Articles tagged “revpar”

Hotels

3 Charts That Show Hotel Prices Will Keep Rising in 2024

Goodbye double-digit growth? Hotel prices soared post-pandemic, but with inflation cooling and travel normalizing, 2024 poses the question: Can pricing strength hold? We think so.

3 Charts That Show Hotel Prices Will Keep Rising in 2024

Short-Term Rentals

Airbnb’s NYC Listings Fall 77%, Big Hotelier Sees ‘Tailwind’

Some believe that hotels stand to gain from Airbnb's NYC woes. Properties that might see an upside include Sonders and traditional hotels using Airbnb to sell rooms, especially if Airbnb opts to lean into the proposition.

Airbnb’s NYC Listings Fall 77%, Big Hotelier Sees ‘Tailwind’

Hotels

Wyndham Vs. Choice: Charting the Midscale Hotel Rivalry – New Skift Research

Wyndham and Choice are known for their franchise-based portfolios in the U.S. midscale and economy sectors. As other major brands explore expansion into this area, we offer an analysis of the current frontrunners with 20 key charts.

Wyndham Vs. Choice: Charting the Midscale Hotel Rivalry – New Skift Research

Hotels

Skift India Report: Hotels Hit Rocketship Growth in the Second Quarter

Demand drivers such as the G20 Summit, ICC Cricket World Cup 2023, wedding season and international tourist arrivals will continue to boost the demand for rooms.

Skift India Report: Hotels Hit Rocketship Growth in the Second Quarter

Hotels

India Daily: Bengaluru Leads Rebound in Hotel Sector

The sustenance of domestic leisure travel and higher bookings from meetings, incentives, conferences and exhibitions, coupled with an increase in foreign tourist arrivals, would continue to support revenues in the business travel market.

India Daily: Bengaluru Leads Rebound in  Hotel Sector

Hotels

India Daily: Hotels to Attract $2.3 Billion Investment in Next Few Years

India’s booming aviation market coupled with sustained economic growth have made global hospitality titans check into the country with a robust pipeline of hotels over the next five years.

India Daily: Hotels to Attract $2.3 Billion Investment in Next Few Years

Tourism

India Daily: Hotel Occupancy to Improve to 66 Percent in 2023

Strong leisure travel demand and resumption of international flights have been instrumental in reshaping the fortunes of the hospitality sector. But will the trend continue?

India Daily: Hotel Occupancy to Improve to 66 Percent in 2023

Hotels

Investors Rethink Hotel Sector’s Main Performance Metric

Every commentary on hotel performance refers to revenue per available room as a key industry metric — RevPAR. Yet non-room revenue from cafes, co-working, spas, and events is growing in importance. Hoteliers should focus more on overall earnings per square meter.

Investors Rethink Hotel Sector’s Main Performance Metric

Tourism

Skift India Daily: Agoda CEO Says Indian Outbound Travel to Outpace Many Countries

With Indian airlines placing big bets on aircraft orders and deploying higher capacities on international routes, the global travel industry seems to be sitting up and taking note of the India outbound travel market's potential.

Skift India Daily: Agoda CEO Says Indian Outbound Travel to Outpace Many Countries

Hotels

Global Accommodation Revenue in 2022 is 95 Percent of 2019

Americas' share of global accommodation revenue witnessed an increase during the pandemic given its very large domestic travel market. The dynamics are expected to change when travel restrictions in China wane, and its large domestic travel market flourishes again.

Global Accommodation Revenue in 2022 is 95 Percent of 2019