Remove Forecasting Remove Occupancy Remove Travel
article thumbnail

International flights set to boost hotel occupancy in 2026, CBRE reports

Hotel Management

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.

Occupancy 204
article thumbnail

Melbourne’s luxury hotels welcome strong international business at Australian Open

Hotel Management

Event-related occupancy forecasts 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.

Business 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

CBRE Forecasts Modest RevPAR Growth in 2025

Lodging

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

article thumbnail

CBRE: U.S. hotel performance impacted by moderate summer demand

Hotel Business

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.

article thumbnail

How AI is Reshaping Hotel Digital Marketing in 2025

Social Hospitality

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.

article thumbnail

Rates drop in key New Zealand’s two largest cities

Hotel Management

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.

article thumbnail

How decision intelligence unlocks hotel data for better insights

Cloudbeds

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?

Upsell 105