Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). The occupancy projection for this year was lowered 0.2% The occupancy projection for this year was lowered 0.2% For 2024, a 1.4%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Management

JANUARY 14, 2025

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.

Business 130

Business Occupancy Forecasting Accommodation 130

Lodging

JANUARY 23, 2024

hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS). percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. Hotel Forecast of 2024 appeared first on LODGING Magazine. For 2024, growth in average daily rate (ADR) was raised by 0.1

Forecasting 179

Forecasting Average Daily Rate Occupancy Tourism 179

Lodging

MAY 16, 2025

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

Forecasting 146

Forecasting Average Daily Rate Occupancy Revenue 146

Hotel Business

NOVEMBER 15, 2024

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.

Average Daily Rate 111

Average Daily Rate Forecasting Occupancy Hotels 111

Hotel Business

MAY 16, 2025

CBRE forecasts a 1.3% Occupancy and ADR are predicted to rise by 14 bps and 1.2% This represents slightly softer growth than had been anticipated in CBREs February forecast, which projected 2% RevPAR growth, based on a 21-bps boost in occupancy rates and a 1.6% CBREs forecast is predicated on an expected 1.4%

Forecasting 64

Forecasting Construction Occupancy Travel 64

Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. The occupancy projection for this year was lowered 0.2 percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 percent and 1.3 percent and 1.3

Forecasting 146

Forecasting Average Daily Rate Occupancy Tourism 146

Lodging

JANUARY 29, 2024

HENDERSONVILLE, Tennessee—Las Vegas hotel average daily rate (ADR) is forecasted to reach $573 for Feb. The market is projected for a Friday through Sunday night occupancy of 87.9 9-11, 2024, which would be the highest level for any Super Bowl weekend on record, according to STR.

Average Daily Rate 276

Average Daily Rate Forecasting Occupancy Revenue 276

Skift Blog

JUNE 14, 2023

Skift Take: This might be the summer of travel, but the economic uncertainty still has consumers choosing value above anything else. Srividya Kalyanaraman Read the Complete Story On Skift

Forecasting 264

Forecasting Travel Consumer Occupancy 264

Hotel Management

AUGUST 31, 2023

In the exclusive video interview below, she says thanks to economic uncertainty, it’s challenging to forecast the key metrics of RevPAR, rate and occupancy, but the United States outlook remains positive. The post Exclusive video: STR President Amanda Hite’s global performance expectations appeared first on Hotel Management.

Forecasting 264

Forecasting Occupancy Management Hotels 264

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Demand Calendar

APRIL 25, 2023

Destination demand forecasting estimates the overall daily demand for hotel rooms in a particular destination. This type of forecasting is essential for understanding the total demand for accommodation in a destination.

Forecasting 96

Forecasting Occupancy Accommodation Revenue 96

Hotel News Resource

AUGUST 5, 2024

In this guide, weÕll revisit the basic fundamentals of revenue management and walk through a step-by-step process to effectively forecast hotel occupancy using real datasets.

Forecasting 75

Forecasting Occupancy Revenue Management Revenue 75

Hospitality Today

JUNE 11, 2025

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.

Forecasting 40

Forecasting Average Daily Rate Occupancy Hotels 40

Hotel Management

APRIL 21, 2025

In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy. While transactions in the hotel space have been infrequent, Anderson says it is starting to pick up.

Average Daily Rate 130

Average Daily Rate Occupancy Tourism Forecasting 130

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Business

MAY 17, 2024

The company’s latest forecast projects a 2% increase in RevPAR growth for 2024, down from the 3% estimated in February. CBRE forecasts GDP growth of 2.3% increase in occupancy. The post CBRE forecasts RevPAR growth to improve in H2 appeared first on hotelbusiness.com. and average inflation of 3.2%

Forecasting 111

Forecasting Construction Occupancy Consumer 111

Hotel Business

FEBRUARY 10, 2023

Phoenix’s hotel revenue per available room (RevPAR) is forecasted to reach $419 for Feb. The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (ADR) of $445. 10-12, which would be the second-highest level for a Super Bowl weekend, according to STR.

Forecasting 105

Forecasting Average Daily Rate Occupancy Consumer 105

Hotel Management

NOVEMBER 26, 2024

Demand forecasting, rate negotiations, inventory management – stay with us – competitor analysis and pricing strategy can leave even the most seasoned hotelier feeling a little fatigued. It gives you data from only one income source and is based on an occupancy rate that’s also an incomplete representation.

Revenue Management 130

Revenue Management Revenue Management Hospitality 130

Hotel News Resource

NOVEMBER 19, 2024

The final forecast revision for U.S. hotel growth in 2024 shows downgraded projections for average daily rate (ADR), revenue per available room (RevPAR), and occupancy.

Average Daily Rate 92

Average Daily Rate Forecasting Occupancy Tourism 92

Hotel News Resource

SEPTEMBER 24, 2024

Article - Hotel Forecasting Guide 2024 - Tools, Methods & Reports - Optimize your hotel’s revenue with effective forecasting methods. Understand demand trends, occupancy rates, and pricing strategies for 2024 success.

Forecasting 78

Forecasting Occupancy Revenue Hotels 78

Hotel News Resource

JUNE 13, 2025

The Manhattan market has been experiencing a prolonged post&pandemic occupancy recovery, despite strong ADR gains. Our current demand forecast shows a full recovery beyond 2019 levels by 2027/28.

Hotel Marketing 55

Hotel Marketing Marketing Market Forecasting 55

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 98

Occupancy Forecasting OTA Revenue 98

Cloudbeds

NOVEMBER 15, 2024

This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

Cloudbeds

DECEMBER 2, 2024

One of the main challenges for hotels is creating accurate forecasts in the short, medium, and long term. Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. But traditional forecasting models no longer cut it.

Forecasting 75

Forecasting Revenue Management Occupancy Revenue 75

Demand Calendar

MARCH 5, 2025

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? Operating a hotel without solid answers to core business questions is like flying blind.

General Manager 80

General Manager Management Forecasting Occupancy 80

Hotel Business

AUGUST 21, 2023

Boutique hotels continue to report solid occupancies and healthy ADRs, and collectively achieved increases in all performance indicators through June, according to the Boutique Hotels: Mid-Year 2023 report from The Highland Group. At mid-year 2023, boutique hotel occupancy levels indexed ahead of all U.S. This compares to all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

Lodging

JANUARY 30, 2024

WASHINGTON—Hotels are projected to pay a record amount of wages and generate a record level of tax revenue in 2024, according to the American Hotel & Lodging Association’s 2024 State of the Hotel Industry report.

Forecasting 159

Forecasting Occupancy Revenue Hotels 159

Cloudbeds

OCTOBER 9, 2024

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.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotel Management

NOVEMBER 9, 2023

“STR’s 2024 outlook data suggests all of Australia’s capital cities are experiencing strong ADRs through the end of 2023 and that this is set to continue into the coming year, with occupancies following,” said Simpson. It’s an ecosystem,” he said.

Forecasting 264

Forecasting Consumer Management Branding 264

Hotel Business

NOVEMBER 16, 2023

CBRE is forecasting RevPAR growth to recover in 2024 as inbound international travel further improves and sector-specific headwinds moderate. The company forecasts 3.0% RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% CBRE’s baseline forecast anticipates 0.8% ADR increase.

Forecasting 110

Forecasting Occupancy Scale Consumer 110

Hospitality Today

MAY 19, 2025

Modest gains expected in RevPAR, occupancy, and ADR - with urban hotels and drive-to resorts best positioned for growth

Forecasting 40

Forecasting Occupancy Resorts Hotels 40

Hotel Speak

APRIL 18, 2025

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. Think TRevPAR over ADR Shifting focus toward optimizing total revenue per available room (TRevPAR) instead of purely occupancy or ADR can unlock performance gains.

Revenue 94

Revenue Average Daily Rate Revenue Management Hotels 94

Hotel Business

FEBRUARY 21, 2025

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.

Forecasting 77

Forecasting Construction Occupancy Hotel Marketing 77

Hotel Business

AUGUST 15, 2024

CBRE is reducing its forecast for U.S. CBRE forecasts GDP growth of 2.3% 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. The company now projects a 1.2%

Forecasting 59

Forecasting Construction Events Occupancy 59

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. In 2024, JLL forecasts that value-add opportunities in Southeast Asia will be on the radars of investors.

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

Hotelier Magazine

AUGUST 27, 2024

WASHINGTON — After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. July 2024 (percentage change from 2023) Occupancy: 75.2 Though most segments grew year over year, group occupancy continued to decline, down 8.5 per cent (down 0.4

Occupancy 59

Occupancy Forecasting Consumer Hotels 59