Hotel Management

JANUARY 14, 2025

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.

Average Daily Rate 264

Average Daily Rate Occupancy Hotels Events 264

Hotel Management

MARCH 18, 2025

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.

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Hotel Management

JUNE 24, 2024

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.

Occupancy 278

Occupancy General Manager Events Accommodation 278

Hotel Management

JUNE 17, 2024

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.”

Events 289

Events Tourism General Manager Accommodation 289

Skift Blog

OCTOBER 23, 2024

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

Occupancy 289

Occupancy Events Hotels Travel 289