Global RevPAR improves in Q3 fueled by major events, finds JLL …
Nov 8, 2024 · Hotel RevPAR across the world increased 13% in third quarter 2024 compared to the same period in 2019, driven by historic ADR stemming from several big events, such as …
Higher-end chain scales a bright spot amid muted 2025 hotel …
Nov 26, 2024 · Higher-end hotels will be the least impacted by suppressed demand, with the upper upscale segment set to see the highest RevPAR growth in 2025, while the economy …
Weekly Update: Global Hotel Industry Continues to Thrive with …
Nov 8, 2024 · The US hotel industry experienced a fourth consecutive week of RevPAR (revenue per available room) growth, driven by factors such as travel compression, events, and …
Massive RevPAR Growth Witnessed in 77% of Global Hotel Markets
Oct 23, 2024 · According to STR's latest update, 77% of international markets witnessed year-on-year growth in hotel revenue per available room (RevPAR). Tokyo enters the list of top global …
Hotel Brand Performance 2024 - CBRE
Oct 31, 2024 · Slowing RevPAR Growth Makes Hotel Brand Selection More Critical. Slowing RevPAR growth and maturation of the U.S. hotel industry are driving brand proliferation to …
Marriott International Inc (MAR) Q3 2024 Earnings Call Highlights ...
Nov 5, 2024 · Marriott International Inc (NASDAQ:MAR) reported a nearly 6% year-over-year growth in net rooms, indicating strong development activity. Global RevPAR increased by 3% …
Top travel, development trends that drove hotel companies’ Q3 …
Nov 6, 2024 · In the third quarter of 2024, hotel companies saw their pipelines grow to record sizes, with hotel conversions leading growth, and RevPAR increase, bolstered by healthy …
Global RevPAR Shows No Sign of Slowing for Hotels Even As …
U.S. hotels saw big year-over-year (YoY) gains with revenue per available room (RevPAR) up 4.8%, driven entirely by a 5.1% increase in average daily rate (ADR). Occupancy sat at 56.2%,...
Business, group travel boost Marriott’s US RevPAR growth
Nov 4, 2024 · Marriott International posted global RevPAR growth of 3% year on year in the third quarter of 2023, driven by “another quarter of solid rate growth” and strong group …
Accor reports ’22 RevPAR above pre-pandemic level
Feb 24, 2023 · Consolidated RevPAR reported a global increase of 15% during Q4 2022 compared to the same period in 2019, improving on the excellent performance in Q3 (+14%). …