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As we consider the transaction market in 2025, we expect to see a re-emergence of two key contributors to overall volume, portfolio transactions and urban full-service hotel sales, he said. This shift is driving expansion into branded residences and alternative accommodations as hotels capitalize on the growing Experience Economy.
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A 23% decline in domestic room nights sold was offset by a 20% surge in sales to international guests, notably those arriving from Australia and the United States, reflecting a marked shift to a higher-yielding visitor mix. The month also benefitted from higher yielding group business and the presence of film crews.
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The sale, for an undisclosed amount, follows an exclusive off-market, invitation-only campaign. The airport hotel represents Star Group’s second hospitality investment on the Gold Coast and adds to its expanding portfolio, which includes 50 licensed venues, over 115 retail liquor outlets, and six accommodation venues across Queensland.
From F&B and wellness to unique experiences and retail, discover four key strategies to maximise earnings beyond room sales. Income creatively generated from unique products and services can provide a significant supplement to traditional room sales – without the big price tag of infrastructure investment.
The company will continue to offer support to guests after a five-night stay by providing deeply discounted rates for those who remain in need of accommodations. Contact the sales office at 213-395-9520. It is also hosting clothing drives at all of its properties across the U.S.,
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Be it luxurious accommodations, exclusive dining, or wellness experiences, Songkran visitors crave it all. ” Offer irresistible packages that blend accommodation with local experiencesthink water fights, Thai New Year rituals, and cultural excursions. During Songkran, travelers dont just stay longer; they spend more.
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Peachtree’s DST hospitality acquisitions continue to present compelling opportunities for 1031 exchange investors seeking to reinvest proceeds from the sale of appreciated real estate while enjoying tax deferral benefits and maintaining a strong allocation within the hotel sector, according to the company.
This very recent tourism-related asset sale windfall could have been the catalyst to unblock event attraction funding, but councillors decided to go in a different direction. The hotel sector is not against the idea of a new accommodation levy, provided it is done once and done right for all New Zealand.
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Were starting to build outside of the city centres, Wong said, pointing to its existing partnership with Ovolo hotels in key cities, and regional accommodation in Australia, including Islington Hotel Hobart and Chalets at Blackheath in the Blue Mountains of New South Wales.
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million sale of the Grand Eastonian Hotel & Suites, a historic 50-room hotel located in downtown Easton in the Lehigh Valley in Pennsylvania. The current hotel features 50 accommodations ranging from traditional hotel rooms to one and two-bedroom suites with full kitchens and dining areas. of meeting space, plus a 2,200-sq.
Come to our, come to your accommodations at whatever time, and we’ll try our best to accommodate you. The next week it was accounting and sales. I mean, at the end of the day, we are hosting our guests every single evening and to be able to say, hey, come to our home. So it was one day, it was front desk and housekeeping.
High-value guests and corporations will engage companies connected to the GDS to book not only accommodation but sometimes entire travel packages. A successful strategy depends on diversification, value-added sales, and an ability to capitalise on the right opportunities at the right time.
As we consider the transaction market in 2025, we expect to see a reemergence of two key contributors to overall volume, portfolio transactions and urban full-service hotel sales, noted Daniel C. Peek, president, Americas, JLL Hotels & Hospitality Group.
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You’re seeing alternative accommodations actually even be picked up by some of the major brands, which is exciting. And they range from sales, marketing, content, conference producers, creative, and leadership. And it’s more just about accommodating it all in, in a way. So we’re focusing a lot on debt.
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Designed with comfort and connection in mind, the hotel offers modern accommodations, a 24/7 fitness center, a grab-and-go market, and inviting social spaces including a game room, outdoor tiki bar, game lawn, pool and expansive pool deck. Just minutes from Port Canaveral – the fastest-growing cruise port in the U.S.
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Star ratings are often a traveler’s first filter when searching for accommodations. ” Ensuring your website incorporates location-specific keywords makes it easier for search engines to recommend your hotel to those searching for accommodation in your area.
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