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CoStar reports occupancy levels of 78.8% Following the markets seasonal pattern, New Years Eve pushed Sydneys daily ADR (AUD854.38) and RevPAR (AUD807.62) to record highs, while occupancy was 94.5% the highest level in the metric in December, CoStar said. for December 2024, up 2.1% and AUD482.35, respectively.
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% Hotel occupancy is a key economic indicator,” said Goodwin. up just 0.6% on September 2023 (72.1%). compared to 68.7% in the first nine months of 2023.
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%
Throughout the event, which ran from May 24 through to June 15, occupancy rates stayed strong despite unfavourable weather conditions, with hotels reporting 75% occupancy on weeknights and up to 90% on weekends. The post Hotels enjoy strong occupancy levels in Vivid Sydney’s 14th year appeared first on Hotel Management.
Nuell said the partnership over the past three years has resulted in more Marriott Bonvoy sign ups, increased brand awareness and increased hotel occupancy and revenue in the company’s 10 Melbourne hotels. “The We operated at high occupancy throughout the tournament, and are currently pacing in line with last year.
The post Accors Brisbane hotels kick occupancy goals for footy weekend appeared first on Hotel Management. The strong performance were seeing across our hotels this week highlights the incredible pull of live sport as a tourism and economic driver. Our teams are going all out to deliver unforgettable experiences for every guest.
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. The post Amadeus and AMT partner to help Chinese hotels increase their occupancy appeared first on Amadeus Hospitality.
Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We We have seen record occupancies over the past two weeks with the hotel closing the second part of October at 97.8%,” said One Global Resorts Green Square General Manager, Quercy Jouannes. “We
No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenue managers. Revenue management is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenue managers. Get your copy here.
Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.
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.
Event-related occupancy forecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) General Manager, Dougal Hollis.
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% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”
Despite cost-of-living pressures, occupancy levels remain high and in demand both from a leisure and business perspective. The post Exclusive: Hilton leans into location with The Tapestry Collection appeared first on Hotel Management.
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. The post ‘Specialist skills’ visa could help secure much-needed hotel managers, says AA CEO appeared first on Hotel Management.
General Managers and other senior staff from top hotels gathered heard from a variety of guest speakers about market conditions including the impact of cost-of-living pressures and global uncertainty on the travel and hotel landscape. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.
It’s not about occupancy—it’s about total revenue and, ultimately, profit. It’s time for a strategic shift. Success in today's hospitality market isn’t about filling every room; it’s about filling your hotel with the right guests. This is the move from being a bed-provider to a value-creator.
With more channels, shifting guest expectations, and tighter margins, the Channel Manager is now central to commercial strategy. Its not just about where youre listed, its about how well you manage, price, and promote across every touchpoint. Rethinking the Role of a Channel Manager 3. Choosing and Managing Your Channel Mix 8.
Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.
In the first quarter of 2023 – helped by the reopening of Greater China – APAC hotel occupancy hit 61.7%, surpassing 2019 levels by 3%. Greater China is leading the region’s recovery growth, with Q1 2023 hotel occupancy outpacing Q1 2019 by 5%. in January 2023 to 76.5% in March 2023.
Solid occupancy isnt enough anymore. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Why You Cant Rely on Occupancy Alone First, lets state the obvious: you dont control demand.
Accommodation Australia reported sporting fans from Queensland and around the country are jetting interstate to enjoy the action, resulting in “skyrocketing” occupancy levels for hotels. Northerners keen to see in the AFL on Saturday have also boosted Melbourne hotels with around 80% occupancy for both Friday and Saturday nights.”
As a leader in revenue management consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenue management trends keep evolving. While questions like What are the top trends in revenue management for 2025? Want to read more about the basics of revenue management?
Accommodation Australia NSW General Manager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD. The post Sydney Marathon’s world series status to add $73 million in visitor spending over three years appeared first on Hotel Management.
Hotel housekeeping managers need to deliver exceptional turnkey service for guests who expect fresh and thoroughly cleaned rooms when they arrive to take well-deserved rests after long journeys.
Its no longer enough to glance at daily occupancy numbers or fleeting ADR trendshoteliers must dig deeper to ensure that every decision they make aligns with profitability and guest satisfaction. Every hotel general manager should address these three pivotal questions: What are your most profitable guest segments and customers?
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%
Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne.
has launched its new Nomadix Energy Management Solution that addresses the market need to reduce operational costs and reach sustainability goals. Energy management systems (EMS) are high-impact investments that deliver proven value and a measurable ROI. Nomadix Inc.
This presents both an opportunity and a challenge – higher occupancy rates and premium pricing mean hotels must deliver an experience that justifies the cost to ensure repeat visits after the event ends. But price surges alone wont guarantee long-term success for hotels.
Managing online bookings is one of the biggest challenges for hotels today, especially when they work with multiple Online Travel Agencies (OTAs) like Booking.com, Expedia, and Agoda. Thats why a Channel Manager is essential. Heres what happens when you rely on outdated systems or spreadsheets to manage your online distribution: 1.
8 practical tips to increase your hotel’s occupancy rates - Insights With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed.
This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?
Marriott International has reported high occupancy levels this week across its 10 Melbourne hotels, up 6% year on year. The post Marriott reports international travellers behind Melbourne room sell out on Grand Prix weekend appeared first on Hotel Management.
EVT Hotels and Resorts is partnering with Oscars Group for the first time, under a deal to manage a 186-key hotel in Brisbanes Fortitude Valley. We look forward to delivering strong occupancy for the property, supporting a world-class stay.
The Singapore market absorbed the increase in supply in 2024 well, with ADRs remaining well above historical levels and hotels reporting strong occupancy. The post Exclusive: The Good, The Not So Good and The Bad news for travel and tourism appeared first on Hotel Management.
Managing a hotel isnt just about filling rooms; its about making your systems and operations work together seamlessly. Enter the channel manager. 1) PMS + channel manager = real-time peace of mind Your Property Management System (PMS) is your operational command centre.
Occupancy in this segment reached close to 78%. The post Australian travellers drive RevPAR increase across The Tasman, Howarth HTL reports appeared first on Hotel Management. The transition towards premium accommodation and greater international demand underpinned Queenstowns strong result for April.
In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy. The post Rates drop in key New Zealands two largest cities appeared first on Hotel Management.
In the exclusive video interview below, she says thanks to economic uncertainty, it’s challenging to forecast the key metrics of RevPAR, rate and occupancy, but the United States outlook remains positive. The post Exclusive video: STR President Amanda Hite’s global performance expectations appeared first on Hotel Management.
Sport, in particular, is proving to be a powerful catalyst for weekend occupancies, and with the British and Irish Lions rugby tour set to take place over winter, we expect this trend to gain even more momentum. The post Accors Queensland hotels see Easter bookings spike appeared first on Hotel Management.
Marriott Bonvoy is celebrating a successful Australian Open as the events official accommodation partner for the fourth year running, with increased occupancy at its 10 Melbourne hotels, enhanced brand awareness and greater member engagement.
Sofitel Melbourne On Collins General Manager, Stephan Leroy, is expecting a strong result for the hotel this Australian Open. Over the first weekend of the Australian Open, Melbournes luxury hotels saw a 9% increase in occupancy, Leroy told HM , quoting STR data.
is set to acquire Queenslands Castaways Resort and Spa Mission Beach, President and Managing Director, International Operations, Barry Robinson, announced at AHICE Asia Pacific on Thursday May 7. acquires beachfront resort in Queensland appeared first on Hotel Management. Travel and Leisure Co. The post Travel and Leisure Co.
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