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CBRE’s From Runway to Room Nights report found that 56 new routes have added 10,500 annual flights into key Australian cities, which could lift Australia’s hotel occupancy by an average of 3.4% Brisbane’s new flights align with strategic inbound travel growth and capacity gains following the completion of its second runway.
Event-related occupancyforecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) General Manager, Dougal Hollis.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3 CBRE projected a 1.3
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE ’s latest forecast. CBRE now forecasts a 0.5% This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. “U.S.
Connect with Modern Travelers Through Social Media Social media is another area where AI is making a significant impact. Platforms like Instagram and TikTok are now major travel discovery engines, particularly among Millennials and Gen Z. Predictive analytics can forecast demand, helping hotels optimize staffing levels and inventory.
In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy. While transactions in the hotel space have been infrequent, Anderson says it is starting to pick up.
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?
CBRE forecasts a 1.3% increase in RevPAR for 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. Occupancy and ADR are predicted to rise by 14 bps and 1.2% increase in ADR.
Travel Association, nine out of 10 travelers seek sustainable travel options. Additionally, 76% of business executives prefer corporate travel choices that uphold sustainability, even at a higher cost. In 2023, these properties averaged 205 rooms, with an average occupancy level of 69.4% According to the U.S.
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. For example, targeting people looking for a local getaway during shoulder seasons or offering special deals to business travelers for repeat bookings.
hotel forecast Second-quarter slowdown and macroeconomic headwinds weigh on RevPAR outlook, with modest recovery expected in the second half of the year Jun 12, 2025 Consulting firm PwC has revised its 2025 U.S. hotel performance forecast downward, citing economic uncertainty, geopolitical tensions, and a soft second quarter.
Overall occupancy levels remained flat, increasing by just 0.1 Demand from transient travellers and weekday business travel remained stable, helping to offset weaker group and weekend demand. ADR growth is forecasted at 1.7 International travel, particularly from the U.S., travel is anticipated.
Amadeus, a leading provider of travel technology solutions, and UN Tourism , have released a new report with comprehensive data on travel in Asia Pacific. The report presents a detailed analysis of passenger traffic and capacity trends from March 2023 to February 2025 and provides a forecast extending to August 2025.
Joe Amati from Destination Canada emphasized tourism’s robust contribution to the national economy, forecasting annual growth of 5.42 Tourism is a resilient economic engine,” he said, noting the industry’s $130 billion value in 2024 and the $31 billion contributed by international travellers. Luxury travel is growing 1.2
So surely the UK is becoming a tougher place to run a travel or hospitality business? The requirement for an Electronic Travel Authorisation (ETA) , costing visitors 16 each, is something experts in the sector fear will push inbound tourists to other destinations. The PwC hotel forecast for 2025 shows 1.9% occupancy growth.
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? STAAH even includes a Travel Agent & Corporate Travel Module (TACT) real-time offline bookings.
Past guests include Sarah Fults, VP of Distribution at MGM Resorts, James Lemon, Global Lead of Travel, Transport, and Leisure at Stripe, Jason Pinto, Co-Founder and COO at Pace Revenue, and more. Episodes feature interviews, industry updates, and discussions on topics including short-term rentals, hotels, and travel trends.
Extended stays are transforming the way that travellers and travel companies view the hospitality landscape. With remote work here to stay for many, corporate relocations surging, and travellers seeking more flexible accommodation arrangements, demand for stays lasting 30+ days is growing.
Fewer errors, faster updates, more bookings—Jasmine City Hotel from Thailand loves the power of STAAH’s channel manager Located in the bustling heart of Bangkok, Jasmine City Hotel is a favourite for business and leisure travellers alike.
It provides a platform for hotels and travel companies to advertise their offerings to a broad marketplace. Amadeus GDS is used for tapping into a huge marketplace where travel supply and demand intersect. Amadeus GDS is used for tapping into a huge marketplace where travel supply and demand intersect. Who owns Amadeus GDS?
Financial analysis When EBITDAR is combined with other metrics, such as ADR (average daily rate), occupancy rate, or RevPAR (revenue per available room) , it can help dig deeper into financial metrics. For example, a lower EBITDAR margin at one property might prompt an analysis that reveals excessive utility costs due to outdated equipment.
AI, robotics, and automation are no longer futuristic conceptsthey’re active components in the way hotels, restaurants, and travel companies operate and engage with guests. Smart room systems that adjust lighting and climate based on occupancy patterns not only enhance comfort but also reduce operational costs.
He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. He added, “We continued to enhance our portfolio to deliver new travel experiences to our guests around the world. . “Full-year global RevPAR rose 4.3% to more than 1.7 million rooms worldwide at year-end.
Business Intelligence Agents: Forecasting with Real-Time and Historical Data Hotel forecasting has historically relied on manual reporting, static historical data, and siloed systems. AI-powered business intelligence agents now allow operators to synthesize data from the PMS, revenue management systems, and market sources in real time.
When travellers are weighing up where to stay, the terms “hotel” and “motel” might seem interchangeable. While both motels and hotels offer paid lodging, they serve different purposes and types of travellers. Guests usually enter their rooms from inside the building, and the atmosphere caters to both leisure and business travellers.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will continue to grow in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBRE forecasts a 2.0 CBRE forecasts a 2.0
The travel and hospitality sector, in particular, has recalibrated its outlook for the year, with some global hotel brands lowering their RevPAR guidance as they navigate the current climate with a mix of caution and quiet confidence. And that was a direct impact of the Canadian traveller.”
Bar rate : Best available rate (BAR) is often lower than the rack rate and fluctuates based on demand, season, and occupancy. Net rate : This is the rate after subtracting any commissions or fees, often used in negotiations with online travel agencies (OTAs) or corporate bookings. Its a dependable benchmark for your revenue targets.
As competition intensifies and travelers become more selective, data analytics in the hospitality industry and AI are no longer buzzwords, but operational imperatives. This synergy allows hotel teams to shift from generic responses to personalized, data-driven engagement that moves travelers further down the booking funnel.
As competition intensifies and travelers become more selective, data analytics in the hospitality industry and AI are no longer buzzwords, but operational imperatives. This synergy allows hotel teams to shift from generic responses to personalized, data-driven engagement that moves travelers further down the booking funnel.
By tracking occupancy trends, revenue forecasts, and guest preferences, hotels can fine-tune their marketing strategies and improve personalized guest experiences. Enhances safety—ideal for post-pandemic travel expectations. Access real-time reports on revenue, occupancy, and housekeeping.
Located in Sukapura Village, Probolinggo, East Java, this charming accommodation is a convenient stop for travellers heading to Mount Bromo via the Tongas-Probolinggo route. km from Abdulrachman Saleh Airport in Malang, its an ideal choice for travelers seeking natural beauty and peaceful rest. Conveniently situated 53.1
Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. Toor emphasized the strength of domestic travel, citing a rise in inter-provincial movement.
The hospitality industry is fiercely competitive, with modern travelers expecting seamless experiences powered by cutting-edge technology. By generating reports and analytics, the PMS provides valuable insights into occupancy trends , revenue performance, and guest preferences.
Whether its a seamless check-in process, personalized dining recommendations, or proactive problem-solving, customer satisfaction is at the heart of every hotel, resort, and travel business. AI-Powered Chatbots and Virtual Assistants AI chatbots are transforming how hotels and travel companies interact with guests.
This is a common payment option with corporate travellers and tour groups. The resulting insights can help you to track your occupancy, refine your pricing strategies, forecast revenue and identify service gaps and opportunities. There’s also direct billing, where a company or organisation pays for a guest’s stay.
Email Automation: Uses generative AI to manage high volumes of travel-related emails by extracting key information (like travel dates or party size) and generating personalized offers. And Payments simple transparent fixed-rate model reduces the complexity of interchange fees, making forecasting, and budgeting easier and more accurate.
Group Itinerary Builder â Designed to enhance group travel and events, this module allows attendees to explore resort experiences and manage their event schedules through an interactive, personalized guest portal. This access is seamlessly integrated into the Itinerary Builder as part of the guestâs pre-arrival journey.
For travelers, these taxes can significantly impact the overall cost of a stay, while for hoteliers, understanding and complying with these taxes is critical to avoid penalties. Hotel tax, often referred to as occupancy tax, lodging tax, or tourism tax, is a fee imposed on guests staying at hotels , motels, or other lodging facilities.
For instance, if I ask ChatGPT, Ill be traveling to Paris next weekend. Can you create a two-day plan for me, also considering the weather forecast? Upselling amenities and services If a traveler enquires about family-friendly room options, the AI can combine visual and contextual data (e.g.,
CBRE forecasts that RevPAR will continue to grow steadily in 2025, as urban locations continue to outperform due to improved group and business travel and continued recovery of inbound international travel. CBREs baseline forecast includes a 2.4% higher in 2025 compared with pre-pandemic levels in 2019.
Amadeus Advisor Chat is Coming to Demand360 To help hoteliers stay agile and respond quickly to the fast-changing travel industry, Amadeus is integrating Advisor Chat, its Gen AI chatbot, into its industry-leading Demand360 data product. One that puts revenue and profit front and center,â said David Woolenberg, CEO at Duetto.
For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. Efficiently managing OTAs and direct bookings is key to maintaining high occupancy rates.
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