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Global Occupancy Continued its Strong Recovery, STR Reports

Hotelier Magazine

. — For the week of November 5 to 11, global occupancy, excluding the U.S., Occupancy increased 3.9 YOY, occupancy also continued to improve at a much faster rate than the U.S., Weekly global ADR increased 10 per cent YOY, keeping RevPAR growth in double figures (up 17.6 Occupancy rose 7.4

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Hotel industry statistics: Guide for hotels

SiteMinder

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Table of contents Hotel statistics that matter in 2024 The travel industry is set for strong recovery in 2024 , which is good news for hoteliers, with some positive statistics already showing up.

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Analysts say 2022 was a pivotal year for the Canadian hospitality industry

Hotelier Magazine

The beginnings of the recovery started in 2021 with a 35-per-cent improvement in RevPAR,” reads the report. After a weak Q1, the recovery took hold in Q2 with RevPAR increasing by 95.3 Marriott Hotels of Canada reported strong year-over-year growth with gross sales for 2022 coming in at $3 billion, up from $1.3