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DALLAS, Texas—G6 Hospitality, the parent company of Motel 6 and Studio 6, announced the launch of the new My6, a revamped consumer app with an advanced AI personalization feature for customers.
STR’s latest data market report shows September 2024 occupancy was stable despite slowing growth, standing at 72.7% Year-to-date occupancy across the country was at 70.4% Hotel occupancy is a key economic indicator,” said Goodwin. up just 0.6% on September 2023 (72.1%). compared to 68.7% in the first nine months of 2023.
Strong loyalty programs help hotel brands lower customer acquisition costs, increase direct-to-consumer access, and offset occupancy shortfalls during shoulder periods and weaker economic conditions.
Skift Take: Rising supply is a good as long as there is demand at a price that consumers are willing to pay. If not, we are looking at a softening market. Srividya Kalyanaraman Read the Complete Story On Skift
Australia’s hotel sector, whilst choppy, continues to demonstrate remarkable resilience with national occupancy rates at 71% and RevPAR up 3.8% Scott Boyes, Trilogy Hotels Sydney leads the recovery charge with occupancy at 78% and RevPAR growing to an impressive $215, making this market our standout performer.
A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls during an economic downturn, according to a recent CBRE report.
Sport, in particular, is proving to be a powerful catalyst for weekend occupancies, and with the British and Irish Lions rugby tour set to take place over winter, we expect this trend to gain even more momentum. With growing consumer confidence, we have strong optimism for hotel performance throughout the remainder of 2025, Williams said.
Rising inflation, soaring interest rates and economic uncertainty are causes for concern for consumers across the globe. In her more than 20 years with Accor, including as Chief Commercial Officer for Accor Northern Europe throughout the pandemic, Lamouche has observed a plethora of consumer travel trends. Lamouche explained.
and occupancy also ticking up slightly. Regional highlights: The Northeast and Central regions led the country in occupancy growth at 1.3%, as cities like New York, Chicago and Nashville benefited from both leisure and business travel. The report notes a modest decline in consumer travel spending, with lodging down 2.5%
These consumers seek out exclusivity, sophistication, and prestige in the products and services they choose to indulge in. We will explore the ways to identify and engage luxury consumers, with a specific focus on affluent customers who are seeking high-end products and experiences. What Values Drive Your Luxury Brand Target Audience?
This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?
The occupancy projection for this year was lowered 0.2% downgrade in occupancy coupled with a 0.7% A halting economy will limit gains in lodging demand, though we continue to anticipate returning group and business activity, international travel, and consumers’ desire for travel will sustain modest growth in room nights sold.”
Skift Take: This might be the summer of travel, but the economic uncertainty still has consumers choosing value above anything else. Srividya Kalyanaraman Read the Complete Story On Skift
Consumer sentiment has been a bit hesitant, and we did experience a slowdown in demand during the second quarter. Our properties are performing well, with solid occupancy and rate performance. In New Zealand, we’re navigating a landscape filled with both challenges and promising opportunities.
Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels. These rooms are then resold to various travel distributors, such as OTAs, tour operators, and travel agents, who then offer them to end consumers.
“STR’s 2024 outlook data suggests all of Australia’s capital cities are experiencing strong ADRs through the end of 2023 and that this is set to continue into the coming year, with occupancies following,” said Simpson.
WASHINGTON — After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. July 2024 (percentage change from 2023) Occupancy: 75.2 Though most segments grew year over year, group occupancy continued to decline, down 8.5 per cent (down 0.4
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. With the advancement of tech, data analytics, and changing consumer behavior, you may not need to lean on aggressive discounts to drive performance.
In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. While still early days in 2024, high-rate growth in recent years and occupancies continuing to rise should sustain interest in Southeast Asia hotels.
Australia and New Zealand’s hospitality sectors led the world in terms of occupancy in 2024, achieving occupancies of 78.1% New Zealand entered a recession in the third quarter of 2024, and apart from Queenstown, occupancy and rates have been constrained. in the US, 71.2% in Europe and 65.1% in the Middle East.
Outsourcing valet services frees hotels from operational stress, enhances guest experience, reduces claims, and unlocks commercial opportunities, supporting premium pricing and increased occupancy through seamless, professional, and a trusted service delivery by experts. Q: Tell us about the services you offer hotels.
A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls during an economic downturn.
decrease in occupancy, which was driven in part by a 1.3% Despite solid wage growth, declining airfares and improving consumer sentiment, RevPAR growth declined for the third straight month in Feb. While consumers have the means to travel, dwindling COVID savings and below-average savings rates could be a headwind going forward.
WASHINGTON — After four consecutive months of year-over-year declines, Canada’s hotel industry reported an increase in occupancy, according to CoStar’s April 2024 data. April 2024 (percentage change from 2023): Occupancy: 64 per cent (up 2.7 Occupancy in the segment also stood out, up 3.7 per cent), which was 4.2 per cent to 60.9
With consumer behaviours evolving, and the lines between tech platforms, marketing, and operations blurring, a modern strategy goes far beyond just listing rooms on online travel agents (OTAs). A drop below 30% occupancy? Choosing and Managing Your Channel Mix 8. STAAH as Your Partner in 2025 and Beyond 9. No more repetition.
Time-Consuming Manual Updates Manually updating availability and pricing across multiple OTAs every time theres a booking or rate change can be incredibly time-consuming and prone to human error. Dynamic Pricing Flexibility: Adjust your rates based on demand, occupancy, or market trends without manual updates.
This alignment of incentives fosters cooperation between utility providers and business consumers to identify energy reduction opportunities. Stakeholder demand amplifies this shift, as investors, consumers and employees increasingly expect organizations to prioritize sustainability. According to the U.S. This is almost half the 6.6%
UK hotel occupancy rates were up from 56.1 Occupancy levels are yet to reach pre-pandemic volumes of 69.6 That means that consumer spending will also probably drop after the one per cent q/q fall in Q3 2022.” to £196.26 in London. per cent in January to 64.3 per cent in February, and increased from 57.7 per cent to 63.8
RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% hotel performance to weaken when economic growth is resilient and consumers are spending at record levels,” said Michael Nhu, senior economist and head of global hotels forecasting, CBRE. The company forecasts 3.0% ADR increase.
Nicole Nguyen from CBRE pointed to a key challenge: “the battle of supply versus demand,” adding with 470,000 hotel rooms and peak national occupancy hovering at 66 per cent, the industry needs to unlock new off-season demand. Emile Gourieux from STR addressed economic volatility and shifting consumer behaviour.
The market, also hosting the Phoenix Open this week, is projected for Friday through Sunday night occupancy of 94% and average daily rate (ADR) of $445. more supply in the market, a unique volume of demand is forecasted to push occupancy slightly higher than Phoenix’s last host year in 2015 (93.7%). Even with 11.7%
Real-time two-way sync with connected channels and systems meant no more discrepancies, overbookings, or time-consuming manual mapping. The pooled inventory model ensures that every room is available to sell across all platforms simultaneously maximising occupancy and reducing spoilage.
“In tandem, we launched our ‘Hilton Garden Inn Gen A’ regional prototype for Greater China, a nod to evolving consumer and owner preferences.” lift in RevPAR was recorded in Q2 compared to the same period in 2023, while occupancy averaged 69.5% in the region during the quarter.
A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls during an economic downturn, according to CBRE. Loyalty members can help drive occupancy during off-peak periods or weaker economic conditions.
So you’re either adding it to the consumer or you’re reducing your costs.” occupancy growth. occupancy growth this year. Theyre looking at consumer businesses and saying travel is the standout class let’s go for it. Business hurdlesor opportunities? The PwC hotel forecast for 2025 shows 1.9%
International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. As borders reopen, a surge in urban hotel performance is expected, benefiting both performance and liquidity.
Economic headwinds have impacted business and consumer confidence, and government spending has also been reduced. The Auckland market will need more than just the NZICC to see occupancy rates recover to near previous levels particularly considering the supply currently under construction.
Hotels that cater to these guests by offering themed packages, sports-viewing lounges, wellness options for athletes and shuttle services to venues are standing out from competitors and driving increased occupancy and revenue. Furthermore, sportspitality aligns with a broader shift in consumer behavior toward experience-driven travel.
Consumer uncertainty triggered by trade tensions – compounded by a global rise in costs of living, political tensions and stricter travel advisories – may be weighing slightly on hotel demand at the moment. Much of this is being buoyed by a continuation of consumer prioritisation of travel.” “You just saw a kind of trickle down.
Get the full story at Search Engine Roundtable Related must-reads How Europeâs hotels thrive with smarter distribution - Multi-channel strategies and online travel platforms are helping small, independent hotels boost visibility, increase occupancy, and improve profitability across Europe. weve got you covered.
June 2024 (percentage change from 2023) Occupancy: 74.5 per cent) Among the provinces and territories, Newfoundland recorded the highest occupancy level (82.8 Among the major markets, Toronto saw the highest occupancy (84.7 Among the major markets, Toronto saw the highest occupancy (84.7 per cent (up 0.5 below 2023.
increase in occupancy. People have already spent a significant portion of their pandemic-era savings, and on top of that, the lingering inflationary pressures are putting a strain on discretionary spending, especially for more price-sensitive consumers.” this year, representing 115% of pre-pandemic levels in 2019.
The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. Average occupancy in 2023 was 49.1%, a 3% increase YOY and 19% higher than 2019 levels. For the U.S.
Ability to leverage occupancy information through the property management system (PMS) and can optionally be expanded to deliver additional services. The report, based on 223 million digital sessions and a survey of 4,000 consumers, reveals that: 91% of consumers had at least one frustrating digital experience in the past year.
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