revpar
Seasonal Slowing for Some, RevPAR Surpluses for Others
STR | September 28, 2021
STR’s monthly 51-chart map focusing on revenue per available room (RevPAR) on a total-room-inventory basis shows a variety of recent national/regional market trends as well as the general pace of the industry’s continued recovery from the pandemic. With Labor Day marking the unofficial end of the summer leisure-oriented travel season, recent weeks have produced a dip from summer peaks in many markets with ground lost from 2019 RevPAR levels. This expected seasonal slowing in U.S. hotel business is evidenced in most states’ performance. At the same time for the four weeks ending with 18 September, 21 states outperformed their compa...
IDeaS and Amadeus Expand Technology Partnership to Expedite Hospitality Industry Recovery
IDeaS | September 23, 2021
Two hotel technology pioneers and global leaders work together to ensure frictionless client experience MINNEAPOLIS—Sept. 23, 2021— IDeaS, the world’s leading provider of revenue management software and services, and Amadeus (OTC US:AMADY), the leading provider of IT solutions for the travel and tourism industry, have announced an expanded partnership to aid mutual client recovery. The combined power of IDeaS and Amadeus’ best-of-breed technology solutions deliver accessible, actionable data insights via seamless integrations to help hoteliers recover stronger and grow revenue faster. • Improving sales and catering efficiency:...
Hospitality Financial Leadership – Understanding REVPAR Index
David Lund | September 7, 2021
By David Lund ...
STR: U.S. Hotel Results for Week Ending 26 June
STR | July 1, 2021
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy hit its highest level since late October 2019, according to STR‘s latest data through 26 June. 20-26 June 2021 (percentage change from comparable week in 2019*): Occupancy: 69.9% (-7.3%) Average daily rate (ADR): US$133.36 (-0.5%) Revenue per available room (RevPAR): US$93.19 (-7.8%) In addition to occupancy reaching its highest point since the week ending 26 October 2019, ADR and RevPAR were the highest of the pandemic-era. Weekend occupancy surpassed the 2019 comparable for the second time in three weeks, while ADR was 13% higher than the corresponding weekend from ...
Hospitality Financial Leadership: Why the Future Must Include a GOPPAR Index
David Lund | June 21, 2021
By David Lund For a long time now in the hotel business we have been using REVPAR index to measure how effective our sales, marketing and revenue management strategies are. In this piece, I am going to talk about what I think should come next. I do not know about you, but I can remember when we did not use and compare the index. Things changed then and I think now is the time to shift gears once again. Recent global events have rocked our industry. We have been on a pleasure cruise for years and now it’s time to get real. Are you ready? The advent of REVPAR index and its wide use and acceptance happened in the ’90s. I can honestly s...
Five PMS Features to Help Grow TRevPAR
Larry and Adam Mogelonsky | April 29, 2021
By Larry and Adam Mogelonsky In case you need a refresher on your acronyms, TRevPAR stands for total revenue per available room. The key difference between it and RevPAR is that it takes into account all other outlet purchases from each guest to give a more holistic picture of sales and growth. As a basic example, consider a couple traveling for a relaxing getaway versus two single occupancy business travelers, both midweek. While the couple may take up only one guestroom versus two, its utilization of the restaurant, spa and other amenities will be substantially higher than the corporate guests. Having differential data on these types ...
A Year Later, the Hotel Industry Recalibrates, Reassesses
HotStats | April 27, 2021
Just over a year after the World Health Organization declared COVID-19 a pandemic, the global hotel industry is—slowly—stirring from hibernation and seeing at least modest gains in traveler demand. The wait has been long, and it remains a work in progress. But making headway is all you can ask for after a 12-month headache. In the U.S., which saw performance calve last March, before bottoming out in April, small gains continued to be made in most key performance indicators in March 2021—though the strides only shined a light on the decrepitude that was 2020. Consider gross operating profit per available room, which was up 328.9...
Short-Term Rentals Record Higher Occupancy, RevPAR in February
STR | April 6, 2021
HENDERSONVILLE, Tennessee — April 6, 2021 — Short-term rentals in Miami, Nashville and Philadelphia recorded increases in occupancy and revenue per available room (RevPAR) in February 2021, according to data from STR. Short-term rentals continued to post higher occupancy levels than hotels in each of the three markets. Building on STR’s world-leading hotel performance database, Miami, Nashville and Philadelphia are the first three U.S. markets where the company has expanded its benchmarking offerings via a pilot study. Included in STR’s short-term rental sample are both multifamily and single-family short-term rentals. ...
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