article thumbnail

HVS Las Vegas Casino and Hotel Market Outlook 2024

Hospitality Net

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 194
article thumbnail

Orlando Hotel Market: Recovery and Evolution

Hospitality Net

hotel markets to recover from the pandemic. As average hotel rates and revenue now exceed historic peaks, demand continues to ramp up. Orlando, nicknamed the City Beautiful, was one of the first of the top 20 U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hotel Marketing Trends to Watch in 2024

Hospitality Net

Hotels are constantly adapting to new trends and technologies to keep up with the changing needs and preferences of guests. This means that hoteliers and their teams must stay updated with the latest trends in hotel marketing to ensure that they remain relevant in the industry.

article thumbnail

5 reasons why data is critical for hotel marketers

Hospitality Net

And that explosion has created a new world of data-driven hospitality, where the convergence of hotel marketer data, analytics, and guest expectations for personalized communications and service are redefining the way hotels connect with their guests.

article thumbnail

Louisville, KY Hotel Market: Room to Grow

Hospitality Net

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.

article thumbnail

Exclusive: hotel market expansion to peak in next 12 months, says CBRE

Hotel Management

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.

article thumbnail

5 Essential Hotel Marketing Tips to Increase Bookings

Are Morch

And to do that effectively, you’ll need to rely on the best marketing strategies. The post 5 Essential Hotel Marketing Tips to Increase Bookings appeared first on Are Morch, Digital Transformation Coach. Sadly, many hoteliers lack insights into these strategies. If you are one of them, this post […].