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

Fourth Quarter Hospitality Earnings Summary

Our Fourth Quarter 2024 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q4 2023 U.S. RevPAR change was -4.4% to 5.0% driven by mixed growth and decline in ADR. Economy and Midscale reliant brands reported slowest (zero or negative) RevPAR change Full year guidance..

Third Quarter Hospitality Earnings Summary

Our Third Quarter 2023 Hospitality Earnings Summary is now available! We’re thrilled to share positive insights into the hotel industry’s recovery. A glimpse: Q3 2023 showcases impressive mid-teens RevPAR growth, driven by surging occupancy rates and increased ADR. While leisure demand sees a gradual uptick, business demand has rebounded to 84-90% of pre-pandemic levels, with..