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 242

Occupancy Tourism Hospitality Hotels 242

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 176

Occupancy Real Estate Hotels Market 176

Hospitality Net

JULY 6, 2023

This occurred despite the fact that the average occupancy for U.S. Based on our February 2023 Hotel Horizons® report, CBRE is forecasting that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. hotels is not expected to exceed 2019 levels until 2026.

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Occupancy Revenue Forecasting Hotels 179

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.

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Occupancy Travel Market Marketing 130

Hospitality Net

MAY 26, 2023

At a market-level, New York City continued to hold down the top occupancy spot while markets like Boston, Washington, D.C. and Alaska joined the leaderboard.

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Occupancy Market Marketing Travel 232

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.

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Occupancy Hotels 179

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 258

Occupancy Events Hotels 258

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. Hotel Occupancy Reaches Second Highest Level This Year appeared first on LODGING Magazine. percent (down 1.5 percent)ADR: $158.53 (up 3.6 percent)RevPAR: $106.98 (up 2.1

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Occupancy Hotels Market Marketing 144

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% RevPAR, occupancy down in Feb. 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. drop in demand.

Occupancy 59

Occupancy Consumer Forecasting Market Share 59

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.

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Occupancy Hotels Dining General Manager 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

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 176

Occupancy Hotels 176

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.

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Occupancy Hotels 186

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."

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Occupancy Revenue Hotels 64

eHotelier

AUGUST 29, 2023

8 practical tips to increase your hotel’s occupancy rates - Insights With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed.

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Occupancy Management 105

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

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

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

APRIL 25, 2023

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

Occupancy 157

Occupancy Hotels 157

eHotelier

MARCH 17, 2024

Today, the inaugural Maximum Occupancy West Coast Conference announced its first speakers. Scheduled for 16 April 2024 at the Crown Perth, the conference will include a cross-section of leaders in the Western Australian accommodation industry, East Coast and abroad.

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Occupancy Accommodation Events 52

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.

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Average Daily Rate Occupancy Revenue Market 208

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.

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Occupancy Ancillary Revenue Upsell Revenue 115

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. This compares to all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

Hotel Business

APRIL 5, 2024

The post SiteMinder: Solar eclipse boosts occupancy across U.S. This will maximize their opportunities to upsell to today’s experience-led, deal-hungry travelers, thereby further increasing their revenue.” appeared first on hotelbusiness.com.

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Occupancy Upsell Revenue Revenue Management 64

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 Market Marketing Hotels 52

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 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

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

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Tourism Occupancy Events Accommodation 290

Hotelier Magazine

APRIL 25, 2023

In comparison to the same week in 2022, occupancy came in at 64.2 Among the top 25 markets, Minneapolis saw the highest YOY increase in occupancy (up 17.4 Hotels Report Increase in Occupancy, says STR appeared first on Hotelier Magazine. per cent (up 3.7 per cent); Average Daily Rate (ADR) came in at US$155.33 (up 4.7

Occupancy 64

Occupancy Average Daily Rate Hotels Revenue 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 76

Occupancy Forecasting OTA Revenue 76

Skift Blog

APRIL 18, 2023

Skift Take: Strong leisure travel demand and resumption of international flights have been instrumental in reshaping the fortunes of the hospitality sector. But will the trend continue? Amrita Ghosh Read the Complete Story On Skift

Occupancy 204

Occupancy Hospitality Travel Hotels 204

Belza

MARCH 3, 2024

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

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Occupancy Hotel Marketing Hotels Market 52

Skift Blog

JUNE 28, 2023

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

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Occupancy Consumer Market Marketing 211

Skift Blog

APRIL 27, 2023

Skift Take: When Accor sneezes, the global hotel industry catches a cold. The Paris-based hotel giant sounds healthy. Sean O'Neill Read the Complete Story On Skift

Occupancy 220

Occupancy Hotels 220

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

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 284

Occupancy Hotels Market Marketing 284