The U.S. hotel industry posted its highest average daily rate and revenue per available room on record in 2023, according to STR
Among the Top 25 Markets, New York City experienced the highest levels in each of the three key performance metrics: occupancy (+8.8% to 81.6%), ADR (+8.5% to US$301.22) and RevPAR (+18.1% to US$245.77).
Get the full story at STR
How hoteliers are using technology to meet the changing needs of travelers - The strategic use of technology stacks is integral to creating unique travel experiences that resonate with modern travelers and drive revenue growth for savvy hotel operators.
Accor expects its RevPAR to grow by 4-5% this year - Europe's biggest hotel group Accor expects its RevPAR to grow faster than its medium-term target this year, driven by strong performance across its regions and brands.
Rethinking hospitality marketing team deployment - At a time when differentiation is key, using data effectively and collaborating as a cross-functional team are key strategies.
JOIN 34,000+ HOTELIERS
By submitting this form, you agree to receive email communication from Hospitality.today and its partners.