Page 7 - Group Rev News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The sharp improvement in activity seen since the start of the year was confirmed in the third quarter of 2022. For the second consecutive quarter, the Group’s RevPAR exceeded its 2019 level and Asia is now the only country performing below its pre-crisis level. Demand from domestic and international leisure travelers was very strong over the summer, leading to a significant increase in prices, and September benefited from renewed demand from business travelers for major trade shows and fairs.

Hilton Worldwide Holdings Inc. (NYSE:NYSE:HLT) Q3 2022 Earnings Conference Call October 26, 2022 10:00 AM ET Company Participants Jill Slattery - Senior Vice President, Investor Relations...

Investegate announcements from Dalata Hotel Group PLC, 2022 Half Year Report

The signs of summer are here for the U.S. hotel industry, and some of the nation’s top urban markets are showing consistent evidence of recovery.

Occupancy in the U.S. reached 68.6% for the week of 15-21 May 2022, which was the highest level since July 2021. To add some perspective, since the start of the pandemic, weekly occupancy has only surpassed 65% on 17 occasions with seven of the occurrences happening this year and the remainder seen last summer. Furthermore, year-to-date occupancy is 60% versus 51% a year ago. Weekly average daily rate (ADR) advanced to US$152, the third highest level of the pandemic-era and 13% higher than the comparable week of 2019. More importantly, revenue per available room (RevPAR) reached its highest le...