adr
Perceived Value and Cost of Living Impact: It’s a Game of Chicken with ADR
We explore the squeeze on incomes through increased cost of living and consider the impact this may have on leisure travel and overall consumer sentiment
U.S. RevPAR Forecasted to Recover Fully in 2022
Occupancy for 2022 is projected to come in under the pre-pandemic comparable, while ADR and RevPAR forecasted at $14 and $6 higher than 2019, respectively
Pricing Power No Longer Following Demand Post Pandemic
Luxury hotels may be leading rate recovery, but pricing has reached pre-pandemic levels extremely rapidly, with all six classes reporting ADR highs
Hotel Occupancy Leaders Appeal to Both Business and Leisure Travel
Hotel RevPAR looks to be on steady footing; however, a look at RevPAR contribution shows a greater influence from ADR as opposed to occupancy in many areas
U.S. Hotels Post Highest Weekly Occupancy Since Summer 2021
Boosted by Spring Break and NCAA March Madness, one-fifth of the 166 U.S. markets reported their highest occupancy of the past 32 weeks
Occupancy Up and ADR Advances Leading to RevPAR Rises
Market occupancy climbed to levels not seen since Columbus Day weekend as 15 markets reported weekend occupancy above 90%
Growth in US Hotel Occupancy and ADR Pushes up RevPAR by 3.6%
While U.S. hotel occupancy remains uncomfortably low, we are encouraged by the movement above 50% as well as the gains seen in urban locations
A Year Full of Abnormality: 2021 Hotel Performance Ended More Settled
The global hotel industry’s climb back to profitability has not been easy, but it trudged back and ended 2021 almost back to 2019 levels
Nearly One Quarter Of All U.S. Hotels Occupancy Under 30%
This week’s demand, which historically is among the lowest, was 88% of 2019. While slowing, hotels are in a far better position than they were a year ago
Six Ways Benchmarking Can Support Post Pandemic Recovery
No matter what stage of the pandemic you are experiencing, these six benchmarking areas will support your distribution strategy and revenue recovery