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 185

Market Marketing Occupancy Consumer 185

Lodging

JUNE 19, 2023

Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred even though the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.

Occupancy 287

Occupancy Revenue Operations Hotels 287

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 202

Average Daily Rate Market Marketing Occupancy 202

Lodging

MAY 25, 2023

hotel performance increased from the previous week and showed improved comparisons year over year, according to STR’s latest data through May 20, 2023. Hotel Performance May 14-20, 2023 Percentage change from comparable week in 2022:Occupancy: 67.5 occupancy level was the second highest for any week this year.

Occupancy 146

Occupancy Hotels Market Marketing 146

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 246

Hotel Marketing Market Marketing Occupancy 246

Lodging

MARCH 29, 2024

hotel performance decreased from the previous week but showed positive comparisons year over year, according to CoStar’s latest data through March 23, 2024. Hotel Performance March 17-23, 2024 Percentage change from comparable week in 2023:Occupancy: 65.3 WASHINGTON—U.S. percent (up 0.7 percent)ADR: $162.28 (up 2.5

Occupancy 287

Occupancy Hotels Market Marketing 287

Hotel Management

MAY 16, 2023

The Asia Pacific (APAC) region is experiencing growing travel demand across all markets, according to the latest data from Amadeus. In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. in January 2023 to 76.5% in March 2023. in March 2023. “We

Occupancy 130

Occupancy Travel Market Marketing 130

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 88

Market Marketing Occupancy Hotels 88

Lodging

APRIL 19, 2024

hotel performance increased from the previous week, according to CoStar’s latest data through April 13, 2024. Hotel Performance April 7-13, 2024 Percentage change from comparable week in 2023:Occupancy: 65.8 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increase in occupancy (up 23.2

Occupancy 247

Occupancy Hotels Market Marketing 247

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

Marriott International has delivered its fifth hotel in Western Australia with the opening of Courtyard by Marriott Perth, Murdoch, marking the brand’s entry into the state. We’re very excited to partner with Hesperia,” Hunt said, acknowledging Hesperia leaders Adrian Fini and Ben Lisle for their efforts to bring the hotel to fruition.

Occupancy 130

Occupancy Hotels Dining General Manager 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+ ®. Smaller towns like Erie and Burlington are seeing that 89% and 88% (respectively) of their hotel rooms are already booked (see chart below).

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

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 239

Average Daily Rate Occupancy Revenue Market 239

Lodging

MAY 10, 2024

hotel performance showed mixed results from the previous week, according to CoStar’s latest data through May 4, 2024. hotel performance showed lower results from the week ending April 27, 2024. Hotel Performance April 28- May 4, 2024 Percentage change from comparable week in 2023:Occupancy: 64.4 WASHINGTON—U.S.

Occupancy 159

Occupancy Hotels Market Marketing 159

Hotel Management

MARCH 30, 2023

Melbourne hotels are reaping the benefits of the Australian Formula 1 Grand Prix which is taking place in the city this weekend. Speaking exclusively to HM, Le Méridien Melbourne General Manager, Peter Minatsis, said it is very pleasing to see the hotel abuzz with activity since opening on March 16. “We It’s exciting for us.

Occupancy 130

Occupancy Events General Manager Hotels 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 241

Market Marketing Occupancy Hotels 241

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

Lodging

JANUARY 18, 2024

hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from CoStar. Hotel Performance During 2023 Percentage change from 2022:Occupancy: 63.0% (+0.6%)ADR: RevPAR: US$97.97 (+4.9%) The country’s occupancy level was its highest since 2019.

Average Daily Rate 275

Average Daily Rate Occupancy Revenue Hotels 275

Hotel Management

JUNE 15, 2023

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.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

Hospitality Net

APRIL 20, 2023

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR.

Market 228

Market Marketing Occupancy Hospitality 228

Lodging

FEBRUARY 22, 2024

hotel industry reported lower performance results month over month, according to January 2024 data from CoStar. January 2024 Percentage change from January 2023: Occupancy: 51.9 percent) Among the Top 25 Markets, Oahu Island experienced the highest occupancy level (79.0 WASHINGTON—The U.S. percent (down 1.7

Occupancy 179

Occupancy Hotels Market Marketing 179

eHotelier

MAY 6, 2024

Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 52

Occupancy Tourism Forecasting Hotels 52

Lodging

APRIL 26, 2024

hotel performance showed mixed results from the previous week, according to CoStar’s latest data through April 20, 2024. Hotel Performance April 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 66.8 Hotel Performance April 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 66.8

Occupancy 146

Occupancy Hotels Market Marketing 146

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 230

Hotel Marketing Market Marketing Occupancy 230

Hospitality Net

APRIL 9, 2024

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently.

Occupancy 245

Occupancy Operations Market Marketing 245

Lodging

APRIL 12, 2024

hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar’s latest data through April 6, 2024. Hotel Performance March 31-April 6, 2024 Percentage change from comparable week in 2023:Occupancy: 64.1 WASHINGTON—U.S. percent (up 4.7 percent)ADR: $156.96 (up 2.1

Occupancy 159

Occupancy Hotels Market Marketing 159

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

Hotel Business

DECEMBER 12, 2022

Hotel management system provider RoomRaccoon has unveiled its annual global report, RoomRaccoon Report 2022, “A Year of Impact: What’s Next?” In August, RoomRaccoon’s clients in Europe had record-breaking occupancy levels averaging 64% in comparison to 61% in August 2019. Hotels are generating better revenue.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

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

Lodging

MARCH 8, 2024

hotel performance showed mixed results over the previous week, according to CoStar’s latest data through March 2, 2024. Hotel Performance February 25-March 2, 2024 Percentage change from comparable week in 2023:Occupancy: 62.5 Hotels Show Mixed Performance Results appeared first on LODGING Magazine. WASHINGTON—U.S.

Occupancy 170

Occupancy Hotels Market Marketing 170

Lodging

APRIL 5, 2024

hotel performance decreased from the previous week, according to CoStar’s latest data through March 30, 2024. Hotel Performance March 24-30, 2024 Percentage change from comparable week in 2023:Occupancy: 62.3 Hotel Performance March 24-30, 2024 Percentage change from comparable week in 2023:Occupancy: 62.3

Occupancy 146

Occupancy Hotels Market Marketing 146

Lodging

MARCH 1, 2024

hotel performance showed mixed results over the previous week, according to CoStar’s latest data through Feb. Hotel Performance February 18-24, 2024 Percentage change from comparable week in 2023:Occupancy: 62.0 percent) Among the Top 25 Markets, Minneapolis reported the largest year-over-year occupancy increase (up 4.5

Occupancy 170

Occupancy Hotels Market Marketing 170

Lodging

MARCH 15, 2024

hotel performance increased from the previous week but declined year over year, according to CoStar’s latest data through March 9, 2024. Hotel Performance March 3-9, 2024 Percentage change from comparable week in 2023:Occupancy: 63.2 WASHINGTON—U.S. percent (down 2.2 percent)ADR: $156.96 (down 0.6 percent to 63.7

Occupancy 159

Occupancy Hotels Market Marketing 159

Hotel News Resource

MAY 26, 2023

hotel performance produced an incremental gain during the four weeks ending 13 May, a period that falls in between the heavy, summer travel season and earlier year peaks that include solid leisure travel, improved demand from conventions and group bookings, and returning business travel in larger markets.

Occupancy 59

Occupancy Market Marketing Hotel Marketing 59

Lodging

MARCH 22, 2024

hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through March 16, 2024. Hotel Performance March 10-16, 2024 Percentage change from comparable week in 2023:Occupancy: 66.5 WASHINGTON—U.S. percent (down 1.4 percent)ADR: $163.21 (down 2.1

Occupancy 146

Occupancy Hotels Market Marketing 146

Hotel Management

JANUARY 16, 2024

First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. Michelle, tell us about the Moxy brand and what makes this hotel different? Everything we do at Moxy challenges that traditional hotel experience.

Market 147

Market Marketing Occupancy Hotels 147