Remove Consumer Remove Occupancy Remove Pipeline
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‘Promising opportunities’: Ascott Australia MD David Mansfield’s New Zealand outlook

Hotel Management

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. Looking ahead, we have several exciting opportunities in the pipeline.

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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. construction pipeline at Q1. This is the fourth consecutive quarter of total pipeline growth for the U.S., There are no growth spikes expected this year.

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HMas are out, franchise agreements are in, Axsia HTL reports

Hotel Management

“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. Hobart, Melbourne, Adelaide, and Perth have seen an influx of new stock over the past three years,” Simpson said.

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Analysis: what investors want in South East Asia, according to JLL’s APAC chief

Hotel Management

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. There is some stress in the market which can favor incoming investors, and a slowdown in the development pipeline helps reduce the high level of supply growth.

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Canadian Hotels Report Record-High ADR for 2023

Hotelier Magazine

In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 Due to weakness in the broader economy, consumers have started reining in discretionary spending. For 2024, occupancy is forecasted to contract 1.4 Among the major markets, Vancouver saw the highest occupancy (78.5

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International gains spark Wyndham’s Q3 RevPAR growth

Hotel Business

We awarded 10% more franchise contracts domestically this quarter, driving 5% growth in our development pipeline. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillary revenues increased 8% compared to third-quarter 2023. Key highlights include: 7% growth in the U.S.

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From the Editor: The Investment Quotient

Hotelier Magazine

For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. And while the pandemic certainly decimated the industry in 2020, as soon as consumers got the go ahead to travel once again, the rebound was quick and dramatic.