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Hotel lobby overseen by hotelAVE, a hospitality consulting firm providing hospitality industry insights and hotel advisory services
Archive
Tag: Group Business

4Q24 Hospitality Earnings Summary

hotelAVE 4Q24 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry. A glimpse: 4Q24 public company U.S. RevPAR growth averaged 2.5% (mostly rate driven) vs 1.8% nationally 2025 RevPAR growth guidance for most public companies of 2.0% to 3.0% is at risk in our view, due to economic..
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3Q24 Hospitality Earnings Summary

Our 3Q24 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry. A glimpse: The average and median 3Q24 U.S. RevPAR changed for the public companies were 0.8% and 1.1% 2/3 of the public companies reported Y/Y increases Full year RevPAR growth guidance tightened to 0.6-1.2%; down from 1.0-2.0%..
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2Q24 Hospitality Earnings Summary

Our 2Q24 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry. A glimpse: The average and median 2Q24 U.S. RevPAR change for the public hotel companies was 1.6% and 1.9%. Group oriented companies outperformed and leisure reliant companies reported negative RevPAR change Full year RevPAR growth guidance revised..
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1Q24 Hospitality Earnings Summary

Our 1Q24 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry. A glimpse: 1Q24 U.S. RevPAR change was -5.9% to 6.6%; 2/3 of the public companies reported declines Full year guidance implies 2024 RevPAR change at 2.3% to 4.3% suggesting much stronger rest of year growth US leisure..
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Asset Manager hotelAVE Bullish on Corporate, Group Travel Expectations

In a recent call hosted by Truist, hotelAVE an shared optimistic outlook for 2024 for corporate and group travel. Despite ongoing workplace dynamics, corporate and group travel are expected to experience significant RevPAR growth, with a projected increase of 5.8% year-over-year and a 12% improvement relative to the 2019 baseline. Other key takeaways: Challenges persist..
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What worries owners, Operators about group business

Hotel owners and operators continue to reassess their business models as the industry continues to reel from COVID-19. During a webinar titled “Emerging strong: Shaping the future of travel and hospitality” presented by Dixon Hughes Goodman, executives discussed their outlook on corporate travel demand, their pivots in development strategy and their theories for how the..
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Special Edition COVID-19 Dashboard

hotelAVE announces the release of our Special Edition COVID-19 Dashboard. Stay up to date on current hospitality data and the impact the virus is having on our industry, all in one place, view for yourself today. Access the hotelAVE Hospitality Dashboard
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