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 185

Casinos Hotel Marketing Market Marketing 185

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 156

Occupancy Real Estate Hotels Market 156

Lodging

JUNE 19, 2023

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

MAY 16, 2023

The Asia Pacific (APAC) region is experiencing growing travel demand across all markets, according to the latest data from Amadeus. In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. in January 2023 to 76.5% in March 2023. in January 2023 to 76.5%

Occupancy 130

Occupancy Travel Market Marketing 130

Lodging

MAY 25, 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. Among the Top 25 Markets, Washington, D.C., Hotel Occupancy Reaches Second Highest Level This Year appeared first on LODGING Magazine. percent (down 1.5

Occupancy 147

Occupancy Hotels Market Marketing 147

Hospitality Net

FEBRUARY 26, 2024

STR’s global "bubble chart" update as of 10 February 2024 shows that 74% of markets increased revenue per available room (RevPAR) from the comparable period in 2023. Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year.

Average Daily Rate 178

Average Daily Rate Market Marketing Occupancy 178

Hospitality Net

MARCH 6, 2024

Travel demand is likely to stabilize in 2024 benchmarking record occupancy and rate. The Industry will see 65+ percent occupancy overall and even higher ADR in 2024.

Market 140

Market Marketing Occupancy Consumer 140

Webrezpro

MAY 2, 2024

With the promise of long, warm days and lazing outdoors, hotels are kicking off their summer marketing campaigns. While occupancy tends to be higher during the summer, the market is competitive as travelers put their time and effort into planning these much-awaited getaways.

Market 84

Market Marketing Occupancy Hotels 84

Hospitality Net

MARCH 24, 2024

STR’s global "bubble chart" update as of 9 March 2024 shows that 77% of markets increased revenue per available room (RevPAR) from the comparable period in 2023, which was 4% more than the last update. Occupancy and average daily rate (ADR) were also steadily higher than last year.

Average Daily Rate 130

Average Daily Rate Market Marketing Hotel 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+ ®. ADR has continued to rise too, averaging a 7% increase from when the data was last examined (see charts above and below).

Occupancy 90

Occupancy Average Daily Rate Hotels Market 90

Hospitality Net

AUGUST 18, 2023

Since 2020, the Louisville hotel market has seen an increase in leisure travel associated with bourbon tourism, its nearby universities, and the Kentucky Derby. It is because of these large demand generators that the market has been able to recover most of its occupancy-based COVID-19 losses.

Hotel Marketing 206

Hotel Marketing Market Marketing Occupancy 206

Hospitality Net

MAY 31, 2023

STR’s global "bubble chart" update through 20 May 2023 shows 85% of markets with growth in revenue per available room (RevPAR) compared to 2019. More notably, however, the gains included a more significant contribution from occupancy growth, as half of all markets surpassed their 2019 comparables.

Occupancy 130

Occupancy Revenue Market Marketing 130

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 26, 2024

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared.

Occupancy 130

Occupancy Hotels Dining General Manager 130

Hospitality Net

MAY 1, 2023

STR’s global “bubble chart” update through 15 April 2023 shows continued improvement in the Asia Pacific region and more than half of global markets with better than 20% growth in revenue per available room (RevPAR) versus 2019.

Average Daily Rate 179

Average Daily Rate Occupancy Revenue Market 179

Hotel Management

MARCH 30, 2023

Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.

Occupancy 130

Occupancy Events General Manager Hotels 130

Lodging

MARCH 29, 2024

Hotel Performance March 17-23, 2024 Percentage change from comparable week in 2023:Occupancy: 65.3 percent) Among the Top 25 Markets, New Orleans reported the largest year-over-year increase in occupancy (up 13.6 percent (up 0.7 percent)ADR: $162.28 (up 2.5 percent)RevPAR: $106.01 (up 3.2 percent to 75.5

Occupancy 290

Occupancy Hotels Market Marketing 290

Hospitality Net

APRIL 20, 2023

After two years since the COVID-19 pandemic started, the tourism market in Croatia has almost completely recovered in 2022, with only 2% fewer overnight stays than in 2019. Occupancy reached 79%, 25% above the 2021 season but still 9% below 2019.

Market 162

Market Marketing Occupancy Hospitality 162

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 Forecasting Market Share 59

Skift Blog

JUNE 28, 2023

If not, we are looking at a softening market. Skift Take: Rising supply is a good as long as there is demand at a price that consumers are willing to pay. Srividya Kalyanaraman Read the Complete Story On Skift

Occupancy 219

Occupancy Consumer Market Marketing 219

Lodging

JANUARY 18, 2024

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. Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (up 8.8

Average Daily Rate 277

Average Daily Rate Occupancy Revenue Hotels 277

Hospitality Net

APRIL 19, 2023

Key markets in the Middle East are showing a spike in hotel occupancy on the books during Eid al-Fitr, according to STR’s Forward STAR data.

Market 185

Market Marketing Occupancy Hotels 185

Hotel Management

JUNE 15, 2023

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

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 Market Marketing Hotel Marketing 59

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Lodging

FEBRUARY 22, 2024

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 Markets with the lowest occupancy for the month included Minneapolis (40.7 percent (down 1.7 percent)ADR: $146.33 (up 2.7 percent)RevPAR: $75.99 (up 0.9

Occupancy 182

Occupancy Hotels Market Marketing 182

Hotel News Resource

MAY 2, 2024

Surging inbound tourism will help boost Australia's hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.

Occupancy 45

Occupancy Tourism Forecasting Hotels 45

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 All top 25 markets in the U.S.

Occupancy 52

Occupancy Market Marketing Hotels 52

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 Market Marketing Hotels 59

Lodging

MARCH 30, 2023

HENDERSONVILLE, Tennessee—STR has expanded the forward-looking component of its product offering by launching 104 new Forward STAR markets/submarkets in the United States and Canada.

Market 162

Market Marketing Occupancy Hotel Marketing 162

Hotel Business

APRIL 5, 2024

“Events such as the upcoming total solar eclipse provide an opportunity for hotels to bring in critical revenue by capitalizing on surges in demand,” said Jason Lugo, market VP for the Americas, SiteMinder. The post SiteMinder: Solar eclipse boosts occupancy across U.S. appeared first on hotelbusiness.com.

Occupancy 64

Occupancy Upsell Revenue Revenue Management 64

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. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 78

Occupancy Forecasting OTA Revenue 78

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

Amadeus Hospitality

MAY 11, 2023

Originally published to Amadeus Insights May 12, 2023 – Travel across the Asia Pacific region (APAC) is well on its way to recovery, with growing travel demand across all markets as the industry approaches the second half of the year. Hotel occupancy levels in major APAC markets improved throughout Q1 2023. in March 2023.

Occupancy 96

Occupancy Travel Hotels Market 96

Lodging

APRIL 26, 2024

Hotel Performance April 14-20, 2024 Percentage change from comparable week in 2023:Occupancy: 66.8 percent) Among the Top 25 Markets, Philadelphia reported the largest year-over-year increases in occupancy (up 14.3 percent (down 0.3 percent)ADR: $158.60 (up 1.5 percent)RevPAR: $105.94 (up 1.2 percent to 72.1 percent to $114.11).

Occupancy 147

Occupancy Hotels Market Marketing 147

Hospitality Net

JULY 10, 2023

STR’s global “bubble chart” update as of 17 June 2023 shows that 85% of markets experienced growth in revenue per available room (RevPAR) when compared to 2019. This reflects the same level as the previous update, which marked the largest share of markets with growth since the beginning of the pandemic.

Market 151

Market Marketing Hotel Marketing Occupancy 151

Hotel News Resource

APRIL 11, 2024

The market's highest daily occupancy level was seen on Saturday, 16 March (98.6%) - the night of the final round of the Six Nations championship between Scotland and Ireland at Aviva Stadium. The market's daily occupancy levels were above the 70% mark throughout the month apart from two days.

Occupancy 40

Occupancy Market Marketing Hotels 40