adr

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adr

Canadian Lodging Outlook Quarterly 2019-Q2

About HVS Canada | August 21, 2019

HVS and STR are pleased to provide you with the quarterly report of the Canadian Lodging Outlook.  Each report includes occupancy (occ), average daily rate (ADR), and revenue per available room (RevPAR) for six major markets.  Source: STR Source: STR If you would like a detailed hotel performance data for all of Canada, STR offers their Canadian Hotel Review. The Canadian Hotel Review is available by annual subscription. For further Information, please contact: info@str.com or +1 (615) 824-8664 ext. 3504.  ...

Hotel Occupancy Continues to Reach New Heights but Rate Not Keeping Pace

Leland Pillsbury | September 8, 2017

By Leland Pillsbury The U.S. hotel industry's ongoing run of monthly RevPAR increases and its recent record occupancy levels are obscuring a more unsettling trend, one that many hotel groups will be unable to overcome quickly when the hot streak ends and a downturn finally comes to lodging. Robust occupancy, especially in the major destination markets, does not fit with the slowdown in RevPAR growth and anemic ADR growth in the industry. Something is going wrong with hotels' pricing power, and hospitality companies are blaming several things, from increasing supply outpacing demand, to difficulties with online travel agencies and the ef...

Revenue Metrics Are Evolving: Average Room Rate Becomes Two for One

Dr. Gabor Forgacs | July 26, 2017

By Dr. Gabor Forgacs The previous methods of ADR (Average Daily Rate) calculations are not good enough any longer. In the fast-paced world of the hotel industry the ecosystem of distribution channels and methods is evolving fairly rapidly and we need to reflect that in our ADR calculations. We need to separately calculate an external ADR from guest-paid room rates and an internal ADR from hotel-collected net room rates in order to come to terms with some fundamental measurement challenges. Hotels compete hard and their performance for cost efficient sales and room rate maximization is under the microscope. Today as a result of successfu...

Empire Hotel Group Revolutionizes their Free Usage Business Centers and Increases ADR

TTI Technologies | December 12, 2016

December 12, 2016 – New York, NY – TTI Technologies, best known for their beautiful customized Hospitality Business Center Kiosks that are safe and secure for guests, received high accolades from the Empire Hotel Group as a result of multiple years of service of its TTI Business Center Solutions. Glenn Isaacs, Vice President of The Empire Hotel Group remarked "We have used TTI as our exclusive business center solution provider for years. We recently upgraded to their new software module; TTI Access Portal which prompts our guests for their e-mail addresses. This is powerful as we now have the information needed to send them ...

Average Daily Rate Growth Continues to Lag Expectations, Despite Peak Occupancy Levels, says PwC US

PwC | November 11, 2015

NEW YORK, November 11, 2015 – An updated lodging forecast released today by PwC US expects revenue per available room ("RevPAR") growth in 2015 to be driven more by occupancy than previously expected, as average daily rate ("ADR") growth continues to look for a firm footing. Recent performance of the lodging industry has surprised industry participants, as solid ADR growth has struggled despite peak occupancy levels, which was expected to have given operators the confidence to drive targeted price increases in many markets. As a result of continued pricing challenges, the outlook for 2015 is reduced moderately, to a RevPAR increas...

Hoteliers Improve Average Daily Rate Performance Despite Weakening Reservation Pace

TravelClick, Inc. | November 2, 2015

ADR Increases in 88 Percent of the Top 25 North American Markets NEW YORK – November 2, 2015 – As hoteliers prepare for the holiday season and head into the new year, hotels in major North American markets are experiencing a strong, improved ADR (average daily rate) performance, according to new data from TravelClick's October 2015 North American Hospitality Review (NAHR). Committed occupancy* for Q4 2015 – Q3 2016 is up 3.1 percent compared to a year ago. However, new commitments that have been added over the last month are down -3.5 percent. When broken down further, new group business bookings that have been added o...

Average Daily Rate Growth Expected to Drive US Lodging Performance in Remainder of 2015 and in 2016

PwC US | August 31, 2015

NEW YORK, Aug. 31, 2015 -- An updated lodging forecast released today by PwC US expects average daily rate ("ADR") to drive revenue per available room ("RevPAR") increases in a more meaningful way through the second-half of 2015, and into 2016. Recent performance of the lodging industry has generally met industry expectations, and during the second quarter, ADR growth drove RevPAR increases to a larger degree than in recent quarters. PwC finds that lodging demand trends in the US have been robust, with both transient and group travel occupancy levels increasing 1.4 percent and 1.5 percent, respectively, during the first-half of the year...

Should The Good News Be Even Better? PKF Provides Updated City Forecasts with a Focus on Room Rates

PKF Consulting USA, LLC | September 4, 2013

September 4, 2013, Atlanta, Ga. - In the recently released September 2013 edition of Hotel Horizons®, PKF Hospitality Research, LLC (PKF-HR) affirms its forecast of strong fundamental performance for the U.S. lodging industry. The lack of meaningful increases in hotel supply, an economy that supports growth in lodging demand and market leverage that allows for real room rate growth leads to PKF-HR forecasts of healthy increases in both revenues and profits in 2013 and 2014. "It is very rare for us to say we have no concerns about the near-term outlook for the U.S. lodging industry, but that is what we see from our econometric models, a...

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