Xotels

JULY 8, 2025

Reach an annual occupancy of 90%”). Industry Analysis Information on the current industry trends and the current state of the market and how this will impact your hotel. Especially, since this example is typically known for lower demand in winter which you could be compensating for with the right hotel marketing strategies on hand.

Business 98

Business Hotels Revenue Management Revenue 98

Cloudbeds

MARCH 12, 2025

Faced with persistent labor shortages, increased price sensitivity from travelers, and a rising market share for branded hotels which now represent 72% of all US hotels independent operators must sharpen their strategies to stay ahead. The findings reveal 2025 is set to be the year of optimizing performance for independent hoteliers.

Average Daily Rate 59

Average Daily Rate OTA Market Share Occupancy 59

Hotel Business

MARCH 12, 2025

Faced with persistent labor shortages, increased price sensitivity from travelers and a rising market share for branded hotelswhich now represent 72% of all U.S. hotelsindependent operators must sharpen their strategies to stay ahead.

OTA 59

OTA Market Share Occupancy Travel 59

Hotel Business

MAY 21, 2025

Our Days Inn brand has improved from 110% to 120% in fair market share. Echo Suites by Wyndham is helping us enter new segments and markets. Currently centered around occupancy, reimbursements will soon incorporate guest satisfaction scores, aiming to reward and recognize hotels delivering great guest experiences.

Branding 59

Branding Dining Marketing Market 59

Hotel Management

MAY 1, 2023

The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22. The City of Sydney is a new hospitality market for lyf where we have a first in market advantage in an area with high population growth forecasts for urban professionals.

Retail 246

Retail Accommodation Branding Market Share 246

Hotel News Resource

MARCH 12, 2024

Despite taking share from hotels, increasing supply has created occupancy headwinds for short term rentals causing RevPAR to contract 6.6%. Hotel demand fell 2.0% in January, while short-term rental demand rose 1.3%.

Market Share 75

Market Share Occupancy Marketing Market 75

Hotel News Resource

JULY 15, 2024

In May, short-term rentals continued to take share from hotels, with demand growing 13% compared with a 1.5% While RevPAR growth for STRs was positive, up 4.2%, occupancy has dropped to below pre-pandemic levels as supply growth has continued to increase. increase in hotel demand.

Market Share 74

Market Share Occupancy Marketing Market 74

Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% Food for thought Short-term rentals continued to take market share in February. RevPAR, occupancy down in Feb. Hotels State of the Union April 2024 Edition. increase in ADR did not offset a 1.9%

Occupancy 59

Occupancy Consumer Market Share Forecasting 59

Hotel Management

OCTOBER 1, 2024

The Auckland market will need more than just the NZICC to see occupancy rates recover to near previous levels particularly considering the supply currently under construction. This has placed pressure on owners of older hotels to refurbish or maintain their properties to remain competitive or lose market share.

Hotel Marketing 130

Hotel Marketing Marketing Market Events 130

Boutique Hotel News

MARCH 24, 2023

Boutique hotel groupings averaged 58 to 65 per cent occupancy in 2022. This is compared to all US hotels at 63 per cent occupancy. Whilst occupancy levels have not fully returned to 2019 levels, strong rate increases compared to the previous year have enabled most class groups to achieve RevPAR recovery. .

Occupancy 98

Occupancy Hotels Market Share Revenue 98

Hotel Management

JANUARY 16, 2024

We do see a lot of Aussies travelling domestically and flying internationally and then quite a few corporates coming in as well domestically, but certainly our international market share has been increasing from day one. We’ve set some high goals in terms of our occupancy level, and we continue to ramp up.

Marketing 147

Marketing Market Occupancy Hotels 147

Cloudbeds

JULY 4, 2024

This index can vary according to the business strategy, and factors impacting it include the average daily rate (ADR) , occupancy rate, quality of services offered, marketing strategies, reputation, and more. Calculate your property’s ADR, RevPAR, and occupancy rate. How is ARI calculated?

Market Penetration 72

Market Penetration Management Market Share Occupancy 72

Inn Quest

APRIL 5, 2023

It is a dynamic pricing strategy that allows hotels to offer competitive prices during low-occupancy periods while maximizing profits during high-demand periods. It enables hotels to achieve this goal by analyzing data such as occupancy rates, booking trends, and seasonal patterns to adjust prices and inventory.

Yield Management 88

Yield Management Management Occupancy Revenue 88

Little Hotelier

AUGUST 12, 2024

When you have lower operating costs, you can more comfortably offer more competitive rates, winning business and growing your market share. Maximising ADR helps a hotel increase revenue without needing to increase occupancy. Creating an efficient hotel is simply good business.

Average Daily Rate 95

Average Daily Rate Revenue Occupancy Operations 95

Hotel Business

JANUARY 9, 2023

2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. We expect it will continue to be a main driver in the market heading into 2023, particularly as demand for these accommodations soars and labor remains expensive and in short supply. By Shilpan Patel.

Services 116

Services Revenue Occupancy Travel 116

Hotel Speak

SEPTEMBER 26, 2024

Certainly rates and occupancy grew very nicely in 2023, but we reached a plateau where we couldn’t really push rates any further,” Jon Siberry, Group Revenue Manager of Sarova Hotels explained. Any increase in revenue is going to come through occupancy, so 2024 has been a bit more of a push. billion in 2024 to $1,932.73

Marketing 104

Marketing Market Hotels Forecasting 104

Hotel Business

MARCH 6, 2023

Rate Insight+ offers hoteliers a comprehensive view of competitive short-term rental and hotel pricing in their specific market, providing crucial data to enable better pricing decisions based on demand, occupancy, and rates in their market, according to the company.

OTA 59

OTA Market Share Occupancy Marketing 59

Cloudbeds

OCTOBER 9, 2024

In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings. These trends can impact room rates, ancillary revenue, and overall occupancy patterns.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

SiteMinder

AUGUST 1, 2024

Rate shopping your hotel competitor rates gives you the opportunity to: Optimise pricing: Understanding competitor pricing helps you set competitive rates, maximising revenue without sacrificing occupancy. Identify pricing gaps: You’ll be able to spot chances to increase rates without losing market share.

Shopping 78

Shopping Revenue Average Daily Rate Revenue Management 78

Hotel Business

AUGUST 9, 2023

“Our team is united in our focus on finding the right business, at the right time, at the right price point while continuing to shift market share away from our competition and providing service that is realizing strong customer retention,” said Fraser.

Market Share 52

Market Share Revenue Occupancy Hotels 52

Amadeus Hospitality

FEBRUARY 28, 2023

The access to forward-looking insights from Amadeus’ Demand360 solution will offer the opportunity to shift market share and grow Ascott’s business.

Business 59

Business Occupancy Revenue Market Share 59

Hotelogix

AUGUST 6, 2024

Increasing your Hotel's Market Share Growing your market share requires strategic marketing and distribution efforts. Strategic marketing and distribution: Optimize your presence across all distribution/sales channels. Utilize data analytics to forecast demand accurately and adjust prices in real-time.

Revenue 52

Revenue Management Upsell Target Marketing 52

Hotel Business

OCTOBER 26, 2023

Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. economy brands gained market share of 100 basis points in the third quarter. The company’s U.S.

Pipeline 64

Pipeline Market Share Branding Revenue 64

Hotelier Magazine

MAY 16, 2023

WASHINGTON — CoStar Group has launched STR Benchmarking, a transformational market share product for the global hotel industry. Future product enhancements, which are expected to begin rolling out later this year, include portfolio-level benchmarking, monthly P&L, average-length-of-stay data and forward-looking occupancy.

Average Length of Stay 52

Average Length of Stay Market Share Scale Occupancy 52

Cloudbeds

MARCH 21, 2024

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. Cloudbeds’ newly launched State of Hostels report reveals 2024 will be the year of chasing demand for hostels.

Average Daily Rate 52

Average Daily Rate Occupancy Accommodation Market Share 52

Travel Media Group

MARCH 16, 2022

Host Ryan Embree discusses how hotels can position themselves to capture market share and secure bookings from both engaged couples and wedding guests. And it's having a huge impact on occupancy. And that means a lot of occupancy opportunity. Listen now! million weddings in 2022. Listen now!

Digital Marketing 52

Digital Marketing Market Share Hotels Occupancy 52

Hotel Business

OCTOBER 24, 2024

economy brands continued to strengthen their position, gaining 50 basis points of market share in the third quarter driven by performance in oil and gas markets, which grew 250 basis points in the quarter, and in the five states with the highest infrastructure bill spend, which collectively grew 80 basis points.

Ancillary Revenue 59

Ancillary Revenue Pipeline Revenue Occupancy 59

SiteMinder

OCTOBER 10, 2022

The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49.

Average Daily Rate 52

Average Daily Rate Occupancy Revenue Hotels 52

Hotelogix

OCTOBER 14, 2023

Occupancy Rate This term known as occupancy rate is used to express a percentage of rooms which are occupied for a particular period of time. The occupancy rate is found out by dividing the number of occupied rooms with the total available rooms. The rate of occupancy is crucial to plan the operations of the hotel business.

KPI 52

KPI Average Length of Stay Average Daily Rate Occupancy 52

Hotelier Magazine

JULY 9, 2024

By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. In comparison to 2022, occupancy was 65.7

Average Daily Rate 52

Average Daily Rate Occupancy Pipeline Hotels 52

TravelNet

APRIL 25, 2024

Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out. 2024 is shaping up to be a market-correction year: Inflation is expected to decline further and is currently outpaced by wage growth. Aggregate ADR was lower than the previous year.

Marketing 52

Marketing Market Occupancy Business 52

TravelNet

APRIL 25, 2024

Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out. 2024 is shaping up to be a market-correction year: Inflation is expected to decline further and is currently outpaced by wage growth. Aggregate ADR was lower than the previous year.

Marketing 52

Marketing Market Occupancy Business 52

TravelNet

APRIL 25, 2024

Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out. 2024 is shaping up to be a market-correction year: Inflation is expected to decline further and is currently outpaced by wage growth. Aggregate ADR was lower than the previous year.

Marketing 52

Marketing Market Occupancy Business 52

STAAH

JULY 8, 2024

Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. Here’s a comprehensive guide to help accommodation providers optimize their efforts and maintain steady occupancy rates during economic downturns.

Digital Marketing 52

Digital Marketing Accommodation Marketing Market 52

Amadeus Hospitality

MAY 7, 2023

We look forward to further online visibility in the marketplace and using the latest tech tools to drive market share.” Scott Falconer, Executive Vice President, Media Solutions, Hospitality, Amadeus , said, “We are proud to announce the extension of a partnership that has already proven to be successful.

Market Share 52

Market Share Marketing Market Travel 52

Cloudbeds

SEPTEMBER 18, 2024

This data can then be used to make changes to improve revenue management, occupancy, guest experience, and operational efficiency. Basic KPIs include average daily rate (ADR) , occupancy (OCC), revenue per available room (RevPAR), and average length of stay (ALOS). Revenue management KPIs. Food & beverage KPIs.

Operations 40

Operations Revenue Management Occupancy Revenue 40

Amadeus Hospitality

JUNE 27, 2023

The insights provide a clear snapshot of hotel occupancy and booking trends, along with information on which sectors are meeting, group size, and the size of their meeting space. Our ultimate goal is to give hoteliers and DMO/CVBs all the tools they need to develop strong marketing and revenue strategies to increase their market share.”

Business 52

Business Hospitality Events Average Daily Rate 52