Hotel Business

AUGUST 21, 2023

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. This compares to all U.S.

Occupancy 98

Occupancy Hotels Revenue Branding 98

Hotel Management

JUNE 18, 2024

President and Managing Director of International Operations, Barry Robinson, told HM. What we have found over the time is that our business has been pretty stable through good and bad times – our occupancies don’t really fluctuate, our sales velocity has been quite consistent,” Robinson said. “It’s

Business 264

Business Real Estate Sales Travel 264

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. Then there’s a couple of shops on either side of our lobby which are intended for hospitality operators. More and more so.

Construction 267

Construction Shopping Pipeline Occupancy 267

Hotel Management

JULY 18, 2024

Real estate experts from Savills have highlighted opportunity for property developers and accommodation operators in Christchurch as visitation and population growth rise. We are focusing on a range of strategic hotel developments in the central city,” said Savills’ Director of Commercial Sales and Hotels in Christchurch, Norman Engel.

Real Estate 130

Real Estate Motels Construction Occupancy 130

Hotel Business

MAY 16, 2025

Occupancy and ADR are predicted to rise by 14 bps and 1.2% This represents slightly softer growth than had been anticipated in CBREs February forecast, which projected 2% RevPAR growth, based on a 21-bps boost in occupancy rates and a 1.6% CBRE forecasts a 1.3% year-over-year, respectively. increase in ADR.

Forecasting 64

Forecasting Construction Occupancy Travel 64

Hotel Management

OCTOBER 3, 2023

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands.

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Scale Construction Average Daily Rate Hotels 130

Hotel Management

SEPTEMBER 5, 2024

The operator recorded an increase of 1.5 occupancy points to 70.7% occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0 occupancy points as a result of increased leisure demand and group business. occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0

Occupancy 130

Occupancy Tourism Travel Events 130

SiteMinder

JUNE 5, 2025

What is hotel construction? Hotel construction refers to the process of designing, planning, financing , and building new hotel properties, or significantly renovating existing ones. Table of contents Why does hotel construction cost so much? Construction projects are notoriously prone to overruns.

Construction 52

Construction Management Hotels Operations 52

Hotelier Magazine

FEBRUARY 10, 2025

Strong operating performance and investor confidence contributed to the sectors continued momentum, particularly in metropolitan markets. Overall occupancy levels remained flat, increasing by just 0.1 Despite topline revenue growth, profitability was slightly impacted by rising operational costs. per cent year-over-year.

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 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. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel Management

OCTOBER 3, 2024

Hybrid spaces that can host large conferences and provide exceptional leisure experiences are on the rise, allowing owners to maximize occupancy and rates throughout the week. Owners are responding to the growing need for properties that cater to both business and leisure travellers to accommodate the popular “Bleisure” trend.

Events 130

Events Construction Occupancy Accommodation 130

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.

Dining 130

Dining Hotels Construction Occupancy 130

Hotelier Magazine

MAY 15, 2025

Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. Laport noted Concord has eight hotels under construction, while Toor is building strategically in high-barrier markets.

Real Estate 52

Real Estate Hotels Operations Sales 52

Hotel Business

FEBRUARY 11, 2025

He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. Marriott’s reported operating income totaled $752 million in Q4, compared to Q4 2023 reported operating income of $718 million. . “Full-year global RevPAR rose 4.3% to more than 1.7 RevPAR in the U.S. &

Market 64

Market Marketing Pipeline Branding 64

Hotel Business

MARCH 4, 2025

With more than two decades of experience in hospitality and academic leadership, Barker has held an endowed professorship at the Chaplin School of Hospitality and Tourism Management at Florida International University and also served as an operational manager for the Four Seasons in Philadelphia and Miami.

Hospitality 66

Hospitality Tourism Pipeline Construction 66

Hotel Management

OCTOBER 9, 2023

Oaks Wellington Hotel is one of our full-service hotels and I was fortunate to manage the building during the construction and launch phase in September 2019. This will mean both front blocks will be in operation with unobstructed views, with all construction works occurring behind them.

Events 130

Events Construction Accommodation Tourism 130

Hotel Management

SEPTEMBER 7, 2023

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. We were happy to get a couple of operational weeks under our belt before we hit 100% occupancy over Formula One, and we had some pretty high rates as well.

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General Manager Branding Construction Occupancy 147

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. The operating model for extended stay is often more cost efficient, with properties requiring less changeover and lower demand on housekeeping.

Branding 200

Branding Consumer Events Services 200

Hotel Business

APRIL 25, 2024

Net cash provided by operating activities of $76 million and adjusted free cash flow of $102 million. the company lapped the most difficult YOY comparisons during the first quarter, resulting in a decline of 440 basis points in occupancy and 50 basis points in ADR. and 8% internationally. and growth of 14% internationally. In the U.S.,

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotelier Magazine

JULY 30, 2024

. — The Honourable Patty Hajdu, Minister of Indigenous Services, alongside Chief Darcy Bear of the Whitecap Dakota Nation, recently announced $15 million to support the construction of Dakota Dunes Thermal Spa, the first thermal-style spa in Saskatchewan. The total cost of the project is expected to reach $52 million.

Resorts 52

Resorts Construction Casinos Services 52

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 Dora Stilianos of Baker McKenzie moderated the next Operators Outlook panel where – again – the staff and training challenges were raised from the outset by IHG’s Matt Tripolone. South Australia is the place to be,” she said. His airline, by the way, is adding new planes.

Tourism 130

Tourism Hotels Construction Real Estate 130

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.

Pipeline 105

Pipeline Forecasting Construction Market 105

Hotel Business

FEBRUARY 14, 2023

With the exception of Greater China, RevPAR in all regions more than fully recovered and continued to show meaningful advances in occupancy and ADR. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. & worldwide, 23.6% in the U.S. & worldwide, 5.2%

Pipeline 98

Pipeline Forecasting Market Marketing 98

Hotel Business

JUNE 12, 2023

The resulting white paper, titled “Hotel Borrowing Costs are Rising—But So Are Occupancy Rates,” projects positive outcomes based upon rising demand that will bolster key industry metrics, such as occupancy rates, ADR and RevPAR, while new construction is down to 2015 levels. “We

Occupancy 52

Occupancy Construction Revenue Hospitality 52

eZee Absolute

DECEMBER 7, 2023

If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate. 100% occupancy rate and better revenue. Many hoteliers wait for their hotel to start operations and then go for services like revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Travel Media Group

MARCH 31, 2025

Utilizing different things sourcing because the cost has risen, the operational costs, the margins are becoming very thin for hoteliers right now. There’s different levers and polls and so many aspects that impact occupancy a DR including variables like natural disasters and how those play a role.

Hotels 52

Hotels Marketing Market Events 52

Boutique Hotel News

JUNE 28, 2023

UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at its Piccadilly property. Today, Z Hotels operates 14 sites throughout London, Bath, and Glasgow, offering 1,710 bedrooms.

Occupancy 52

Occupancy Hotels Construction Consumer 52

Hotel Operations

APRIL 15, 2023

The third one says they are constructing a cathedral for the Lord Almighty. If you think about every aspect of the hotel operation, you see just how much the little things matter. We have around 90,000 monthly active hotel operations users today. The first one says they are laying bricks.

Scale 64

Scale Operations Hospitality Construction 64

Hotel Business

JULY 31, 2024

Group RevPAR rose nearly 10% year-over-year, with both rate and occupancy increasing in the mid-single digits. Over 209,000 rooms in the pipeline were under construction as of the end of the second quarter. . & Canada, second-quarter RevPAR grew nearly 4%, with all customer segments growing versus the prior year quarter.

Pipeline 59

Pipeline Construction Operations Branding 59

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.” Marriott’s reported operating income totaled $876 million in the quarter, compared to 2023 first-quarter reported operating income of $951 million.

Pipeline 64

Pipeline Construction Occupancy Revenue 64

Hotel Management

MAY 10, 2023

Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”. Leanne Harwood of IHG engaged diversity advocate Christopher Schiavello from his namesake construction company. And as for timeshare in cruising?

Market 130

Market Marketing Branding Events 130

Hotel Business

NOVEMBER 2, 2023

Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise.” Approximately 238,000 rooms in the pipeline were under construction as of the end of the third quarter. Of our record 557,000-room pipeline, 43% is under construction.” billion to $4.5

Pipeline 69

Pipeline Construction Revenue Sales 69

Hotel Business

JULY 18, 2024

increase in occupancy. “Operating costs are expected to rise further. However, operating expenses, especially labor costs, are especially high in these top markets and it is getting more difficult to drive profits, leaving less than half of the top markets to grow GOPPAR this year.” increase in ADR and 0.8%

Occupancy 52

Occupancy Revenue Travel Operations 52

Hotel Business

SEPTEMBER 19, 2024

Borrowers seeking SOFR-based construction and bridge loans will experience an immediate benefit from today’s 50bps rate reduction,” said Charlie Ryan, SVP, capital markets, Hunter Hotel Advisors. Operating results at the property level have remained surprisingly strong through the summer despite headwinds.

Real Estate 111

Real Estate Market Marketing Business 111

Hotel Designs

AUGUST 29, 2023

Whether voice control becomes the norm is debatable, given the obvious privacy concerns, but there are solutions that provide this option if operators so wish. The number of technical systems that go into the operation of a hotel is vast. In all scenarios, the technology must be well thought through and support the user experience.

Hospitality 98

Hospitality Operations Travel Hotels 98

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. Where should hoteliers begin? Why should hoteliers look to conversions? How should hoteliers manage those?

Construction 59

Construction Hotels Shopping Occupancy 59

STAAH

MARCH 14, 2023

This includes addressing any negative feedback in a professional and constructive manner. 5) Monitor your performance: Track the performance of your listings, including occupancy rates, revenue, and guest reviews. Maintain a high rating by consistently providing a great experience for your guests.

Management 97

Management Hiring Services Marketing Strategy 97