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 189

Occupancy Hotels 189

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.

Occupancy 245

Occupancy Market Marketing Travel 245

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 188

Occupancy Hotels 188

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 264

Occupancy Events Hotels 264

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 189

Occupancy Hotels 189

Hospitality Net

APRIL 25, 2023

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

Occupancy 183

Occupancy Hotels 183

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

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

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.

Average Daily Rate 239

Average Daily Rate Occupancy Revenue Market 239

Hospitality Net

MAY 13, 2024

year over year (YoY) as average daily rate (ADR) showed a slight increase (+1.3%) but was offset by an occupancy decline of 0.5 and occupancy down 0.2%. Revenue per available room (RevPAR) increased 0.5% percentage points (ppts).

Average Daily Rate 245

Average Daily Rate Occupancy Revenue Hotels 245

Hotel Management

FEBRUARY 20, 2024

Ahead of the inaugural AHICE South East Asia, which takes place in Singapore on February 27-29, JLL Hotels and Hospitality Group CEO APAC, Nihat Ercan, discusses the latest developments in hospitality across the region. Thailand’s well-established and diversified hospitality market also looks attractive.

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Hospitality Net

MAY 15, 2024

That’s largely reflected in average-daily-rate (ADR) growth, although through much of 2023, the first and third points helped drive double-digit occupancy increases as well.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Hotels 244

Hospitality Net

MAY 3, 2024

The Hospitality Industry Sentiment (HIS) survey is STR’s quarterly study capturing the experiences and expectations of travel industry professionals. This survey began in Q4 2022, and with the fifth edition completed in Q1 2024, some trends have solidified while others appear to be reversing course.

Occupancy 130

Occupancy Travel Hospitality 130

Hospitality Net

APRIL 29, 2024

Dubai’s hotel occupancy and average daily rate (ADR) reached elevated levels during Ramadan and Eid al-Fitr, according to recent data from CoStar.

Average Daily Rate 242

Average Daily Rate Real Estate Occupancy Hotels 242

Hotel Business

MAY 3, 2024

Global occupancy moved up to 62% and ADR increased by a further 2% as pricing remained robust, reflecting the complete return of leisure, business and group travel.” increase YOY adjusting for Iberostar Net system size grew 3.4% YOY and is flat YTD; adjusting for Iberostar, net system size is up 3.2% YOY, with U.S.

Pipeline 64

Pipeline Occupancy Travel Branding 64

Hotel Business

JANUARY 12, 2024

JRK Property Holdings , through its $350-million hospitality fund, has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico, from the PRISA Group for an undisclosed price. JRK’s Hospitality Fund focuses on full- and select-service hotels for opportunistic and value-add investments.

Occupancy 111

Occupancy Hotels Construction Dining 111

Hospitality Net

MAY 6, 2024

as occupancy fell 0.8 hotel performance paused due to the Passover observance that began on Monday 22 April. Revenue per available room (RevPAR) declined 2.5% percentage points (ppts) and average daily rate (ADR) declined 1.3%.

Average Daily Rate 225

Average Daily Rate Occupancy Revenue Hotels 225

Hospitality Net

FEBRUARY 1, 2024

occupancy, a 6.8% This 6-point increase in occupancy is a result of the market accommodating 8.6% Peak season, May through October, monthly occupancies ranged between 84% and 89%, averaging 86%. The Boston/Cambridge lodging market ended 2023 at 76.4% variance over 2022’s 69.6%. more rooms in 2023 compared to the prior year; 0.6%

Market 244

Market Marketing Occupancy Accommodation 244

Hospitality Net

MARCH 4, 2024

hotels continued to see week-on-week occupancy growth, however, the rate of growth has slowed. The most recent level (62%) was the highest weekly occupancy of the year, up 2.8 As a lead up to spring, U.S. percentage points (ppts) from the prior week, but down 2.1ppts year over year (YoY).

Occupancy 245

Occupancy Travel Hotels 245

Hospitality Net

APRIL 22, 2024

driven by nearly equal gains in occupancy and average daily rate (ADR). Similar to the previous week, U.S. hotel performance ending 13 April 2024 reflected an easy comparison to Easter last year and the impact of the solar eclipse. Revenue per available room (RevPAR) rose 5.8%

Average Daily Rate 264

Average Daily Rate Occupancy Revenue Hotels 264

Hospitality Net

APRIL 29, 2024

Occupancy (at 66.8%), the highest level seen in 2024 so far, was essentially flat dropping 0.2 Normal patterns returned in the form of solid weekday and Top 25 Market performance, as well as strong group demand. Revenue per available room (RevPAR) rose 1.2% year over year (YoY) driven entirely by average daily rate (ADR), up 1.5%.

Average Daily Rate 244

Average Daily Rate Occupancy Revenue Market 244

Hospitality Net

MARCH 11, 2024

Occupancy held somewhat steady, average daily rate (ADR) increased, weekday (Monday-Wednesday) performance grew, and group demand exploded, surpassing both the 2023 and 2019 comparables. Growth in revenue per available rooms (RevPAR) returned to the U.S. following the previous week’s decrease.

Average Daily Rate 253

Average Daily Rate Occupancy Revenue 253

Hospitality Net

APRIL 15, 2024

year over year (YoY) via gains in occupancy (+2.9 Weekly U.S. results were robust with revenue per available room (RevPAR) rising 6.9% percentage points [ppts]) and average daily rate (ADR, +2.1%).

Average Daily Rate 225

Average Daily Rate Occupancy Revenue 225

Hospitality Net

MARCH 27, 2024

A Certificate of Occupancy (C.O.) is a vital requirement prior to opening your hotel after a new build/renovation (without it you’re subject to massive, compounding fines!). Because of the necessity of this certification, you’ll want to work it in to your construction plans from the very beginning to avoid any project delays.

Construction 240

Construction Occupancy Hotels 240

Hospitality Net

FEBRUARY 12, 2024

drop in occupancy in Q4 2023. Occupancy declines were partially offset by a 0.7% year-over-year decrease in hotel demand and a 0.8% increase in supply led to a 2.5% increase in average daily rates (ADR), resulting in a 1.9% decrease in revenue per available room (RevPAR) during the quarter.

Average Daily Rate 196

Average Daily Rate Occupancy Revenue Hotels 196

Hospitality Net

OCTOBER 11, 2023

Japan’s hotel occupancy is still yet to reach full recovery, with July’s 73.4% When looking at daily data, the highest occupancy level was on Saturday, 15 July (at 89.2%), which was the first day of Marine Day, a three-day-long national holiday in Japan. That occupancy level was the highest in Japan since 15 December 2019.

Average Daily Rate 230

Average Daily Rate Occupancy Hotels 230

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 241

Casinos Hotel Marketing Market Marketing 241

Hospitality Net

MAY 23, 2023

hotel industry occupancy plateaued at 65.1%, basically matching the level achieved the week prior (65.2%). While average occupancy did not change, day-of-week dynamics tell a tale of two opposite forces. Travelers opted to stay home for Mother’s Day, putting a damper on weekend occupancy, which was down 4.7

Occupancy 228

Occupancy Travel Business Hotels 228

Hospitality Net

JUNE 5, 2023

hotel occupancy (66.8%) exceeded the matched week last year by a slim margin of 0.4 While generally unchanged for the week, there were changes by day of week pointing to stronger mid-week occupancy and softer weekend occupancy compared to last year. Weekly U.S.

Occupancy 237

Occupancy Hotels 237

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 185

Market Marketing Occupancy Consumer 185

Hospitality Net

OCTOBER 2, 2023

However, overall occupancy for the week rose to 68.5% As compared to last year, occupancy was down 1.1 hotel industry saw a slow start to the week as the final day of the Rosh Hashanah observance held back travel. from 67.7% in the week prior.

Occupancy 238

Occupancy Travel Hotels 238

Hospitality Net

APRIL 18, 2024

Manhattan hotels have seen an increase in occupancy, average daily rate (ADR) and revenue per available room. But the growth rate has started to decline as the market stabilizes. Cheaper hotels gained from market fatigue, with midscale properties having three times the ADR growth than higher-priced hotels in Q4.

Average Daily Rate 202

Average Daily Rate Market Marketing Occupancy 202

Hospitality Net

FEBRUARY 26, 2024

Growth was balanced with 64% of markets showing increased occupancy and 70% achieving a higher average daily rate (ADR) than last year. 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.

Average Daily Rate 238

Average Daily Rate Market Marketing Occupancy 238

Hospitality Net

MAY 15, 2023

hotel industry occupancy showed an expected and modest decline of 1.4 Performance remained strong relative to last year with occupancy of 65.2% As we move into the period between spring and the post-Memorial Day summer kickoff, U.S. percentage points (ppts) from the prior week. ppts from the matched week last year.

Occupancy 262

Occupancy Hotels 262

Hospitality Net

APRIL 9, 2024

As the travel market continues to evolve, with occupancy levels exhibiting extraordinary growth in most major markets around the world, today’s hoteliers are facing an array of challenges in managing their operations efficiently.

Occupancy 245

Occupancy Operations Market Marketing 245

Hospitality Net

JULY 24, 2023

occupancy rebounded to 72.0%, which was an increase of 10.2 Occupancy was basically flat (+0.1%) year over year but down nearly 2ppts versus the same week in 2019. After the normal softness around the Fourth of July, U.S. percentage points (ppts) week over week (WoW).

Occupancy 235

Occupancy 235

Hospitality Net

MAY 30, 2023

hotel industry occupancy came in at 67.5%, which tied for the highest level of the year with 12-18 March 2023. Occupancy increased 2.4 percentage points (ppts) from the previous week but dipped 1.0 ppts year over year. Most of this decline was due to the calendar shift around Mother’s Day.

Occupancy 243

Occupancy Hotels 243