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Short-Term Rentals Continue Trend of Taking Market Share from Hotels - CBRE U.S. Hotels State of the Union July 2024 Edition

Hotel News Resource

In May, short-term rentals continued to take share from hotels, with demand growing 13% compared with a 1.5% increase in hotel demand. While RevPAR growth for STRs was positive, up 4.2%, occupancy has dropped to below pre-pandemic levels as supply growth has continued to increase.

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Exclusive: Ascott to open Sydney lyf, Oakwood Epping

Hotel Management

The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As The post Exclusive: Ascott to open Sydney lyf, Oakwood Epping appeared first on Hotel Management.

Retail 246
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Short-Term Rentals Continue Trend of Taking Market Share from Hotels - CBRE U.S. Hotels State of the Union March 2024 Edition

Hotel News Resource

Hotel demand fell 2.0% Despite taking share from hotels, increasing supply has created occupancy headwinds for short term rentals causing RevPAR to contract 6.6%. in January, while short-term rental demand rose 1.3%.

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Supply vs demand: CBRE’s New Zealand hotel market outlook

Hotel Management

An improvement in economic conditions is on the horizon with leisure and business tourism set to benefit, according to CBRE Director – Hotels and Leisure, Peter Hamilton. Following an initially strong recovery in demand following international border openings in mid-2022, demand growth slowed in most New Zealand hotel markets from early 2024.

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Meet the marketer that’s steering Australia’s first Moxy hotel to success

Hotel Management

First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. Michelle, tell us about the Moxy brand and what makes this hotel different? Everything we do at Moxy challenges that traditional hotel experience.

Marketing 147
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Boutique Hotel Report shows strong US RevPAR recovery

Boutique Hotel News

US: The 2023 edition of The Boutique Hotel Report, published by The Highland Group , reveals that rate increases have pushed most boutique hotels to full RevPAR recovery. The annual report covers the independent boutique, lifestyle hotel and soft brand collection segments in the United States.

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Marriott names Carolina Voullieme multi-property director, sales and marketing

Hotel Business

In her expanded role, she will lead the development and implementation of sales and marketing strategies to drive revenue growth, enhance the guest experience and expand the market share of both properties.

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