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Kauaʻi may be the oldest of the main Hawaiian Islands but it’s also one of the most beloved by visitors. Everything about the island its lushness, its ....
March concluded with an uptick in weekly U.S. hotel occupancy, which reached the second highest level of the year (66.2%), up 2.2 percentage points (ppts) from a year ago, but 1.3 percentage points below the year-to-date (YTD) high achieved two weeks ago. Average daily rate (ADR) of US$158 matched last week’s level and like occupancy, it was the second highest of the year so far. More importantly, ADR increased 7.3% year over year (YoY), ahead of inflation (+6%). ....
Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, released its U.S. monthly meetings and events data for November, reporting that November 2022 achieved 103.1 percent of November 2019 volume, exceeding monthly pre-pandemic levels for the first time. Knowland reports November this year with 122.5 percent growth over November 2021. In line with native seasonality, November 2022 declined by 11 percent over October 2022. ....
Robust top-line hotel performance indicators for the four weeks ending 11 June point to a clean transition between a rock-solid recovery during the spring to summer’s traditionally leisure-heavy travel period. With domestic leisure travel expected to remain strong, along with a recent lifting of international travel restrictions, STR expects a record-breaking summer season with numerous U.S. hotel markets to surpass 2019 comparables. ....