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

Hotel Management

Following a surge in international arrivals and steady domestic demand last year, CBREs latest Hotels Australia Overview and Outlook report shows that the pace of growth will continue at a moderate rate in 2025. Australias international arrivals are now at 13% below pre-pandemic levels with strong demand from China, India and Southeast Asia.

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Victoria’s tourism budget cuts ‘send the wrong message’ to hotel investors, AA says

Hotel Management

Victoria has had the strongest new hotel development pipeline of any state/territory over the past five years, but investor confidence comes from a strong and continually growing level of in-bound tourism demand,” said Mansfield. “Budget reductions on this scale, with just $15.5m

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

Hotel Management

Secondly, international travel continued to bounce back, and the hotel sector in Asia continued to show strong revenue growth. 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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Marriott reports swift China rebound

Hotel Management

“Within customer segments, group once again performed extremely well, with revenue rising 10% above 2022,” Capuano said of the US and Canada. Marriott International CEO, Anthony Capuano “Business transient revenue also saw strong year-over-year growth, driven by solid average daily rate growth.

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Exclusive: Choice reports direct bookings boom, continued RevPAR growth

Hotel Management

In 2022, Choice Hotels Australian RevPAR rose 31% on 2019, with average daily rates (ADR) up 10% on the same period. Australian revenue managed hotels had a 40% RevPAR increase in 2022 and ADR was up 10% on 2019 figures. While 2023 will present some challenges, Fraser is confident in Choice Hotels’ marketing strategy.

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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. billion by end of year.”

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IHG reports 10.5% Q3 RevPAR increase

Hotel Business

Average daily rate +4.1% rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% Average daily rate +4.1% rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% A further 5,100 rooms (55 hotels) were added to the pipeline.

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