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In October, the demand index declined month over month, with contribution from most days of the week.

Canada’s hotel industry is expected to better withstand a recession this time around with demand in 2023 forecast to be in line with the 2019 benchmark.

With bleisure being the most likely type of business travel trips on the horizon, hoteliers have different opportunities to engage this segment and lead to further gains.

The week after Thanksgiving (27 November-3 December) was somewhat typical for the U.S. hotel industry.

Updated U.S. Non-Participant Data Modeling, non-participants-data-modeling-landing-header-8.jpg Why? Our previous non-participant methodology did not address hotel quality and its impact on performance nor was the functionality of that methodo

After a lull post-Thanksgiving, the U.S. hotel industry kicked back into gear as occupancy rose to 59.6% for the week of 4-10 December 2022.

This latest update provides a look at U.S. top- and bottom-line performance, our latest consumer research, and the outlook for 2023.

In our latest consumer research survey, travelers indicated more preference toward hotels (especially mid-tier) and less interest in short-term rentals as compared to three months ago.

As we get closer to the holidays, hotel occupancy begins to slow, and this year was no exception. U.S. occupancy for the week of 11-17 December fell to 54.5% from 59.6% in the prior week.

U.S. hotel occupancy for the last week of 2022 reached 54.2%, which was the fourth highest level recorded for the comparable week over the past 23 years.

Countries included in this week’s update: U.S., Japan, China, Barbados, Aruba, Cayman Islands, Germany, Luxembourg, Monaco

Hotel revenue management is the industry process that uses data and analytics to predict future guest behavior and demand. The objective of revenue management is to obtain a property’s maximum amount of overall, possible revenue.