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STR, TE upgrade U.S. ADR and RevPAR forecast

Hospitality Net

hotel forecast revision of 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.

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STR, TE Lift ADR and RevPAR Predictions in Final U.S. Hotel Forecast Revision of 2023

Lodging

hotel forecast revision of 2023. Hotel Forecast Revision of 2023 appeared first on LODGING Magazine. HENDERSONVILLE, Tennessee—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. For 2023, growth in RevPAR was raised by 0.3

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STR and Tourism Economics Upgrade U.S. Hotel ADR and RevPAR Forecast

Hotel News Resource

hotel forecast revision of 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.

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Forecast for new hotel openings in the Americas through 2025

Hotel Business

In 2023, LE is forecasting the Americas region to open 718 new hotels having 92,498 rooms. Most of the new hotel openings in 2023 will occur within the upper-midscale chain scale, where 288 projects/29,823 rooms are scheduled to open, followed by the upscale chain scale, where 180 projects/24,552 rooms are forecast to open.

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The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. Your future sales forecast? It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Sunny skies (and success) are just ahead!

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Forecast Accuracy: Why Mape?

Hospitality Net

Yield management allows hotels to manage the capacity of their rooms more profitably, and the accuracy of statistical forecasting determines how useful it will be. Inaccurate forecasts can result in decreased revenue, earnings, and operational challenges, which makes getting it right critical.

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Introducing Further Forecast: Design Hotels’ Inaugural Annual Trend Report

Hospitality Net

In the inaugural Further Forecast trend report by Design Hotels, we define six key themes over 158 pages of actionable insights, case studies, and interviews that will transform the industry in 2024 and beyond—and the way we travel today, tomorrow, and for years to come.