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 289

Occupancy Revenue Operations Hotels 289

Hotel Management

APRIL 22, 2024

Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% year over year to AU$179.18. yoy to AU$191.25.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

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 204

Occupancy Real Estate Hotels Market 204

eHotelier

JULY 2, 2024

To grow or maintain occupancy rates hoteliers must be willing to innovate, experiment and adapt. While there’s no simple, universally effective solution for increasing hotel occupancy, these strategies prove effective in the right circumstances.

Occupancy 105

Occupancy Upsell Hotels 105

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 176

Average Daily Rate Occupancy Real Estate Hotels 176

Hospitality Net

JUNE 14, 2023

Helped by the Arab League Summit, Jeddah’s hotel industry posted its highest monthly occupancy since August 2016, according to preliminary May 2023 data from STR.

Occupancy 189

Occupancy Hotels 189

Skift Blog

FEBRUARY 27, 2024

Skift Take: Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan Read the Complete Story On Skift

Occupancy 240

Occupancy Tourism Hospitality Hotels 240

Hospitality Net

MAY 24, 2024

After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.

Occupancy 100

Occupancy Real Estate Hotels Market 100

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 147

Occupancy Hotels Market Marketing 147

Hospitality Net

MAY 15, 2023

Dubai’s hotel industry saw its saw highest April 2023 occupancy levels during the Eid-al Fitr holiday period, according to preliminary data from STR.

Occupancy 188

Occupancy Hotels 188

eHotelier

MARCH 21, 2024

Fortunately, price isn’t the only tool available to hoteliers looking to improve their occupancy rate. Here's a look at how to increase hotel occupancy with some tried-and-true approaches and introduce some important considerations to keep in mind when monitoring this common hotel performance metric.

Occupancy 119

Occupancy Hotels Revenue Management Revenue 119

Hospitality Net

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. and Alaska joined the leaderboard.

Occupancy 245

Occupancy Market Marketing Travel 245

Hospitality Net

APRIL 12, 2023

Melbourne’s hotel occupancy was its highest for any month since February 2020, according to preliminary March data from STR.

Occupancy 189

Occupancy Hotels 189

Hotel Management

MAY 16, 2023

In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. Greater China is leading the region’s recovery growth, with Q1 2023 hotel occupancy outpacing Q1 2019 by 5%. in January 2023 to 76.5% in March 2023.

Occupancy 130

Occupancy Travel Market Marketing 130

Hospitality Net

MARCH 21, 2024

On April 8th, there will be a total solar eclipse that traverses North America. Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway.

Occupancy 264

Occupancy Events Hotels 264

Little Hotelier

JULY 18, 2024

What is hotel tax? Hotel tax, also known as occupancy tax, lodging tax or bed tax, is a tax that US authorities impose on the rental of hotel rooms and other forms of short-term accommodation. Is hotel occupancy tax state or local? What are some similarities between sales tax and hotel tax?

Occupancy 52

Occupancy Accommodation OTA Hotels 52

Hospitality Net

APRIL 25, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data.

Occupancy 182

Occupancy Hotels 182

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

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

Hotelier Magazine

MAY 28, 2024

WASHINGTON — After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7 April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7

Occupancy 52

Occupancy Average Daily Rate Hotels Consumer 52

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

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

Hotel Business

AUGUST 21, 2023

Boutique hotels continue to report solid occupancies and healthy ADRs, and collectively achieved increases in all performance indicators through June, according to the Boutique Hotels: Mid-Year 2023 report from The Highland Group. At mid-year 2023, boutique hotel occupancy levels indexed ahead of all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

Hotel News Resource

MAY 23, 2024

Article - For April Canada Hotels Report First Occupancy Increase in Four Months - Among the provinces and territories, Ontario recorded the highest April 2024 occupancy level (68.1%), which was 4.2% above 2023.

Occupancy 74

Occupancy Hotels 74

Belza

JULY 13, 2024

Increase Hotel Occupancy with Strategic Renovations: Expert Tips | Hotel Marketing

Occupancy 52

Occupancy Hotel Marketing Hotels Market 52

Hospitality Net

JULY 22, 2024

We take a look at how host market hotels performed during this year’s races and what occupancy on the books looks like for races set for later this year. Set on a global stage, Formula 1 spans across multiple continents, with 12 of the 24 races so far this year having taken place on F1’s biggest ever calendar.

Occupancy 253

Occupancy Hotels Market Marketing 253

Lodging

JULY 24, 2024

hotel industry reported improved performance results from the previous month, according to June 2024 data from CoStar. June 2024 Percentage change from June 2023:Occupancy: 69.6 percent) Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 2.5

Occupancy 147

Occupancy Hotels Market Marketing 147

Hospitality Net

JULY 24, 2024

Bookings for the Grand Prix began as early as December 2023, significantly impacting hotel demand. This early surge in reservations has led to an unprecedented increase in hotel occupancy rates, with many premium and centrally located hotels reporting near-full bookings months in advance.

Occupancy 239

Occupancy Hotels Hospitality 239

Hospitality Net

MAY 31, 2023

More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables. That percentage represents a high mark since measurements against pre-pandemic times began.

Occupancy 130

Occupancy Revenue Market Marketing 130

Horizon Hospitality

JULY 10, 2024

In the competitive world of hospitality, one of the most critical challenges of hotel professionals is balancing room rates with occupancy levels. This can help in adjusting prices and inventory to optimize both occupancy and revenue. Tailoring rates for different segments can optimize both occupancy and revenue.

Occupancy 52

Occupancy Revenue Yield Management Forecasting 52

Hospitality Net

MAY 1, 2023

Gains continue to be driven by average daily rate (ADR) while occupancy trails pre-pandemic comparables in most corners of the world.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

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

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 290

Occupancy Hotels Market Marketing 290

Hotel News Resource

APRIL 23, 2024

After four consecutive months of year-over-year declines, CanadaÕs hotel industry reported a marginal lift in transient occupancy, according to CoStarÕs March 2024 data.

Occupancy 80

Occupancy Hotels 80

Refine

FEBRUARY 10, 2024

While occupancy is not the only thing influencing the revenue success of a hotel, it's hard to say you're maximizing revenue if your occupancy levels are low. "Heads in beds."

Occupancy 73

Occupancy Revenue Hotels 73

Hospitality Net

MAY 29, 2024

Produced jointly by STR and Cushman & Wakefield, the Hotel Sector Barometer confirms the upsurge in tourism and hotel activity in Spain, with outstanding results across all indicators showing growth over the figures for the first quarter of 2023. Spain’s hotels achieved occupancy of 68.5% between January and March (+4.9%

Average Daily Rate 246

Average Daily Rate Occupancy Tourism Hotels 246

Lodging

JULY 18, 2024

hotel industry reported higher performance results than the previous week but lower comparisons year over year, according to CoStar’s latest data through July 13, 2024. Hotel PerformanceJuly 7-13, 2024 Percentage change from comparable week in 2023:Occupancy: 69.2 WASHINGTON—The U.S. percent (down 3.7 percent (down 3.7

Occupancy 147

Occupancy Hotels Market Marketing 147