Hotel Management

JULY 26, 2023

In HM’s 2023-2024 Hotel Development Outlook , Colliers Head of Hotels – Australia, Karen Wales, discusses market activity and the future outlook for development. Australia’s accommodation market has continued to expand with the opening of around 3,420 rooms through 2022 in the 10 major markets.

Construction 130

Construction Accommodation Forecasting Market 130

Hospitality Taskforce

DECEMBER 8, 2022

But with the world on the rebound, a lot of exciting things are coming down the pike in 2023, including the following: Full Recovery for the Lodging Market The lodging market is expected to recover fully next year , which means it’s time to staff up! Contact us to learn how we can help your business grow.

Forecasting 52

Forecasting Cancellation Hotels Construction 52

Hotel Business

JANUARY 23, 2023

In the most recent Construction Pipeline Trend Report for the U.S. construction pipeline stood at 5,465 projects/650,626 rooms, up 14% by projects and 12% rooms year-over-year (YOY). In Q4, all stages of hotel construction in the U.S. construction pipeline at year-end ’22 appeared first on hotelbusiness.com.

Construction 52

Construction Pipeline Closing Forecasting 52

Hotel Management

AUGUST 15, 2023

The global business travel market is now expected to reach 2019’s pre-pandemic levels by 2024, two years earlier than expected, following a year of significant gains over the last 12 months. last year, dropping China down to the number two business travel market in the world for the first time since 2014.

Business 245

Business Travel Forecasting Services 245

Hotel Management

MAY 1, 2023

“Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” lyf Sussex Sydney” is a logical locational progression for Ascott to build brand equity in the Australian market,” said Ascott Australia GM Growth and Capital Strategy, James Shields. Ascott is aiming for a mid-2025 opening.

Retail 246

Retail Accommodation Branding Forecasting 246

Hotel Business

APRIL 24, 2024

Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there are 6,065 projects with 702,990 rooms in the pipeline. Presently, there are 1,144 projects comprising 141,336 rooms under construction, marking a 9% increase in projects and a 1% increase in rooms YOY.

Pipeline 64

Pipeline Construction Scale Forecasting 64

Hotel Business

NOVEMBER 10, 2022

At the close of the third quarter, Lodging Econometrics (LE) analysts report that the New York City market has a total of 102 projects/17,805 rooms in the construction pipeline, the fourth largest pipeline by rooms of any market in the U.S. Of the top 50 markets in the U.S., Of the top 50 markets in the U.S.,

Pipeline 52

Pipeline Construction Forecasting Market 52

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. That is reflected in the new hotel projects that have been delivered since 2020, with 64% of total rooms being in the midscale to upscale segment and 36% in the upper-upscale to luxury end of the market.”

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel Business

FEBRUARY 16, 2023

Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline. At the end of Q4 ’22, there were a total of 1,008 projects/135,492 rooms under construction in the U.S. for new construction as well.

Scale 99

Scale Pipeline Construction Real Estate 99

Hotelier Magazine

SEPTEMBER 5, 2023

In the Q2 ‘23 Global Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts state that the total global-construction pipeline stands at 14,572 projects/2,310,238, up three per cent year-over-year (YOY) by projects and one per cent YOY by rooms. PORTSMOUTH, N.H. — three are in China and one is in Saudi Arabia.

Pipeline 52

Pipeline Scale Construction Forecasting 52

Hotel Business

FEBRUARY 15, 2024

hotel construction pipeline reached its highest level for projects with 5,964 projects and 693,963 rooms. The extended-stay under-construction phase exhibited significant year-over-year (YOY) expansion, escalating by 40% in projects and 37% in rooms, culminating in 396 projects and 41,257 rooms at the close of Q4 ’23.

Pipeline 72

Pipeline Construction Hotels Branding 72

eZee Absolute

DECEMBER 7, 2023

Myth #5: Budgeting and demand forecasting aren’t important in revenue management When it comes to hotel revenue management, budgeting and demand forecasting play a crucial role. Demand forecasting, Budgeting, and revenue management are all interlinked. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hotelier Magazine

DECEMBER 14, 2023

experienced muted 2023 RevPAR growth relative to 2022 gains, most other global markets recorded extraordinary RevPAR growth, well above 10 per cent, primarily fuelled by strong ADR gains. After reaching a RevPAR peak in 2022, the market RevPAR is on pace to grow another 15 per cent in 2023, driven by strong growth in both occupancy and ADR.

Forecasting 52

Forecasting Cancellation Hotels Closing 52

Hotel Business

MAY 2, 2023

in international markets, compared to the same period last year. “International markets were particularly robust, with RevPAR growth of 63%. The company added approximately 11,000 rooms globally during the first quarter, including roughly 5,800 rooms in international markets and more than 2,700 conversion rooms.

Pipeline 105

Pipeline Forecasting Construction Market 105

Hotel Business

MAY 1, 2024

in international markets—compared to the 2023 first quarter. Our international markets were particularly strong, posting RevPAR gains of 11%, led by nearly 17% year-over-year [YOY] growth in Asia-Pacific excluding China. Managed hotels in international markets contributed nearly two-thirds of the incentive fees earned in the quarter.

Pipeline 64

Pipeline Construction Occupancy Revenue 64

STAAH

AUGUST 22, 2023

Anticipating your demand The first step to optimise for low occupancy periods is to understand when they happen – forecasting demand is critical to manage it. However, a better picture can be drawn if you look outside into the real world for this data – competitor rates, airline prices and even economic forecasts are important to consider.

Occupancy 77

Occupancy Forecasting OTA Revenue 77

Hotel Business

AUGUST 15, 2023

These are the central findings from the latest 2023 GBTA Business Travel Index Outlook – Annual Global Report and Forecast published by the Global Business Travel Association in collaboration with Visa. 2 business travel market in the world for the first time since 2014. 1 business travel market in the world by the end of 2023.

Business 52

Business Travel Forecasting Construction 52

Hotel Business

JUNE 22, 2023

The three top concerns for hospitality CFOs and senior management include interest rates, the looming recession fears, and the state of the hospitality labor market.”

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

Hotel Business

AUGUST 11, 2023

I was wandering around hotel construction sites at an early age and was introduced to people in the hotel industry throughout my childhood, so I was always in that style of environment. What are some trends you’re forecasting for the next few years? My passion for F&B came from my family.

Fair Share 52

Fair Share Hospitality Operations Forecasting 52

Hotel Designs

AUGUST 29, 2023

During each guest journey, the visitor will have touchpoints with a vast number of different technologies, and these systems are constantly evolving with new features and solutions emerging in the market, catering for the demands of existing consumers as well as for a younger generation of travellers coming through.

Hospitality 98

Hospitality Operations Travel Hotels 98

Hotel Business

FEBRUARY 14, 2023

in international markets. For the year, the company added more than 65,000 rooms globally during 2022, including approximately 40,000 rooms in international markets and nearly 17,500 conversion rooms. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. &

Pipeline 98

Pipeline Forecasting Revenue Market 98

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Marketing Strategies: impactful marketing is pivotal to capturing the attention of prospective guests.

Management 52

Management Hotels Operations Market 52

Xotels

SEPTEMBER 7, 2023

Running a successful hotel demands not only a passion for exceptional guest experiences but also a deep understanding of numerous intricacies to ensure revenue management, finance, marketing, and operations all keep running perfectly. Marketing Strategies: impactful marketing is pivotal to capturing the attention of prospective guests.

Management 52

Management Hotels Operations Market 52