Remove Accommodation Remove Occupancy Remove Scale
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

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

Insiders

Sign Up for our Newsletter

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

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
article thumbnail

Outsourced Valet That Pays Off

Hotel Management

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.

Services 130
article thumbnail

Fans in stands = heads in beds

Hotel Business

Major sporting events—like the Super Bowl, the Olympics, tennis opens and even regional tournaments—bring in thousands of visitors who require accommodations, meals, transportation and entertainment. These efforts help turn a simple overnight stay into a memorable and engaging experience.

Events 52
article thumbnail

Double Digit Growth in Global Hospitality Industry for Q4, with Europe Leading the Way

Amadeus Hospitality

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.

Occupancy 112
article thumbnail

Five predictions for 2023

Hotel Business

2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. We expect it will continue to be a main driver in the market heading into 2023, particularly as demand for these accommodations soars and labor remains expensive and in short supply. By Shilpan Patel.

Services 116