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.Â
Choice Hotel Asia Pacific Q3 results forecast strong growth for hotel industry
Development opportunities are strong as Choice Hotels Asia Pacific continues to outpace market RevPAR in Q3
The ultimate guide to conquering the 2023 hotel budgeting season
Here are a few tactics to level up your budgeting season to meet the challenges facing hoteliers today.
U.S. travel forecast: Headwinds on the horizon
Pent-up demand and consumer savings will drive recovery in 2022 but taper off in the coming years.
STR, TE upgrade forecast to full U.S. RevPAR recovery in 2022
On a nominal basis, the metric is now expected to surpass 2019 levels in 2022.
The surprising way revenue management uses 2019 to forecast 2022 profits
No matter what 2022 holds, recent trends prove revenue management is a powerful business tool, and it gives hoteliers the power to manage cash flow despite a world of unknowns.Â
Revenue forecasting – is it relevant in a pandemic?
Heidi Gempel of HGE International joins us to discuss whether revenue forecasting can be accurate or relevant today, or are we starting with a blank sheet of paper?
US hotel industry forecast adjusted in response to winter and vaccines
Projections of U.S. lodging industry recovery beginning in earnest during the second half of next year, according to CBRE’s latest hotel forecast.
Technavio: Global Online Travel Booking Platform Market 2018-2022
11% CAGR projection through 2022
The secret recipe for your hotel
To get your non-financial managers to play ball with their numbers in your hotel you need a system that they can follow, a sort of road map they can use to stay on track every month. Teach them this and you will have an engaged team that buys into playing their financial part.
