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CBRE predicts 2025 will be a ‘pivotal year’ for growth and investment in Australia’s hotel sector

Hotel Management

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

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Exclusive: hotel market expansion to peak in next 12 months, says CBRE

Hotel Management

Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal. In addition, the new wave of supply is anticipated to play a role in driving rate performance over the next two years.

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

Hotel Management

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. There is some stress in the market which can favor incoming investors, and a slowdown in the development pipeline helps reduce the high level of supply growth.

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline. “Our ambition for Lyf, alongside our other brands, is to expand horizons, pushing boundaries across geographies while deepening our local presence in current and new locations.”

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

Hotel Management

Sydney’s hotel market is the top performer nationally with occupancy above 75%, an average daily rate (ADR) above AU$300 and revenue per available room (RevPAR) above AU$200, according to STR and Colliers. Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.

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IHG reports 10.5% Q3 RevPAR increase

Hotel Business

Average daily rate +4.1% vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% Average daily rate +4.1% vs 2019; occupancy +4.1%pts Occupancy was 72%, up 0.7% vs 2019), while rate was up 3.1% (up 14.8%

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Third Quarter trading update to 30 September 2022

eHotelier

vs 2019, with Americas +6.8%, EMEAA (0.1)% and Greater China (20.0)% Average daily rate +13% vs 2021, +11% vs 2019; occupancy +8%pts vs 2021, -6%pts vs 2019 Gross system size growth +4.3% rooms (51 hotels) in Q3, similar to Q2 and ahead of Q1 Underlying removal rate -1.7% Q3 group RevPARa +28% vs 2021; +2.7%