Lodging

FEBRUARY 6, 2025

All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into […] The post Hilton Reports Q4 and Full-Year 2024 Results appeared first on LODGING Magazine.

Occupancy 255

Occupancy Business 255

Hotel Management

OCTOBER 31, 2024

Designed by acclaimed Koichi Takada Architects, the multi-award-winning Infinity mixed-use precinct is the most celebrated of Sunito’s projects developed under his Crown Group business. Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We

Resorts 264

Resorts Occupancy General Manager Branding 264

Amadeus Hospitality

MAY 22, 2025

Several international and domestic hotel brands in mainland China have been reporting lower occupancy and average daily rates (ADRs) in 2024. The post Amadeus and AMT partner to help Chinese hotels increase their occupancy appeared first on Amadeus Hospitality.

Occupancy 108

Occupancy Average Daily Rate General Manager Hotels 108

Skift Blog

FEBRUARY 27, 2024

Skift Take: Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan Read the Complete Story On Skift

Occupancy 307

Occupancy Tourism Hospitality Hotels 307

Lodging

MAY 20, 2024

With summer fast approaching, many traditional hotels have started gearing up for an expected increase in both occupancy and activities at their properties. But for seasonal resorts like The Inn at Diamond Cove, such efforts have been in place for months and are essential to ensure a successful summer.

Business 263

Business Resorts Occupancy Hotels 263

Hotel Management

OCTOBER 29, 2024

Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

Occupancy 162

Occupancy Average Length of Stay Accommodation Events 162

Hotel Management

JULY 1, 2025

Vivid Sydney helped drive record-breaking hotel occupancy in May 2025 according to insights from Accommodation Australia. The NSW Government reports that each of the four Saturdays of the festival drew crowds of nearly 200,000, with hotel occupancy just shy of 90% on peak weekend nights, according to the accommodation industry body.

Occupancy 130

Occupancy Accommodation General Manager Hotels 130

Hotel Management

JUNE 20, 2023

Sydney-born Public Hospitality Group is perhaps best known for its thriving network of pubs and bars, which includes the likes of The Norfolk Hotel and Maybe Sammy, but over the last 12 months, the business has been investing heavily in its accommodation offering, giving rise to a growing portfolio of boutique lifestyle hotels. “It

Business 242

Business Hotel Marketing Marketing Market 242

Hotel Management

JUNE 18, 2024

s vacation ownership business is expanding to meet growing demand in Asia Pacific with the recent US$48.4 There’s alignment for both businesses,” Travel and Leisure Co. Travel and Leisure Co.’s million acquisition of Accor Vacation Club , encompassing 24 resorts across Australia, New Zealand and Indonesia. There are US$1.3

Business 264

Business Real Estate Sales Travel 264

Lodging

JANUARY 3, 2025

Growth was elevated due to the Hannukah calendar shift and the compressed business travel period between Thanksgiving and Christmas. Hotel Performance December 15-21, 2024 Percentage change from comparable week in 2023 Occupancy: 48.9 percent (up 11.4 percent) ADR: $135.79 (up […] The post CoStar: December U.S.

Occupancy 173

Occupancy Hotels Business Travel 173

Hotel Management

JANUARY 21, 2025

Despite cost-of-living pressures, occupancy levels remain high and in demand both from a leisure and business perspective. This partnership offers our guests new ways of staying with Hilton, from rustic huts and woodland treehouses to rainforest retreats and coastal villas.

Occupancy 243

Occupancy Travel Services Business 243

Hotel Management

MARCH 12, 2025

Speaking exclusively to HM , STR Regional Director Asia Pacific ex China, Matthew Burke, reported a +50% decline in occupancy across South East Queensland and Northern New South Wales. Encouragingly, Easter forward occupancy remains unaffected for now. We’re closely monitoring booking trends.

Occupancy 130

Occupancy Cancellation Closing Management 130

Lodging

JANUARY 26, 2024

ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The fourth quarter of 2023 demonstrated that group business in 10 of the top U.S. Group bookings are calculated using occupancy and average daily rate (ADR).

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182

TravelNet

MAY 19, 2025

Solid occupancy isnt enough anymore. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Why You Cant Rely on Occupancy Alone First, lets state the obvious: you dont control demand.

Occupancy 59

Occupancy Revenue Market Marketing 59

Lodging

MAY 16, 2025

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

Forecasting 162

Forecasting Average Daily Rate Occupancy Revenue 162

Lodging

FEBRUARY 10, 2025

With major sources of leisure and business travel, New York reported the highest occupancy level of any […] The post CoStar: New York City and Nashville to Open Most Hotel Rooms in 2025 appeared first on LODGING Magazine.

Pipeline 147

Pipeline Occupancy Market Marketing 147

Skift Blog

JANUARY 7, 2025

Skift Take: Domestic demand in the form of weddings, business travel and MICE is leading to record occupancy levels in the Indian hotel industry. However, lack of foreign arrivals continues to be a sore spot. Bulbul Dhawan Read the Complete Story On Skift

Occupancy 274

Occupancy Travel Hotels Business 274

Lodging

JANUARY 29, 2025

Occupancy for the year was raised 0.1 While business optimism is on the rise, economic data has […] The post CoStar, TE Slightly Adjust Growth Projections in First U.S. For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 percent and +1.8

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

Occupancy 290

Occupancy Tourism Events Accommodation 290

Lodging

FEBRUARY 21, 2025

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

Forecasting 179

Forecasting Average Daily Rate Occupancy Revenue 179

Hotel Management

MARCH 30, 2023

Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.

Occupancy 130

Occupancy Events General Manager Hotels 130

Hotel Speak

MAY 20, 2025

So surely the UK is becoming a tougher place to run a travel or hospitality business? And theres the Autumn Budget 2024, now implemented with full effect, that will increase the annual tax bill for UK hospitality businesses by a projected 3 billion per year. Business hurdlesor opportunities? occupancy growth.

Business 67

Business Travel Consumer Hospitality 67

Hotel Management

NOVEMBER 5, 2024

Hotels and hospitality businesses in New South Wales are set to benefit from the elevated status of the Sydney Marathon, which was this week added to the elite Abbott World Marathon Majors series. Accommodation Australia NSW General Manager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD.

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General Manager Accommodation Events Occupancy 147

Hotel Business

NOVEMBER 15, 2024

This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. Despite this, continued improvements in group and business travel served as relative bright spots in the third quarter.” decline in occupancy.

Average Daily Rate 111

Average Daily Rate Forecasting Occupancy Hotels 111

Hotel Management

MAY 1, 2025

Luxury Escapes CEO Adam Schwab shares his 2025 travel outlook, from The Good to The Not So Good and The Bad news for hotel and tourism businesses. The Singapore market absorbed the increase in supply in 2024 well, with ADRs remaining well above historical levels and hotels reporting strong occupancy.

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Tourism Travel Occupancy Market 130

Cloudbeds

NOVEMBER 15, 2024

For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For example, if occupancy suddenly drops, the platform sends an alert with a suggested offer and segment.

Upsell 105

Upsell Occupancy Revenue Management Revenue 105

Hotel Management

MAY 15, 2025

Occupancy in this segment reached close to 78%. The month also benefitted from higher yielding group business and the presence of film crews.

Average Daily Rate 165

Average Daily Rate Travel Occupancy Accommodation 165

Hotel Management

FEBRUARY 6, 2025

We look forward to delivering strong occupancy for the property, supporting a world-class stay. Oscars Group CEO, Damien Cameron,said partnering with EVT represents a significant milestone for the business. EVTs commitment to excellence and driving guest loyalty aligns perfectly with the vision for this luxurious hotel.

Occupancy 147

Occupancy Resorts Dining Hotels 147

Skift Blog

MAY 13, 2024

Skift Take: With premium cabins typically delivering much higher profit margins than economy seats, good occupancy is a key performance metric for many airlines. Gordon Smith Read the Complete Story On Skift

Occupancy 284

Occupancy Business Travel 284

Hotel Management

JANUARY 7, 2024

The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators.

Tourism 287

Tourism Cancellation Accommodation Occupancy 287

Hotel Management

FEBRUARY 22, 2024

In the fourth quarter of the year, the Premium, Midscale and Economy (PM&E) division grew its RevPAR by 12% versus Q4 2022, largely driven by prices rather than occupancy rates. The Middle East, Africa and Asia-Pacific region reported a 19% increase in RevPAR compared with Q4 2022, boosted by a “considerable rebound” in business in Asia.

Occupancy 264

Occupancy Pipeline Revenue Branding 264

Hotel Management

JANUARY 16, 2024

“Serviced apartments in Jakarta demonstrated consistent growth in average occupancy rates during Q3 2023 and increments in average rates is expected with new inventory in the city,” said Choe Peng Sum. The post Pan Pacific Hotels unveils Parkroyal Serviced Suites in Jakarta as business travel rebounds appeared first on Hotel Management.

Services 130

Services Business Travel Occupancy 130

STAAH

NOVEMBER 10, 2024

STAAH has transformed the business operations and online reach of The Malhar Machi Mountain Resort and Jalsrushti Island Resort run by the SwaRa Group of Hotels in the outskirts of Pune. said Harmin Mandora , Business Development Manager – STAAH.

Resorts 109

Resorts Occupancy Operations Hotels 109

Hotel Management

JUNE 6, 2023

The occupancy projection for this year was lowered 0.2% downgrade in occupancy coupled with a 0.7% These two chains, which are the segments most associated with business travel and groups, are expected to lead industry demand growth for the remainder of 2023. and 1.3%, respectively. For 2024, a 1.4%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Business

JULY 11, 2025

June 29 through July 5 (percentage change from comparable week in 2024): Occupancy: 61.1% (-0.4%) ADR: $156.71 (-0.9%) RevPAR: $95.80 (-1.3%) Among the top 25 markets, St. Louis saw the largest increases in occupancy (+27.1% Las Vegas recorded the steepest declines in each of the three key performance metrics: occupancy (-16.8%

Occupancy 77

Occupancy Hotels Market Marketing 77

Belza

JUNE 17, 2025

Related Insight Understanding Hotel Revenue Management Strategies and Their Impact on Occupancy Rates What we do We help hotels transform their pricing strategies into powerful profit engines by: Uncovering Daily Market Value: We identify the precise value of each day across every market segment to set optimal room rates.

Net Operating Income 52

Net Operating Income Business Revenue Management Revenue 52

Skift Blog

JUNE 29, 2023

Skift Take: While Seattle is thriving across the board, it is high hotel occupancy that stands out as a clear winner. Jess Wade Read the Complete Story On Skift

Occupancy 244

Occupancy Travel Hotels Events 244