Hotel Business

APRIL 15, 2024

decrease in occupancy, which was driven in part by a 1.3% While consumers have the means to travel, dwindling COVID savings and below-average savings rates could be a headwind going forward. decrease in occupancy, which was driven in part by a 1.3% Outbound international travel continues to outperform inbound.

Occupancy 59

Occupancy Consumer Forecasting Market Share 59

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

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

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 252

Occupancy Hospitality Travel Hotels 252

Hospitality Net

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.

Occupancy 189

Occupancy Travel Hotels Market 189

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

Hotel Management

JUNE 12, 2023

But despite feeling the pinch, the desire to travel still remains strong, according to Accor’s global commercial chief. While we have higher cost of living, the rising inflation rate and GDP – leisure travel is still extremely strong,” Accor Group Chief Commercial Officer – Premium, Midscale and Economy, Karelle Lamouche, told HM.

Travel 262

Travel Consumer Occupancy Branding 262

Hotel Business

APRIL 5, 2024

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

Occupancy 64

Occupancy Upsell Revenue Revenue Management 64

Hotel Management

JANUARY 17, 2024

With the resurgence of domestic and international travel, airport hotels are in hot demand according to major hotel operators. They are fast paced, deliver strong occupancy rates and bring a diverse range of guests through our doors, enabling us to showcase our renowned EVT hospitality.

Travel 130

Travel Occupancy Hotels Resorts 130

Lodging

MARCH 27, 2023

HENDERSONVILLE, Tennessee—Helped by spring break travel, U.S. Hotel Performance March 12-18, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 67.6 percent) Among the Top 25 Markes, Boston saw the highest year-over-year increase in occupancy (up 17.8 percent (up 1.3 percent, down 2.5 percent, up 23.9

Travel 162

Travel Occupancy Hotels Market 162

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 While the week included Presidents’ Day, which tends to slow travel, the comparison was clean as the holiday occurred in the same week last year.

Occupancy 245

Occupancy Travel Hotels 245

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. Or you can entice weekend travellers to stay an extra day with a sweeter mid-week deal?

Occupancy 77

Occupancy Forecasting OTA Revenue 77

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.

Occupancy 290

Occupancy Tourism Events Accommodation 290

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

Skift Blog

DECEMBER 13, 2023

Skift Take: Online travel agencies have been sued for occupancy taxes since 2004, before Airbnb's founding. Two decades later, the issue is ongoing around the world. Dennis Schaal Read the Complete Story On Skift

Occupancy 270

Occupancy Travel 270

Hotel Management

APRIL 6, 2023

Barry Robinson, President and Managing Director International Operations, Wyndham Destinations Travel and Leisure Co. Leisure travel is back, but while most markets are shaking off the shackles of the pandemic, China has only just opened its borders. As a result, Travel + Leisure Co. As a result, Travel + Leisure Co.

Travel 246

Travel Operations Resorts Occupancy 246

Hotel Management

JANUARY 16, 2024

“Serviced apartments in Jakarta demonstrated consistent growth in average occupancy rates during Q3 2023 and increments in average rates is expected with new inventory in the city,” said Choe Peng Sum. The post Pan Pacific Hotels unveils Parkroyal Serviced Suites in Jakarta as business travel rebounds appeared first on Hotel Management.

Services 130

Services Business Travel Occupancy 130

Hotel News Resource

MARCH 23, 2023

Among key markets in the region, São Paulo has seen stronger occupancy recovery on weekends compared to weekdays, but shoulder days (Sunday and Thursday), which combine both business and leisure travel, have been the best performing days in the market.

Occupancy 94

Occupancy Market Marketing Travel 94

Skift Blog

JUNE 29, 2023

Skift Take: While Seattle is thriving across the board, it is high hotel occupancy that stands out as a clear winner. Jess Wade Read the Complete Story On Skift

Occupancy 244

Occupancy Travel Hotels Events 244

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

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

Occupancy 246

Occupancy Consumer Market Marketing 246

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

Hotelier Magazine

MAY 2, 2023

Canada’s hotel occupancy was its highest since October 2022, according to STR’s March 2023 data. In comparison to 2019, occupancy came in at 62.6 Among the provinces and territories, Manitoba recorded the highest March occupancy level (76.7 Among the major markets, Vancouver reported the highest occupancy level (77.5

Occupancy 52

Occupancy Average Daily Rate Hotels Travel 52

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

Hotel Business

NOVEMBER 16, 2022

occupancy for Thanksgiving week is at 29%, pacing 1% higher than 2019 levels. markets with occupancy at more than 50% matches 2019 levels for Thanksgiving week. While the top markets have changed year-over-year, there are currently nine markets at more than 50% occupancy—the same amount in 2019 for the same stay week.

Occupancy 59

Occupancy Forecasting Market Marketing 59

Lodging

APRIL 7, 2023

Hotel Performance March 26-April 1, 2023 Percentage change from comparable weeks in 2022, 2019:Occupancy: 66.2 Hotel Performance Shows Mixed Comparisons Amid Spring Break Travel appeared first on LODGING Magazine. percent (up 3.4 percent, down 3.5 percent)ADR: $158.40 (up 7.3 percent, up 19.9 percent)RevPAR: $104.78 (up 10.9

Travel 173

Travel Occupancy Hotels Market 173

Hospitality Net

MARCH 24, 2024

In the UK, luxury hotels are seeing a steep rise in room rates, with occupancy rising to 69% in 2023 compared to 62% the previous year as demand stays strong and travel increases. Luxury hospitality is booming once again.

Hospitality 184

Hospitality Occupancy Travel Hotels 184

Hospitality Net

OCTOBER 2, 2023

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

Occupancy 238

Occupancy Travel Hotels 238

Skift Blog

JUNE 14, 2023

Skift Take: This might be the summer of travel, but the economic uncertainty still has consumers choosing value above anything else. Srividya Kalyanaraman Read the Complete Story On Skift

Forecasting 255

Forecasting Travel Consumer Occupancy 255

Hospitality Net

SEPTEMBER 4, 2023

hotel occupancy (65%) was lower for a fifth consecutive week, which is in line with normal seasonal patterns. Occupancy is still expected to trend down for the next two weeks and then grow as group/conference travel climbs to its annual peak. Heading into the final days of August, U.S. The measure was up 0.3

Occupancy 230

Occupancy Travel Hotels 230

Hospitality Net

DECEMBER 17, 2023

hotel occupancy reached 58.7%, up 4.5 percentage points (ppts) compared to the prior week as holiday leisure travel kicked in along with the return of end-of-year business and convention travel. Occupancy, however, was down 0.7 ADR has been driving RevPAR growth for most of 2023 even as occupancy has slipped.

Average Daily Rate 130

Average Daily Rate Occupancy Revenue Travel 130

Hotel Business

APRIL 15, 2024

The findings come from Cloudbeds’ 2024 State of Independent Lodging Report , which suggests the surge in three to four-night stays may be an indication of the rising popularity of bleisure or blended travel, as more travelers take advantage of the flexibility of remote work to extend their stays.

Average Length of Stay 64

Average Length of Stay Travel Occupancy Tourism 64

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.

Occupancy 59

Occupancy Market Marketing Hotel Marketing 59

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 246

Hotel Marketing Market Marketing Occupancy 246

Amadeus Hospitality

JANUARY 23, 2024

Air capacity is well over 100% of 2023 volumes across all regions, demonstrating increased opportunities for travel January 24, 2024 – A new report released today by Amadeus in collaboration with UN Tourism shows a positive trend for air travel and hospitality in the Americas at the start of 2024.

Tourism 80

Tourism Travel Occupancy Forecasting 80

Hotel Business

NOVEMBER 9, 2023

Unifocus has been awarded the title of the “World’s Best Workforce Management Solutions Provider” for 2023 by the World Travel Tech Awards. We’re honored to receive the title of industry leader in workforce management technology from the World Travel Tech Awards. The company is also celebrating its 25th anniversary.

Travel 105

Travel Occupancy Consumer Accommodation 105

Hospitality Net

JUNE 29, 2023

After two consecutive six-month periods of robust growth in occupancy and room rates, almost half of the European hoteliers anticipate 2023 to yield the highest revenue in the history of their establishment. And we are glad to learn from them that travel is finally back! And we are glad to learn from them that travel is finally back!

Accommodation 246

Accommodation Occupancy Revenue Resorts 246