Hotel Management

FEBRUARY 13, 2024

Hotels across Melbourne and Sydney are feeling the star power of global music icon Taylor Swift as fans flock from all over to attend the sold-out Eras Tour concerts, taking place over the next two weekends. What we’re seeing with Taylor Swift tour is a phenomenon and particularly noteworthy,” Jones told HM. “In

Occupancy 290

Occupancy Tourism Events Accommodation 290

Hotel Business

APRIL 15, 2024

hotels’ RevPAR growth was negative for the third straight month, down 1.5%, according to the CBRE report U.S. Hotels State of the Union April 2024 Edition. decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% decline in hotel demand.

Occupancy 59

Occupancy Consumer Forecasting Market Share 59

Hotel News Resource

JULY 6, 2023

With occupancy levels lagging during the post-COVID recovery and guest counts depressed, hotel owners and operators have had to look for alternative sources of revenue beyond the rental of guest rooms to make up for the income deficits. For some hotels in the U.S.,

Occupancy 96

Occupancy Revenue Hotels Operations 96

Hotel Management

APRIL 16, 2024

Adge Hotel and Residences in Sydney’s Surry Hills has opened a second hotel tower on the site, expanding its room count by 149 guest rooms to a total of 254. Operated by La Vie Hotels and Resorts, Adge Hotel and Residences opened last August on the site of the former Cambridge Hotel.

General Manager 264

General Manager Resorts Hotels Events 264

Lodging

APRIL 14, 2023

A record number of loyalty program members should help hotel brands lower their customer acquisition costs, increase direct-to-consumer engagement and offset any occupancy shortfalls during an economic downturn, according to a recent CBRE report.

Occupancy 259

Occupancy Consumer Branding Hotels 259

Hospitality Net

JUNE 22, 2023

A private equity firm had recently acquired a hotel management company and three hotels in El Paso – Holiday Inn, Hilton Garden Inn and Courtyard. Cayuga was asked to perform an Operations Assessment & Financial Analysis to provide a third-party objective perspective. This was their first venture purchasing lodging assets.

Operations 100

Operations Occupancy Management Market 100

Inn Quest

SEPTEMBER 12, 2023

From the moment a guest walks through the doors until their departure, every aspect of their stay is carefully curated through the lenses of hotel operating systems and the adept oversight of a hotel operations manager.

Operations 88

Operations Management Revenue Revenue Management 88

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. In this blog, we look at some ways to keep your hotel thriving during these tougher periods.

Occupancy 77

Occupancy Forecasting OTA Revenue 77

Hotel Management

FEBRUARY 27, 2024

Sydney hotels enjoyed a record-breaking weekend, with many reporting occupancy levels of between 90% and 100%, thanks to major events across the city, including four sold-out Taylor Swift concerts. Accor felt the flow on effect at its hotels, announcing a record level of hotel bookings over the weekend.

Tourism 217

Tourism Occupancy Accommodation Events 217

Hospitality Net

OCTOBER 16, 2023

decline in occupancy. Unfortunately, gross operating profit margins and profit dollars remained under pressure declining 1.8 Hotel spreads narrowed to 419 bps from 478 bps in July and below the post-pandemic average of 458 bps. Hotel spreads narrowed to 419 bps from 478 bps in July and below the post-pandemic average of 458 bps.

Occupancy 237

Occupancy Revenue Hotels Operations 237

Hotel Speak

MARCH 8, 2024

Yet it’s not just rising food costs causing challenges to hotel operators. Data from CoStar showed that the total operating expenses per available room in the U.S. hotel industry increased by 9.4% Therefore, it’s important to leverage technology that can help ease the burden of these tasks off operators.

Operations 76

Operations Hotels Consumer Events 76

Hotel Management

JANUARY 7, 2024

The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators. The post Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper appeared first on Hotel Management.

Tourism 287

Tourism Cancellation Accommodation Occupancy 287

Inn Quest

APRIL 4, 2023

In the hospitality industry, reducing operating costs in hotels using cloud PMS should always be a top priority. A cloud-based PMS is a software solution enabling hotels to manage their daily operations, all from a centralized system that can be accessed anywhere and anytime.

Operations 87

Operations Hotels Scale Occupancy 87

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

Operations 59

Operations Management OTA Hotels 59

Inn Quest

APRIL 3, 2023

As the hospitality industry evolves after the pandemic, it’s more important than ever for hotels to streamline their day-to-day operations to improve efficiency, enhance the guest experience, and increase revenue. Here are some ways to streamline operational tasks for your hotel.

Operations 88

Operations Revenue Management Forecasting Revenue 88

Hotel Management

MARCH 14, 2024

New Zealand’s hotels are experiencing a long-awaited resurgence in bookings thanks to higher numbers of international visitors entering the country, according to the latest research by JLL. Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels.

Occupancy 130

Occupancy Events Tourism Hotels 130

SiteMinder

JANUARY 8, 2024

What is hotel management? Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Even if you don’t have the luxury of hiring a full team of staff, it’s not impossible to run a successful small hotel business.

Operations 52

Operations Management OTA Hotels 52

Hotel Management

JUNE 29, 2023

Australia’s boutique hotel market 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.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Little Hotelier

OCTOBER 17, 2023

Nutana Hotel Lombok, in Mataram, is one of the best accommodation options for those on business trips to Indonesia. This hotel offers a number of services such as room service and a 24-hour front desk. Operating since 2016, the property offers 43 rooms which are divided into two types, twin bed and double bed.

Occupancy 52

Occupancy Management Hotels OTA 52

Cloudbeds

FEBRUARY 15, 2023

Striking a balance: controlling hotel operating costs while upholding guest satisfaction Keeping hotel operating expenses under control is essential to running a successful property. In the ideal scenario, property expenses would be perfectly aligned with total revenue, leaving a tidy profit for hotel owners.

Operations 52

Operations Occupancy Revenue Hotels 52

Hotel Management

OCTOBER 24, 2023

Real estate experts at Colliers claim the future is bright for hotel investment in Australia with traditional property investors eyeing the over AU$2 billion in assets on the market – 75% of which were listed in Q3 2023. Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Hotel Management

FEBRUARY 13, 2024

Minor Hotels recorded 450% core net profit growth in 2023 compared to the previous year, after reaching a new full-year core revenue record of THB 121.4 We are pleased to report our outstanding performance in 2023,” said Dillip Rajakarier, CEO of Minor Hotels and parent company Minor International Group. billion (approx.

Revenue 130

Revenue Average Daily Rate Occupancy Hotels 130

Lodging

JUNE 5, 2023

hotel forecast at the 45th Annual NYU International Hospitality Industry Investment Conference. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2 percent and 1.3 percent and 1.3

Forecasting 144

Forecasting Average Daily Rate Occupancy Tourism 144

Hotel Management

JANUARY 17, 2024

With the resurgence of domestic and international travel, airport hotels are in hot demand according to major hotel operators. EVT Director of Hotels and Resorts, Norman Arundel. It goes without saying that we love airport hotels.

Travel 130

Travel Occupancy Hotels Resorts 130

Hotel Management

JUNE 20, 2023

Sydney-born Public Hospitality Group is perhaps best known for its thriving network of pubs and bars, which includes the likes of The Norfolk Hotel and Maybe Sammy, but over the last 12 months, the business has been investing heavily in its accommodation offering, giving rise to a growing portfolio of boutique lifestyle hotels. “It

Business 242

Business Hotel Marketing Market Marketing 242

Hotel Management

JUNE 5, 2023

1834 Hotels invests in an advanced reporting system, integrating business intelligence tools for real-time insights and seamless operations. 1834 Hotels invests in an advanced reporting system, integrating business intelligence tools for real-time insights and seamless operations. Who is 1834 Hotels and How Can They Help?

Hospitality 147

Hospitality Hotels Operations Occupancy 147

Lodging

MAY 6, 2024

hotel performance has continued to inch toward normalized levels over the past three-plus quarters. Even with slightly higher supply in the market, group occupancy grew year over year in each month of 2023 except for December.

Business 167

Business Occupancy Market Marketing 167

Hotel Management

JUNE 15, 2023

As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Market Marketing 276

Hotelogix

JANUARY 30, 2024

As a hotelier, monitoring your hotel's performance is paramount to ensuring smooth operations and maximizing revenue. In this context, reports are critical as they provide key insights into your hotel's operations, from housekeeping to finance, marketing, and guest preferences.

Occupancy 59

Occupancy Average Daily Rate Hotels Cancellation 59

Hotel Management

APRIL 23, 2024

Independent hotel management company, Trilogy Hotels, is expanding its team with the appointment of five experienced executives to its leadership team. At Trilogy Hotels, she is tasked with leading a cohesive commercial strategy for the company’s growing portfolio.

Revenue 147

Revenue Hotels Sales Management 147

Hotel Management

JUNE 6, 2023

STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Management

DECEMBER 10, 2023

The ‘specialist skills’ pathway will be open to eligible applicants earning at least $135,000 in any occupation with the exception of trade workers, machinery operators and drivers and labourers. Australian Hotels Association CEO Stephen Ferguson said access to an effective migration program is critically important to the industry. “Of

Management 312

Management Accommodation Closing Hotels 312

Hotel Management

OCTOBER 10, 2023

Over 550 hotel industry professionals descended on Wellington’s new Takina Convention and Exhibition Centre for the second Aotearoa Hotel Industry Conference and Exhibition, marking a new attendance record for the event. Burke had plenty of positive news to share with occupancy trending back to 2019 levels, while rates are up 25%.

General Manager 249

General Manager Events Occupancy Resorts 249

Hotel Management

MARCH 14, 2024

Marriott International is making plans to bring Sheraton Hotels and Resorts to Hervey Bay, in the form of a 223-room five-star hotel component of the AU$445 million Torquay waterfront development. It is missing out on the marketing power of international hotel companies,” he said. “In

Resorts 264

Resorts Intent Occupancy Accommodation 264

Hotel News Resource

DECEMBER 6, 2023

To assess the impact of hotel spa departments on recent hotel operations, we analyzed the performance of 139 U.S. hotels that operate a spa and participated in CBREs Trends survey each year from 2018 through 2022. In 2022, these 139 hotels averaged 63.5% occupancy, along with a $426.78

Average Daily Rate 78

Average Daily Rate Occupancy Revenue Operations 78

Fuel Travel

MARCH 28, 2024

What is Hotel RevPAR? RevPAR is a cornerstone metric in the hotel industry. It is a key indicator of a hotel’s performance as it measures both occupancy rates as well as average daily room rates. RevPAR = Average Daily Rate (ADR) x Occupancy Rate (%). Getting more of them is easier said than done.

Revenue 90

Revenue Average Daily Rate Occupancy Digital Marketing 90

STAAH

MAY 7, 2024

Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. Amplify online engagement Lastly, the influence of social media in driving hotel room occupancy cannot be overstated.

Market 83

Market Marketing Occupancy Digital Marketing 83