Remove Accommodation Remove Average Daily Rate Remove Scale
article thumbnail

Victoria’s tourism budget cuts ‘send the wrong message’ to hotel investors, AA says

Hotel Management

Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. Budget reductions on this scale, with just $15.5m AA said that Visit Victoria typically receives AU$32.5

Tourism 264
article thumbnail

Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market

Hotel Management

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Fiji continues to be loved the world over for the world class accommodation, great food and drink options, beautiful weather and classic sun, sand and surf. However, what really makes Fiji stand out is our people and our culture.

Tourism 264
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ascott broadens Lyf experience with eight new signings globally

Hotel Management

As the brand expands to destinations such as Bali, Penang, Sydney and Frankfurt, Ascott has evolved the brand to deliver a “multifaceted hospitality experience” with flexible typologies that range from co-living accommodation and city hotels to full-service resorts. “In

article thumbnail

Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

Scale 130
article thumbnail

SiteMinder deepens partnership with Trip.com amid Chinese travel market rebound

SiteMinder

As a reflection of the lucrative Chinese travel market’s spending habits, the average daily rate of those bookings was 10 percentage points higher than the global average. Indeed, SiteMinder’s Changing Traveller Report 2023 found that Chinese travellers were the most price-resilient globally.

Travel 110
article thumbnail

8 Essential Features To Consider When Choosing a Revenue Management Solution for Your Hotel

STAAH

In the ever-evolving hospitality industry, staying competitive demands more than just offering great accommodations and service. An RMS should provide detailed insights into key performance metrics such as Room Revenue Per Available Room (RevPAR), Average Daily Rate (ADR), occupancy rates, booking pace, and revenue forecasts.

article thumbnail

AHICE Fiji attracts bumper crowd of over 330 as nation experiences phenomenal tourism growth

Hotel Management

Compared to 2019, Fiji’s Average Daily Rate (ADR) is 71% higher than it was in 2019 at AU$461, according to STR’s Regional Director Matt Burke in his exclusive AHICE outlook, and that is resulting in record results for owners and operators across the nation. Then again, it’s even hotter than you thought.

Tourism 113