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CBRE predicts 2025 will be a ‘pivotal year’ for growth and investment in Australia’s hotel sector

Hotel Management

National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8% With major events, premium hotel openings, and infrastructure projects in the pipeline, the outlook for the Australian Hotel sector remains positive.

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Hilton exceeds expectations in Q4, FY2024

Hotel Business

We also delivered the highest number of approvals, construction starts and openings in our history in 2024, helping us achieve net unit growth of 7.3%. With a development pipeline of nearly half a million rooms, we are confident that we are well positioned to deliver net unit growth between 6% and 7% in 2025.”

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Marriott reports Q4 RevPAR growth of 5%, boosted by int’l markets

Hotel Business

from year-end 2023 At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,800 properties and more than 577,000 rooms The company returned more than $4.4 “The company signed a record number of new deals, and our industry-leading development pipeline reached more than 577,000 rooms at the end of the year.

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Marriott achieves 4.1% global RevPAR growth in Q1

Hotel Business

At the end of the quarter, Marriott’s worldwide development pipeline totaled approximately 3,800 properties and more than 587,000 rooms, up 7.4% Owned, leased and other revenue, net of direct expenses, totaled $65 million, compared to $71 million in the 2024 first quarter. from the end of the first quarter of 2024.

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Terra, Turnberry secure $392M loan for Grand Hyatt Miami Beach

Hotel Business

Terra and Turnberry , two South Florida real estate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.

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Hilton reports RevPAR growth of 2.5% in Q1

Hotel Business

Approved 32,600 new rooms for development, bringing the development pipeline to 503,400 rooms as of March 31, representing growth of 7% from March 31, 2024. Management and franchise fee revenues increased 5.1% .” First-quarter highlights include: Adjusted EBITDA was $795 million. from March 31, 2024.

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Exclusive: Radisson development boss Ramzy Fenianos talks SEAP growth strategy

Hotel Management

Vietnam has also been a focus, with four hotels already open and eight in the development pipeline, including upcoming openings in sought-after coastal locations such as Mui Ne and Hoi An, along with the signing of the first Radisson Red in Danang. This expansion aims to tap into new market segments and create opportunities for growth.

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