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Perth hotels are experiencing a strong resurgence in bookings, with the Australian Hotels Association (WA) reporting that the west coast city reached the highest occupancy rates in the country in 2024. From January to December 2024, metropolitan Perth hotels achieved an average occupancy level of 79.4% a 3.9%
Nuell said the partnership over the past three years has resulted in more Marriott Bonvoy sign ups, increased brand awareness and increased hotel occupancy and revenue in the company’s 10 Melbourne hotels. “The We operated at high occupancy throughout the tournament, and are currently pacing in line with last year. “We
Hotel gift vouchers are a formidable strategy to amplify revenue streams and grow guest loyalty. Unlike any other monetary gift card, they can be tied into particular hotel services, enhancing revenue streams. Additional revenue stream, with the money clipped in even before the service is rendered. Gift vouchers are versatile.
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. For example, targeting people looking for a local getaway during shoulder seasons or offering special deals to business travelers for repeat bookings.
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. Ancillary revenue to the rescue! Markets are saturated. Competition is fierce.
The tour, which recently made history as the highest-grossing rock tour of all time, is the first rock tour to surpass US$1 billion in revenue, and second only to Taylor Swift’s The Eras Tour. Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% in Sydney and 50.3%
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
Everything we do must connect to them ‘ ethos and how this approach has not only revolutionised the guest experience but has also become the driving force behind a more holistic and resilient revenue generation strategy, one that prioritises Revenue Per Available Guest (RevPAG) and cultivates meaningful, long-lasting guest relationships.
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
As a leader in revenue management consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenue management trends keep evolving. While questions like What are the top trends in revenue management for 2025? Want to read more about the basics of revenue management?
For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 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.
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 percent.
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.
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. Here’s a closer look at the tangible impact of live concerts on hotel occupancy and the hospitality industry, backed by compelling examples and statistics.
We spoke to luxury Bali property, The Komus, team about how STAAH has helped them with Get Google to boost direct revenue and bookings. It offers 126 designer rooms that merge business and pleasure. There was a need to reduce the dependency on OTAs and enhance revenue by increasing direct revenue through The Komus website.
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.
increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2% 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. decline in occupancy. CBRE now forecasts a 0.5%
The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Hotels are generating better revenue. Domestic tourism is still going strong.
The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. This blog outlines simple, actionable strategies that hotels of all sizes can use to grow their business, from direct bookings to pricing strategies and everything in between.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
A bed bank is a business-to-business (B2B) travel provider that connects hotels with travel distributors, such as online travel agencies (OTAs) and tour operators. Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels.
Announcing its full-year results on Thursday, Accor revealed that EBITDA grew 49% compared to the previous year to €1,003 million, while RevPAR was up 23% like for like, and revenue was up 20% to €5,056 million. Accor’s net profit group share increased by 57% to €633 million.
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.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Here are 6 hotel sales strategies to increase your revenue. Offer discounts or special packages to guests who visit these businesses. This can encourage guests to stay at your hotel and visit the partner’s business, and vice versa.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
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.
Operating a hotel without solid answers to core business questions is like flying blind. Its no longer enough to glance at daily occupancy numbers or fleeting ADR trendshoteliers must dig deeper to ensure that every decision they make aligns with profitability and guest satisfaction. What is your forecast for the next 1218 months?
It helps fill tables during off-peak times, maximising restaurant occupancy and revenue. Patryk Luszcz, UK regional director at Profitroom, said: “This partnership with ResDiary is part of our wider mission to team up with best-in-class providers who help our hotel partners unlock profit from every corner of their business.
Managing bookings across multiple channels has become a core part of running a successful hospitality business. It can directly impact revenue, guest satisfaction, and your ability to scale. Delays can lead to double bookings or lost revenue. Choosing the best channel manager isn't just about convenience.
Minor Hotels recorded 450% core net profit growth in 2023 compared to the previous year, after reaching a new full-year core revenue record of THB 121.4 Revenue was up 25% on 2022 figures with topline total system sales reaching THB 157 billion (approx. The post Major result for Minor Hotels as group hits record global revenue of US$3.4
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Ive been in the revenue game for 20+ years, and let me tell you nothing grinds my gears like watching hotels leave money on the table. So, Im calling the mistakes out Here are 5 brutal revenue management mistakes I see hotels make all the time as a CEO of a revenue management consulting firm. Not because of the market.
This seamless integration has not only minimized errors and enhanced booking accuracy but also played a pivotal role in driving revenue growth for the hotel chain, positioning it for continued success in a competitive market.
30, reported total revenues reached a quarterly record $428 million, a 1% increase compared to the same period last year. The positive momentum we have created and the strength of our versatile business model bolsters our ability to continue to deliver sustained top-line and earnings growth while returning significant capital to shareholders.”
The occupancy projection for this year was lowered 0.2% from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5% downgrade in occupancy coupled with a 0.7% and 1.3%, respectively. For 2024, a 1.4% lift in ADR meant a RevPAR downgrade of 0.6%.
In STAAH, the Indian hospitality group found a sophisticated system to help manage room types and yield rules, and boost direct revenue by 30%. Daily deals, upselling, promos and a number of other in-built capabilities allow Chokhi Dhani revenue managers to drive demand based dynamic pricing decisions.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
for group business compared to the same time in 2019, according to the Hospitality Group and Business Performance Index from Knowland and Amadeus. Group bookings are calculated using occupancy and average daily rate (ADR.) group revenue recovery appeared first on hotelbusiness.com. markets have recovered 99.1%
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge. Bezla’s hotel revenue management experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Boutique hotels continue to report solid occupancies and healthy ADRs, and collectively achieved increases in all performance indicators through June, according to the Boutique Hotels: Mid-Year 2023 report from The Highland Group. At mid-year 2023, boutique hotel occupancy levels indexed ahead of all U.S. hotels at 11%. hotels at 5%.
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