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WASHINGTONCoStar and Tourism Economics downgraded growth projections in a revised 2025-26 U.S. hotel forecast released at the NYU International Hospitality Investment Forum. Given Q1 underperformance and elevated macroeconomic concerns, forecasted growth rates were lowered across the top-line metrics: supply (down 0.1
NASHVILLE—STR and Tourism Economics downgraded the growth rate in the final U.S. hotel forecast revision of 2024. percent, after the previous forecast projected the metric to remain steady from 2023. percent, after the previous forecast projected the metric to remain steady from 2023. percentage points to +1.5
Skift Take: A new forecast from hotel broker JLL hits a note of optimism at a time when some critics worry Thai tourism is hitting the skids. Expect people to do fewer hotel deals in Thailand this year, but for those deals to be bigger. Read the Complete Story On Skift
WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. 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
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. hotel forecast revision of 2023. Hotel Forecast Revision of 2023 appeared first on LODGING Magazine. For 2023, growth in RevPAR was raised by 0.3
planemaker Boeing slightly raised its annual 20-year forecast for new jetliner deliveries, propelled by the strength of the narrowbody market fueled U.S.
Travel Association released its biannual forecast for travel to and within the United States through 2027, showing that international inbound and domestic business travel will remain below pre-pandemic levels in 2024. The forecast, prepared by Tourism Economics, was released after U.S. WASHINGTON—The U.S.
Amadeus, a leading provider of travel technology solutions, and UN Tourism , have released a new report with comprehensive data on travel in Asia Pacific. 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.
According to Colliers Hotels New Zealand Hotel Market Snapshot for Q1, based on information from Hotel Data New Zealand, revenue per available room (RevPAR) was up 6.5% New Zealands international visitor numbers sit at 86% of pre-Covid levels, with the Tourism Export Council of New Zealand forecasting a full recovery by March 2027.
Event-related occupancy forecasts 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.
Both Melbourne and Sydney properties are forecasted to have 100% occupancy during concert dates and transient revenue is up to 30% stronger in comparison to other popular concerts,” Hutton told HM exclusively, noting that many hotel guests are asking if they are able to decorate their rooms with Taylor merchandise. ‘On
In the 22nd edition of the HM Industry Leaders Forum, HM invited leading hoteliers, tourism professionals and suppliers across Asia Pacific and the world to their insights into the hotel landscape and their outlook for the year ahead. Here, Travel and Leisure Co.
Hospitality.today⢠Topics Subscribe Topics ⺠Hospitality ⺠Market Data PwC downgrades 2025 U.S. 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. growth in Q3 and 1.8%
Hospitality.today⢠Topics Subscribe Topics ⺠Hospitality ⺠Sales & Marketing Senate proposal threatens to cripple U.S. tourismmarketing U.S. Brand USA, the nationâs destination marketing organization, plays a critical role in promoting the U.S. Olympics 2028 Jun 12, 2025 The U.S. Industry backlash: The U.S.
The World Travel & Tourism Council ’s (WTTC) 2023 Economic Impact Research (EIR) has revealed that the U.S. travel & tourism sector is forecast to exceed the 2019 peak this year. WTTC is also forecasting that the sector will create more than 1.2 WTTC is also forecasting that the sector will create more than 1.2
STAAH, a leading technology company helping hoteliers unlock their full revenue potential, has unveiled its list of distribution channels that brought the highest booking revenue to hotels in key tourism destinations across Southeast Asia, including Malaysia, Vietnam, Singapore, Indonesia, Thailand and Philippines, over the past year.
New consumer preferences and habits have emerged in the first half of 2024 in an Asia Pacific tourism sector which is recovering from the pandemic years in an uneven manner. China as a destination has its challenges too. Dr Liu said that inflation, labour supply challenges and regional conflicts were dampening recovery.
Uluru is set for a tourism boost with Virgin Australia announcing two new direct services from Melbourne and Brisbane to be introduced from June next year. The new services will also support the growth of the Indigenous Tourism sector, contributing to the Northern Territory’s more than $3 billion visitor expenditure.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.
The global business travel market is now expected to reach 2019’s pre-pandemic levels by 2024, two years earlier than expected, following a year of significant gains over the last 12 months. last year, dropping China down to the number two business travel market in the world for the first time since 2014.
Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” Given Sydney’s CBD represents the epicentre of tourism and business within Australia, and noting the breadth of ancillary services (retail, hospitality, etc.),
The World Travel & Tourism Council’s (WTTC) Travel & Tourism Economic Impact 2023 Global Trends Report has revealed an encouraging resurgence in travel & tourism investment, overcoming pandemic setbacks and signaling a strong return to growth. ” A look into the future WTTC forecasts robust 11.5%
Data shows strong growth, especially in the Caribbean and Central America April 30, 2024 – Demand for travel to destinations across the Americas is on the rise, a new report released today by Amadeus in collaboration with UN Tourism shows. UN Tourism data shows that an estimated 1.3 The full report is now available to download. [1]
Sojern , a digital marketing platform built for travel, has launched the “ State of Destination Marketing ” report for destination marketing organizations (DMOs). Sojern commissioned this report to ensure its global destination clients have access to the most comprehensive marketing insights.
The World Travel & Tourism Council (WTTC) , the global body representing the travel and tourism private sector, revealed its latest Economic Impact Research, which found that the U.S. The loss wont be felt by travel and tourism alone, with WTTC saying it represents a direct blow to the U.S. According to the study, the U.S,
Australian-owned global fund manager Salter Brothers is expanding its services to the Japanese market through a strategic partnership with TC Hotels and Resorts Beppu Corporation (TCH&R-B), a wholly owned subsidiary of Tokyo Century Corporation.
Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. For hotel managers and the industry as a whole, accurate forecasting is not just beneficial—it’s essential for maintaining competitiveness and profitability in a dynamic market.
One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Accurate forecasting also benefits hotels’ bottom lines in other ways. But traditional forecasting models no longer cut it. Relying on historical data hinders performance since no season is ever identical to the last.
STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. hotel forecast presented at the recent 15th annual Hotel Data Conference. The post STR and Tourism Economics Lower Growth Forecast for U.S. PARSIPPANY, N.J. — per cent, due to a 0.6-
Domestic tourism definition Domestic tourism’s definition is much the same as domestic travel, except it takes into account only those who are travelling for leisure. Domestic tourism example An example of domestic tourism might be an American family travelling from another state to visit California and stay at Disneyland.
VisitBritain has today, published its tourismforecast for 2024 showing an increase in inbound visits and spending overall to the UK compared to 2023 levels, although with varying rates of recovery and growth across its major inbound visitor markets.
The growing trend of slow tourism offers a refreshing alternative to the fast-paced, overscheduled vacations many travelers have been experiencing. 👉 Read Also - ChatGPT for Hotels: Boost Direct Bookings & Reduce Costs Why People Like It Slow tourism resonates because it creates a richer, more memorable travel experience.
According to the latest forecast by CoStar Group and Tourism Economics, U.S. The forecast also predicts a 1.6-per-cent The growth trend has shifted from the latter half of the year to the first half, primarily driven by the demand generated by disaster-stricken markets in the previous year. HENDERSONVILLE, Tenn.
“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 In the first nine months of 2024, Japan further established itself as the most attractive hotel market regionally.
The travel and tourism industry will experience significant growth in the future, contributing to around 9 percent of global GDP. These forecasts suggest a growing market with plenty of guests to fill hotel rooms. This blog post delves into three fundamental pillars of a successful hotel operation.
Air capacity is well over 100% of 2023 volumes across all regions, demonstrating increased opportunities for travel January 24, 2024 – A new report released today by Amadeus in collaboration with UN Tourism shows a positive trend for air travel and hospitality in the Americas at the start of 2024.
In HM ’ s 2024-2025 Hotel Development Outlook, Choice Hotels Asia-Pac Head of Investments and Portfolio Growth, Trent Conroy, talks strategy to overcome current market challenges. Growth rates are subdued across the region driven by weaker than forecast inbound tourism and persistent levels of inflation and interest rates.
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) revealed that the U.S. Travel & Tourism sector has contributed more to the U.S. According to the global tourism body’s latest research, in 2023 the Travel & Tourism sector’s GDP contribution grew by 7% to reach a total of $2.36
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). Push a ‘3D2N Getaway’ deal across selected markets in minutes. Know whats working, where to invest, and when to pivot.
JLL’s Hotels & Hospitality Group ‘s Global Hotel Investment Outlook 2024 forecasts that global hotel investment volume will increase 15% to 25% year-over-year. This trend is spurred by increasing global wealth and the ongoing convergence of living and traveling, respectively.
Article - Amadeus Leadership Forecasts Emerging Travel Trends for 2025 - They expect nostalgia, personalization, iconic destinations, a booming Asian tourismmarket, and spontaneous connections to make headlines.
Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. That is reflected in the new hotel projects that have been delivered since 2020, with 64% of total rooms being in the midscale to upscale segment and 36% in the upper-upscale to luxury end of the market.”
Hotel revenue per available room (RevPAR) growth across Europe, Asia Pacific, the Middle East, and the U.S. is projected to see modest improvements in 2025.
Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.
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