Amadeus Hospitality

APRIL 30, 2024

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]

Tourism 100

Tourism Occupancy Travel Market 100

Hotelier Magazine

AUGUST 16, 2023

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. per-cent downgrade in occupancy growth. per-cent downgrade in occupancy. The post STR and Tourism Economics Lower Growth Forecast for U.S.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

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. Domestic tourism is still going strong.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

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 77

Occupancy Forecasting OTA Revenue 77

Amadeus Hospitality

JANUARY 23, 2024

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.

Tourism 80

Tourism Travel Occupancy Forecasting 80

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 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 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 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. Trading should recover further, whilst real estate headwinds may ease.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 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

JANUARY 25, 2024

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. International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy.

Real Estate 126

Real Estate Consumer Tourism Hotels 126

Hotel Management

MAY 1, 2023

The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22. Given Sydney’s CBD represents the epicentre of tourism and business within Australia, and noting the breadth of ancillary services (retail, hospitality, etc.),

Retail 246

Retail Accommodation Branding Forecasting 246

Hotelier Magazine

JUNE 29, 2023

In May 2023 (year-over-year percentage change), occupancy came in at 69.2 Among the provinces and territories, Newfoundland recorded the highest May occupancy level (79.9 Among the major markets, Vancouver reported the highest occupancy (83 per cent), which was 8.5 per cent) matched for the lowest occupancy among provinces.

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

Inn Quest

MARCH 23, 2023

The contribution to GDP of the tourism industry on the whole is currently 1.6% (Statista). Other figures from Statista are as follows: Australia’s hotel segment specifically is forecasted to see revenues of US $6.75 According to Tourism Australia, there were 2.2 billion and is expected to grow by 13.3% in 2023 (IBISWorld).

Forecasting 52

Forecasting Tourism Average Daily Rate Hotels 52

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. This kind of data is invaluable for hoteliers who want to analyse performance, benchmark, forecast, and plan strategically to ensure business success. Hotel occupancy will increase 2.5%

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Cloudbeds

APRIL 30, 2024

With dynamic pricing, room rates are not fixed but are adjusted based on market demand, competition, time of booking, customer behavior, occupancy, and other factors that can influence booking patterns. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Maximizing occupancy.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

Hotelier Magazine

MARCH 11, 2024

Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 Marsha Walden: Our latest Tourism Outlook report shows total tourism revenue is set to exceed 2019 levels, generating a projected $109.5 billion by the end of 2023.

Tourism 52

Tourism Business Market Marketing 52

Hotel Business

MAY 24, 2023

The Middle East has become one the world’s fastest-growing tourism destinations—hosting major cultural, religious and sporting events, which has helped propel demand and occupancy throughout the region. LE is forecasting a total of 133 new hotel projects/31,573 rooms to open in 2023 and another 123 hotels/30,430 rooms to open in 2024.

Construction 52

Construction Pipeline Closing Forecasting 52

SiteMinder

NOVEMBER 30, 2023

Travel statistics refer to data and information related to various aspects of the travel industry, such as travel trends, traveller behaviour, tourism spending, accommodation metrics, and more. Family travel makes up 30% of global outbound tourism trips. The US tourism sector is worth almost $8 billion.

Travel 52

Travel Accommodation Tourism Hotels 52

Hotel Business

OCTOBER 27, 2023

The underlying dynamics observed in previous quarters remained constant, with ADR still high and a marked improvement in the occupancy rate, which slightly lags the level of 2019. For full-year 2023, the group is confirming its forecast of net unit growth in the network between 2% and 3%. million), up 17% LFL versus Q3 2022.

Revenue 72

Revenue Occupancy Services Management 72

eZee Absolute

NOVEMBER 1, 2022

Statista ) In 2022, the global hotel and resort industry market was forecast to reach $1.06 Room revenue is expected to reach $168 billion and occupancy is projected to be 63.4%. AHLA ) In 2022, the global travel and tourism revenue will reach over $600 million. The global hotel industry was valued at US$ 628.4 Statista ).

Hospitality 52

Hospitality Revenue Management Revenue Travel 52

Amadeus Hospitality

DECEMBER 20, 2022

Not only has traveler confidence returned, but this past spring, global hotel occupancy reached pre-pandemic levels for the first time since 2019. To RevenueStrategy360™ , we added a first of its kind market forecasting model. Read case studies from tourism organizations in Hungary , Canary Islands , Houston, TX , and Tenerife.

Shopping 52

Shopping Services Market Marketing 52

Hotelier Magazine

APRIL 27, 2023

So, if you look at how we performed over the year, occupancy ticked up, ADR went up fairly significantly and RevPAR growth was through the roof. McLuskie addressed hotel-transaction volume for 2019 to 2023 forecast. For the most part, as we’ve heard occupancies are sustaining themselves.

Real Estate 52

Real Estate Hotels Occupancy Resorts 52

SiteMinder

SEPTEMBER 12, 2023

The benefit of being able to more accurately forecast occupancy patterns when you have a contract with a wholesaler, and you can be certain to always generate a specific volume of business and be paid in advance. Who are the largest hotel wholesalers?

Travel 52

Travel Hotels B2B OTA 52

Cloudbeds

MARCH 23, 2023

Why eCommerce is important for lodging operators According to Statista , 69% of total revenue from the global travel and tourism market is booked online, representing approximately $475 billion in revenue in 2022 and forecasted to surpass $521 billion in 2023. Keep online listings current and consistent.

OTA 98

OTA Digital Marketing Travel Hotels 98