moderating growth Revenue Per Available Room (RevPAR) reached a record high in 2024, though growth slowed to four per cent year-over-year, following increases of 18 per cent in 2023 and 91 per cent in 2022. Overall occupancy levels remained flat, increasing by just 0.1 per cent of revenue.

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52

SiteMinder

JUNE 5, 2025

What is hotel construction? Hotel construction refers to the process of designing, planning, financing , and building new hotel properties, or significantly renovating existing ones. Table of contents Why does hotel construction cost so much? Construction projects are notoriously prone to overruns.

Construction 52

Construction Management Hotels Operations 52

Hotel Speak

OCTOBER 3, 2024

Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Robert Shrimsley, Financial Times 2.

Hospitality 122

Hospitality Average Daily Rate Occupancy Intent 122

Hotel Management

MAY 2, 2023

New data from STR shows that the city had its best month on record for hotel occupancy in March with an average of 8,376 room nights occupied each night of the month, creating an all-time high of more than $60 million in revenue.

Hospitality 130

Hospitality Events Real Estate Pipeline 130

Hotel Business

APRIL 25, 2024

Wyndham Hotels & Resorts , for the first quarter ended March 31, reported that global RevPAR grew 1% in constant currency and ancillary revenues grew 8% compared to the first quarter of 2023. The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter.

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotelier Magazine

FEBRUARY 27, 2025

January 2025 (percentage change from 2024) Occupancy: 49.8 per cent) Revenue Per Available Room (RevPAR): $89.60 (up 3.1 Among the provinces and territories, British Columbia recorded the highest occupancy level (52.9 Among the major markets, Vancouver saw the highest occupancy (60.7 per cent (up 0.3 per-cent above 2024.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Construction 59

Hospitality Tech

JUNE 5, 2023

Survey Finds While Occupancy Rates, ADRs, and Revenues Are Up, New Construction is Down to 2015 Levels.

Construction 52

Construction Occupancy Hospitality Revenue 52

Hotel Business

JULY 25, 2024

Ancillary revenues increased 6% compared to second quarter 2023. RevPAR results were driven by growth of 90 basis points in occupancy, partially offset by a decline of 50 basis points in ADR. APAC occupancy declined 7% and ADR declined 5%. Awarded 180 development contracts globally, including 96 contracts in the U.S.,

Pipeline 104

Pipeline Ancillary Revenue Occupancy Branding 104

Hotelier Magazine

MAY 15, 2025

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 noted Concord has eight hotels under construction, while Toor is building strategically in high-barrier markets.

Real Estate 52

Real Estate Hotels Operations Sales 52

Hotel Business

FEBRUARY 15, 2023

reported total revenues of $1.4 ” Q4 and full-year 2022 highlights Total revenues reached a company record of $1.4 million in total revenues. and a 130-basis-point increase in occupancy levels compared to fourth-quarter 2019. million revenue contribution from Radisson Hotels Americas. RevPAR increased 20.4%

Revenue 59

Revenue Pipeline Branding Scale 59

Hotel Business

FEBRUARY 11, 2025

He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. Owned, leased and other revenue, net of direct expenses, totaled $100 million in Q4, compared to $151 million in Q4 2023. . “Full-year global RevPAR rose 4.3% to more than 1.7 million rooms worldwide at year-end.

Market 64

Market Marketing Pipeline Branding 64

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction. What are hotel costs?

Revenue 52

Revenue Hotels OTA Operations 52

Hotel Business

FEBRUARY 7, 2024

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2019, and management and franchise fee revenues increased 38.5% compared to the same period in 2019, and management and franchise fee revenues increased 33.1%

Pipeline 115

Pipeline Revenue Branding Occupancy 115

Hotel Business

JULY 26, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1% compared to the same period in 2019, and management and franchise fee revenues increased 30.8% compared to the same period in 2019, and management and franchise fee revenues increased 28.7%

Pipeline 98

Pipeline Revenue Occupancy Branding 98

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 It was not overlooked that in view of the general rising costs of construction, it was more pronounced in the regions, prompting Wesley Milsom of Salter Brothers to remind us of the practicality of modular construction. South Australia is the place to be,” she said.

Tourism 130

Tourism Hotels Construction Real Estate 130

Hotel Business

AUGUST 15, 2024

increase in revenue per available room (RevPAR) growth for 2024, down from the 2% estimated in May 2024. and a 10-basis point increase in occupancy. CBRE forecasts compound annual growth in supply of under 1% over the next three years, as elevated financing and construction costs temper construction activity.

Forecasting 59

Forecasting Construction Events Occupancy 59

Hotel Business

JUNE 12, 2023

The resulting white paper, titled “Hotel Borrowing Costs are Rising—But So Are Occupancy Rates,” projects positive outcomes based upon rising demand that will bolster key industry metrics, such as occupancy rates, ADR and RevPAR, while new construction is down to 2015 levels. “We Hoteliers expect room rates to rise by 8.3%

Occupancy 52

Occupancy Construction Revenue Hospitality 52

Hotel Business

FEBRUARY 14, 2023

With the exception of Greater China, RevPAR in all regions more than fully recovered and continued to show meaningful advances in occupancy and ADR. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. & worldwide, 23.6% in the U.S. & worldwide, 5.2%

Pipeline 98

Pipeline Forecasting Market Marketing 98

Hotel Business

APRIL 12, 2023

Speaking about the drivers behind this performance, Thomas Magnuson, CEO, Magnuson Hotels, said that this is a direct result of the company’s unique OTA-alternative distribution strategy designed for enhancing occupancy levels as well as its Fair Franchising policies that ensure owners retain a higher percentage of revenue.

OTA 59

OTA Revenue Construction Occupancy 59

Hotel Business

OCTOBER 24, 2024

“Our teams around the world once again delivered exceptional results, executing our long-term growth strategy and achieving 7% growth in comparable adjusted EBITDA fueled by continued system expansion, higher royalty rates and growth in our ancillary revenues,” said Geoff Ballotti, president/CEO. “We which increased 10% YOY.

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

Hotel Business

MAY 2, 2023

First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter. . & Canada and 63.1% “We are off to a great start in 2023.

Pipeline 105

Pipeline Forecasting Construction Market 105

Hotel Business

FEBRUARY 16, 2023

Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. Hotel franchising segment revenues grew 12% compared to fourth-quarter 2021 and 16% for the full year. and 9% internationally.

Pipeline 59

Pipeline Revenue Construction Services 59

Boutique Hotel News

JUNE 28, 2023

UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at its Piccadilly property. The additional 20 rooms at Z Piccadilly will increase the hotel’s total room count to 132.

Occupancy 52

Occupancy Hotels Construction Consumer 52

Hotel Business

OCTOBER 25, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% compared to the same period in 2019, and management and franchise fee revenues increased 36.4% compared to the same period in 2019, and management and franchise fee revenues increased 31.3%

Pipeline 59

Pipeline Occupancy Revenue Branding 59

Hotel Business

NOVEMBER 2, 2023

Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise.” Group and business transient saw mid-single-digit hotel revenue gains in the quarter, largely driven by rate increases. Of our record 557,000-room pipeline, 43% is under construction.”

Pipeline 69

Pipeline Construction Revenue Sales 69

Hotel Business

MAY 1, 2024

“Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Group RevPAR in the region rose nearly 5% YOY, with growth in both rate and occupancy.” Owned, leased and other revenue, net of direct expenses, totaled $71 million in the quarter, compared to $75 million in the year-ago quarter.

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Hotel Business

OCTOBER 26, 2023

leisure demand, and international occupancy continued to recover. Adjusted EBITDA increased 5% to $200 million primarily reflecting higher fee-related and other revenues as well as marketing fund variability. Approximately 80% of the pipeline is new construction, of which approximately 34% has broken ground. infrastructure bill.

Pipeline 64

Pipeline Market Share Branding Revenue 64

Hotel Business

JULY 18, 2024

On top of this, expenses are growing at a faster rate than revenues in many markets, and while overall labor expense increases are moderating, there are several major markets that face higher wage resets in the coming years. increase in occupancy. ” Meliker expects RevPAR growth to end the year up 1.8%, driven by a 2.6%

Occupancy 52

Occupancy Revenue Travel Operations 52

Hotel Business

FEBRUARY 15, 2024

Internationally, YOY RevPAR growth for both the fourth quarter and the full-year was primarily driven by higher occupancy levels. Operating Results Fourth-quarter 2023 Fee-related and other revenues was $320 million compared to $310 million in fourth quarter 2022 reflecting global net room growth as well as higher license and ancillary fees.

Pipeline 72

Pipeline Revenue Market Marketing 72

Hotel Business

JANUARY 24, 2024

Hotel Business spoke with renovation and repositioning specialist Tallal Bhutta, a leading authority on executing hotel conversions, and founder/CEO of BDB Construction Enterprise, who discussed the benefits of hotel conversions. Where should hoteliers begin? Why should hoteliers look to conversions? Tallal Bhutta (Photo: Erik W.

Construction 59

Construction Hotels Shopping Occupancy 59

Hotel Business

APRIL 27, 2023

Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. On a comparable basis, fee-related and other revenues increased 11% YOY, primarily reflecting global RevPAR growth of 9%, higher franchise fees and incremental license fees. billion to $1.41

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Business

JULY 31, 2024

Group RevPAR rose nearly 10% year-over-year, with both rate and occupancy increasing in the mid-single digits. Over 209,000 rooms in the pipeline were under construction as of the end of the second quarter. Adjusted results excluded cost reimbursement revenue, reimbursed expenses and merger-related charges and other expenses.

Pipeline 59

Pipeline Construction Operations Branding 59

Hotel Business

APRIL 29, 2025

compared to the same period in 2024 due to increases in both occupancy and ADR. Management and franchise fee revenues increased 5.1% Additionally, of the rooms in the development pipeline, nearly half were under construction and more than half were located outside of the U.S. compared to the same period in 2024.

Pipeline 59

Pipeline Branding Construction Occupancy 59

Hotel Business

MARCH 1, 2024

While global hotel revenue per available room (RevPAR) remains elevated, surpassing 2019 levels by 11.7% As global hotel development slows amid rising construction costs, brand platform acquisitions are expected to drive shareholder value and become a major focus for investors over the long term.

Real Estate 64

Real Estate Hotels Travel Branding 64

Hotel Business

OCTOBER 23, 2024

compared to the same period in 2023 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 8.3% compared to the same period in 2023 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 10.7% 30, representing growth of 8% from Sept.

Pipeline 59

Pipeline Occupancy Revenue Construction 59

Hotel Business

JULY 27, 2023

Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. On a comparable basis, adjusted EBITDA increased 8% YOY primarily reflecting higher fee-related and other revenues. billion to $1.41

Pipeline 52

Pipeline Revenue Construction Branding 52