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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% This is gained through the majority of individual days holding higher occupancy and not attributed to an event outlier, CoStar said.
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. “We
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%
No need to obsess over RevPAR or lose sleep over ADR – there are much more important metrics out there for revenuemanagers. Revenuemanagement is not a walk in the park. The latest guide by Mews, the industry-leading hospitality cloud, explores the new success metrics for revenuemanagers.
Often considered a dull, technical aspect of occupancy metrics for large chains, hotel revenuemanagement has easily been written off as being just about numbers and pricing. In reality, it is a strategic, creative discipline that can unlock significant value across all types of hotels and operations.
Hotel gift vouchers are a formidable strategy to amplify revenue streams and grow guest loyalty. Unlike any other monetary gift card, they can be tied into particular hotel services, enhancing revenue streams. Additional revenue stream, with the money clipped in even before the service is rendered. Gift vouchers are versatile.
As a leader in revenuemanagement consulting , were always at the forefront of what is happening in the hotel industry and keeping a close eye on how revenuemanagement trends keep evolving. While questions like What are the top trends in revenuemanagement for 2025?
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. Think TRevPAR over ADR Shifting focus toward optimizing total revenue per available room (TRevPAR) instead of purely occupancy or ADR can unlock performance gains.
The tour, which recently made history as the highest-grossing rock tour of all time, is the first rock tour to surpass US$1 billion in revenue, and second only to Taylor Swift’s The Eras Tour. Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% in Sydney and 50.3%
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. Advanced Strategies to Maximize Revenue a.
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. Ancillary revenue to the rescue! Markets are saturated. Competition is fierce.
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?
Think revenuemanagement is just for the big hotel chains or that it’s all about jacking up prices? Believe me when I say, as the COO of a revenuemanagement consulting firm, that at least one of the below misconceptions is draining your hotel’s profits faster than a leaky faucet. Quite the opposite.
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%
But while these platforms drive bookings, they can also cause unintended revenue loss — not because the platforms are flawed, but because of avoidable mistakes in how hotels manage them. How to fix it: Use your channel manager (like STAAH) to set a consistent BAR (Best Available Rate) across all OTAs as your pricing foundation.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. By encouraging guests to book directly through your website, you can keep more of the revenue and build stronger relationships with your guests. " can push guests to take action before they miss out.
Everything we do must connect to them ‘ ethos and how this approach has not only revolutionised the guest experience but has also become the driving force behind a more holistic and resilient revenue generation strategy, one that prioritises Revenue Per Available Guest (RevPAG) and cultivates meaningful, long-lasting guest relationships.
By leveraging technology and personalisation – such as dynamic pricing, seamless check-ins, tailored recommendations, and themed perks – hotels can enhance stays, strengthen guest loyalty, and sustain revenue well beyond the event. But price surges alone wont guarantee long-term success for hotels.
Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels. In the B2B travel sector, bed banks play a pivotal role by serving as a bridge between hotels and distributors , enabling efficient room inventory management and broader market reach.
Managing bookings across multiple channels has become a core part of running a successful hospitality business. From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. Choosing the best channel manager isn't just about convenience.
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.
According to Colliers Hotels New Zealand Hotel Market Snapshot for Q1, based on information from Hotel Data New Zealand, revenue per available room (RevPAR) was up 6.5% The post Rates drop in key New Zealands two largest cities appeared first on Hotel Management. to NZ$239 in Queenstown for the year ending 31 March.
STAAH has revolutionized Black Rock Hotels’ online booking process by implementing advanced technology solutions that streamline inventory management and synchronize distribution channels. This move has not only helped optimize operational efficiency but also resulted in significant revenue growth for the hotel chain.
STAAH’s stack of hospi-tech solutions like STAAH MAX Pro Channel Manager , Booking Engine , PMS Integration, Payment Gateway and WatchMyRate have enabled both these premium properties to grow their online bookings by 50% YOY and stabilise their ARR growth to 20%. said Harmin Mandora , Business Development Manager – STAAH.
With two consecutive long weekends plus school holidays, Queensland has a prime opportunity to recover some of the estimated $300 million in lost revenue caused by recent weather events. The post Accors Queensland hotels see Easter bookings spike appeared first on Hotel Management.
Enter AI-Powered RevenueManagement: eZee Mint AI Final Encore Some hoteliers hit the jackpot, while others? Even mid-range hotels significantly increased their rates, making three to four times their usual revenue in just a few nights. As a result, they ensured full occupancy at premium rates, making record-breaking profits.
For operators managing furnished apartments, aparthotels, or extended-stay inventory, this shift represents a significant revenue opportunity. What is the opportunity around extended-stay revenue? Even at lower nightly rates, the cumulative revenue per guest far exceeds short-term bookings.
Bezla’s proprietary, Provisionally Patented Hotel RevenueManagement Application provides our hotel owners with a competitive edge. Bezla’s hotel revenuemanagement experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
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?
Finding the right revenue optimization tool can feel like searching for a lighthouse in a storm, properties need a solution that provides clarity, direction, and control in a rapidly changing market. Why Matrix – Revenue Control? Flexible Season Management (Date Ranges) Previously fixed preset seasons are now fully customizable.
The hospitality industry is more data-driven than ever, yet marketing and revenue teams are still dancing to different tunes and that digital disconnect is costing real-life revenue. In a sector where hotel marketing budgets often account for just two to three percent of overall revenue 1 , there is precious little margin for error.
We spoke to luxury Bali property, The Komus, team about how STAAH has helped them with Get Google to boost direct revenue and bookings. Tackling low online visibility and direct revenue Before implementing STAAHs Get Google , The Komus online visibility through search was limited.
Delayed responses to maintenance issues quietly erode customer trust, damage reputation, and ultimately eat away at revenue. According to industry studies, a single-star drop in online ratings can reduce revenue per available room (RevPAR) by 5–9% in a competitive market. The Hidden Costs of Maintenance Delays 1.
Ive been in the revenue game for 20+ years, and let me tell you nothing grinds my gears like watching hotels leave money on the table. So, Im calling the mistakes out Here are 5 brutal revenuemanagement mistakes I see hotels make all the time as a CEO of a revenuemanagement consulting firm.
The integration will enable hotel and pub groups using Profitroom to access ResDiary’s intuitive restaurant management system, all within a single platform. It helps fill tables during off-peak times, maximising restaurant occupancy and revenue.
Periods of high demanddriven by holidays, festivals, or local eventscan strain resources, impact guest satisfaction, and complicate revenue and maintenance management. Preparing Amenities for Increased Demand Leveraging Data Analytics for Peak Season Management 1.
Some of your competitors made five times their usual revenue during the Coldplay concert simply by optimizing their pricing and room availability, while others failed to act and barely made a dent in their earnings. The question is, will you seize this opportunity, or will you watch another revenue surge pass you by?
Bezla’s proprietary, Provisionally Patented Hotel RevenueManagement Application provides our hotel owners with a competitive edge. Bezla’s hotel revenuemanagement experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
Furthermore, technological advancements, such as AI-driven building management systems and improved battery storage, promise to help streamline energy management, positioning hotels and other commercial properties to thrive while reducing their emissionsall while maximizing guest comfort. This is almost half the 6.6% through 2026.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. The partnership will offer several key benefits, including: Advertisements Increased Direct Booking Conversion: Personalized offers will be provided based on real-time occupancy data, driving higher conversion rates.
The number of factors identified to impact the success of a hotels revenuemanagement strategy continues to grow. I'm here to argue that there is one factor more important than all of these, and it is often overlooked in the revenuemanagement discussion.
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.
State-Level Involvement Historically, STR regulations were primarily managed at the municipal level. For example, in 2024, New York State passed legislation allowing counties to establish STR registries, requiring platforms like Airbnb and Vrbo to submit detailed data on listings and occupancy. max occupancy, permit number, location).
Bezla’s proprietary, Provisionally Patented Hotel RevenueManagement Application provides our hotel owners with a competitive edge. Bezla’s hotel revenuemanagement experts undergo not only brand-specific training but also complete Bezla’s extensive training program.
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