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

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 205

Occupancy Real Estate Hotels Market 205

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

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

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 233

Occupancy Tourism Hospitality Hotels 233

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

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

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

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

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 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

Hospitality Net

APRIL 25, 2023

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

Occupancy 183

Occupancy Hotels 183

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

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

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 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

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

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

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 62

Occupancy Revenue Hotels 62

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 147

Occupancy Hotels Market Marketing 147

Hotel Business

APRIL 15, 2024

hotels’ RevPAR growth was negative for the third straight month, down 1.5%, according to the CBRE report U.S. Hotels State of the Union April 2024 Edition. decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% decline in hotel demand.

Occupancy 59

Occupancy Consumer Forecasting Market Share 59

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 277

Average Daily Rate Occupancy Revenue Hotels 277

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 162

Occupancy Hotels Market Marketing 162

Hospitality Net

MARCH 27, 2024

A Certificate of Occupancy (C.O.) is a vital requirement prior to opening your hotel after a new build/renovation (without it you’re subject to massive, compounding fines!). Because of the necessity of this certification, you’ll want to work it in to your construction plans from the very beginning to avoid any project delays.

Construction 240

Construction Occupancy Hotels 240

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

Hotel News Resource

OCTOBER 13, 2023

Article - Dubai Hotels Posted Highest September Occupancy Since 2016 - In addition to the high occupancy, ADR was Dubai’s highest for a September since 2017.

Occupancy 59

Occupancy Hotels 59

Hotel Management

FEBRUARY 13, 2024

Hotels across Melbourne and Sydney are feeling the star power of global music icon Taylor Swift as fans flock from all over to attend the sold-out Eras Tour concerts, taking place over the next two weekends. What we’re seeing with Taylor Swift tour is a phenomenon and particularly noteworthy,” Jones told HM. “In

Occupancy 290

Occupancy Tourism Events Accommodation 290

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 241

Casinos Hotel Marketing Market Marketing 241

Hotel Management

SEPTEMBER 28, 2023

Hotels in Sydney and Melbourne are benefitting from an influx of interstate visitors for their respective public holiday weekends with major sporting events taking place across the two cities. Northerners keen to see in the AFL on Saturday have also boosted Melbourne hotels with around 80% occupancy for both Friday and Saturday nights.”

Occupancy 264

Occupancy Accommodation Events Hotels 264

Belza

MARCH 3, 2024

Boost Hotel Occupancy Rates with Social Media Engagement A, Comprehensive Study - Hotel Marketing

Occupancy 52

Occupancy Hotel Marketing Hotels Market 52

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 percent (down 1.7

Occupancy 182

Occupancy Hotels Market Marketing 182

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 162

Occupancy Hotels Market Marketing 162

Hotelier Magazine

APRIL 25, 2023

Hotel performance increased from the previous week, and year-over-year comparisons reflected the positive side of the Easter calendar shift, according to STR’s latest data from April 9 to 15. In comparison to the same week in 2022, occupancy came in at 64.2 HENDERSONVILLE, Tenn. — per cent (up 3.7 per cent to 54.5 Washington, D.C.

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 64