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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 tournament is also expected to have a positive impact on the luxury end of the hotelmarket.
More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW HotelMarket and Economic Outlook Update at Hilton Sydney. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.
“We’ve got some other more lifestyle hotels coming to market over the next six to 12 months and we’re going to be adding about 200 rooms into the Sydney [hotels] landscape.” With its recently opened hotels, Public is seeing strong occupancy rates continue.
The surge in hotel bookings during these high-profile events highlights how live concerts act as powerful economic drivers for cities. In fact, concert-goers often flood the local hotelmarket, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand.
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. At the same time, the slow recovery in inbound international travel has created an imbalance in U.S. In Q3 2024, hotel demand declined 0.1%
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
Hotel PerformanceMay 18 – May 24, 2025Percentage change from comparable week in 2024Occupancy: 67.5% (down 0.4 Among the Top 25 Markets,St. Louissaw the highest gain in occupancy (up 19.3 […] The post CoStar: U.S. Hotel Industry Continues to Report Mixed Yearly Comparisons appeared first on LODGING Magazine.
A recent report by STR on Japan’s hotelmarket shows impressive growth in revenue per available room (RevPAR) over the past 15 months amidst above-average inflation and an influx of international demand following its later reopening post-pandemic. Historically, pricing power in Japan has correlated with high actual occupancy levels.
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
Hotels in Queenstown, Christchurch and Rotorua have enjoyed a strong start to the year with increased room rates, driven by an uptick in international visitors, while New Zealands main centres of Auckland and Wellington saw a decline. While transactions in the hotel space have been infrequent, Anderson says it is starting to pick up.
Victoria and South Australias hotelmarkets continue to perform well, according to JLL Hotels & HospitalityManaging Director & Head of Investment Sales, Peter Harper. The post Exclusive: unpacking Melbourne and Adelaides hotelmarket growth appeared first on Hotel Management.
Hotel PerformanceMay 2025Percentage change from May 2024Occupancy: 65.3 percent)RevPAR: $106.30 (+0.1%) Among the Top 25 Markets, New York City experienced the highest occupancy level (down 1.0% Markets with the lowest occupancy for the month included New Orleans (60.1 percent (down 0.7 percent)ADR: $162.72 (up 0.8
Australia’s boutique hotelmarket is booming amid increased demand for unique and personalised stays. CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.
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.
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.
hotel industry reported mixed performance results year over year, according to April 2025 data from CoStar. April 2025 Among the Top 25 Markets, the highest occupancy level was seen in New York (up 0.5 Markets with the lowest occupancy for the month included Detroit (down 2.3 percent to 84.8 percent to 57.4
The secret often lies in their ability to master market segmentation - a strategy that's becoming increasingly crucial in today's diverse hospitality landscape. Successful hotels focus on understanding and serving specific guest segments instead of trying to be everything to everyone.
A recent report by STR on Japan’s hotelmarket shows impressive growth in revenue per available room (RevPAR) over the past 15 months amidst above-average inflation and an influx of international demand following its later reopening post-pandemic. Historically, pricing power in Japan has correlated with high actual occupancy levels.
Filling rooms during slower travel times is important to ensure your business’s long-term success and relevancy. In fact, it eats into your profits and undermines your hotel’s credibility. While price is a major factor in planning travel (especially with current inflation and for millennial […] Source
hotel performance produced an incremental gain during the four weeks ending 13 May, a period that falls in between the heavy, summer travel season and earlier year peaks that include solid leisure travel, improved demand from conventions and group bookings, and returning business travel in larger markets.
HotelMarketing is only effective if the execution is done right. The core of a good hotelmarketing strategy is to promote the right product in the right place , at the right price , and at the right time to the right audience. The marketing mix was originally a concept given by Neil H. PEOPLE – Your team.
In 2023, the hospitality industry reached record-high ADRs as travelers from around the world got back out to explore, and lodging operators worked hard to keep up with demand (despite lingering staffing shortages). Capturing travelers’ attention will become even more important in 2024. 2024 hospitality marketing trends 1.
TORONTO — Avison Young has released its Canada HotelMarket Report: 2023 Review and 2024 Outlook. The report reveals robust recovery and remarkable resilience across major Canadian markets, surpassing pre-pandemic levels in Average Daily Rate (ADR), Revenue Per Available (RevPAR) and occupancy.
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 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. this year, said Rachael Rothman, CBREs head of hotel research & data analytics. .’
Hotel PerformanceMay 25- May 31, 2025Percentage change from comparable week in 2024Occupancy: 61.0 percent) Among the Top 25 Markets, St. Louis saw the largest occupancy increase (up 11.1 Hotel Industry Reports Negative Weekly Comparisons appeared first on LODGING Magazine. percent (down 1.6 percent to 64.5
Asia Pacific’s hotelmarket is capturing the attention of institutional investors with competition heating up for prime hotel assets in tier one markets including Australia, Japan and Singapore, according to a new report from CBRE.
“Hotels are emerging as a preferred property investment sector, as new market entrants are drawn to conditions of easing supply, high room rates and the return of international travel,” said Colliers Head of Hotel Transactions, Karen Wales. billion by end of year.”
Average daily rates (ADRs) in Asia Pacific are up 19% in local currencies versus the last cyclical peak in 2018-2019, according to JLL with most markets still having room to increase occupancy back to pre-pandemic highs “given strong business travel offsetting some pull back in leisure travel”. billion. “The
Hotel PerformanceJune 1 – June 7, 2025Percentage change from comparable week in 2024Occupancy: 67.0 percent) Among the Top 25 Markets, St. Louis saw the largest increases in each of the three key performance metrics: occupancy (up 19.5 percent (down 3.2 percent)ADR: $161.57 (0.0 percent)RevPAR: 108.23 (down 3.2
As we enter the fourth quarter of the year, hotelmarketers should outline their goals for 2024. We’ve assembled a complete checklist of everything you need to create your 2024 hotelmarketing budget. From marketing to operations to revenue management, your SWOT analysis should evaluate all aspects of your hotel.
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.
The data is another proof point that occupancy levels have more than stabilized, making for a meaningful rise in RevPAR for our customers,” said Matt Welle, Mews CEO. market in particular, key findings include: Travel has recovered and tops pre-pandemic levels. For the U.S. Online check-ins and upgrades continue to increase.
Read full blog Sustainable Hospitality: Meeting the needs of today’s eco-conscious traveler Clearly, sustainability has been a major priority trending this year. Read full blog 6 Hotel Sales Strategies To Increase Occupancy and Revenue A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings.
With the promise of long, warm days and lazing outdoors, hotels are kicking off their summer marketing campaigns. While occupancy tends to be higher during the summer, the market is competitive as travelers put their time and effort into planning these much-awaited getaways.
When it comes to running a hotel, a well-executed marketing campaign can make all the difference. In this blog post, we will explore the key strategies and tactics for creating a successful hotelmarketing campaign that captivates your target audience and delivers tangible results.
years leading the PR function for EVT Hotels and Resorts multi-award-winning media communications executive, Karena Noble, is bidding farewell to her role at the end of this month to launch her own consultancy, Karena Noble Communications. The high-profile opening drove occupancy for this fresh take on budget accommodation.
years leading the PR function for EVT Hotels and Resorts multi-award-winning media communications executive, Karena Noble, is bidding farewell to her role at the end of this month to launch her own consultancy, Karena Noble Communications. The high-profile opening drove occupancy for this fresh take on budget accommodation.
Wondering how to map out the perfect hotelmarket segmentation strategy that keeps your hospitality business ahead of the curve? As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users.
With a data-driven approach and AI-powered tools like eZee Mint AI , you can still maximize occupancy, increase revenue per room , and turn last-minute demand into profits. Dont Let Last-Minute Pricing Cost You Profits Ed Sheerans fanbase is diverse, from students and backpackers to luxury travelers. But you have to act fast.
Even mid-range hotels significantly increased their rates, making three to four times their usual revenue in just a few nights. As a result, they ensured full occupancy at premium rates, making record-breaking profits. Heres an ultimate guide on hotel dynamic pricing strategies The Hoteliers Blunder: Who Missed the Mark?
Ryan takes a look at two major factors impacting travelers' booking decisions this winter: the weather and area-specific COVID-19 restrictions. He walks through multiple examples of social posts and marketing strategies that properties can implement to give them the best opportunity to attract and capture leisure travelers.
Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. In this regard, having a solid marketing mix in place is crucial. This strategy can be especially appealing to business travelers, helping to boost mid-week bookings.
76% of business travelers plan to extend a work trip for leisure in 2023, and 28% of travelers plan to take a flexcation, according to Expedia’s Value Index 2023. The numbers don’t lie: “bleisure” travel is more than a trend; it’s a new traveler’s behavior. What is “bleisure” travel?
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