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NYU Conference: STR upgrades 2023 forecast, with ADR and RevPAR set to increase

Hotel Management

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). While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

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CBRE forecasts modest 2025 RevPAR Growth

Hotel Business

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%

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STR, TE Update 2023 U.S. Hotel Forecast ADR and RevPAR Projections

Lodging

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2 percent and 1.3 percent and 1.3

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Exclusive: hoteliers reveal impact of Taylor tourism as Swiftsteria takes hold

Hotel Management

Accor Pacific Chief Operating Officer PME, Adrian Williams, told HM there has been an unprecedented level of interest in Accor hotels and its loyalty programme ALL – Accor Live Limitless since the concerts were first announced – and not just in these two cities. “The

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How decision intelligence unlocks hotel data for better insights

Cloudbeds

While better than operating without data, this approach is reactive and inefficient, resulting in missed opportunities. In this article, we explore what decision intelligence is and the transformative effect it’s bound to have across demand optimization, segmentation, operations, and training and enablement.

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6 AI Agents Reshaping Hotel Operations

Hotel Speak

Hoteliers are under mounting pressure to modernize operations and exceed increasingly sophisticated guest demands. In response, hotels are increasingly enhancing traditional hotel software systems by turning to AI agentstask-specific, autonomous systems that augment staff, streamline operations, and personalize the guest journey.

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New Hospitality Metrics for Revenue Managers

Hotel Management

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.