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Rates drop in key New Zealand’s two largest cities

Hotel Management

Hotels in Queenstown, Christchurch and Rotorua have enjoyed a strong start to the year with increased room rates, driven by an uptick in international visitors, while New Zealands main centres of Auckland and Wellington saw a decline. This follows a record average daily rate of NZ$673 that was reached on 31 December 2024.

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CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

Lodging

WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6

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How Live Concerts from Famous Bands Affect Hotel Occupancy

eZee Absolute

The surge in hotel bookings during these high-profile events highlights how live concerts act as powerful economic drivers for cities. 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.

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‘Tables have turned’: boutique hotels outperform big box internationals, CBRE reports

Hotel Management

Australia’s boutique hotel market is booming amid increased demand for unique and personalised stays. CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

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APAC hotel investments to hit $12.2 billion in 2024, JLL reports

Hotel Management

“Investors have consistently shown an appetite to play larger in the hotel sector in Asia Pacific and we see no signs that activity will wane in the last quarter of 2024, making us increase our investment volume forecast to $12.2 In the first nine months of 2024, Japan further established itself as the most attractive hotel market regionally.

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Brisbane lures investors as city emerges as ‘favoured hotel development hot spot’, Colliers reports

Hotel Management

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 billion by end of year.”

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8 hotel marketing trends & how properties can prepare

Cloudbeds

With restrictions to third-party data and new AI tools, lodging operators must familiarize themselves with the different hotel market trends and strategies to stand out from the crowd. Here, we look at how the travel landscape is evolving and the latest trends to shape your marketing strategies this year.