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Star Hotels snaps up Rydges Gold Coast Airport amid ongoing terminal upgrade

Hotel Management

“The region’s thriving tourism sector, coupled with the irreplaceable location of the Rydges Gold Coast Airport Hotel, were key drawcards for Star Group, guaranteeing strong, consistent demand from both domestic and international travellers,” Bunz said.

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

Hotel Management

Conversely, outbound travel by New Zealand residents saw a 6.6% The number of New Zealand residents travelling overseas in April matched the levels seen in April 2019, with Queenstown once again topping the performance rankings with RevPAR climbing 17% year-on-year. Occupancy in this segment reached close to 78%.

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J.D. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms

Lodging

TROY, Michigan—With an average daily rate (ADR) for a U.S. in October 2023 —virtually every traveler in every hotel price bracket is paying more for a hotel room. Power: 2024 NAGSI Study Shows Travelers Are Paying More for Hotel Rooms appeared first on LODGING Magazine. hotel room of $158.45 According to the J.D.

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

Skift Blog

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. 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. Bulbul Dhawan Read the Complete Story On Skift

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CBRE Forecasts Modest RevPAR Growth in 2025

Lodging

DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3

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CBRE Forecast Shows RevPAR to Increase in 2025

Lodging

DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0

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Water Parks Boost APAC Hotels

Hotel Management

Properties equipped with aquatic attractions like water slides and play areas consistently outperform their counterparts in revenue metrics such as Average Daily Rate (ADR) and Revenue Per Available Room (RevPAR). higher than regional averages.