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 63

Forecasting Occupancy Accommodation Revenue 63

Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% This is 61 basis points higher than previously forecast. decrease in occupancy, which was driven in part by a 1.3% RevPAR, occupancy down in Feb. increase in ADR did not offset a 1.9% drop in demand. CBRE expects first-quarter GDP growth of 2.1% drop in demand.

Occupancy 59

Occupancy Consumer Forecasting Market Share 59

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 278

Average Daily Rate Forecasting Occupancy Revenue 278

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 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 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

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

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 76

Occupancy Forecasting OTA Revenue 76

Hospitality Today

JANUARY 22, 2024

percentage points, while occupancy and RevPAR were unchanged from the previous forecast For 2024, growth in ADR was raised by 0.1

Forecasting 40

Forecasting Occupancy Hotels 40

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

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 250

Forecasting Travel Consumer Occupancy 250

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 162

Forecasting Occupancy Hotels Revenue 162

Hospitality Net

MAY 24, 2023

CBRE is again raising its forecast for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains.

Forecasting 180

Forecasting Occupancy Hotels 180

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

Hotelier Magazine

AUGUST 16, 2023

hotel forecast presented at the recent 15th annual Hotel Data Conference. per-cent downgrade in occupancy growth. per-cent downgrade in occupancy. The post STR and Tourism Economics Lower Growth Forecast for U.S. . — STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

Hospitality Net

NOVEMBER 3, 2023

The hotel group forecasts a similarly positive winter season for its hotels in Tenerife, Madrid, the Caribbean and Latin America. Palladium Hotel Group has concluded the 2023 summer season in the Balearic Islands and Marbella with very positive closing figures.

Forecasting 185

Forecasting Occupancy Closing Revenue 185

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. While the top markets have changed year-over-year, there are currently nine markets at more than 50% occupancy—the same amount in 2019 for the same stay week.

Occupancy 59

Occupancy Forecasting Market Marketing 59

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

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

Hotel Business

DECEMBER 4, 2023

this year to $155.88, or 19% above 2019 levels, while occupancy will increase by 1.0% increase in occupancy. LARC forecasts 2023 U.S. Market outlooks Listed below are the best and worst-performing markets based on LARC’s forecasts. It anticipates ADR to rise by 4.4% increase in ADR and a 0.8%

Forecasting 110

Forecasting Occupancy Market Marketing 110

Hospitality Net

OCTOBER 2, 2023

Hotel revenue management is the process of optimizing revenue by predicting demand and setting prices accordingly, most commonly found in hotels to forecast occupancy in order to maximize their room rate, hotel marketing strategy, and overall property performance.

Revenue Management 186

Revenue Management Revenue Management Forecasting 186

Hotel Business

FEBRUARY 15, 2024

CBRE is forecasting RevPAR will continue to grow steadily in 2024, driven by improving group business, inbound international travel and traditional transient business demand. The company forecasts a 3% increase in RevPAR growth in 2024, with occupancy improving by 45 basis-point (bps) and ADR increasing by 2.3%.

Forecasting 105

Forecasting Occupancy Construction Travel 105

Hospitality Today

OCTOBER 5, 2023

The company used its internal data coupled with International Monetary Fund's inflation forecasts to forecast hotel rate movement in more than 80 cities

Occupancy 40

Occupancy Forecasting Hotels 40

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel News Resource

AUGUST 11, 2023

percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Hotel Business

MAY 24, 2023

CBRE has raised its forecast again for hotel performance this year, as stronger-than-expected demand and more modest supply growth drive occupancy gains. CBRE has revised its forecast for 2023 RevPAR to $97.89, up 6% year-over-year (YOY), and an increase of 43 cents from its previous forecast. increase in occupancy YOY.

Forecasting 95

Forecasting Occupancy Travel Business 95

Hospitality Today

NOVEMBER 25, 2022

Weaker economic momentum will temper travel recovery, but the rebuilding of business travel will continue to support demand growth next year

Occupancy 40

Occupancy Forecasting Travel Business 40

STAAH

APRIL 16, 2024

An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts. Look for an RMS that utilizes advanced forecasting models and predictive analytics to forecast demand with precision.

Revenue Management 78

Revenue Management Revenue Management Forecasting 78

Hospitality Today

NOVEMBER 13, 2023

hotel occupancy in 2023 and 2024 amid economic concerns and an uncertain outlook for corporate travel The company softened its projections for U.S.

Forecasting 40

Forecasting Occupancy Hotels Travel 40

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 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 Tourism 245

Hotelier Magazine

JANUARY 25, 2024

In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 For 2024, occupancy is forecasted to contract 1.4 This dynamic between supply and demand is expected to continue into 2024, but softer RevPAR growth is certain, forecasted to grow 2.2 per cent (up 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Consumer 52

Hotelier Magazine

AUGUST 29, 2023

In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. For July 2023 (percentage change from July 2022) occupancy rose 0.1 Among the provinces and territories, Newfoundland and Labrador recorded the highest July occupancy level (87.9 per cent to 75.6 per cent to $232.13.

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotel Business

AUGUST 11, 2023

This is according to the 2024 Global Business Travel Forecast , released by CWT and the Global Business Travel Association (GBTA). Rising fuel prices, labor shortages and supply chain challenges, coupled with red hot demand, caused travel prices to skyrocket in 2022—far surpassing some of the increases outlined in last year’s forecast.

Events 98

Events Business Travel Forecasting 98

Hotel News Resource

DECEMBER 19, 2023

The Anticipated Gradual Decline in Inflation and Stable Economic Forecast for 2024 Are Set to Positively Influence STR Market Dynamics. Occupancy Rates, After Declining from Their 2021 Peak, Should Stabilize Around 54.7%, in Line with 2023 Levels. Average Rates Are Expected to Rise by 2.1%, Which Will Drive a 1.9% Increase in RevPAR.

Forecasting 45

Forecasting Occupancy Market Marketing 45

Amadeus Hospitality

JANUARY 23, 2024

Hotel occupancy on par with 2023 with shorter lead times, with the Caribbean in the lead Hotel occupancy performance in the Americas is closely aligned with 2023 with small differences among subregions.

Tourism 80

Tourism Travel Occupancy Forecasting 80

Hotel Business

FEBRUARY 28, 2023

As forecasted , Phoenix’s hotel industry ranked second all-time among Super Bowl host markets in ADR and RevPAR during the weekend of the big game, according to STR. While the market’s rankings were as forecasted, the values that produced that status were different than projected.

Occupancy 52

Occupancy Forecasting Market Marketing 52