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Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. Charania added, We have to remain the warm and friendly Canadians we are, referencing a 38-per-cent rise in domestic travel intent.
We’ll position those brands specifically to buyers with buyers intent in the marketplace, looking for things like that. I mean, absolutely lofty RevPars, ADRs, and occupancies. And, you know, to your first point, it was fascinating to hear the science behind that intentional programming. It is a powerhouse.
Marketing for realestate agents is a must in an age where 41 percent of homebuyers search online for properties first. Positioning your realestate firm as the premier choice in your neighborhood with the best properties for sale can win you more customers and drive revenue.
Olaide Oboh , director, Socius [GS] Realestate is about people, says Oboh, director at Socius. Before joining the family business, Oliver worked for Deutsche Bank in London, New York and Düsseldorf on the Commercial RealEstate Credit team. Oliver has overseen the new WaterWalk Gen.
Though 2023 proved to be a challenging year for commercial realestate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.
The 50bps is a good thing for commercial realestate, but we are still a couple of years from recovery.” population and commercial realestate, but not older Americans.” “The CMBS will go from low 8s to very high 7s. A bridge will still be SOFR +550, which is still 9-10. Equity (mezz) will still be 14-16%.
in the third quarter of 2023, compared to the third quarter of 2022, driven by occupancy up 420 basis points and ADR up 2.6%. The company has a signed letter of intent for one additional asset and expects the transaction to close in the first half of 2024. Comparable system-wide RevPAR increased 8.9% As of Sept.
As interest in digital twins grows, technology providers are rolling out new products to meet the demands of hospitality and realestate professionals. Episodes are created in partnership with local destination management organisations (DMOs), and itineraries are informed by Tripadvisor’s traveller intent data. .
Our Board of Directors is composed of a veritable who’s who in the safety and technology landscapes—everything from Chief Safety Officers for the largest realestate asset management companies in the world, to former Navy SEALS, and even, CTOs from the Fortune 500. In the end, we all have to be in”it” together.
Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. How has this impacted ADR and occupancy? Bob Singh: A great year.
We are also working to really focus on demand generation and capturing demand and occupancy as it sort of stabilizes and resets to a degree. So for example, you know, we may have some hotels that summertime is their peak travel time and it’s their peak occupancy months. That was a huge initiative for us back in April.
Where we got to the closest thing to zero occupancy is we could get, but there was still a demand for that type of, uh, stay for that type of experience. And we know our honors guests are fiercely loyal, Home2 runs over a 70% honors, um, occupancy. And so that is like the most important piece of value realestate.
And before I knew it, he was asking me to pay the realestate taxes and come up with a sales and marketing plan. So if they’re expecting to find a clean, friendly hotel, it’s our intention to provide that when they arrive. So a lot of opportunity out there for occupancy for sure.
The intent was to increase that exemption from 35,500 to almost a 60-65% increase, in a very short amount of time, which would’ve taken place and gone into effect on January 1st of this year. It’s actually the owner that owns the realestate. We’re looking at about $777 billion in 2025.
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