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.Â
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.
The top 10 hotel performance metrics
Here are the top 10 hotel metrics you should consider measuring at your property, how to calculate each value, and things you can do to improve performance.Â
What is the only thing we know for sure about the hotel budget?
The budget serves as a guiding light but we live in the reality that we know it is not going to be the answer.
Largest U.S. hotel markets showed considerable RevPAR gains
More than two-thirds of STR-defined U.S. hotel markets outperformed their 2019 comparables over the four weeks ending 9 April 2022.
Rating rate: How hoteliers made the right decisions this time
The bottom line is that the more hotel rooms filled does not always equate into higher profit, which is what hotel owners are only interested in from an operational perspective.
