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CoStar reports occupancy levels of 78.8% Following the markets seasonal pattern, New Years Eve pushed Sydneys daily ADR (AUD854.38) and RevPAR (AUD807.62) to record highs, while occupancy was 94.5% the highest level in the metric in December, CoStar said. for December 2024, up 2.1% and AUD482.35, respectively.
Perth hotels are experiencing a strong resurgence in bookings, with the Australian Hotels Association (WA) reporting that the west coast city reached the highest occupancy rates in the country in 2024. From January to December 2024, metropolitan Perth hotels achieved an average occupancy level of 79.4% a 3.9%
Live events drive more bookings and boost hotel profits, but to foster long-term loyalty, hotels must prioritise creating unforgettable guest experiences. Live events – whether a concert, sports tournament, or major cultural festival – are game-changers for the hospitality industry and local economies.
Throughout the event, which ran from May 24 through to June 15, occupancy rates stayed strong despite unfavourable weather conditions, with hotels reporting 75% occupancy on weeknights and up to 90% on weekends. The post Hotels enjoy strong occupancy levels in Vivid Sydney’s 14th year appeared first on Hotel Management.
Nuell said the partnership over the past three years has resulted in more Marriott Bonvoy sign ups, increased brand awareness and increased hotel occupancy and revenue in the company’s 10 Melbourne hotels. “The We operated at high occupancy throughout the tournament, and are currently pacing in line with last year.
In the case of hospitality, that means understanding what event planners and travelers are looking for from their venues, but it also means understanding how venues are being selected, how and where rooms are being booked, current rates, and more.
Magic Round is more than a sports event its a city-wide celebration that puts Brisbane on the national stage, said Accor Pacific Chief Operating Officer, Adrian Williams. The post Accors Brisbane hotels kick occupancy goals for footy weekend appeared first on Hotel Management.
The New South Wales government has vowed to increase support for tourism, nightlife and major events in the state budget, announced on Tuesday, marking a positive outcome for the hotel sector, according to Accommodation Australia NSW General Manager, Stacey McBride. Any investment in events is an investment in the visitor economy.”
Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”
This years event is expected to draw record fan numbers an bring an increase of up to 10% in Melbourne city hotel room bookings, across main tournament days, according to Accommodation Australia. The occupancy boost is welcome news as hoteliers seek to match a high performing Q1 2024.
The influx of visitors attending these sold-out events has significantly boosted hotel bookings across Melbourne and Sydney, providing a major boost to each city’s visitor economy,” Williams said. We all know that big events draw in people and hotels, pubs, restaurants and everyone down the chain benefits.
This event not only marked Coldplay’s debut in India but also set a new record for the most stadium concerts by a band in the 21st century. The surge in hotel bookings during these high-profile events highlights how live concerts act as powerful economic drivers for cities. Many hotels were fully booked months in advance.
Skift Take: Increased occupancy rates for cities hosting campaign stops in advance of the 2024 U.S. This unexpected trend invites further examination into how hotels and agencies can analyze data to set up smart, dynamic pricing strategies for one-time events. Onyx CenterSource Read the Complete Story On Skift
Hotels in Sydney and Melbourne are benefitting from an influx of interstate visitors for their respective public holiday weekends with major sporting events taking place across the two cities. Northerners keen to see in the AFL on Saturday have also boosted Melbourne hotels with around 80% occupancy for both Friday and Saturday nights.”
Melbourne hotels are gearing up for a bumper weekend with Australias largest motorsport event, the Formula 1 Australian Grand Prix, coming to town. At Accor, occupancy is significantly up on last year over the entire weekend at its 51 hotels across Melbourne (8,781 keys), with its busiest night being Sunday, up 7.3% on last year.
Melbourne hotels are enjoying an autumn renaissance with 41% growth in bookings, driven by events such as the Melbourne International Comedy Festival and a series of high-profile AFL games, making the Victorian capital a must-visit destination over the Easter holiday period.
Melbourne hotels are gearing up for a bumper weekend with Australias largest motorsport event, the Formula 1 Australian Grand Prix, coming to town. Marriott International has reported high occupancy levels this week across its 10 Melbourne hotels, up 6% year on year.
Skift Take: Industry experts are very bullish on the revenue growth of premium hotels owing to better operational parameters, largely due to domestic demand and global events like the G20 Summit and the Cricket World Cup 2023. Amrita Ghosh Read the Complete Story On Skift
Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% year over year to AU$179.18. yoy to AU$191.25.
Article - Local Events Drive Record Sydney Hotel Performance for May - The Vivid Sydney festival and sporting events significantly boosted hotel occupancy and revenue.
Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne. It’s exciting for us.
Group bookings are calculated using occupancy and average daily rate (ADR). The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.
In Auckland there is an increased supply of hotel rooms that has impacted the numbers, while the city would benefit from a greater number of major events, Anderson said.
Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. 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%
Marriott Bonvoy is celebrating a successful Australian Open as the events official accommodation partner for the fourth year running, with increased occupancy at its 10 Melbourne hotels, enhanced brand awareness and greater member engagement.
Given its proximity to the event, located just 1.6kms from Melbourne Park, Sofitel Melbourne On Collins is popular during the Australian Open, with many rooms offering views over the precinct. Over the first weekend of the Australian Open, Melbournes luxury hotels saw a 9% increase in occupancy, Leroy told HM , quoting STR data.
Events and attractions draw people into cities and it’s great for our industry. This year, Johnson explained, while there is demand for weekend bookings, occupancy during the week is softer than expected. At InterContinental Sydney, however, the team is seeing strong occupancy across the board. They do such a fantastic job.”
For example, Cloudbeds Intelligence analyzes billions of future-looking data points, including competitor rates, events, holidays, and search information, combined with a property’s own data to understand how every combination impacts profit. Why it’s important for hotels? Why it’s important for hotels?
Fiji Deputy Prime Minister and Minister for Tourism and Civil Aviation, the Honorable Viliame Gavoka, will be among the keynote speakers at this year’s event, with Tourism Fiji CEO Brent Hill leading a presentation on the Fiji Tourism Industry Outlook. Register for the 2024 event now. View the 2024 program here.
Trip cancellations throughout December resulted in a sharp drop in occupancies, from mid-70% down to 30%, equating to millions of dollars of lost revenue, according to Accommodation Australia CEO, Michael Johnson.
Major events like these are a boon for hotels and a huge boost for the visitor economy. Sydney hotels are already at 84% occupancy for The Eras Tour long weekend, according to Accommodation Australia. Whatever you think of her music, everyone in NSW should be thanking her for coming.”
Event-Driven Travel: Travelers are increasingly planning trips around specific events, such as sports tournaments, cultural festivals, and concerts. We recognise this trend and are increasingly looking to partner with major events and stage shows to create memorable experiences for our guests. in the US, 71.2%
Over 550 hotel industry professionals descended on Wellington’s new Takina Convention and Exhibition Centre for the second Aotearoa Hotel Industry Conference and Exhibition, marking a new attendance record for the event. Burke had plenty of positive news to share with occupancy trending back to 2019 levels, while rates are up 25%.
With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. An economic downturn, natural calamity or events like a pandemic make a hard situation worse.
The financial health of hospitality assets, particularly in the Northeast and Central regions are improving, driven by leisure travel and the return of conferences and events, according to the 2025 Hospitality Outlook released by diversified professional services and investment management company Colliers. From April 2024 to March 2025, U.S.
Sydney hotels enjoyed a record-breaking weekend, with many reporting occupancy levels of between 90% and 100%, thanks to major events across the city, including four sold-out Taylor Swift concerts.
Despite the slow return of international travellers to Queensland, occupancy levels at Accor’s 96 hotels across the state are surging beyond 2019 occupancy levels thanks to strong domestic travel and the lure of major concerts and events. And that’s the power of events and sport,” Derry said.
Skift Take: While Seattle is thriving across the board, it is high hotel occupancy that stands out as a clear winner. Jess Wade Read the Complete Story On Skift
La Vie reports that the hotel has exceeded occupancy targets since opening, regularly selling out during key events. Adding 149 extra rooms to our inventory means we can better cater to demand surges over busy event periods, which will only add to the colour and life that keeps this hotel buzzing.”
Group bookings are calculated using occupancy and average daily rate (ADR). The Index combines event data from Knowland with hotel booking data from Amadeus’ Demand360+ to provide individual and aggregate views of […] The post Knowland, Amadeus Data Finds Group Business Performance Growth appeared first on LODGING Magazine.
The focus on securing a series of successive major events has delivered a major boost for WA’s hotels, with Perth hotels regularly recording the highest occupancy levels in Australia in recent months,” he said. “It It is critical that we maintain the momentum that has been built.
The half-day event at The Tokyo EDITION hotel in Toranomon will unite leaders from the hotel, aviation, and tourism sectors to discuss challenges and opportunities in this rapidly evolving market. Occupancy growth has largely stabilized across all days of the week, further supporting this theory. “In
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