Hospitality Net

FEBRUARY 23, 2024

Canada’s hotel industry showed lower occupancy but continued growth in average daily rate (ADR), according to CoStar’s January 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Average Daily Rate 120

Average Daily Rate Occupancy Real Estate Hotels 120

Hospitality Net

SEPTEMBER 21, 2023

Canada’s hotel industry reported its highest occupancy level since August 2019, according to CoStar’s August 2023 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Occupancy 149

Occupancy Real Estate Hotels Market 149

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 159

Average Daily Rate Market Marketing Occupancy 159

Hospitality Net

APRIL 17, 2024

In 2023, occupied room nights, as well as total occupancy (83.5%), continued to lag 2019 performance; however, like gaming revenue, the market’s ADR ($191.29) and RevPAR ($159.73) for 2023 reached record levels for the second year in a row.

Casinos 175

Casinos Hotel Marketing Market Marketing 175

Hospitality Net

FEBRUARY 26, 2024

STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023. Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year.

Average Daily Rate 168

Average Daily Rate Market Marketing Occupancy 168

Hospitality Net

MARCH 6, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Market 132

Market Marketing Occupancy Consumer 132

Hospitality Net

JANUARY 25, 2024

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index (the “Index”).

Average Daily Rate 189

Average Daily Rate Business Hospitality Occupancy 189

Hospitality Net

MARCH 24, 2024

STR’s global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel Marketing 130

Hotel Management

MARCH 26, 2024

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared.

Occupancy 130

Occupancy Hotels Dining General Manager 130

Hotel Management

MARCH 30, 2023

Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.

Occupancy 130

Occupancy Events General Manager Hotels 130

Hospitality Net

MAY 31, 2023

STR’s global "bubble chart" update through 20 May 2023 shows 85% of markets with growth in revenue per available room (RevPAR) compared to 2019. More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables.

Occupancy 130

Occupancy Revenue Market Marketing 130

Amadeus Hospitality

MARCH 21, 2024

Over the past few months, Amadeus has been tracking the impact of the eclipse on hotel booking patterns across America using forward-looking business intelligence data from Demand360+ ®. ADR has continued to rise too, averaging a 7% increase from when the data was last examined (see charts above and below).

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

Hospitality Net

AUGUST 18, 2023

Since 2020, the Louisville hotel market has seen an increase in leisure travel associated with bourbon tourism, its nearby universities, and the Kentucky Derby. It is because of these large demand generators that the market has been able to recover most of its occupancy-based COVID-19 losses.

Hotel Marketing 194

Hotel Marketing Market Marketing Occupancy 194

Webrezpro

MAY 2, 2024

With the promise of long, warm days and lazing outdoors, hotels are kicking off their summer marketing campaigns. While occupancy tends to be higher during the summer, the market is competitive as travelers put their time and effort into planning these much-awaited getaways.

Market 87

Market Marketing Occupancy Hotels 87

Hospitality Net

DECEMBER 12, 2023

Jakarta hotels recorded their highest levels in occupancy and revenue per available room (RevPAR) since November 2011 and November 2013, respectively, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

Occupancy 100

Occupancy Real Estate Revenue Hotels 100

Hospitality Net

MAY 1, 2023

STR’s global “bubble chart” update through 15 April 2023 shows continued improvement in the Asia Pacific region and more than half of global markets with better than 20% growth in revenue per available room (RevPAR) versus 2019.

Average Daily Rate 170

Average Daily Rate Occupancy Revenue Market 170

Hospitality Net

OCTOBER 18, 2023

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index. markets have recovered 99.1 markets have recovered 99.1

Average Daily Rate 170

Average Daily Rate Business Hospitality Occupancy 170

Hotel Management

JUNE 20, 2023

Sydney-born Public Hospitality Group is perhaps best known for its thriving network of pubs and bars, which includes the likes of The Norfolk Hotel and Maybe Sammy, but over the last 12 months, the business has been investing heavily in its accommodation offering, giving rise to a growing portfolio of boutique lifestyle hotels. “It

Business 242

Business Hotel Marketing Market Marketing 242

Amadeus Hospitality

MAY 11, 2023

Originally published to Amadeus Insights May 12, 2023 – Travel across the Asia Pacific region (APAC) is well on its way to recovery, with growing travel demand across all markets as the industry approaches the second half of the year. Hotel occupancy levels in major APAC markets improved throughout Q1 2023. in March 2023.

Occupancy 96

Occupancy Travel Hotels Market 96

STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. In this regard, having a solid marketing mix in place is crucial. Establishing a marketing database through guest sign-ups enables personalized communication.

Market 83

Market Marketing Occupancy Digital Marketing 83

Social Hospitality

AUGUST 9, 2023

Data can be especially impactful in marketing. Instead of relying on a hunch, marketers can make informed decisions about how to inspire meaningful engagement with their target audience and create content that leads to conversions. We’re going to dive into ways you can gather data efficiently to elevate your marketing strategies.

Market 130

Market Marketing Events Occupancy 130

Hospitality Net

APRIL 19, 2023

Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.

Market 175

Market Marketing Occupancy Hotels 175

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. Whether you’re a Swiftie or not, everyone in hospitality has to be a fan of the positive impact the Taylor Swift tour is having on the industry,” de Silva told HM.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotelier Magazine

NOVEMBER 23, 2023

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., Occupancy rose 7.4 This week, China’s occupancy increased by 15 per cent with ADR gaining 23.3 All top 25 markets in the U.S.

Occupancy 52

Occupancy Market Marketing Hotels 52

Hotel Designs

MARCH 21, 2023

Hypnos Contract Beds offers true comfort with integrity, providing versatile and sustainable solutions for hospitality properties to help maximise occupancy and profits, while offering a hassle-free service solution, including in-room installation and old bed disposal and recycling.

Market 98

Market Marketing Hospitality Occupancy 98

Amadeus Hospitality

SEPTEMBER 27, 2023

Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.

Occupancy 120

Occupancy Hospitality Revenue Business 120

eHotelier

MAY 7, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Occupancy 52

Occupancy Hospitality Consumer Travel 52

Hotelier Magazine

APRIL 25, 2023

In comparison to the same week in 2022, occupancy came in at 64.2 Among the top 25 markets, Minneapolis saw the highest YOY increase in occupancy (up 17.4 Hotels Report Increase in Occupancy, says STR appeared first on Hotelier Magazine. per cent (up 3.7 per cent); Average Daily Rate (ADR) came in at US$155.33 (up 4.7

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64

Hotelier Magazine

MARCH 12, 2024

TORONTO — Avison Young has released its Canada Hotel Market Report: 2023 Review and 2024 Outlook. The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.

Hotel Marketing 64

Hotel Marketing Average Daily Rate Market Marketing 64

Hotelier Magazine

MAY 2, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. In comparison to 2019, occupancy came in at 62.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7 Among the major markets, Vancouver reported the highest occupancy level (77.5

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

Hospitality Net

JULY 10, 2023

STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.

Market 142

Market Marketing Hotel Marketing Occupancy 142

eZee Absolute

JANUARY 16, 2024

To help you navigate the ever-growing blogosphere, we’ve compiled a list of the top 10 hospitality blogs from 2023 that every hotelier must follow. These blogs offer a wealth of knowledge on a variety of topics relevant to the modern hotelier, from revenue management and guest experience to marketing strategies and emerging trends.

Hospitality 102

Hospitality Marketing Strategy Occupancy Digital Marketing 102

Hospitality Net

JULY 23, 2023

Since the COVID-19 pandemic, Philadelphia’s ADR has fully recovered, but occupancy and RevPAR remain below 2019 levels. The primary factor limiting the recovery is the stagnant commercial and group demand segments.

Hotel Marketing 156

Hotel Marketing Market Marketing Occupancy 156

STAAH

DECEMBER 18, 2023

It has been a great year when the hospitality industry saw a boom. Clearly, the tourism and hospitality industry saw some positive growth. Bringing together some of the most trending articles, Here’s a mix of hospitality industry blogs from 2023 that our readers enjoyed the most. Read full blog

Hospitality 86

Hospitality Occupancy Target Marketing Marketing Strategy 86

Hospitality Net

NOVEMBER 3, 2023

As the world experiences a surge in travel this year, hotel occupancies in certain markets have exceeded those seen in 2019. It is critical for hoteliers to have the tools in place to remain competitive and attract as many bookings as possible.

Occupancy 121

Occupancy Hospitality Travel Market 121

Hotel Management

FEBRUARY 20, 2024

Ahead of the inaugural AHICE South East Asia, which takes place in Singapore on February 27-29, JLL Hotels and Hospitality Group CEO APAC, Nihat Ercan, discusses the latest developments in hospitality across the region. Thailand’s well-established and diversified hospitality market also looks attractive.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Lodging

JANUARY 26, 2024

ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. markets has recovered 110 percent compared to the same time in 2019. Group bookings are calculated using occupancy and average daily rate (ADR).

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182