This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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%
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%
Amadeus’ Demand360+ data as of November 27, 2023, showed that global hoteloccupancy for the weeks of Christmas and New Year’s is at 23 percent. This is up 10 percent from […] The post Amadeus: HotelOccupancy Soars This Holiday Season appeared first on LODGING Magazine.
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
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.
hoteloccupancy. 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
hotel industry reported negative year-over-year comparisons, according to CoStars latest data through Feb. Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9 Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9
hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through June 21. Hotel PerformanceJune 15 – June 21, 2025Percentage change from comparable week in 2024Occupancy: 70.5 percent) Among the Top 25 Markets, San Francisco saw the largest increases in occupancy (up 17.2
Accor has reported a strong uptick in bookings and performance across its 19 hotels in Brisbane ahead of this weeks NRL Magic Round. The strong performance were seeing across our hotels this week highlights the incredible pull of live sport as a tourism and economic driver.
hotel performance is expected to reaccelerate in the fourth quarter and extend into 2025, according to CBRE’s latest forecast. This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […] The post CBRE: U.S. CBRE now forecasts a.5 percent in August. CBRE now forecasts a.5
Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in 2022. This occurred even though the average occupancy for U.S. hotels is not expected to exceed 2019 levels until 2026.
hotel industry reported mixed year-over-year comparisons, according to CoStars latest data through Feb. Hotel Performance February 16-22, 2025 Percentage change from comparable week in 2024 Occupancy: 60.3 percent) Among the Top 25 Markets, Los Angeles saw the largest occupancy increase (up 10.4 percent (down 2.7
hotel forecast revision of 2024. Occupancy for the year was lowered 0.1 Occupancy for the year was lowered 0.1 Hotel Forecast in Final Revision of 2024 appeared first on LODGING Magazine. NASHVILLE—STR and Tourism Economics downgraded the growth rate in the final U.S. percentage points to +1.5 percent and down 0.6
Skift Take: Hotels aren't full! Except in Manhattan.) One theory why is that corporate travelers who used to book rooms for days or weeks at a time are taking shorter trips because of hybrid work. Sean O'Neill Read the Complete Story On Skift
Skift Take: Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan Read the Complete Story On Skift
Coldplay fans are flocking to hotels across Melbourne, Sydney and Auckland as its Music of the Spheres Tour kicks off in Australia and New Zealand. Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5%
May 22, 2025: AMT (By FANGCANG Group), the corporate hotel management and advertising platform, will support hotels to directly advertise to targeted corporate customers and travel management companies. This partnership reflects our focus to meet the unique needs of our hotel partners.
Vivid Sydney helped drive record-breaking hoteloccupancy in May 2025 according to insights from Accommodation Australia. The NSW Government reports that each of the four Saturdays of the festival drew crowds of nearly 200,000, with hoteloccupancy just shy of 90% on peak weekend nights, according to the accommodation industry body.
The 2025 Australian Open is in full swing and hotels across Melbourne are enjoying a flurry of activity as visitors descend on the city. 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.
Skift Take: The conflict with Pakistan might have led to the Indian hotel industry declining in May month-on-month, but it does not seem to have derailed the sector from its long-term ascent. Read the Complete Story On Skift
One Global Capital Chairman and Group CEO, Iwan Sunito, has introduced a new hotel brand to the market, One Global Resorts, with the official rebranding of his Skye Suites Green Square property on Thursday evening. We have elevated the guest experience more along the lines of luxury international hotels.
hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through June 14. Hotel PerformanceJune 8 – June 14, 2025Percentage change from comparable week in 2024Occupancy: 68.6 Hotel PerformanceJune 8 – June 14, 2025Percentage change from comparable week in 2024Occupancy: 68.6
hotel industry reported positive year-over-year comparisons, according to CoStars latest data through Feb. Hotel Performance January 26-February 1, 2025 Percentage change from comparable week in 2024 Occupancy: 56.5 percent) Among the Top 25 Markets, Minneapolis reported the largest increases in occupancy (up 13.6
hotel industry reported negative year-over-year performance comparisons, according to CoStar’s latest data through Nov. Hotel PerformanceNovember 3-9, 2024Percentage change from comparable week in 2023:Occupancy: 62.6 Hotel PerformanceNovember 3-9, 2024Percentage change from comparable week in 2023:Occupancy: 62.6
hotel industry reported positive year-over-year performance comparisons, according to CoStars latest data through Dec. Hotel Performance December 15-21, 2024 Percentage change from comparable week in 2023 Occupancy: 48.9 Hotel Industry Reports Positive Year-Over-Year Comparisons appeared first on LODGING Magazine.
Three Accor-operated hotels in Melbourne have hit the market, representing a portfolio sale worth an estimated AU$$200 million. This is a rare opportunity to secure immediate scale in a single capital city across three distinct hotel offerings,” said Savills Australia and New Zealand National Director – Hotels, Nick Lower.
hotel industry reported positive year-over-year comparisons, according to CoStars latest data through March 29, 2025. Hotel PerformanceMarch 23-29, 2025Percentage change from comparable week in 2024Occupancy: 65.1 Hotel PerformanceMarch 23-29, 2025Percentage change from comparable week in 2024Occupancy: 65.1 percent (up 4.4
hotel industry reported positive year-over-year comparisons, according to CoStars latest data through Jan. Hotel Performance December 29, 2024-January 4, 2025 Percentage change from comparable week in 2023 and 2024 Occupancy: 48.3 Hotel Performance appeared first on LODGING Magazine. percent (up 2.9 percent to 77.5
hotel industry reported higher year-over-year performance comparisons, according to CoStar’s latest data through Nov. Hotel Performance November 17-23, 2024 Percentage change from comparable week in 2023 Occupancy 59.7 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (up 62.9
Skift Take: Strong leisure travel demand and resumption of international flights have been instrumental in reshaping the fortunes of the hospitality sector. But will the trend continue? Amrita Ghosh Read the Complete Story On Skift
hotel industry reported mixed year-over-year comparisons, according toCoStars latest data through May 24. Hotel PerformanceMay 18 – May 24, 2025Percentage change from comparable week in 2024Occupancy: 67.5% (down 0.4 Louissaw the highest gain in occupancy (up 19.3 […] The post CoStar: U.S. ARLINGTON, VirginiaThe U.S.
hotel industry reported positive year-over-year comparisons, according to CoStars latest data through March 22, 2025. Hotel PerformanceMarch 16-22, 2025Percentage change from comparable week in 2024Occupancy: 66 percent (up 1 percent)ADR: $165.48 (up 1.8 percent) Among the Top 25 Markets, Anaheim saw the highest occupancy lift (up 15.5
hotel industry reported mixed year-over-year comparisons,according toCoStars latest data through April 5, 2025. Hotel PerformanceMarch 30 – April 5, 2025Percentage change from comparable week in 2024Occupancy: 63.8 percent) Among the Top 25 Markets,San Franciscosaw the largest occupancy increase (up 13.2 percent (down 0.6
Speaking exclusively to HM , STR Regional Director Asia Pacific ex China, Matthew Burke, reported a +50% decline in occupancy across South East Queensland and Northern New South Wales. Encouragingly, Easter forward occupancy remains unaffected for now. We’re closely monitoring booking trends.
hotel industry reported mixed year-over-year comparisons,according toCoStars latest data through April 12, 2025. Hotel PerformanceApril 6 – April 12, 2025Percentage change from comparable week in 2024Occupancy: 65.6 Hotel PerformanceApril 6 – April 12, 2025Percentage change from comparable week in 2024Occupancy: 65.6
hotel performance remained mostly steady year over year, according to May 2025 data from CoStar. 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% ARLINGTON, Virginia—U.S.
Live events drive more bookings and boost hotel profits, but to foster long-term loyalty, hotels must prioritise creating unforgettable guest experiences. When a global superstar like Taylor Swift announces tour dates, or a major sporting event is scheduled, hotels in those cities experience an immediate surge in demand.
Strong loyalty programs help hotel brands lower customer acquisition costs, increase direct-to-consumer access, and offset occupancy shortfalls during shoulder periods and weaker economic conditions. Benefits The average number of loyalty program members at the subject five companies increased 11.3
Skift Take: When Accor sneezes, the global hotel industry catches a cold. The Paris-based hotel giant sounds healthy. Sean O'Neill Read the Complete Story On Skift
Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%
Luxury travellers are seeking hotels that tell their own stories. Personalised design and dcor reflecting the essence of the destination with features like original art from local artists and localised hotel experiences are just as important as the hotels core luxury offering.
hotel industry reported positive year-over-year comparisons, according to CoStars latest data through Jan. Hotel Performance January 12-18, 2025 Percentage change from comparable week in 2024 Occupancy: 55.8 Hotel Performance January 12-18, 2025 Percentage change from comparable week in 2024 Occupancy: 55.8
hotel industry reported lower performance results from the previous month, according to January 2025 data from CoStar. Hotel Performance January 2025 Percentage change from January 2024 Occupancy: 52.5 hotel RevPAR was driven by a variety of factors, including the impacts of Hurricanes Helene and Milton, the L.A.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content