Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. August 2023 (year-over-year % change): • Occupancy: 80.0% (+5.2%) • Average daily rate (ADR): EUR180.45 (+18.9%) • Revenue per available room […]
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London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR. May 2023 (year-over-year % change) Occupancy: 80.5% (+3.5%) Average daily rate (ADR): GBP204.52 (+18.9%) Revenue per available room (RevPAR): GBP164.54 (+23.1%) May was the first month this year with the market’s ADR above GBP200. […]
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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 […]
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Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates, according to preliminary June 2022 data from STR. According to STR data: • The occupancy rate was: 56.5% • Average daily rate (ADR): SAR580.61 • Revenue per available room (RevPAR): SAR328.17 While ADR and RevPAR fell month over month, each of […]
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U.S. hotel demand as well as average daily rate (ADR) on a nominal basis will near full recovery in 2022, according to the upgraded forecast just released by STR and Tourism Economics at the 43rd Annual NYU International Hospitality Industry Investment Conference. Additionally, revenue per available room (RevPAR) on a nominal basis is projected to […]
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