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

Hotel Management

Budget reductions on this scale, with just $15.5m Key Melbourne hotel metrics (Average Daily Rate and Revenue Per Available Room) still lag significantly behind Sydney and if we don’t adequately promote Victoria, it will only get worse. “In

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Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market

Hotel Management

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China.

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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

While the accommodation market has bounced back faster than expected, the real growth in profitability for the sector after accounting for increased costs, strongly points to the fact that the Average Daily Rates (ADR) growth has not been substantial enough to maintain pace with the escalations in construction pricing.

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. Leading the next phase of development and growth of Lyf is Adeline Phua, who has been appointed Managing Lyf Partner.

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RevPAR Growth Witnessed in Global Hotel Markets

Hotelier Magazine

Despite positive growth in Singapore, most Asia-Pacific markets reported lower RevPAR due to reduced Average Daily Rates (ADR). On a global scale, Egypt emerged as the leader in annualized RevPAR growth (up 42 per cent) followed by Turkey (up 36 per cent), both driven by ADR.

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Boots on the Ground: How to Sell Hospitality Tech in India

Hotel Speak

Yet, despite the scale, much of the market still relies on on-premises property management systems. For RMS , the entry point was the budget and mid-scale segment a space less dominated by global tech giants and more open to change. India is home to roughly 2.5

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Adelaide hotels enjoy occupancy lift from LIV Golf and AHICE Asia Pacific

Hotel Management

Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. The AFL Gather Round returned to Adelaide for a second year, from April 4-7, and while year over year occupancy dripped slightly by 1.2%, average daily rate (ADR) jumped 15% to AU$372.77.

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