Hotel Management

MARCH 30, 2023

Almost a year on from the opening of its first Australian property in Melbourne’s trendy inner-city suburb of Collingwood, and with another under construction in Bondi Junction, the brand is exploring further opportunities for growth – in dynamic metropolitan neighbourhoods. We’re not aiming to be this high-end lifestyle brand.

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Construction Branding Occupancy Business 246

Hotel Management

DECEMBER 20, 2023

Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. But in terms of the cost of construction, it doesn’t help to solve that at all. More and more so.

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Construction Shopping Pipeline Occupancy 267

Hotel Management

MAY 1, 2023

“As the Australian arm of Ascott, lyf Sussex Sydney and Oakwood Epping are part of our proven global strategy that is focused on delivering hospitality solutions that elevate the guest experience,” said Ascott Australia Managing Director, David Mansfield. Ascott is aiming for a mid-2025 opening.

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Retail Accommodation Branding Forecasting 246

Hotel Management

APRIL 6, 2023

A year on from opening in April 2022, boutique Queenstown hotel The Carlin is celebrating increasing occupancy amid a strengthening luxury tourism market locally. The post Keeping up with The Carlin: boutique Queenstown hotel builds momentum appeared first on Hotel Management.

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Dining Hotels Construction Occupancy 130

Hotel Management

OCTOBER 9, 2023

Minor Hotels is investing its New Zealand portfolio with major renovations taking place at key Oaks properties, as Minor Hotels Area Manager New Zealand, Jamie O’Donnell, explains. This will mean both front blocks will be in operation with unobstructed views, with all construction works occurring behind them.

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Events Construction Accommodation Tourism 130

Hotel Management

SEPTEMBER 7, 2023

General Manager Peter Minatsis discusses the latest iteration of the brand and what makes this particular hotel special. There were a lot of passionate people who wanted the property to remain as the Palace Theatre and the construction timeline was drawn out because of that. Are you seeing a positive response from locals since opening?

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General Manager Branding Construction Occupancy 147

Hotel Business

NOVEMBER 22, 2022

While occupancy through Q3 was 3.8 PwC now expects annual occupancy for U.S. Hospitality & Leisure managing director, PwC. Growth in both occupancy and ADR results in an expected year-over-year increase in RevPAR of 5.8%—approximately Through Q3, the U.S. Hospitality Directions: November 2022. In addition, as of Oct.

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Occupancy Construction Travel Hospitality 103

Hotel Management

MAY 2, 2023

New data from STR shows that the city had its best month on record for hotel occupancy in March with an average of 8,376 room nights occupied each night of the month, creating an all-time high of more than $60 million in revenue. The post AHICE draws over 1400 hospitality leaders to Adelaide appeared first on Hotel Management.

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Hotel Business

MAY 1, 2024

“Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Group RevPAR in the region rose nearly 5% YOY, with growth in both rate and occupancy.” Incentive management fees totaled $209 million in the quarter, a 4% increase compared to $201 million in the 2023 first quarter. “In the U.S. &

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Pipeline Construction Occupancy Revenue 64

Hotel Business

JUNE 12, 2023

Tisch Center of Hospitality and Boston Consulting Group (BCG) , recently collaborated on a survey of hotel owners, management companies and other industry stakeholders to gauge their sentiment and prospects for the hospitality industry. While inflation increases operating costs, it can also help accelerate room rate growth.

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Occupancy Construction Revenue Hospitality 52

SiteMinder

APRIL 17, 2024

In this blog we’ll give you a full guide to using Hotwire as a hotel manager. You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods. Maintain rate parity and manage your distribution. Robust data and analytics to guide your revenue management strategy.

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Hotels Revenue Revenue Management Occupancy 52

Hotel Business

JANUARY 24, 2024

Hotel Business spoke with renovation and repositioning specialist Tallal Bhutta, a leading authority on executing hotel conversions, and founder/CEO of BDB Construction Enterprise, who discussed the benefits of hotel conversions. How should hoteliers manage those? Where should hoteliers begin? Why should hoteliers look to conversions?

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Construction Hotels Shopping Occupancy 59

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 Nearly half of all Expedia members belong to one loyalty program or another,” said area manager Shannon Saines, “and some as many as nine programs. The government will work to increase the occupancy rate, “he promised, noting “20,000 extra rooms are coming to SA.”

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Tourism Hotels Real Estate Construction 130

Hotel Business

OCTOBER 25, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% compared to the same period in 2019, and management and franchise fee revenues increased 36.4% compared to the same period in 2019, and management and franchise fee revenues increased 31.3%

Pipeline 59

Pipeline Occupancy Revenue Branding 59

Hotel Business

FEBRUARY 7, 2024

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2019, and management and franchise fee revenues increased 38.5% compared to the same period in 2019, and management and franchise fee revenues increased 33.1%

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Pipeline Revenue Branding Occupancy 115

Hotel Business

JULY 26, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1% compared to the same period in 2019, and management and franchise fee revenues increased 30.8% compared to the same period in 2019, and management and franchise fee revenues increased 28.7%

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Pipeline Revenue Occupancy Branding 98

Hotel Management

DECEMBER 18, 2023

As debt and construction costs continue to prove challenging, we are finding that midscale and economy brands are quite appealing to investors as they require easier financing. This can mean lower breakeven occupancy rates, higher operating margins, and ultimately higher return on investment.

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Hotelier Magazine

JANUARY 23, 2024

A combination of factors plays into the scene, including an anticipation of construction costs and financing rates dropping, a renewed appetite for conversions, and a fresh interest in extended-stay properties and dual branding. It’s a growth story that’s being told across much of the franchised hotel scene right now. “In

Real Estate 59

Real Estate Branding Hotels Operations 59

Hotel Business

MAY 2, 2023

First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. Roughly 200,000 rooms in the pipeline were under construction as of the end of the first quarter. . & Canada and 63.1% “We are off to a great start in 2023.

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Pipeline Forecasting Construction Market 105

Hotel Business

FEBRUARY 16, 2023

Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. RevPAR grew 12%. System-wide rooms grew 4% year-over-year, including 1% in the U.S. and 9% internationally. billion compared to $1.2 billion in full-year 2021.

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Pipeline Revenue Construction Services 59

Hotel Management

MAY 10, 2023

HTL’s, David Simpson waded straight in, declaring that franchise agreements presented “great value for money” in the current environment, but had been held back in growth “due to a lack of white label management.” Leanne Harwood of IHG engaged diversity advocate Christopher Schiavello from his namesake construction company. Stay tuned.”

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Hotel Business

APRIL 27, 2023

Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. Adjusted EBITDA was $147 million compared to $159 million in first-quarter 2022, which included a $15 million contribution from the company’s select-service management business and owned hotels.

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Pipeline Revenue Construction Branding 52

SiteMinder

DECEMBER 1, 2022

What are the reasons to seek out hotel management and consulting firms? Hotel management and consulting go hand in hand in a number of situations that warrant the support of someone not full-time employed by the hotel. Asset management. New construction design. MBB Management. Acquisition and development.

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Hotels Business Occupancy Hospitality 59

Hotel Business

APRIL 24, 2024

Additionally, of the rooms in the development pipeline, 229,700 were under construction and 267,900 were located outside of the U.S. .” Other first-quarter highlights include: Diluted EPS was $1.04, and diluted EPS, adjusted for special items, was $1.53 compared to the same period in 2023. For the three months, diluted EPS was $1.04

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Pipeline Branding Construction Occupancy 64

Boutique Hotel News

MARCH 6, 2023

Blakeburn relocated to Cornwall in 2000 to join Rick Stein’s Seafood Restaurant before joining the team at Watergate Bay, where she quickly progressed from marketing manager to brand director. She delivers brand strategy, marketing, sales and guest experience through a cohesive, creative and commercial approach.

Real Estate 101

Real Estate Hospitality Construction General Manager 101

Hotel Business

APRIL 26, 2023

Overview For the three months ended March 31, systemwide comparable RevPAR increased 30% compared to the same period in 2022, due to increases in both occupancy and ADR, and management and franchise fee revenues increased 30.1% compared to the same period in 2022. from the same period in 2019.

Pipeline 59

Pipeline Construction Revenue Occupancy 59

Hotel Business

JULY 27, 2023

Awarded 60 new construction projects for ECHO Suites Extended Stay by Wyndham in July, including its first hotels in Canada, bringing the total number of contracts to 265. The international RevPAR growth was driven equally by stronger pricing power and higher occupancy levels. .” Highlights include: System-wide rooms grew 4% YOY.

Pipeline 52

Pipeline Revenue Construction Branding 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.” The top three factors driving RevPAR performance in 2023 are: 1. Leisure travel 2. Group travel 3.

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Net Operating Income Real Estate Consumer Hospitality 59

SiteMinder

AUGUST 29, 2023

For hoteliers, hotel costs encompass everything from the cost of construction, to the cost of insurance, to the everyday operational costs of establishing, running and ultimately growing a hotel business. Hotel construction costs The foundation of any hotel begins with its construction. What are hotel costs?

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Revenue Hotels OTA Operations 52

Hotel Business

FEBRUARY 15, 2024

Internationally, YOY RevPAR growth for both the fourth quarter and the full-year was primarily driven by higher occupancy levels. The company generated net income of $289 million compared to $355 million in full-year 2022, which included $37 million from the select-service managed and owned hotels. Diluted EPS was $3.41

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Pipeline Revenue Market Marketing 72

Boutique Hotel News

OCTOBER 27, 2022

Construction costs are crippling which is making development a huge challenge. Airport hotels are also being offered government contracts to house refugees, which could result in high occupancy levels. . IHM’s editor-in-chief, George Sell, then hosted a discussion about the future outlook for hotels and hospitality. . .

Hospitality 52

Hospitality Real Estate Hotels Events 52

Hotel Management

OCTOBER 3, 2023

Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.

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Scale Construction Average Daily Rate Hotels 130

SiteMinder

SEPTEMBER 8, 2022

As guests transition between areas, there should be ease and space for all occupants to move smoothly. However, when planning how a room is used, it also includes accounting for maximum occupancy, interconnectedness, and accessibility. In your hotel room, this may mean enough nightstand space for two or more. Premium or Superior room.

Occupancy 59

Occupancy Hotels Upsell Business 59

MBA Hotels

SEPTEMBER 12, 2018

According to Hotel Management, “The hotel industry is predicted to grow comfortably through 2018 and for the next two years. Major renovations and PIPs require skills to manage timing and storage of product deliveries as well as managing potential cash flow shortfalls should the renovation take longer than expected.

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Net Operating Income Average Daily Rate Closing Hotels 40

Hotel Operations

APRIL 15, 2023

Steven holds an MBA from the Kellogg School of Management and a BA from Wheaton College. The third one says they are constructing a cathedral for the Lord Almighty. As you look at the number of hotels, the number of rooms, and average occupancy, that’s hundreds of millions of guest nights.

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Scale Operations Hospitality Construction 64

Xotels

SEPTEMBER 7, 2023

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

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Management Hotels Operations Market 52

Xotels

SEPTEMBER 7, 2023

Whether you’re a senior hotelier or an entrepreneur in the hospitality sector, understanding what a hotel management company does is essential to thriving in today’s competitive hospitality landscape. Article Summary: What Do Hotel Management Companies Do to Help Hoteliers?

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Management Hotels Operations Market 52