On average, hotel prices increased significantly in 2018, as a strong pool of buyers with favorable outlooks kept downward pressure on cap rates.
Booking Holdings Releases New Study on 'The Next Billion' People Who Will Gain Access to the Internet
In December, the U.S. hotel industry reported occupancy was mostly flat (+0.1% to 54.1%), but a 1.8% ADR increase to $124.28 pushed RevPAR up 1.9% to $67.20.
In 2018, the U.S. hotel industry saw occupancy increase 0.5% to 66.2%, according to STR, while ADR rose 2.4% to $129.83 and RevPAR increased 2.9% to $85.96.
With the Chinese now accounting for Australias largest group of tourists, hotels are going the extra yard to make their visitors feel welcome.
The 2019 Smart Decision Guide to Hotel Property Management Systems is hot of the press. Here are just a few key takeaways for hoteliers to keep in mind this year in their incessant quest to improve business operations, the guest experience, and financial performance.
After saying goodbye to 2018, were starting the new year with fresh priorities and goals. January is a great time for hoteliers to reflect on last years strategies and analyze results in order to create a blueprint for a successful new year. Determining your hotels most successful digital marketing initiatives is the first step to executing a strong plan that will achieve greater results this year than last year.
This article looks at hotel sales and capitalization rate trends, the impact of slowing RevPAR growth on hotel values, and the outlook for 2019.
Happy 2019, everyone! As we move into the new year, its time to take a look at our social media strategies to assess whats working and how we can better connect with our guests. This includes assessing all the new social media that impact hotels and resorts, so take a look at everything thats happened over the holiday break so you can get your campaigns up to speed.
ARC Finds Average Ticket Price Remains Virtually Same as 2017