Hotels Occupancy Revenue 
Hotel Management
JANUARY 14, 2025
New Years Eve gave Sydney hotels plenty of cause for celebration on December 31. Sydney hotels pulled in record high average daily rate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% for December 2024, up 2.1%
Lodging
NOVEMBER 15, 2024
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. 5 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 CBRE now forecasts a.5 percent in August. CBRE now forecasts a.5 percent in August.
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Skift Blog
NOVEMBER 20, 2024
Skift Take: In the July-September quarter, the occupancy remained consistent as last year, and the growth in revenue was driven by higher room rates: A positive sign indicating travelers' willingness to spend more on tourism. Bulbul Dhawan Read the Complete Story On Skift
Hotel Management
MARCH 18, 2025
Live events drive more bookings and boost hotel profits, but to foster long-term loyalty, hotels must prioritise creating unforgettable guest experiences. When a global superstar like Taylor Swift announces tour dates, or a major sporting event is scheduled, hotels in those cities experience an immediate surge in demand.
Skift Blog
JULY 2, 2024
Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Bulbul Dhawan Read the Complete Story On Skift
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