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Accommodation Australia CEO James Goodwin is hopeful of a busy holiday period for hotels despite cost-of-living pressures. STR’s latest data market report shows September 2024 occupancy was stable despite slowing growth, standing at 72.7% Year-to-date occupancy across the country was at 70.4% up just 0.6%
This years event is expected to draw record fan numbers an bring an increase of up to 10% in Melbourne city hotel room bookings, across main tournament days, according to Accommodation Australia. The occupancy boost is welcome news as hoteliers seek to match a high performing Q1 2024.
Our strategic partnership will continue to deliver our members and guests extraordinary sporting experiences to enjoy alongside our world class accommodations connecting people from all over the world as the spotlight shines on Australia.”
Nearly six months on from the formation of Accommodation Australia – an amalgamation of the Accommodation Association and Tourism Accommodation Australia – CEO Michael Johnson spoke to HM’s Ruth Hogan about what has been achieved this year and what’s top of the agenda for 2024. I think it definitely has.
Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”
Hotels and hospitality businesses in New South Wales are set to benefit from the elevated status of the Sydney Marathon, which was this week added to the elite Abbott World Marathon Majors series. Accommodation Australia NSW General Manager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD.
Sydney-born Public Hospitality Group is perhaps best known for its thriving network of pubs and bars, which includes the likes of The Norfolk Hotel and Maybe Sammy, but over the last 12 months, the business has been investing heavily in its accommodation offering, giving rise to a growing portfolio of boutique lifestyle hotels. “It
A AU$5 million recovery package aimed at driving visitation to Cairns and Far North Queensland in the wake of the devastating Tropical Cyclone Jasper and recent flooding has been welcomed by peak industry body Accommodation Australia.
Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.
In fact, concert-goers often flood the local hotel market, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand. Here’s a closer look at the tangible impact of live concerts on hotel occupancy and the hospitality industry, backed by compelling examples and statistics.
We’ve had 206 hotels open across Australia in the last three years,” said Accommodation Australia CEO Michael Johnson. “In Hotel operators across the country – but particularly in our gateway cities – are seeing occupancies re-building to pre-pandemic levels. “We And people also want an experience, they want to be pampered.
Occupancy in this segment reached close to 78%. The month also benefitted from higher yielding group business and the presence of film crews. The month also benefitted from higher yielding group business and the presence of film crews.
Accommodation Australia CEO Michael Johnson said the migration strategy “implements a number of reforms which will improve the system, while recognising more work needs to be done”, pointing to the importance of further consultation on issues such as the chronic labour shortage in regional areas and changes to student visas.
Victoria’s proposed tourism tax has been deemed “unfair” on hotel guests and likely to impact tourism numbers in the state, according to peak accommodation body Accommodation Australia. Johnson said the government should instead target “the unregulated accommodation sector” to help deal with the rental housing crisis.
So surely the UK is becoming a tougher place to run a travel or hospitality business? And theres the Autumn Budget 2024, now implemented with full effect, that will increase the annual tax bill for UK hospitality businesses by a projected 3 billion per year. Business hurdlesor opportunities? occupancy growth.
Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.
The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.
Marriott Bonvoy is celebrating a successful Australian Open as the events official accommodation partner for the fourth year running, with increased occupancy at its 10 Melbourne hotels, enhanced brand awareness and greater member engagement.
Michael Johnson, CEO of Tourism Accommodation Australia and Interim CEO of Accommodation Association said the festival has evolved greatly over the years to become a “demand driver” for hotels. This year, Johnson explained, while there is demand for weekend bookings, occupancy during the week is softer than expected.
However, we’re now seeing encouraging signs of recovery, with business bookings picking up as we move into the latter half of the year. Our properties are performing well, with solid occupancy and rate performance. This success is a testament to the hard work of our Quest franchisees and the strength of our business model.
The European hotel and accommodation sector is preparing for a historic year. Economic sentiment among European hoteliers is in many places exuberant, reflecting two consecutive 6-month periods of strong growth in occupancy and average daily prices as well as a positive outlook for the future.
Despite the slow return of international travellers to Queensland, occupancy levels at Accor’s 96 hotels across the state are surging beyond 2019 occupancy levels thanks to strong domestic travel and the lure of major concerts and events.
Sean Hunt, Marriott International “The Murdoch Health and Knowledge Precinct is positioned to become the Southern Corridor’s home to health research, medical care, higher education, innovative business development and Hesperia is laser focused on delivering economic benefits for all of Western Australia, but certainly for the Southern Corridor.”
The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22.
It considers various reasons for traveling to the destination, such as for business (conferences, exhibitions, business meetings) or leisure (culture, festivals, concerts, sports). This type of forecasting is essential for understanding the total demand for accommodation in a destination.
Outsourcing valet services frees hotels from operational stress, enhances guest experience, reduces claims, and unlocks commercial opportunities, supporting premium pricing and increased occupancy through seamless, professional, and a trusted service delivery by experts. Q: Tell us about the services you offer hotels.
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.
The Ascott Limited has launched a refresh of its flagship namesake brand, Ascott, that showcases its flex-hybrid accommodation concept. By being responsive to shifts in demand, Ascott can quickly pivot its operations to suit the needs of the market and optimise occupancy to drive revenue growth,” he said.
Crawford said that while the destination has excellent prospects for growth and long-term success, it lacks high-quality accommodation, making it less appealing to affluent travellers. “It It is missing out on the marketing power of international hotel companies,” he said. “In
Going into FY25, ResortBrokers’ market outlook for Queensland is as strong as ever: it remains one of the best places in Australia to buy an accommodation property or business. Occupancy, RevPAR and ADR are all up on FY23 according to the latest TRA figures for Queensland. This is across the board on a regional level.
“STR’s 2024 outlook data suggests all of Australia’s capital cities are experiencing strong ADRs through the end of 2023 and that this is set to continue into the coming year, with occupancies following,” said Simpson.
Burke had plenty of positive news to share with occupancy trending back to 2019 levels, while rates are up 25%. He revealed that ADR more than occupancy separates the major markets; and luxury still leads in total growth, although midscale is making major strides.
What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It’s a vital tool for any hotel owner or operator, whether you’re starting a new hotel, expanding an existing business, or improving your current operations.
I think the recovery has been in some ways faster than it was in Thailand [Cameron’s previous posting, throughout the pandemic, was at The Peninsula Bangkok] and some other countries because major businesses and government delegations from all over the world needed to get in to China. We want to stay best in market. Click here for more.
Lyf – pronounced ‘life’ – stands for ‘live your freedom’ and is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives. For me, I’m thinking about how I ready the business and our properties to weather whatever it may be.
Todays travelers are more eco-conscious, seeking accommodations that reflect their values. According to a recent Booking.com survey, 56% of travelers now seek accommodations that embrace eco-friendly practices, and nearly 67% value comfort, stylish designs, and innovative amenities that incentivize repeat visits ( Booking.com ).
It offers 126 designer rooms that merge business and pleasure. STAAH booking engines dynamic pricing , streamlined customer communications, promo codes, stop-sell limits on packages and occupancy base pricing. The secure and hassle-free booking platform lets guests book online through the property website in three steps.
However, as the market grew and evolved, this model started to show its limitations: Overreliance on historical data Traditional comp sets were rarely updated and relied heavily on historical data, such as past pricing, occupancy rates, and guest reviews. As McKinsey highlights , in the old days of traveling, destination came first.
What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? For example, if you have 20 rooms, but only 10 are occupied, your occupancy rate will be 50%.
As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it.
AHICE Group President James Wilkinson said the conference will focus on building positive growth in the sector, from improving occupancy and ADR to driving food and beverage revenue. The hotel sector is a major target market for many businesses. Hotel issues have an inevitable impact on supplier businesses as well.
Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.
Owners are responding to the growing need for properties that cater to both business and leisure travellers to accommodate the popular “Bleisure” trend. Hybrid spaces that can host large conferences and provide exceptional leisure experiences are on the rise, allowing owners to maximize occupancy and rates throughout the week.
The conference – billed as ‘the hotel event where deals get done’ – attracts some of the largest investors and key decision makers in the global accommodation sector, with delegates attending this year from the United States, Europe, the Middle East, and Asia, as well as across Australia.
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