News from
U.S. Hotel Industry Records Mixed Results during the First Week of March 2025
2025-03-13 17:46:29| Hotel Resource
The reported occupancy rate was 62.4%, showing a minor dip of 1.4% from the same week in 2024. The average daily rate (ADR), however, increased by 2.1% to reach $160.53, while revenue per available room (RevPAR) also saw a slight increase of 0.6%, amounting to $100.11.
Category:
Hospitality
LATEST NEWS
Asian Travelers Prioritize Sustainable Tourism, Agoda Survey Shows
2025-03-13 17:41:02| Hotel Resource
The survey ranked travelers from the Philippines as the most conscious about sustainability, with 86% stating it was a key factor in their travel plans for 2025.
Category:
Hospitality
Italy's Hospitality Market Outperforms European Counterparts: A Look at 2025 Projections
2025-03-13 17:30:28| Hotel Resource
Italy's hospitality market is robustly recovering, surpassing pre&pandemic levels and outperforming its European counterparts. With 2.1 billion in hotel investment volume in 2024, the country is recovering and outperforming, with luxury properties leading the charge in investment growth.
Category:
Hospitality