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Record high room rates for Sydney hotels on NYE

Hotel Management

New Years Eve gave Sydney hotels plenty of cause for celebration on December 31. Sydney hotels pulled in record high average daily rate and revenue per available room on the night, according to December preliminary data from CoStar. CoStar reports occupancy levels of 78.8% for December 2024, up 2.1% and AUD482.35, respectively.

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Australia’s hotel occupancy stable in September but growth slow

Hotel Management

Accommodation Australia CEO James Goodwin is hopeful of a busy holiday period for hotels despite cost-of-living pressures. STR’s latest data market report shows September 2024 occupancy was stable despite slowing growth, standing at 72.7% Year-to-date occupancy across the country was at 70.4% up just 0.6% compared to 68.7%

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Perth hotels top the occupancy leaderboard in 2024, AHA WA reports

Hotel Management

Perth hotels are experiencing a strong resurgence in bookings, with the Australian Hotels Association (WA) reporting that the west coast city reached the highest occupancy rates in the country in 2024. From January to December 2024, metropolitan Perth hotels achieved an average occupancy level of 79.4% a 3.9%

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Amadeus: Hotel Occupancy Soars This Holiday Season

Lodging

Amadeus’ Demand360+ data as of November 27, 2023, showed that global hotel occupancy for the weeks of Christmas and New Year’s is at 23 percent. This is up 10 percent from […] The post Amadeus: Hotel Occupancy Soars This Holiday Season appeared first on LODGING Magazine.

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CoStar: Holiday Calendar Shift Impacts Weekly U.S. Hotel Industry Performance

Lodging

hotel industry reported mixed year-over-year performance comparisons, according to CoStar’s latest data through Nov. Hotel PerformanceNovember 10-26, 2024 Percentage change from comparable week in 2023:Occupancy: 63.3 Hotel PerformanceNovember 10-26, 2024 Percentage change from comparable week in 2023:Occupancy: 63.3

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Marriott Bonvoy nets multiyear deal with Tennis Australia in boost to loyalty, occupancy and rates

Hotel Management

Marriott Bonvoy has secured an exclusive multiyear contract extension with Tennis Australia which will see its return as the official hotel partner for the Australian Open and official lead-in tournaments around the country. We operated at high occupancy throughout the tournament, and are currently pacing in line with last year.

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U.S. Hotels See Occupancy Hit, Tariffs and Border Policies Can Have 'Chilling Effect'

Skift Blog

hotel occupancy. Skift Take: New travel advisories and border policies may create a "chilling effect" on U.S. Border regions already show declines. Luke Martin Read the Complete Story On Skift

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