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. The third quarter of this year shows the top 25 U.S.

Average Daily Rate 170

Average Daily Rate Business Hospitality Occupancy 170

Hospitality Net

MAY 13, 2024

Revenue per available room (RevPAR) increased 0.5% year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 and occupancy down 0.2%. hotels saw surprisingly modest performance this week following the previous down week during Passover.

Average Daily Rate 189

Average Daily Rate Occupancy Revenue Hotels 189

Refine

FEBRUARY 8, 2024

As the hospitality sector undergoes swift transformations, prioritizing convenience and tailored experiences for all travelers, the pivotal role played by Internet Booking Engines (IBEs) becomes undeniably vital.

Revenue 106

Revenue Occupancy Operations Travel 106

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 137

Revenue Management Revenue Management Forecasting 137

Hospitality Net

MAY 15, 2024

Japan’s growth in hotel revenue per available room (RevPAR) has remained extremely impressive over the past 15 months – a function of a later opening post-pandemic, above-average inflation, and an influx of international demand.

Average Daily Rate 189

Average Daily Rate Occupancy Revenue Hotels 189

eZee Absolute

MAY 13, 2024

Well, the answer lies in how well you’re using your Hotel Revenue Management System (RMS) reports. But with so many reports available, how do you find the ones essential for maximizing your hotel’s revenue? By utilising these RMS reports, revenue managers can make informed decisions to adjust pricing strategies accordingly.

Revenue Management 52

Revenue Management Revenue Management Forecasting 52

STAAH

APRIL 23, 2024

In today’s fast-paced hospitality landscape, staying ahead of the curve is paramount for maximizing revenue potential. As technology continues to evolve, so do the strategies and innovations within revenue management.

Revenue Management 88

Revenue Management Revenue Ancillary Revenue Management 88

Hospitality Net

AUGUST 11, 2023

S Hotels and Resorts PCL (SET: SHR), the global hospitality company from Singha Estate PCL (SET: S), announced accelerating total revenue from services of THB 4,821 million (+28% YoY), and jumping adjusted EBITDA of THB 1,112 million (+74% YoY) for the first half of 2023.

Average Daily Rate 125

Average Daily Rate Revenue Occupancy Resorts 125

Hospitality Net

APRIL 20, 2023

Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR. Occupancy reached 79%, 25% above the 2021 season but still 9% below 2019.

Market 155

Market Marketing Occupancy Hospitality 155

Hospitality Net

APRIL 22, 2024

Revenue per available room (RevPAR) rose 5.8% driven by nearly equal gains in occupancy and average daily rate (ADR). Similar to the previous week, U.S. hotel performance ending 13 April 2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse.

Average Daily Rate 223

Average Daily Rate Occupancy Revenue Hotels 223

Hospitality Net

NOVEMBER 17, 2023

billion of revenue in the first nine months of 2023, up 28.1% Strong demand drove occupancy up to 68%, while average daily rate (ADR) climbed further to €137 in 9M23, marking growth of 14.4% As a result, revenue per available room (RevPAR) averaged €93, up 30% from the 9M22 and 9M19 figures of €72 and €73, respectively.

Average Daily Rate 133

Average Daily Rate Revenue Occupancy Hotels 133

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

Hospitality Net

MAY 6, 2024

Revenue per available room (RevPAR) declined 2.5% as occupancy fell 0.8 hotel performance paused due to the Passover observance that began on Monday 22 April. percentage points (ppts) and average daily rate (ADR) declined 1.3%.

Average Daily Rate 152

Average Daily Rate Occupancy Revenue Hotels 152

Hotel Management

FEBRUARY 22, 2024

Global hospitality company Accor achieved a record result in 2023 with earnings reaching over €1 billion for the first time in its history. In the fourth quarter of the year, the Premium, Midscale and Economy (PM&E) division grew its RevPAR by 12% versus Q4 2022, largely driven by prices rather than occupancy rates.

Occupancy 264

Occupancy Pipeline Revenue Branding 264

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

Hotelier Magazine

APRIL 25, 2023

In comparison to the same week in 2022, occupancy came in at 64.2 per cent); and Revenue Per Available Room (RevPAR) came in at US$99.67 (up 8.6 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.

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64

STAAH

APRIL 28, 2024

Strategically located amidst the Diplomatic Enclave of New Delhi, Jaypee Vasant Continental is known for easy accessibility and the finest hospitality services. STAAH saves several hours and brings revenue gains STAAH’s easy-to-use interface and high-performing technology means updates to rates and inventory are quick.

Revenue 89

Revenue Occupancy Management Closing 89

Hospitality Net

APRIL 29, 2024

Revenue per available room (RevPAR) rose 1.2% Occupancy (at 66.8%), the highest level seen in 2024 so far, was essentially flat dropping 0.2 Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%.

Average Daily Rate 183

Average Daily Rate Occupancy Revenue Market 183

Hotel Business

OCTOBER 18, 2023

for group business compared to the same time in 2019, according to the Hospitality Group and Business Performance Index from Knowland and Amadeus. Group bookings are calculated using occupancy and average daily rate (ADR.) Q3 data shows that 13 of the top markets have recovered 100% of group revenue, including: Tampa 116.8%

Revenue 122

Revenue Average Daily Rate Events Business 122

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

Hotel Management

JUNE 5, 2023

The Power of Business Intelligence: The integration of business intelligence tools enables hoteliers to access detailed reports on key metrics such as occupancy rates, RevPAR, ADR, and customer satisfaction scores. 1834 Hotels is a hospitality management company assisting hotel owners in maximizing their properties’ potential.

Hospitality 147

Hospitality Hotels Operations Occupancy 147

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 per cent); and Revenue Per Available Room (RevPAR) came in at $111.23 (up 24.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

STAAH

APRIL 16, 2024

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. Hoteliers need to employ smart strategies to optimize revenue and profitability. One of the most powerful tools in their arsenal is a robust Revenue Management Solution (RMS).

Revenue Management 79

Revenue Management Revenue Management Forecasting 79

Hospitality Net

MARCH 11, 2024

Growth in revenue per available rooms (RevPAR) returned to the U.S. Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. following the previous week’s decrease.

Average Daily Rate 180

Average Daily Rate Occupancy Revenue 180

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

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 15, 2024

results were robust with revenue per available room (RevPAR) rising 6.9% year over year (YoY) via gains in occupancy (+2.9 Weekly U.S. percentage points [ppts]) and average daily rate (ADR, +2.1%).

Average Daily Rate 152

Average Daily Rate Occupancy Revenue 152

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

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Amadeus Hospitality

SEPTEMBER 8, 2023

Going beyond the existing integration with iHotelier ®, Amadeus , a global provider of hospitality technology solutions, and BEONx , a leading hospitality revenue management service provider, announce an extension of their partnership to bring comprehensive business intelligence to BEONx customers that subscribe to Demand360®.

Revenue 59

Revenue Revenue Management Occupancy Business 59

SiteMinder

MAY 6, 2024

My passion for luxury hospitality started in 2013. Greater performance, less effort What if you could boost your property's bookings and revenue while also reducing your workload? Segment diversification and dynamic revenue strategies are easy to apply with the help of SiteMinder’s data and functionality.

Revenue 52

Revenue Cancellation Hotels Sales 52

Hospitality Net

FEBRUARY 12, 2024

hotels took an expected seasonal pause with occupancy 1.0 year over year (YoY), resulting in a gain in revenue per available room (RevPAR) of 1.7%. percentage points (ppts) lower compared to the prior week and flat from a year ago. This bridge week between January and February historically has produced a week-over-week decline.

Average Daily Rate 208

Average Daily Rate Occupancy Revenue Hotels 208

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

Little Hotelier

APRIL 10, 2024

Owner Tracy Wight has spent 20 years in the hospitality sector, but most recently worked in public relations for nine years. When moving from South Africa to Scotland, Tracy knew it was time to return to her passion of hospitality, and took over Hillside Havens. In the summer season, Hillside Haven experiences about 90% occupancy. “At

Revenue 52

Revenue Management Small Business OTA 52

Hospitality Tech

JANUARY 8, 2024

By offering unique, tech-driven and personalized loyalty programs, hoteliers can increase RevPAR and occupancy, tap into ancillary revenue streams and stand out from the crowd.

Ancillary Revenue 64

Ancillary Revenue Revenue Occupancy Hotels 64

Hospitality Net

FEBRUARY 12, 2024

drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7% decrease in revenue per available room (RevPAR) during the quarter. year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5% increase in average daily rates (ADR), resulting in a 1.9%

Average Daily Rate 142

Average Daily Rate Occupancy Revenue Hotels 142