Hotel performance in 2024
Summer 2024: Insights and solutions to boost hotel performance
Read on to discover the latest summer travel insights, strategies, and the tools that can help you leverage guest data to boost your business.
Hotels will pay historic wages, generate record level of tax revenue ...
Nominal revenue per available room is expected to reach $101.82 in 2024, up 4% from 2023 and more than 17% from 2019. The pace of inflation has ...
Global hotel performance to accelerate further in 2024 - BRIC Group
According to the JLL Global Hotel Investment Outlook 2024, global hotel performance soared last year. RevPAR recovered completely from the ...
Hotels Forecast 2023 - 2024: Growth in demand to stall across the UK
Growth in demand for UK hotel accommodation is expected to stall in 2024, with the pain likely to be shared equally across London and the regions.
U.S. Hotel Market Report 2022-2026: Phocuswright
The U.S. hotel & lodging market did not just recover in 2022, it prospered. High demand lifted average daily rates (ADR) and occupancy, ...
Global Hotel Investment Outlook 2024 | JLL Research
While business travel spend is projected to fully recover in 2024 according to the Global Business Travel Association (GBTA), leisure tourism is ...
Better Thrive in 2024 with These 3 Key Hospitality Trends - TRG Blog
The projected growth of the global hospitality market is set to soar to a staggering $5,816.66 billion by 2027, with a remarkable compound ...
Seattle Hotel Market Report | Kidder Mathews
In April 2024, the trailing 12-month occupancy rate of 70.2% for the overall market was still below pre-pandemic occupancy levels but steadily improving.
PwC outlook: Economic headwinds to impact U.S. hotel ...
With flattening occupancy levels in 2024, growth will come almost entirely from ADR, with an anticipated YOY rise of 3.5% in RevPAR, ...
2024 Hospitality Market Insights: Hotel Development Opportunities ...
The Hospitality Insight 2024 Hotels Outlook reveals positive trends in the hospitality market. In 2023, RevPAR experienced a notable increase of 3.2% year over ...
Hospitality Industry Report 2024: The State of Independent Lodging
Average daily rate has been a key driver of hotel performance since the pandemic. In 2023, independent hotels achieved an ADR index of 120 relative to 2019, ...
Industry Outlook 2024-2026: Hotel Business
The occupancy rate should average around 80% from 2024. Hotels in regional centers and in other important tourist areas1/: These hotels will see ...
Three Highly Likely Predictions for the Hospitality Industry in 2024
Welcoming Increased Demand: Hotels will likely express enthusiasm and relief as the market expands. The increased occupancy rates and rising ...
Despite dip in occupancies, Indian hotel market registers moderate ...
The Indian hotel industry has registered 4.8 percent growth in RevPAR in Q2 2024 (April-June 2024) primarily driven by a rise in Average Daily Rate (ADR).
2024 Hotel Sector Performance & Outlook - Goodegg Investments
This growth in RevPAR is fueled primarily by growth in ADR (average daily rate), which is driven by demand for hotel stays. This indicates that ...
Slow Start to 2024 Yields Modest Lodging Forecast Downgrades
March delivered a much-welcome boost to hotel performance after a sluggish start to 2024. Data from Smith Travel Research (STR) indicates ...
US hotel performance for January 2024 - 4Hoteliers.com
The US hotel industry reported lower performance results month over month.January 2024 (percentage change from January 2.
RevPAR, ADR, and Other Main Hotel Metrics and KPIs - AltexSoft
RevPAR, Occupancy Rate, ADR, and Other Hotel Metrics: How to Evaluate Your Property's Performance. 23 min read; Business, Travel; Last updated: 31 Oct, 2024.
Luxury Hotel Market Size, Share | Growth Analysis Report, 2032
The global luxury hotel market size was valued at USD 140.28 billion in 2023 and is anticipated to grow from USD 154.32 billion in 2024 to USD 369.36 billion ...
Texas Hotel Performance Factbook - Source Strategies
The Texas Hotel Performance Factbook puts each and every hotel and motel's revenue and occupancy numbers on your desk, hotel by hotel.