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Record high room rates for Sydney hotels on NYE

Hotel Management

New Years Eve gave Sydney hotels plenty of cause for celebration on December 31. Sydney hotels pulled in record high average daily rate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% for December 2024, up 2.1%

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CBRE Forecasts Modest RevPAR Growth in 2025

Lodging

percent increase in RevPAR for 2025, with occupancy and average daily rate (ADR) rising by 14 basis points (bps) and 1.2 CBRE projected a 1.3 percent year-over-year, respectively. This represents slightly softer […] The post CBRE Forecasts Modest RevPAR Growth in 2025 appeared first on LODGING Magazine.

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Hotel Signings Remain Strong in India Despite Slow May – India Report

Skift Blog

Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Bulbul Dhawan Read the Complete Story On Skift

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

Hotel Management

RevPAR increase across the nations hotels during the month of April, according to Horwath HTL and Hotel Council Aotearoa data. The latest report, New Zealand Hotel Performance Focus, shows that this growth was achieved despite ongoing declines in key urban markets such as Auckland and Wellington.

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Hotel Room Signings in India Up 40% – India Report

Skift Blog

Skift Take: India's hotel industry has gaps and enough potential to warrant significant growth over the next few years. But whether the players will be able to capitalize is a different question altogether. Bulbul Dhawan Read the Complete Story On Skift