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Victorian hotels are also high on the popularity scale, with 39% growth year-on-year. The coordinated efforts of Tourism Events Queensland and Experience Gold Coast, supported by airlines and hotel groups like ours, have been instrumental in driving a strong Easter holiday period for the tourism industry, he said.
Adelaide hotels are reaping the benefit of a number of large-scaleevents 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.
Move Beyond Syncing, Start Scaling 1) The New Age of Hotel Distribution The hotel distribution landscape has changed. Dynamic Pricing : Real-Time Revenue Optimization Channel Managers like STAAH enable rule-based pricing automation , adjusting your rates based on demand, occupancy, and even competitor pricing. No more repetition.
We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China.
Accor has reported strong recovery in its Western Australian hotels with occupancies of 68% year-to-date (YTD), marking a 7.5% Speaking to media in Perth last week, Accor Pacific CEO, Sarah Derry, said Perth was Accor’s second-best performing city in Australia (just behind Sydney), with 71% average occupancy YTD, 11.6%
Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.
With over 2,23,000 attendees, this event became the bands biggest show yet, smashing records and sending demand for hotel rooms through the roof. The biggest mistake a hotelier could make during an event of this scale was keeping their room rates static. As the event dates neared, hotel rates skyrocketed.
The event brought together thousands of owners, operators and industry partners for nearly 100 educational sessions, a trade show to connect owners with qualified vendors and brand sessions to hear from Choice leaders about recent performance success and where the company is investing to help drive revenue and lower costs.
Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.
AHICE is the Asia-Pacific region’s premier series of hotel industry events, held in seven locations across the Asia-Pacific, including Australia, New Zealand, Singapore, Hawaii, Fiji, the Maldives and now, Japan. We are excited to welcome industry leaders from around the world to this landmark event.”
Understanding Peak Season Dynamics Peak seasons vary based on location, climate, and cultural events. By analyzing booking patterns, guest behavior, and local events, hotels can anticipate occupancy rates and adjust strategies accordingly. The richer the data, the more accurate the future planning.
What are hotel events? Hotel events transform hotels into hubs of activity and excitement. These events range from elegant corporate conferences to vibrant weddings, each offering a unique atmosphere and a multitude of opportunities. Events are a never-ending marketing opportunity and a major source of tourism.
According to new Demand360 business intelligence data from Amadeus , global hotel occupancy levels up to the end of August have been an average of 10% ahead of 2022. For the fourth quarter, worldwide on-the-books occupancy data reveals that reservations are trending 11% ahead of those seen in 2022. Hotel occupancy for Sept.
Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. The bold line represents the average occupancy rate for the competitive set. Each point on the chart shows a specific day’s occupancy for the hotel.
These agents not only extract historical patterns but also incorporate on-the-books data, competitive sets, and event calendars to produce accurate and dynamic forecasts. From voice to procurement, messaging to marketing, AI agents represent a fundamental shift in how hospitality organizations scale excellence and prepare for the future.
Applying her unique style across a range of building typologies, geographies and scales she re-engages in an approach that carefully addresses each project from an in-depth consideration of the detail to the overall massing strategy. Past projects have included the Natural History Museums Earth Sciences Centre.
performance across the board; RevPAR declines reported across all chain scales; and EURO 2024, Formula One and Taylor Swift’s Eras Tour lifted cities across Europe. Shift in Juneteenth holiday pushed occupancy down while rate held. per cent year-over-year (YoY), which was entirely the result of an occupancy decline of 1.8
In this episode, Alexi Khajavi, President of Hospitality, Travel & Wellness at Questex, joins the Suite Spot to give listeners a preview of the upcoming NYU IHIF 2025 event taking place in New York City on June 1-June 3, 2025. ’cause we’re gonna turn our attention to the NYU IHIF event.
We’re talking about the MICE industry – an acronym for Meetings, Incentives, Conferences, and Exhibitions/Events. Driving Occupancy and Revenue One of the most immediate and noticeable impacts of MICE on the hotel industry is occupancy rates and revenue generation.
The latest STR data for May 2024, also shows ADR up almost 9% compared the same month in 2023, while occupancy has moderated somewhat. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. This has led to our Deputy Prime Minister declaring Fiji needs 5000 new hotel beds to cater for demand.
A destination management company is a professional services firm specialising in local expertise and resources to design, plan, and manage events, activities, and tours. Destination management services list Common DMC services include: Event planning and management : Handling meetings, incentives, conferences, and exhibitions (MICE).
Together, the two industry leaders will deliver an unparalleled solution in efficiency, scale, and accuracy to help hoteliers of all property types maximize profitability – while offering enhanced benefits to multi-property operators. Together, were making enterprise-grade technology accessible to all.
Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% It’s been a very good year.
Pohl went on to say that mid-scale, extended stay brand “Home” has proven popular with Americans and that the emerging Gen Z market was pushing new development in brands like Aiden (part of BWH). Before an excellent lunch, delegates were buoyed by the unveiling of a new logo for Accommodation Australia. Be brave.”
Get the latest news, updates, and information on the hotel industry in this series, and find out what efforts the AHLA is getting involved in to impact hoteliers and hospitality at scale. From policy legislation to industry events and the rebranding of the Hospitality Show, this episode is full of content!
For example, in the morning you may have lower rates because your occupancy is low and demand is not strong. Dynamic pricing can be an important strategy for a hotel that’s looking to optimise occupancy and maximise profit. This will allow them to capitalise on opportunities to boost occupancy and/or maximise revenue.
Occupancy confusion: Without a clear system, it’s challenging to track room availability and occupancy rates accurately. The system struggles to scale up: incorporating additional calendars becomes quite challenging and consumes a lot of time as your location becomes more active.
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Average US occupancy rate is just under 65%. Some major cities could see occupancy rises by as much as 17.5% What are hotel industry statistics?
Say you convinced a couple of owners to add nice desks and faster WiFi, promoted those properties to remote workers, and saw an uptick in occupancy. Optimization, especially in your tech stack, can happen much faster at a smaller scale. Thats something you could quickly replicate across your portfolio.
Read more: The Three Steps to Building a Successful Segmentation Strategy For Hotels Concerts had to reschedule with tour dates pushed back a year or so, and any large scale public events that still take place (races, sports events, exhibitions, etc.) Is the wedding industry going to pull back from large scaleevents?
Dynamic pricing in the hotel industry refers to tweaking room rates based on various factors such as demand, occupancy, seasonality, events, and even competitor pricing. increase occupancy, maximize revenue during peak times, etc.). What is dynamic pricing in hotels? How does it operate?
Realistically, this also means that suburban markets, which see spillover during high occupancy dates from large cities, may be able to maximise on those specific dates through clever campaigning. Few things are as disappointing to read on a website as promotional material for events that have already taken place.
Our multi-property upgrades allow us to provide the same mobile flexibility and accessibility that we deliver to individual properties, now scaled up to the chain level. Multi-property configuration will help hotels scale their business by streamlining the process of configuring new properties.
A direct booking strategy is a powerful force in reducing customer acquisition costs , increasing occupancy, and improving profitability by building greater brand loyalty and giving you direct access to guests. These types of promotions are great for when you need to fill occupancy fast and should not be used all the time.
Groups and events. Manage everything from event bookings, contracts, orders, payments, and more. From large-scale independents and boutique hotels to hostels and motel groups, properties of all types and sizes are leveraging the Cloudbeds Platform differently. Accounting and finance. Point-of-sale.
Learn more Little Hotelier Little Hotelier is a management software crafted specifically for small-scale hotels, providing a comprehensive suite of tools to simplify daily operations and featuring a range of third-party integrations to enhance functionality.
AI can help analyse data in real time and factor in a wide range of variables such as occupancy rates, weather, time of year, the impact of major events and more – and adjust prices accordingly to maximise occupancy rates. COVID was a once in a generation event for the hospitality and leisure industries.
The company is the recognised leader in hotel industry benchmarking and provides market data including supply and demand and market share information on a global scale. For example, STR data reveals that the average occupancy rate across US hotels in August 2022 was 66.5%, and the average daily rate was US$151.49. STAR summary.
Revenue managers continuously solve an ever-changing puzzle, where occupancy and ADR are two key pieces. Delivering day-to-day as well as promotional strategies in support of key revenue management metrics, such as ADR, RevPAR, occupancy and channel mix. External data is information that the hotel cannot generate themselves.
With dynamic pricing, room rates are not fixed but are adjusted based on market demand, competition, time of booking, customer behavior, occupancy, and other factors that can influence booking patterns. Prices change dynamically (hence the name) using real-time data to maximize your revenue and occupancy rates. Maximizing occupancy.
Ryan and Chip have important conversations around some of the most pressing and relevant current events happening in hospitality and give hoteliers key insights into how staying in touch with these developments directly affects your businesses and travelers. And again, starting with that incredible opening party, it, it was quite an event.
Paid ads are an ideal way for hotels to improve visibility and capitalize on increased demand, area events and more. Showcase Special Offers To Boost Occupancy Because CPC ads work quickly, hoteliers can use these to increase occupancy when demand is down without a lot of advance notice.
Manage Room Inventory Your hotel’s occupancy is the main metric by which you judge how well your business is doing at the moment. Having complete control over occupancy 24/7 will certainly cut down on the manpower it takes to keep inventory in order and prevent unwanted overbookings.
It collects and analyses data, like occupancy rates, booking patterns, local demand, and competitor pricing, to automatically adjust room rates in real time. It pulls in data from various sources, including your hotels booking history, current occupancy, competitor rates , market demand trends, and even local events.
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