Topic: Average Daily Rate
The groups have dropped their forecast for revenue per available room growth from 2 to 1.6 percent in 2019 and from 1.9 to 1.1 percent in 2020.
CBRE Hotels Research analyzes the relationship between supply growth and occupancy in the United States’ top markets.
U.S. hotels will see ADR grow at closer to 2 percent year over year rather than the 3-percent growth seen in the recent past, according to a new report.
According to new data, July’s new reservation pace showed signs of improvement, demonstrating broader reservation pace growth across numerous markets.
Chicago is a big winner for room rates next year, but New York will struggle due to supply additions, according to American Express Global Business Travel.
The company is on track to expand the segment 15 percent in 2019, and luxury rooms account for half of the megachain's total construction pipeline.
June marked the second month in the past 112 (the other being September 2018) where revenue per available room decreased year-over-year.
Looking at data from the past decade, JLL analyzes which resort size performs best in occupancy, ADR, RevPAR and overall profit.
Despite growth in RevPAR, increased costs continued to eat away at hotel profit levels in May, according to the latest data from HotStats.
TravelClick forecasts that a 1.2 percent rise in average daily rate will lessen the impact of a 2.2 percent drop in occupancy in Q2 2019.