West Palm Beach Among Priciest Destinations in Florida, Survey Reveals
Cheaphotels.org | February 3, 2023
MIAMI, Feb. 3, 2023 -- West Palm Beach is the third most expensive destination in Florida for hotel stays, according to a new survey by CheapHotels.org. The survey compared hotel rates across 30 popular Florida destinations for the period February-March 2023 – typically the high season for most destinations in the Sunshine State. In West Palm Beach, travelers will have to spend an average of $425 per night for the most affordable double room. Only hotels located close to the beach (or in downtown) and rated at least 3 stars were considered for the survey. Only Sarasota and Marco Island, the latter a barrier island located...
STR: U.S. Hotel Results for Week Ending 28 January
STR | February 2, 2023
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week, according to STR‘s latest data through 28 January. 22-28 January 2023 (percentage change from comparable week in 2019*): Occupancy: 56.3% (-0.3%) Average daily rate (ADR): US$142.66 (+13.4%) Revenue per available room (RevPAR): US$80.32 (+13.0%) Among the Top 25 Markets, Dallas reported the highest occupancy increase over 2019 (+10.3% to 69.8%). Tampa saw the largest increases in both ADR (+32.5% to US$179.72) and RevPAR (+37.0% to US$137.70). The steepest RevPAR declines from 2019 were seen in Atlanta (-34.5% to US$91.86) and ...
Recent Trends in Washington, D.C.’s Luxury Hotel Market
Caroline Dioso | February 2, 2023
By Caroline Dioso, Chelsey Leffet Historical Luxury Market Performance According to data compiled by STR, in recent years, the luxury segment has fallen 2–5% behind the Washington, D.C. market average in occupancy, while luxury rates have paced roughly $150 to $200 above average. This rate difference is largely due to a few luxury hotels that perform at a higher rate threshold than the remainder of the luxury class, including the Four Seasons, the Waldorf Astoria, both Ritz-Carlton properties, the Hay Adams, and the St. Regis. These higher-rated hotels make up 15% of the total luxury room supply in the District. The 2022 mar...
Restrictions, Lack of Inbound Travel Have Limited Southeast Asia’s Hotel Performance
STR | February 1, 2023
Southeast Asia sits at the lower end of recovery compared to other STR-defined subcontinents, exceeding only the gains of Northeastern Asia in terms of occupancy and average daily rate (ADR) in 2022. This was due to strict and long-lasting COVID mitigation strategies and the region’s reliance on international travel, particularly from China, which has been slower to resume international flight capacity. According to OAG data, Southeast Asia was still missing 35% of flight seat capacity during the last week of January 2023 (compared to the same week in 2019). While that was better than the 50% gap of six months prior, it shows ...
Indian Hotel Sector – 2022 Performance Review
Akash Datta | January 31, 2023
By Akash Datta, Dipti Mohan The strong recovery in 2022 brought much relief to a sector devastated by COVID-19. The quick retraction of onerous COVID-19 policies, released the much pent-up demand in the market, making it the single biggest reason for a strong recovery. While occupancy remained slightly 5-7 percentage points (pp) lower than the full year 2019, in large part due to the much lower-than-expected Q1 2022, ARRs for 2022 recovered fully, crossing 2019 levels by almost 1-3%, in large part due to strong ARRs in Q4 2022. Similar to 2021, domestic travel was responsible for the strong recovery in demand. Buoyed by segments such as we...
The Magic Returns to the “Happiest Place on Earth”
Eileen Bosworth | January 30, 2023
By Eileen Bosworth, Kirsten Z. Smiley When Disneyland Resort, Anaheim’s crown jewel, was forced to close in 2020 at the onset of the COVID-19 pandemic, area hotels faced some of the greatest demand losses in the nation. The park system welcomed back its local fanbase in 2021 with the introduction of a new reservation system. Once Disney attendees were more familiar with the park’s new reservation system, which requires advance planning and makes it more difficult to book same-day tickets, leisure demand rebounded, spurring double-digit ADR growth in 2021 and 2022. However, the Anaheim-Santa Ana hotel market has not caught up to pre...
Almost Half of Global Hotel Markets Recovered RevPAR With Challenging 2023 Ahead
STR | January 26, 2023
STR’s global bubble chart update for 2022 shows resilient performance and plenty of momentum to face a challenging 2023 ahead. Almost half of the STR-defined markets around the world fully recovered revenue per available room (RevPAR) to 2019 levels. Among the 64 countries with room supply of more than 50,000 rooms, Jamaica, Israel, Cyprus, Switzerland, and Singapore were the top five performers on an absolute RevPAR basis in 2022. In most regions, performance was driven more by hotel prices while occupancy lagged pre-pandemic levels. Israel led all countries with an average daily rate (ADR) of more than US$300. On the downs...
STR: U.S. Hotel Results for Week Ending 21 January
STR | January 26, 2023
HENDERSONVILLE, Tennessee—With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR‘s latest data through 21 January. 15-21 January 2023 (percentage change from comparable week in 2019*): Occupancy: 54.2% (-6.2%) Average daily rate (ADR): US$140.16 (+11.3%) Revenue per available room (RevPAR): US$75.97 (+4.4%) Among the Top 25 Markets, Tampa reported the highest increase over 2019 in each of the three key performance metrics: occupancy (+6.8% to 78.8%), ADR (+31.9% to US$174.78) and RevPAR (+41.0% to US$137.76). None of the other Top 25 Markets sa...
1
Technology
2
Appointments/People on the Move
3
Operations
4
Industry Happenings
5
All Things Independent
Today's News
Cloud5 Welcomes Telecoms Veteran Jerry Gore as Company CTO
Dusit International Appoints Makoto Yamashita as Pre-Opening General Manager of ASAI Kyoto Shijo and Area GM – Kyoto, Japan
Hospitality Industry Public Relations Leader David “Jerry” Daly Dies at 78
West Palm Beach Among Priciest Destinations in Florida, Survey Reveals
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.