Mews Releases its Bi-Annual Hospitality Data Dive
Mews, the innovative hospitality cloud, has released its latest report examining hospitality’s performance and trends.
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RevPAR was an average of 92% higher in 2022
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In 2022, Mews properties generated €24million+ in additional bookable services
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Occupancy in 2022 comes very close to 2019, overtaking it for a brief moment in August and then again in December
Using anonymized data gathered from over 3,000 properties, the Mews Data Dive 2022 H2 explores industry performance throughout last year – with a focus on July to December – across 11 key metrics, and compares the data with previous years.
“There is a deluge of data now means Hoteliers are drinking from a firehose of information,” said Richard Valtr, Mews Founder. “Our Mews Data Dive builds on our success. It takes hospitality data and distills it into takeaways that are both insightful and actionable, making it a must-read for any forward-thinking hotelier.”
Some of the report’s key findings include:
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End of year occupancy levels exceeded pre-Covid (2019) levels
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Year-on-year booking lead times have increased by 11 days to a 31-day average
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ADR and RevPAR consistently outperform all previous years
The Data Dive also gives property managers and owners the opportunity to benchmark their own performance against the industry average so that they can identify any areas for further improvement.
Overall, the data presents a positive picture for hospitality, with encouraging numbers for traditional indicators like occupancy and RevPAR, alongside the adoption of technology and greater connectivity across operations.
Download the Mews Data Dive 2022 H2.
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