Here are the top four market trends owners and developers should watch in the new year.
Duetto launches Advance, delivering real-time rate optimization and first-to-market data integrations
The new revenue optimization product suite enables hotels to dynamically optimize room rates in real time, improving RevPAR.
London hotel RevPAR highest since October 2022
London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR.
Bogotá hotel industry reported highest RevPAR on record in March
Helped by an increase in business travel, Bogotá’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record according to preliminary March 2023 data from STR.
Canada’s February hotel RevPAR exceeded $100 for the first time on record
Canada’s hotel performance increased from the previous month, with February revenue per available room (RevPAR) exceeding CAD100 for the first time on record, according to STR‘s February 2023 data.
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.
How to do a Breakeven Analysis using REVPAR
I have recently read more than one article on breakeven analysis and they all miss the mark in my books because they focus on what occupancy is needed. Occupancy is only half of the final recipe.
U.S. hotel results for week ending 25 June
U.S. hotel performance continued to climb with another weekly record established for RevPAR on a nominal basis.
U.S. hotel results for week ending 18 June
U.S. hotel revenue per available room reached an all-time weekly high on a nominal and inflation-adjusted basis.
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.
