article thumbnail

CoStar: U.S. Hotel Industry Closes March With Positive Yearly Comparisons

Lodging

Louissaw the largest increases in occupancy (up 27 percent to 76.8 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: $161.65 (up 2.5 percent)RevPAR: $105.19 (up 7.0

Closing 162
article thumbnail

CoStar: U.S. Hotel Industry Closes December With Negative Yearly Comparisons

Lodging

Hotel Performance December 22-28, 2024 Percentage change from comparable week in 2023 Occupancy: 47.7 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. percent (down 4.9

Closing 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Iwan Sunito launches One Global Resorts with rebrand of Green Square property

Hotel Management

It is also a popular choice for the TV and film industry given its close proximity to Fox Studios at Moore Park and is the host hotel for popular reality TV show, Married At First Sight. Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We

Resorts 264
article thumbnail

Brisbane shows resilience in aftermath of Cyclone Alfred, STR reports

Hotel Management

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
article thumbnail

‘End of an era’: Hyatt Regency Perth to close next month as owner eyes new hospitality direction

Hotel Management

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. For the month of May, Perth hotels had an occupancy rate of 77.3%, the highest of all Australia’s capital cities.

Closing 264
article thumbnail

Travel and Leisure Co. acquires beachfront resort in Queensland

Hotel Management

With occupancy rates averaging close to 90% in our vacation club, we look forward to showcasing Mission Beach and introducing the highlights of the surrounding region to our Club Wyndham South Pacific owners and their guests, he added. The post Travel and Leisure Co.

Resorts 147
article thumbnail

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

Hotel Management

Occupancy in this segment reached close to 78%. star segment recorded a significant 22% year-on-year increase in Average Daily Rate (ADR) with rates averaging NZ$405 for these premium properties, driving the overall 15% rise ADR for the market.