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‘Sydney’s biggest hotel sale this year’: Skye Suites nabs top price – HTL, Stonebridge report

Hotel Management

Skye Suites Sydney and its adjoining retail precinct have been sold to an international investor in what brokers have deemed Sydney CBD’s largest hotel transaction this year to date. HTL Property’s National Director of Accommodation, Andrew Jackson, said Sydney stands out as one of the most attractive hotel investment markets in Asia Pacific.

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Star Hotels snaps up Rydges Gold Coast Airport amid ongoing terminal upgrade

Hotel Management

Rydges Gold Coast Airport Hotel has been acquired and settled by Star Hotels, a division of Star Group, Queensland’s largest independently owned and operated pub and liquor retail group. The sale, for an undisclosed amount, follows an exclusive off-market, invitation-only campaign.

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Iconic Sydney pub to open boutique hotel next month

Hotel Management

Steve ‘Speedy’ and Fiona Speed The venue, previously occupied by The Push Bar and two retail stores, features high ceilings and original windows overlooking George St and cobblestone Globe St. It will feature an open-plan kitchen and bar, open seven days a week.

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Maximising Hotel Profits Beyond Rooms

Hotel Management

From F&B and wellness to unique experiences and retail, discover four key strategies to maximise earnings beyond room sales. In Australia, this industry is worth over AUD$45 billion, growing at 5% annually – and many of these services are offered within the accommodation sector.

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Veriu Group opens its largest property to date

Hotel Management

The State Governments 20-year Macquarie Park Place Strategy envisions a world-leading innovation district, blending residential, commercial, and retail spaces, driving the need for high-quality accommodations like Veriu Macquarie Park. Theres clearly a growing demand for quality accommodation options in the area.

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How Live Concerts from Famous Bands Affect Hotel Occupancy

eZee Absolute

As demand surged, the average daily rate (ADR) for hotels increased by 30%, with luxury hotels seeing the highest influx of international visitors seeking premium accommodations. Budget accommodations also filled to capacity, highlighting the broad economic impact of these events. Many hotels were fully booked months in advance.

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AHLA: Hotels face rising costs and flattening growth

Hotel Business

Nominal hotel guest spending on lodging, transportation, food and beverage, retail, and other expenses is expected to reach $777.25 Meeting the travel and accommodation requirements to support the growing number of events and experiences for attendees as well as staff, as cities across the U.S. billion in 2024. billion spent in 2024.

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