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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

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.

Scale 130
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LE: U.S. construction pipeline rises in all project stages

Hotel Business

In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. At the close of the first quarter, projects currently under construction stand at 1,051 projects/140,365 rooms, each showing 9% growth YOY. construction pipeline at Q1.

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Exclusive: Veriu Group CEO talks Collingwood success, mixed-use developments, office conversions and more

Hotel Management

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.

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New Zealand hotel investment set to ‘bounce back strongly’ as offshore interest grows, JLL reports

Hotel Management

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.

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The Brit List top 25 Architects of 2024

Hotel Designs

Applying her unique style across a range of building typologies, geographies and scales she re-engages in an approach that carefully addresses each project from an in-depth consideration of the detail to the overall massing strategy. Past projects have included the Natural History Museums Earth Sciences Centre.

Scale 52
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9 Common Myths About Hotel Revenue Management. Let’s Debunk Them.

eZee Absolute

I was wondering how come they have not been able to scale. 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. In 2019, I was in Matheran.

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Hilton reports 12.6% ’23 RevPAR jump; partners with SLH

Hotel Business

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 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.7% for the fourth quarter and $4.33 For the year ended Dec.

Pipeline 115