Remove Average Daily Rate Remove Occupancy Remove Sales
article thumbnail

Rates drop in key New Zealand’s two largest cities

Hotel Management

This follows a record average daily rate of NZ$673 that was reached on 31 December 2024. In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy.

article thumbnail

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%.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

NSW hoteliers buoyed by AA market outlook

Hotel Management

“The figures presented by Paul Hammond, Sales Manager Pacific at STR showed global demand continues to surpass prior years, though the pace of growth has slowed and normalised,” said AA NSW General Manager Stacey McBride.

Market 130
article thumbnail

How Live Concerts from Famous Bands Affect Hotel Occupancy

eZee Absolute

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. As global acts continue to tour, the hospitality industry is reaping the benefits in ways that extend far beyond just ticket sales.

article thumbnail

Effective Hotel Sales Strategies to Increase Revenue

Hotelogix

In the competitive world of hospitality, having a strong sales strategy is key to ensuring your hotel's success. The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. If they lower their rates, you might need to adjust yours to stay competitive.

article thumbnail

Colliers Releases its INNvestment Canada Hotel Report Q4 2024

Hotelier Magazine

Significant sales included the Radisson Toronto Airport West, which sold for $28.9 Overall occupancy levels remained flat, increasing by just 0.1 Growth was largely driven by higher Average Daily Rates (ADR), which outpaced inflation. million, and the Best Western Plus Ottawa Kanata, which traded for $10.5

article thumbnail

Maximizing Hotel Revenue: Advanced Channel Manager Strategies for 2025

STAAH

Dynamic Pricing : Real-Time Revenue Optimization Channel Managers like STAAH enable rule-based pricing automation , adjusting your rates based on demand, occupancy, and even competitor pricing. A drop below 30% occupancy? Your rates drop automatically to drive last-minute bookings, across all OTAs. No more repetition.

Revenue 86