Hotel News Resource

JULY 6, 2023

With occupancy levels lagging during the post-COVID recovery and guest counts depressed, hotel owners and operators have had to look for alternative sources of revenue beyond the rental of guest rooms to make up for the income deficits. For some hotels in the U.S.,

Occupancy 96

Occupancy Hotels Revenue Operations 96

SiteMinder

DECEMBER 4, 2023

What are hotel industry statistics? Hotel industry statistics refer to data and metrics relating to hotels and other accommodations in the industry. Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. globally next year.

Hotels 52

Hotels Occupancy Hotel Marketing Travel 52

Hotel Business

AUGUST 1, 2023

A Certificate of Occupancy (CO) is a vital requirement before opening your new-build/renovated hotel. Emergency communication systems: At a minimum, hotels are required by law to have reliable emergency communication systems in place within elevators. Without it, you’re subject to massive, compounding fines! Talk to an expert.

Occupancy 98

Occupancy Hotels Construction Services 98

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 Hotels Average Daily Rate Revenue 64

Amadeus Hospitality

MAY 11, 2023

Data from Amadeus’ Demand360 ® shows that in the first quarter of 2023 (January-March), the region saw a hotel occupancy growth trajectory of 61.7%, surpassing 2019 levels by 3%, thanks to the recent reopening of Greater China’s border. Hotel occupancy levels in major APAC markets improved throughout Q1 2023.

Occupancy 96

Occupancy Hotels Travel Hospitality 96

eHotelier

MARCH 23, 2023

Riyadh’s hotel occupancy was its highest for a February since 2008, according to preliminary data from STR.

Occupancy 95

Occupancy Hotels 95

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 75

Occupancy Hotels 75

Hotelier Magazine

NOVEMBER 23, 2023

For the week of November 5 to 11, global occupancy, excluding the U.S., Occupancy increased 3.9 YOY, occupancy also continued to improve at a much faster rate than the U.S., Occupancy rose 7.4 This week, China’s occupancy increased by 15 per cent with ADR gaining 23.3 In 2019, occupancy was 50.6

Occupancy 52

Occupancy Hotels Market Marketing 52

eHotelier

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 52

Occupancy Hotels 52

eHotelier

AUGUST 20, 2023

A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. It involves identifying target markets, setting sales goals, and creating a plan to achieve those goals.

Hotel Sales 98

Hotel Sales Hotels Occupancy Revenue 98

STAAH

AUGUST 1, 2023

A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Here are 6 hotel sales strategies to increase your revenue. Once you know who your target audience are, it will be easy to plan your sales strategy and offer deals to attract them to your hotel.

Hotel Sales 86

Hotel Sales Hotels Occupancy Revenue 86

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 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7 Among the major markets, Vancouver reported the highest occupancy level (77.5

Occupancy 52

Occupancy Hotels Average Daily Rate Travel 52

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.”

Hotels 105

Hotels Occupancy Accommodation Events 105

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 57

Occupancy Hotels Market Marketing 57

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 113

Occupancy Revenue Hotels Operations 113

Hotel News Resource

OCTOBER 31, 2023

With the pandemic generally in the rearview for the market, Downtown Memphis hotels have yet to recover to occupancy levels realized in 2019. However, rising average rates at new hotels have become the saving grace for market RevPAR levels.

Occupancy 59

Occupancy Hotels Market Marketing 59

Little Hotelier

OCTOBER 17, 2023

Nutana Hotel Lombok, in Mataram, is one of the best accommodation options for those on business trips to Indonesia. This hotel offers a number of services such as room service and a 24-hour front desk. Dego said that his property have tried three to four various channel manager features from other hotel management companies.

Occupancy 52

Occupancy Hotels Management OTA 52

Hotel Business

NOVEMBER 14, 2023

hotels as other parts of the world continued to reopen their vacation destinations, and leisure travelers began to once again feel safe traveling abroad. hotels but softened significantly in Q2 before falling to below inflationary growth levels in Q3. Nonetheless, PwC expects annual occupancy for U.S. RevPAR percent change, U.S.

Hotels 102

Hotels Occupancy Hospitality Travel 102

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 75

Occupancy Hotels 75

Lodging

NOVEMBER 20, 2023

hotel forecast revision of 2023. Occupancy was downgraded slightly (by 0.2 Occupancy was downgraded slightly (by 0.2 Hotel Forecast Revision of 2023 appeared first on LODGING Magazine. For 2023, growth in RevPAR was raised by 0.3 percentage points, due to a 0.6 percentage point lift in ADR growth. percentage points).

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Forecasting Hotels Average Daily Rate Tourism 113

Hospitality Net

OCTOBER 31, 2023

hotel revenue per available room (RevPAR) rose 2.9% in September 2023, which was the strongest year-over-year (YoY) growth of the quarter, even as occupancy continued to decline modestly.

Hotels 97

Hotels Occupancy Revenue 97

Lodging

NOVEMBER 27, 2023

hotel performance showed mixed year-over-year comparisons, according to CoStar’s latest data through Nov. Hotel Performance November 12-18, 2023 Percentage change from comparable week in 2022Occupancy: 62.4 percent) Among the Top 25 Markets, Boston saw the largest year-over-year occupancy lift (up 11.0 WASHINGTON—U.S.

Hotels 70

Hotels Occupancy Market Marketing 70

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. In this blog, we look at some ways to keep your hotel thriving during these tougher periods.

Occupancy 78

Occupancy OTA Hotels Forecasting 78

Hotel News Resource

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 59

Occupancy Hotels 59

Hotelier Magazine

NOVEMBER 28, 2023

Following seasonal patterns, Canada’s hotel performance fell month over month, but continued a stretch of year-over-year growth, according to CoStar’s October 2023 data. In comparison to October 2022, occupancy came in at 68.1 Among the major markets, Vancouver saw the highest occupancy (77.7 HENDERSONVILLE, Tenn.

Hotels 52

Hotels Occupancy Forecasting Hospitality 52

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 75

Occupancy Hotels 75

eHotelier

APRIL 16, 2023

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

Occupancy 52

Occupancy Hotels 52

Lodging

DECEMBER 1, 2023

hotel performance fell from the previous week, according to CoStar’s latest data through Nov. Hotel Performance November 19-25, 2023 Percentage change from comparable week in 2022Occupancy: 49.4 percent) Among the Top 25 Markets, Oahu Island saw the largest year-over-year increases in occupancy (up 9.4 percent (down 1.4

Hotels 57

Hotels Occupancy Market Marketing 57

Hotel News Resource

MARCH 31, 2023

Global hotel occupancy fell 1.6ppts week over week to 65.8%. As compared to last year, occupancy was up 12ppts with ADR increasing 17.1% That combined with a 1.2% dip in ADR (US$131) led to a 3.6% drop in RevPAR (US$86). and RevPAR growing 44%. This was the first time this year that RevPAR growth was less than 50% YoY.

Occupancy 52

Occupancy Hotels 52

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 52

Occupancy Hotels Travel Accommodation 52

Hotel Business

NOVEMBER 30, 2023

JLL ’s Hotels & Hospitality group has arranged refinancing for The Copley Square Hotel, a FOUND Hotel, a 164-key boutique hotel with more than two stories of F&B retail space in Boston. The seven-story boutique hotel is managed by FCL Management. Prudential Center, Boston Common and Public Garden.

Hotels 59

Hotels Tourism Occupancy Hospitality 59

Hotelier Magazine

NOVEMBER 22, 2023

hotel performance has increased from the previous week and showed positive year-over-year (YOY) comparisons, according to CoStar’s latest data for the week of November 5 to 11. In comparison to the same week in 2022, occupancy came in at 64.8 Among the top 25 markets, Denver saw the largest YOY occupancy lift (up nine per cent to 69.3

Hotels 59

Hotels Average Daily Rate Occupancy Revenue 59

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. and Alaska joined the leaderboard.

Occupancy 59

Occupancy Hotels Hotel Marketing Market 59

Little Hotelier

AUGUST 29, 2023

What is hotel investment? Hotel investment is the act of spending money on a hotel to make money from a hotel. The aim is to generate a hotel return on investment (or hotel ROI); money that you can either reinvest in the business or extract as profit. Hotel investments come in many shapes and sizes.

Hotels 98

Hotels ROI OTA Revenue 98

SiteMinder

SEPTEMBER 7, 2023

What are hotel fees? Hotel fees encompass a range of extra charges guests may pay for amenities and services. They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. However, they are more than just additional charges on a guest’s bill.

Hotels 106

Hotels Revenue Occupancy Resorts 106

Lodging

NOVEMBER 10, 2023

hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through November 9, 2023. Hotel Performance October 29-November 4, 2023 Percentage change from comparable week in 2022:Occupancy: 59.7 WASHINGTON—U.S. percent (down 4.0

Hotels 62

Hotels Occupancy Market Marketing 62

Hotel Business

OCTOBER 2, 2023

Unfortunately, as much as hotels want to create an environment that allows people to escape their problems, the hotel industry is not exempt from the potential of a mishap or a dangerous situation. With that in mind, Hotel Business Review reports that the hotel gym facility should “focus around the concept of risk management.”

Hotels 116

Hotels Occupancy Events Operations 116