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percent) Among the Top 25 Markets,St. Only five markets saw a […] The post CoStar: U.S. Hotel Industry Closes March With Positive Yearly Comparisons appeared first on LODGING Magazine. Hotel PerformanceMarch 23-29, 2025Percentage change from comparable week in 2024Occupancy: 65.1 percent (up 4.4 percent), ADR (up 15.8
Skift Take: As destinations navigate growing competition, real-time movement data is becoming essential to inform smarter marketing, planning, and resource allocation. Read the Complete Story On Skift
Skift Take: India needs to close the gap between its thriving outbound market and untapped inbound potential, along with what the future might hold for the country's place in global tourism. Peden Doma Bhutia Read the Complete Story On Skift
percent) Among the Top 25 Markets, Tampa reported the only double-digit increases in occupancy (up 16.3 Hotel Industry Closes December With Negative Yearly Comparisons appeared first on LODGING Magazine. Hotel Performance December 22-28, 2024 Percentage change from comparable week in 2023 Occupancy: 47.7 percent (down 4.9
In today’s ultra-competitive markets, it’s no longer enough to wait for buyers to show obvious signs of interest. In this eBook from ZoomInfo & Sell Better, learn 10 actionable ways to use these buyer signals to transform your sales strategy and close deals faster.
With a new focus on global market diversification, the three-year pipeline over 285 new hotels and almost 47,000 keys will see the addition of more than 100 properties in Asia, more than 60 in the Middle East and Africa, and 40 in Australia and New Zealand.
The “hotly contested sale process”, managed by agents Stonebridge Property Group and HTL Property, saw in excess of 300 enquiries, and over 20 formal offers received at the close of first round bids.
However, given that Booking.com's annual sales and marketing spend exceeds $7 billion, the expense is certainly doable. Skift Take: Barring last-minute entries, Booking.com may be the only travel company advertising nationally during Super Bowl 2024. Dennis Schaal Read the Complete Story On Skift
Radisson Hotel Group has closed a successful first half with over 130 signings and openings across EMEA and APAC. Radisson Collection and Radisson Red entered into several new markets, with nearly 20 Radisson Blu hotels signed. Radisson Hotel Group’s brands offer a clear solution for every market.
Close more deals with these winning plays! Meet your modern sales playbook - See how high-performing sales and marketing teams increase pipeline year-over-year. For the first time, we’re sharing the winning plays that took us from scrappy startup to a publicly traded company.
Boyes, Ryan and Alchin sat down with HM to discuss the evolution of the Australian hotel market, changing perceptions of the independent management model, and goals for the future. With this reduction of operational resources and capability across all levels of the market, delivering operational excellence for everybody became very difficult.
Opportunities abound in the Fijian hotel market – that was the message to the more than 350 hotel industry leaders that gathered at Sofitel Fiji Resort and Spa this week for the AHICE Fiji Islands Investment in Tourism Summit. It is a time for connection, of alignment and of shared opportunity,” Seeto said. Fiji is open for investment.
DALLAS, Texas—The commercial real estate lending market demonstrated signs of stabilization at the end of 2023, with borrowing costs appearing to have peaked, even as transaction activity remains subdued, according to the latest research from CBRE. percent from Q3 2023—marking the first quarterly increase since Q1 2022.
In this update, Skift Research looks closely at the best uses of digital marketing and advertising tools. Skift Take: Get a preview of our latest output from our Hotel Tech Benchmark data product. Saniya Zanpure Read the Complete Story On Skift
As prospects define their problem, search for solutions, and even change jobs, they are generating high-value signals that the best go-to-market teams can leverage to close more deals. This is where signal-based selling comes into play.
As hotel marketing evolves, so does the demand for emotionally-driven, immersive content. Drone marketing specialist Olha Kotova shares how aerial content is driving real results for hotels – from higher engagement to increased bookings. Q1: What role do you think drone footage plays in today’s hotel marketing strategies?
Peachtree Group (“Peachtree”), a diversified commercial real estate investment firm, announced it has closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the next 30 to 45 days. Billion appeared first on LODGING Magazine.
DALLAS, Texas—The commercial real estate lending market slowed in Q1 2024 due to high interest rates and limited credit availability, but a tightening of credit spreads indicated signs of stabilizing, according to the latest research from CBRE. The index saw a decline of 32.7
ABM gets better with age — but unfortunately, marketers don't have the luxury of pouring it into an oak barrel for a couple decades to let it mature. It’s clear there’s a maturity gap in ABM strategies, so how can marketers start closing it?
Trilogy Hotels CEO, Scott Boyes, said the two hospitality companies will work closely together to drive positive outcomes for the property We are thrilled to be bringing Marriott to Darwin, and in a big way, to a proudly locally owned hotel. Trilogy will work closely with Marriott to maximise the unique opportunities this market holds.
One Global Capital Chairman and Group CEO, Iwan Sunito, has introduced a new hotel brand to the market, One Global Resorts, with the official rebranding of his Skye Suites Green Square property on Thursday evening. Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We
The luxury and select-service sectors will continue to be most favored and liquid in 2025, according to JLL, with urban cities and high barrier-to-entry markets expected to attract the most investor interest. Foreign investment should also accelerate further as some investors look to capitalize on strengthening currencies.
The combined conversion and renovation activity reached an all-time high of 2,050 projects (269,435 rooms) at the Q1 2025 close, signaling that owners are increasingly focused on revitalizing existing properties to meet evolving consumer demands. lodging market. 0025 or info@lodgingeconometrics.com. The post U.S.
Skift Take: The hotel chain's 150th property in India will be at Katra, close to Hindu pilgrimage site Vaishnodevi temple. Srividya Kalyanaraman Read the Complete Story On Skift
Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.
Trailing net operating income increased meaningfully from marketing through closing. The financing, provided by an institutional-grade balance sheet lender, repaid construction financing, returned equity to TPI, and includes an earn-out structure for future proceeds based on performance.
Located at 1 Colley Terrace, The George Glenelg aims to deliver a refined and sophisticated stay close to Glenelg Beach and the Jetty Road precinct. With a strong focus on commercial performance and guest satisfaction, we are confident this boutique hotel will thrive in Glenelgs competitive accommodation market.
Crystalbrook Collection is set to expand into the South Australia market following the signing of a AU$130 million new-build hotel in Adelaide’s CBD with local property developer, Samaras Group. Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development.
Skift Take: Maui is ready for its close-up, according to a new marketing campaign. If tourism doesn't rebound soon, valuable talent may leave. Dawit Habtemariam Read the Complete Story On Skift
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. The post Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market appeared first on Hotel Management.
DALLAS—The commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued, according to the latest research from CBRE. percent from Q2 2023 and 47.9 percent when compared with the strong loan volume in last year’s third quarter.
After years of dependable growth in destinations like Thailand, Singapore, and Indonesia, newer markets such as Phnom Penh, Manila, and Hanoi are beginning to outpace their regional neighbors in year-on-year growth.
Close to significant attractions like the forthcoming Powerhouse Museum Parramatta and Western Sydney Airport, Parkroyal Parramatta expects to benefit from a surge in domestic and international tourism across Western Sydney in the coming years. “As The refurbishment project will also deliver an enhanced welcome experience for guests.
Minor Hotels is making a foray into the Build to Rent (BTR) market with the launch of a Sydney accommodation, under its full-service property arm, Mint Residential. We believe that the greatest demand for accommodation is inner city locations close to public transport,” Hooley told HM.
Construction Pipeline Trend Report by Lodging Econometrics (LE) shed light on cross-market trends. Dallas emerged as the strongest market, leading the nation with a record-breaking 193 projects/22,291 rooms, signifying Dallas’s growth and confidence in the hospitality sector.
From prospecting to closing, today’s mobile, social, big data, and cloud technologies are revamping the sales process in ways that would have been inconceivable a few decades ago.
ORLANDO, FloridaWestgate Resorts announced that it has signed a definitive agreement to purchase Bellevue, Washington-based Vacation Ownership Sales (VOS), which has the management and sales and marketing rights for VI Resorts. The acquisition is set to close in 2025.
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
This deal supports Aligned’s strategy of leveraging its expertise, local insights, and industry relationships to grow its footprint in the Tucson market, where the company already manages six properties. Spark by Hilton Tucson Airport was previously a Comfort Suites that closed during the pandemic.
Skift Take: The integration gap between seats and screens is finally being closed, but airlines risk commoditizing their premium market with cookie-cutter seats. John Walton Read the Complete Story On Skift
Other travel companies that have similarly struggled after going public in a rocky market will watch closely. Skift Take: Selina hopes to avoid bankruptcy by seeking a restructuring out of court. Sean O'Neill Read the Complete Story On Skift
Gerritse brings over 15 years of luxury hospitality experience to the role, including in sales, marketing, and operational leadership across major Australian hotel brands. I was drawn to the boutique feel and the close-knit culture of the team here, said Breen.
The latest report, New Zealand Hotel Performance Focus, shows that this growth was achieved despite ongoing declines in key urban markets such as Auckland and Wellington. Occupancy in this segment reached close to 78%. An uptick in Australian visitors to New Zealand has helped drive a 2.9%
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