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Article - HVS Market Report Asia Pacific - By Hok Yean CHEE - The Market Snapshot: Asia Pacific 2023 highlights an overview of transaction activity in the region and presents 25 markets current hospitality landscape; each covering demand and supply dynamics, hotel performances, and key transactions.
Hawai‘i hotels statewide reported slightly higher occupancy, average daily rate, and revenue per available room in September 2023 compared to September 2022. When compared to pre-pandemic September 2019, statewide ADR and RevPAR were higher in September 2023 but occupancy was lower.
Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers. What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hospitality leaders to find out.
Article - 2024 Budget Planning: What Is Top of Mind for Hotel Owners & Operators? - By Michael Grove - Budget season is upon us, and around the world hotel owners and operators are buried deep in data trying to come up with 2024 performance numbers.What unique challenges are hotels facing in the 2024 budgeting and planning process? HotStats reached out to global hospitality leaders to find out.
Article - 5 Reasons Why You Need Hotel Business Intelligence for Your Hotel - In today's evolving hotel industry, turning a blind eye to hotel business intelligence is no longer an option. Harnessing the power of hotel analytics software gives hoteliers the reins to not just gather data, but to strategically interpret it. It's a distinction that can elevate a hotel from simply functioning to thriving.