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

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

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

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

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 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

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 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.

General Manager 147

General Manager Branding Construction Occupancy 147

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

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

SiteMinder

APRIL 17, 2024

As a hotel owner or operator, leveraging the Hotwire Extranet can be an incredibly valuable opportunity to grow your business. You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods. Hotwire.com operates on what’s known as an opaque pricing model.

Hotels 52

Hotels Revenue Revenue Management Occupancy 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

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

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 Real Estate Construction 130

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. During COVID, owners realized how much oversight was required to ensure maximum profitability at hotels.

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.

Pipeline 105

Pipeline Forecasting Construction Market 105

Hotel Business

JUNE 22, 2023

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

Boutique Hotel News

OCTOBER 27, 2022

The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. Construction costs are crippling which is making development a huge challenge.

Hospitality 52

Hospitality Real Estate Hotels Events 52

SiteMinder

DECEMBER 1, 2022

Most hotels do not need a TV-show inspired ‘hotel inspector’ on their doorstep to transform their operations, but hotel leaders everywhere require help sometimes, even industry veterans. New construction design. Operations analysis, (re)designing an optimally functioning servicescape and process improvement. Asset management.

Hotels 59

Hotels Business Occupancy 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?

Revenue 52

Revenue Hotels OTA Operations 52

Hotel Business

FEBRUARY 21, 2023

Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In Removal of 18,100 rooms (96 hotels); includes the impact of ceasing all operations in Russia, resulting in the removal of 6,500 rooms (28 hotels), equivalent to 0.7% for full-year 2022 vs. 2019. YOY Fee margin of 56.2%, +6.6%

Pipeline 52

Pipeline Scale Occupancy Resorts 52

Hotel Business

OCTOBER 26, 2023

leisure demand, and international occupancy continued to recover. International RevPAR growth was driven by higher occupancy levels and stronger pricing power in connection with COVID recovery, and compared to 2019 grew 45% on a constant-currency basis, a 120 basis point acceleration from second quarter 2023 growth.

Pipeline 64

Pipeline Market Share Revenue Branding 64

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

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. Approximately two-thirds of this increase is driven by stronger pricing power, while the remainder is driven by higher occupancy levels. and 9% of growth internationally.

Pipeline 52

Pipeline Revenue Construction Branding 52

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. Full-year 2022 operating results Fee-related and other revenues was $1.4 RevPAR grew 12%. and 9% internationally. billion compared to $1.2

Pipeline 59

Pipeline Revenue Construction Services 59

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

Cloudbeds

DECEMBER 12, 2023

Whether you’re in marketing, sales, or operations, it’s imperative to continuously learn about best practices for operating more efficiently and meeting new guest demands. BITAC Operations 2024 Date: April 14 – 16 Location: Savannah, Georgia, USA. Why attend hospitality events? Who should attend? Why attend?

Tourism 98

Tourism Events Hotels Operations 98

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.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Business

FEBRUARY 15, 2024

Net cash provided by operating activities of $376 million and free cash flow of $339 million for the full year. Internationally, YOY RevPAR growth for both the fourth quarter and the full-year was primarily driven by higher occupancy levels. Full-year 2023 diluted EPS of $3.41 and 7% internationally.

Pipeline 72

Pipeline Revenue Market Marketing 72

Boutique Hotel News

MARCH 6, 2023

She started her career in hotel operations, moving into sales and marketing in Austin, US, where she realised working in hospitality and helping people was the path she wanted to follow. She has big plans for sustainability across the company and Native aims to be Net Zero carbon as an operation by 2030.

Real Estate 101

Real Estate Hospitality Construction General Manager 101

MBA Hotels

SEPTEMBER 12, 2018

According to STR, high occupancy levels should provide leverage to achieve attractive ADR increases for the next two years in select markets” If you have been considering investing in a hotel purchase, now is a great time to do so. New construction also carries far greater risks than buying a performing hotel.

Net Operating Income 40

Net Operating Income Average Daily Rate Closing Hotels 40

MediaBoom

MARCH 14, 2024

Reputation management involves addressing negative reviews in a professional and constructive manner, offering solutions, and demonstrating your commitment to improvement. By tracking demand trends, booking patterns, and competitor pricing, hotels can adjust their rates dynamically to maximize occupancy and revenue.

Digital Marketing 64

Digital Marketing Services Market Marketing 64

Boutique Hotel News

OCTOBER 28, 2022

The United Arab Emirates, Saudi Arabia, Kuwait, and Oman will all be operating daily shuttle flights to ferry fans to the host country. Dubai is in pole position, with demand for accommodation soaring, and will be operating almost 50 shuttle flights every day to Doha, which is less than an hour away by air.

Tourism 52

Tourism Accommodation Events OTA 52

Clock Software Hospitality

FEBRUARY 2, 2021

Further, in some countries, social distancing guidelines are also being discarded, allowing businesses to operate at full capacity at the risk of infection level spikes. Read more: How to Maximize Hotel Revenue During an Occupancy Drought Creating a sustainable hygiene model can help resolve both of these issues.

Hospitality 52

Hospitality Services Upsell Business 52

Boutique Hotel News

JANUARY 27, 2023

Z is for zero carbon Probably the biggest issue facing the real estate sector – and by extension travel and tourism – is reaching net zero carbon, both in construction and operationally. Governments have set targets, and consumer behaviour is changing, albeit slowly and hampered by the cost of living crisis. ” P S.

Real Estate 52

Real Estate Hospitality Accommodation Consumer 52

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 Operations 69

Cloudbeds

APRIL 9, 2024

The hospitality industry has been notoriously slow to innovate, relying on outdated, siloed systems that make running day-to-day operations a struggle. This adaptability ensures that whatever your specific needs might be, there’s a seamless way to integrate solutions that enhance operational efficiency. What is an API?

Upsell 52

Upsell Revenue Management Operations Revenue 52