Lodging

JANUARY 23, 2024

HENDERSONVILLE, Tennessee—STR and Tourism Economics ​made minimal adjustments to growth projections in the first U.S. percentage points, while occupancy and revenue per available room (RevPAR) were unchanged from the previous forecast. hotel forecast of 2024 at the Americas Lodging Investment Summit (ALIS).

Forecasting 179

Forecasting Average Daily Rate Occupancy Tourism 179

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. Hotels achieved 5% higher revenues in the summer season than in 2019, primarily due to higher ADR.

Market 228

Market Marketing Occupancy Hospitality 228

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 77

Occupancy Forecasting OTA Revenue 77

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. The occupancy projection for this year was lowered 0.2 percent from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5 The occupancy projection for this year was lowered 0.2 percent and 1.3

Forecasting 146

Forecasting Average Daily Rate Occupancy Tourism 146

Hotel Management

FEBRUARY 20, 2024

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Do these themes play out closer to home?

Real Estate 245

Real Estate Average Daily Rate Occupancy Tourism 245

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). The occupancy projection for this year was lowered 0.2% The occupancy projection for this year was lowered 0.2% For 2024, a 1.4%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Little Hotelier

FEBRUARY 25, 2024

What is revenue management consulting? Revenue management consulting is specialised expertise that a business can bring in to gain guidance on managing and optimising revenue. An investment in hotel revenue management services is therefore one that can quickly deliver an attributable return.

Revenue Management 52

Revenue Management Revenue Services Management 52

Hotel Management

MARCH 25, 2024

The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5

Tourism 130

Tourism Occupancy Resorts Branding 130

Hotel Management

MARCH 25, 2024

The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5

Tourism 130

Tourism Occupancy Resorts Branding 130

Hotel Management

FEBRUARY 15, 2024

Lunar New Year has failed to lure high numbers of visitors from China to Australia with the Australian Tourism Export Council (ATEC) reporting a slower than expected recovery. The ATEC said it is urging government to invest in the Approved Destination Status program to help Australia compete in the global marketplace.

Travel 264

Travel Tourism Revenue Operations 264

Hotelier Magazine

AUGUST 16, 2023

STR and Tourism Economics lowered their year-over-year growth projections in the revised 2023-24 U.S. For 2023, growth in Revenue Per Available Room (RevPAR) was lowered by 0.5 per-cent downgrade in occupancy growth. per-cent downgrade in occupancy. The post STR and Tourism Economics Lower Growth Forecast for U.S.

Forecasting 52

Forecasting Tourism Average Daily Rate Occupancy 52

SiteMinder

FEBRUARY 14, 2024

What are tourism trends? Tourism trends reflect evolving patterns and preferences in travel, influenced by factors such as technological advancements, socio-economic shifts, and changing consumer behaviours. Table of contents Why keep up with new trends in tourism?

Tourism 59

Tourism Market Marketing Travel 59

Hotel Management

JUNE 29, 2023

CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

STAAH

AUGUST 20, 2023

The Thai beach resort attributes the revenue surge to the efficiencies in online distribution and direct bookings via STAAH. Lastly, in the highly competitive Thai tourism market, staying one step ahead of competitors is critical. Since moving to STAAH, KC Beach Club has increased its occupancy by 50% with a revenue growth to match.

Revenue 76

Revenue Overbooking Resorts Occupancy 76

eZee Absolute

AUGUST 22, 2023

Impact of MICE on The Hospitality Industry In the busy world of hospitality, MICE tourism emerges as a powerful catalyst, reshaping the landscape of hotels and accommodations. Driving Occupancy and Revenue One of the most immediate and noticeable impacts of MICE on the hotel industry is occupancy rates and revenue generation.

Tourism 52

Tourism Hospitality Events Occupancy 52

Hotel News Resource

AUGUST 11, 2023

For 2023, growth in revenue per available room (RevPAR) was lowered by 0.5 percentage points, due to a 0.6ppt downgrade in occupancy growth. For 2024, the RevPAR growth projection was also lowered 0.5ppts on a 0.5ppt downgrade in occupancy. Average daily rate (ADR) was upgraded 0.1ppts for 2023 but kept flat for 2024.

Average Daily Rate 52

Average Daily Rate Forecasting Occupancy Tourism 52

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

STAAH

DECEMBER 18, 2023

Clearly, the tourism and hospitality industry saw some positive growth. Read full blog 6 Hotel Sales Strategies To Increase Occupancy and Revenue A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. It has been a great year when the hospitality industry saw a boom. Read full blog

Hospitality 86

Hospitality Occupancy Target Marketing Marketing Strategy 86

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

eZee Absolute

AUGUST 31, 2023

In a world where travellers are increasingly seeking authentic experiences, food tourism is becoming a major driving force in the hospitality industry. So, as the purpose of travel has evolved beyond reaching places, the impact of food tourism has become a significant factor in shaping how hotels cater to their guests.

Tourism 52

Tourism Hotels Travel Dining 52

Hotel Management

OCTOBER 19, 2023

Despite the region’s uneven tourism recovery, core assets in Japan, Singapore, Australia and Korea, as well as resort markets continue to generate strong interest.” Occupancy in most markets is ranging from 5% to 15% below 2019 levels – a scenario that CBRE expects will continue into H1 2024.

Hotels 162

Hotels Occupancy Market Marketing 162

SiteMinder

NOVEMBER 22, 2023

Events are a never-ending marketing opportunity and a major source of tourism. Pricing & marketing Developing a strategic pricing model is key to attracting the right audience while maximising revenue. This enables you to optimise your rates at all times for more bookings and consistently high revenue.

Events 59

Events Revenue Hotels Management 59

eHotelier

NOVEMBER 27, 2022

STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022.

Forecasting 52

Forecasting Average Daily Rate Occupancy Tourism 52

Hotelier Magazine

AUGUST 29, 2023

. — Canada’s hotel industry reported its highest Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR) for any month on record, according to CoStar’s July 2023 data. In addition to the monthly ADR and RevPAR levels, Canada’s occupancy level was its highest since August 2022. per cent to 75.6 per cent, while ADR rose 7.7

Average Daily Rate 52

Average Daily Rate Occupancy Forecasting Hotels 52

Hotel Business

JANUARY 25, 2024

International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. Cities that focus on intentional tourism and leverage technology will garner long-term investor interest, with foreign capital likely to be the most acquisitive in 2024.

Real Estate 126

Real Estate Consumer Tourism Hotels 126

Cloudbeds

APRIL 30, 2024

A question that likely keeps you up at night is, ‘How can I boost revenue per available room (RevPAR) and outpace my competitors?’ It’s the bedrock of hotel revenue management , and for good reason. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates.

Revenue Management 52

Revenue Management Revenue Occupancy Hotels 52

eZee Absolute

OCTOBER 16, 2023

Situated in the bustling tourism hub of Goa, the competition was fierce year-round. Increased Bookings and Revenue: eZee’s reservation management system eliminated the chaos of overbookings and cancellations, leading to increased bookings and improved revenue.

Resorts 52

Resorts Tourism Fair Share Operations 52

Hotel Business

APRIL 15, 2024

The technology provider said the return of international tourism could also play a role in the shift towards longer stays, as inbound tourists tend to stay longer and spend as much as 90% more than domestic travelers. By increasing revenue per guest, boosting occupancy rate and reducing room turnover costs, hoteliers benefit.

Average Length of Stay 64

Average Length of Stay Travel Occupancy Tourism 64

Hotelier Magazine

JUNE 29, 2023

In May 2023 (year-over-year percentage change), occupancy came in at 69.2 per cent); Average Daily Rate (ADR) came in at $197.10 (up 15 per cent) and Revenue Per Available Room (RevPAR) came in at $136.32 (up 25.7 Among the provinces and territories, Newfoundland recorded the highest May occupancy level (79.9 per cent (up 9.3

Average Daily Rate 59

Average Daily Rate Occupancy Forecasting Hotels 59

SiteMinder

DECEMBER 4, 2023

Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Online sales in the hotel segment will generate 80% of total revenue in 3 years. Average US occupancy rate is just under 65%. million people.

Occupancy 59

Occupancy Hotels Average Length of Stay Revenue 59

Hotel Business

MAY 1, 2023

Revenue for the quarter was up 54% vs. the same quarter last year. “In “These excellent performances were driven in particular by the strong rebound in Asia, good price levels and increased occupancy rates. “In For the first quarter ended March 31, Accor Group reported a 19% increase in RevPAR vs. the same period of 2019.

Occupancy 59

Occupancy Revenue Business Tourism 59

Hotel Management

MAY 2, 2023

New data from STR shows that the city had its best month on record for hotel occupancy in March with an average of 8,376 room nights occupied each night of the month, creating an all-time high of more than $60 million in revenue.

Hospitality 130

Hospitality Events Real Estate Pipeline 130

SiteMinder

SEPTEMBER 7, 2023

They can also be strategic revenue boosters that can significantly elevate your hotel’s profitability. While hotel fees can be powerful secondary revenue generators or a useful tool to mitigate additional operational costs, there is an art to applying them effectively.

Revenue 105

Revenue Hotels Services Cancellation 105

Hotel Business

OCTOBER 27, 2023

The underlying dynamics observed in previous quarters remained constant, with ADR still high and a marked improvement in the occupancy rate, which slightly lags the level of 2019. Consolidated revenue The group reported third-quarter 2023 revenue of 1.286 billion euros ($1.359 billion), up 13% like-for-like (LFL) versus Q3 2022.

Revenue 72

Revenue Occupancy Services Management 72

Hotel Management

MAY 10, 2023

South Australian Minister for Tourism and Multicultural Affairs, Zoe Bettison Following the emotive Welcome to Country ceremony, emcee Jess Adamson introduced South Australian Minister for Tourism and Multicultural Affairs, Zoe Bettison, enthusiastically talked up the impressive growth of her state. You need to fix that.”

Tourism 130

Tourism Hotels Real Estate Construction 130

Hotel Business

APRIL 1, 2024

Rafael del Castillo has been appointed as the company’s first chief revenue officer (CRO), where he is responsible for driving increased revenue performance at Selina’s hotel portfolio. His top two priorities will be to continue the traction to optimize occupancy levels and to grow the food and beverage business. in Mexico.

Retail 64

Retail Operations Marketing Strategy Revenue 64

SiteMinder

OCTOBER 15, 2023

They can also be known as distribution channels and are crucial for ensuring your hotel maintains a healthy occupancy rate and revenue stream. This blog will explain which channels are the most lucrative for your hotel and how you can maximise revenue using them. Skyscanner – A common choice for travellers on a budget.

Global Distribution System 59

Global Distribution System OTA Revenue Hotels 59