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Australian travellers drive RevPAR increase across The Tasman, Howarth HTL reports

Hotel Management

star segment recorded a significant 22% year-on-year increase in Average Daily Rate (ADR) with rates averaging NZ$405 for these premium properties, driving the overall 15% rise ADR for the market. Occupancy in this segment reached close to 78%.

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CBRE: U.S. hotel performance impacted by moderate summer demand

Hotel Business

The average daily rate (ADR) is expected to increase by 0.7%, a reduction of 40 bps from earlier projections. RevPAR growth is expected to reaccelerate beginning in Q4 2024, supported by recent interest rate cuts, easing inflation and rising stock market trends. and average inflation of 2.9%

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Happy New Year: Sydney hotels achieve record monthly ADR in December

Hotel Management

Sydney hotels had much cause to celebrate as 2023 drew to a close with record results achieved in the month of December. Helped by a New Year’s Eve Sydney’s hotel industry, Sydney’s hotel industry recorded its highest monthly average daily rate (ADR) on record, according to December preliminary data from property analytics platform CoStar.

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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. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. Now is definitely the right time for investment in Fiji.

Tourism 264
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Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Hotel Management

Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Investment volume is expected at THB9-10 billion, close to the 10-year average volume of THB11.7

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

The newly-operational properties have displayed strong results since opening, with the Tokyo property, which opened at the end of November 2023, achieving a higher-than-expected average daily rate, surpassing anticipated occupancy, and achieving high guest reviews.

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European Hospitality Closes 2024 With Strong December Perfromance

Hotel News Resource

The end of the year has been favorable for European hospitality, with notable improvements in performance indicators, both in occupancy and average daily rates (ADR).