Bangkok’s hotel industry reported the second-highest monthly average daily rate (ADR) on record in the market, according to preliminary January 2023 data from STR.
Welcome to the Mille Club: Four Figure Luxury
The psychology of hitting four figures in the rate triggers guests to have loftier expectations where a single error can cost you a guest (and likely a high-net-worth guest) for life.
TE maintain ADR and RevPAR forecast in the last revision of 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. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted for inflation.
U.S. hotel performance results for week ending 13 August
U.S. hotel performance results fell slightly from the previous week, but showed improved comparisons with 2019, based on STR‘s latest data.
U.S. hotel results for week ending 16 July
After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week.
U.S. Hotel Performance for June 2022
The U.S. hotel industry reported its highest monthly room rates on record.
Riyadh hotels reported higher occupancy in June
Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates.
U.S. hotel results for week ending 9 July
As expected on the negative side of a holiday calendar shift, U.S. hotel performance came in lower than the previous week.
London hotels post record-breaking room rates
London’s hotel industry reported its highest monthly room rates on record.
Melbourne hotel performance improved in June
Melbourne’s hotel industry was back on the recovery track with higher performance from the prior month.