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asianhospitality

STR: U.S. hotels' occupancy, RevPAR at second highest yearly levels - 0 views

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    U.S. HOTEL PERFORMANCE rose from the previous week, while occupancy and RevPAR levels reached the second highest of the year, behind the week ending 18 March, according to STR's latest data through 22 April. Occupancy for the week ending April 22 came in at 67.2 percent, up from 64.2 percent the week before, and increased 2.3 percent than the comparable week in 2022. ADR stood at $155.76, up from $155.33 the previous week and 4.2 percent over the same period in 2022. RevPAR was $104.64, also up from $99.67 the week before and 6.6 percent rise over 2022. Among the Top 25 Markets, Chicago posted the highest year-over-year increases in each of the key performance metrics: occupancy rose 23.9 percent to 72.2 percent, while ADR increased 29.6 per cent to $174.71. RevPAR also rose 60.6 percent to $126.13. Notably, New York City (82.1 percent) and Las Vegas (80.8 percent) were the only two markets to report occupancy above 80 percent.
asianhospitality

CoStar: Anticipated dip in U.S. hotel performance in second week of December - 0 views

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    U.S. HOTEL PERFORMANCE stayed below the levels of the previous week as anticipated, according to CoStar. Occupancy, ADR, and RevPAR all saw declines compared to the preceding week. However, year-over-year comparisons remained positive. Occupancy dropped to 54.7 percent for the week ending Dec. 16, down from the previous week's 58.7 percent, but reflected a year-over-year increase of 1.1 percent. ADR decreased to $142.62, compared to the previous week's $153.36, showing a 4.7 percent uptick from the prior year. RevPAR also declined to $77.99, compared to the prior week's $89.98, indicating a 5.8 percent increase from the corresponding period in 2022. Among the top 25 markets, San Francisco saw the largest year-over-year increases in all three key performance metrics: occupancy surged by 32.0 percent to 70.2 percent, ADR soared 21.5 percent to $223.78, and RevPAR increased by 60.3 percent to $157.14.
asianhospitality

CBRE forecasts RevPAR to regain 2019 levels by 3rd quarter - 0 views

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    A STRONGER THAN expected performance by U.S. hotels in the fourth quarter of 2021 led CBRE Hotels Research to upgrade its forecast for the rest of 2022. CBRE now forecasts RevPAR will reach 2019 nominal levels by the third quarter of this year, one year earlier than the previous forecast. Occupancy is expected to rise 6.7 percent to 61.3 percent this year, then rise 5.2 percent to 64.4 percent in 2023. ADR is forecast to rise 10.1 percent to $133.94 in 2022 and go up 6 percent more to $141.99 in 2023. CBRE expects RevPAR to rise 17.5 percent in 2022 overall to $82.04 and then rise 11.5 percent to $91.46 in 2023. Positive trends, such as high employment and the return to the office for many workers who had been working from home contributed to the revised forecast, CBRE said. Other factors contributing to the improvement include below-average supply growth, strong domestic leisure trends, the resumption of inbound international travel and a predicted return to office later this year. However, ongoing inflation and geopolitical tensions connected to the war in Ukraine still threaten progress.
asianhospitality

TWENTY FOUR SEVEN HOTELS SEES STRONG FIRST QUARTER - 0 views

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    THE FIRST QUARTER of 2022 brought better than the national average performance for Twenty Four Seven Hotels. The Newport Beach, California-based third-party hospitality management company also acquired two new hotels in Southern California. Steady growth in year's beginning Occupancy for Twenty Four Seven properties rose steadily during the first three months of the year, hitting 62.9 percent in January, 67.8 percent in February and 76 percent in March. ADR also rose during the same three months, from $142.66 to $160.99 to $174.02. RevPAR followed the same trend, rising from $89.73 to $109.10 to $132.25. Each metric also rose compared to the first quarter of 2021. "We continue to ride the massive wave of momentum that began for Twenty Four Seven Hotels in 2021, when our portfolio grew by 25 percent with the addition of seven new hotels now totaling 25 hotels with more than 3,100 rooms," said David Wani, CEO of Twenty Four Seven. "We will continue to seek third-party management opportunities with well-respected partners and brands in the western U.S., expanding our concentration in these unique markets where we have firsthand experience improving bottom lines and guest satisfaction scores."
asianhospitality

STAYBRIDGE SUITES OPENS IN DULUTH, GEORGIA - 0 views

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    The Staybridge Suites in Duluth, Georgia, is now open. The hotel, owned and operated by Duluth Capital Investments led by Sonial Patel as principal, is the first Staybridge Suites in the country using the brand's new "Next Generation 7.0" design that incorporates elements to protect against COVID-19. The 99-room, 5-story hotel has more open room in its public spaces for social distancing, which is strictly enforced. It features no contact check in / check out, as well as extensive disinfecting as part of InterContinental Hotel Group's "Clean Promise" program, including completely cleaning each suite with an electrostatic sprayer. Guests select their housekeeping schedule to further avoid contact.
asianhospitality

CoStar: Occupancy declined before holidays in third week of December - 0 views

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    U.S. HOTEL PERFORMANCE declined in the third week of December as anticipated ahead of the holidays, according to CoStar. Three key metrics-occupancy, ADR, and RevPAR-all dipped compared to the previous week. Occupancy fell to 43.9 percent for the week ending Dec. 23, down from the previous week's 54.7 percent, but demonstrated a year-over-year increase of 0.5 percent. ADR decreased to $131.97, compared to the prior week's $142.62, marking a 0.9 percent decline from the previous year. RevPAR also declined to $57.9, compared to the prior week's $77.99, indicating a 0.4 percent decrease from the corresponding period in 2022. Among the top 25 markets, Boston experienced the most significant year-over-year increases, with occupancy rising by 21.5 percent to 46.2 percent and RevPAR up by 23.1 percent to $65.68. Anaheim recorded the highest ADR increase, rising by 14.7 percent to $190.86.
asianhospitality

CoStar: U.S. hotel performance up in third week of March despite YOY declines - 0 views

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    U.S. HOTEL PERFORMANCE saw an uptick in the third week of March compared to the previous week, although year-over-year figures continued to decline, according to CoStar. Key metrics such as occupancy, ADR and RevPAR continued their upward trajectory during this period compared to the preceding week. Occupancy increased to 66.5 percent for the week ending March 16, up from the previous week's 63.2 percent, reflecting a 1.4 percent year-over-year decline. ADR rose to $163.21 from $156.96 the previous week, marking a 2.1 percent decrease compared to last year. RevPAR reached $108.51, up from the previous week's $99.17, signifying a 3.5 percent decrease compared to the same period in 2023. Among the top 25 markets, Seattle reported significant year-over-year increases in occupancy, rising by 12.7 percent to 73 percent, and in RevPAR, which increased by 21.7 percent to $120.29.
asianhospitality

CoStar: U.S. hotel performance improves in second week of March - 0 views

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    U.S. HOTEL PERFORMANCE rose in the second week of March compared to the previous week but declined year over year, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all saw increases compared to the prior week. Occupancy climbed to 63.2 percent for the week ending March 9, up from the prior week's 62.5 percent, reflecting a 2.2 percent year-over-year decline. ADR rose to $156.96 from $155.29 the previous week, marking a 0.6 percent decrease compared to last year. RevPAR reached $99.17, up from the previous week's $97.12, signifying a 2.8 percent decrease compared to the same period in 2023. Among the top 25 markets, Minneapolis saw significant year-over-year growth across all three key performance metrics: occupancy surged by 25.1 percent to 63.7 percent, ADR rose by 15.9 percent to $143.12, and RevPAR increased by 45.1 percent to $91.11.
asianhospitality

U.S. hotel performance dips in first week of February - 0 views

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    U.S. HOTEL PERFORMANCE decreased slightly in the first week of February from the previous week, while year-over-year comparisons remained mixed, according to CoStar. Key metrics, including occupancy, ADR, and RevPAR, all declined in the first week of February compared to the previous week. Occupancy dipped slightly to 55.2 percent for the week ending Feb. 3, from the previous week's 56.2 percent, reflecting a 0.1 percent decrease year-over-year. ADR decreased to $147.99 from the prior week's $149.76, marking a 1.9 percent increase compared to the previous year. RevPAR declined to $81.69 from the prior week's $84.13, reflecting a 1.7 percent increase compared to the corresponding period in 2023. Among the top 25 markets, Seattle saw the largest year-over-year increases, with occupancy rising 19.3 percent to 60.1 percent and RevPAR increasing by 27.5 percent to $89.11.
asianhospitality

CoStar: U.S. hotel performance rises in second week of February - 0 views

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    U.S. HOTEL PERFORMANCE rose in the second week of February compared to the previous week, according to CoStar. However, year-over-year comparisons remained mixed. Key metrics, such as occupancy, ADR, and RevPAR, all showed increases in the second week of February compared to the preceding week. Occupancy rose to 56.2 percent for the week ending Feb. 10, from the previous week's 55.2 percent, reflecting a 2.7 percent year-over-year decrease. ADR increased to $160.96 from $147.99 the prior week, marking a 6.8 percent rise compared to the previous year. RevPAR also increased to $90.4 from $81.69 the prior week, reflecting a 3.9 percent increase compared to the corresponding period in 2023. Among the top 25 markets, Oahu Island saw the largest year-over-year increases, with occupancy rising 8 percent to 82.9 percent.
asianhospitality

U.S. Hotel Performance Dips in Early November 2024 Yet Stays Strong YoY | CoStar Report - 0 views

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    U.S. HOTEL PERFORMANCE dipped in early November, though year-over-year comparisons remained positive, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, decreased from the previous week. Occupancy decreased to 60.8 percent for the week ending Nov. 2, down from 69 percent the prior week but up 1.9 percent year-over-year. ADR dropped to $154.99 from $168.69, marking a 1.2 percent year-over-year increase. RevPAR fell to $94.22 from $116.32 the previous week, showing a 3.1 percent gain over the same period in 2023. Among the top 25 markets, Tampa maintained the largest occupancy increase, up 34.7 percent to 80.5 percent, driven by ongoing displacement demand from Hurricane Milton. New Orleans recorded the highest gains in ADR, up 27.7 percent to $225.51, and in RevPAR, up 53.3 percent to $169.73, boosted by Taylor Swift's Eras Tour. Las Vegas saw the steepest RevPAR drop, down 28.8 percent to $151.47, followed by San Francisco, down 14.9 percent to $123.16.
asianhospitality

U.S. Hotel Performance Dips YoY During Election Week | CoStar Report Insights 2024 - 0 views

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    U.S. HOTEL PERFORMANCE improved in the first week of November, though year-over-year comparisons remained negative as expected due to the U.S. election, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, rose from the previous week. Occupancy rose to 62.6 percent for the week ending Nov. 9, up from 60.8 percent the prior week but down 3.5 percent year-over-year. ADR increased to $156.11 from $154.99, reflecting a 0.1 percent year-over-year decline. RevPAR grew to $97.73 from $94.22, showing a 3.5 percent decrease compared to the same week in 2023. Among the top 25 markets, Las Vegas posted the largest year-over-year growth in each key performance metric: occupancy rose 6.8 percent to 85.4 percent, ADR increased 28.2 percent to $256.38 and RevPAR climbed 36.9 percent to $219.07.
asianhospitality

Striking San Francisco hotel workers ratify contracts Christmas week - 0 views

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    THOUSANDS OF WORKERS at Marriott International, Hilton Hotels & Resorts and Hyatt Hotels Corp. hotels in San Francisco returned to work after ratifying new contracts, according to UNITE HERE. The workers settled for affordable healthcare, significant raises and workload protections. About 1,500 Marriott employees returned on Saturday, while 1,000 Grand Hyatt workers unanimously ratified a tentative agreement, UNITE HERE said in a statement. Hilton workers ended their 93-day strike on Dec. 24, voting 99.4 percent for the new contract. San Francisco Mayor-elect Daniel Lurie engaged with hotel owners and striking employees after his election, helping to secure union approval for the Marriott contracts.
india safaris

Top 10 Wildlife Safaris in India 2025 - 0 views

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    Watching a big cat in real life could be a distant dream for many! However, this dream, in India, is not that tough to be realized as the country is blessed with over 3000 tigers, 99 national parks, 40 tiger reserves, and 450 wildlife sanctuaries. India has made a global mark as it has transformed as home to 75% of the tiger population of the world.
asianhospitality

Choice Hotels Extends NASCAR Sponsorship for 2025 Season - Asian Hospitality - 0 views

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    What's Choice Hotels Offering NASCAR Fans in 2025? CHOICE HOTELS INTERNATIONAL is extending its Choice Privileges sponsorship of Trackhouse Racing for a second year, giving members access to the 2025 NASCAR Cup Series season. The program will also sponsor Ross Chastain, driver of the No. 1 Chevrolet, and Daniel Suárez, driver of the No. 99 Chevrolet. Members can use points to bid on race day experiences, including tours of the Trackhouse Racing transporter and pit road, driver meet-and-greets and watching the race with the crew chief, Choice said in a statement. "As experiences shape travel plans, we are committed to enhancing Choice Privileges offerings," said Nandika Suri, Choice's vice president for loyalty, co-brand credit card and partnerships. "The energy of pit road and meeting drivers and crew made the Trackhouse Racing offer popular. We're pleased to extend this sponsorship, which aligns with our members' interests."
Mygoastay.com Mygoastay

Well-furnished Aks Villa in Candolim | Book Villas in Goa - 0 views

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    Make your simple delight a memorable moment here at AKS villa in Candolim on the shores of the Arabian Sea, Luxury Villas in Goa and Budget Villas in Goa
Resorts World Sentosa Singapore

[WHO'S WHO] A day in the life of a Universal Studios Singapore® Star Guide - 0 views

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    Meet our Universal Studios Singapore's Star Guides!
Apply ESTA

Apply ESTA Online - Electronic System for Travel Authorization - 1 views

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    Welcome to APPLY ESTA, your online source to apply for electronic system for travel authorization. Here, You can apply ESTA online at a fee of 39.99 GBP which includes the US Government fee of 14 USD, using other facilities that APPLY ESTA offers.
Alsero Travel

Hotel Kalif, Ayvalık Otel Rezervasyon, Ayvalık Otelleri, Ayvalık Ekonomik Tat... - 0 views

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    Hotel Kalif, Ayvalık Otelleri, Herşey Dahil Oteller, Otel, Tatil Köyleri, Butik Oteller, Uçak Bileti Yurtdışı Turlar, Gemi Turları ve daha fazlası 0256 612 6600 arayın.
Alsero Travel

Hotel Kalif, Ayvalık Otel Rezervasyon, Ayvalık Otelleri, Ayvalık Ekonomik Tat... - 0 views

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    Hotel Kalif, Ayvalık Otelleri, Herşey Dahil Oteller, Otel, Tatil Köyleri, Butik Oteller, Uçak Bileti Yurtdışı Turlar, Gemi Turları ve daha fazlası 0256 612 6600 arayın.
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