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Now the property is attracting a wide range of guest segments, operating at 75% occupancy, and turning a profit that the owners can use as leverage to sell the business and move onto new challenges. Let’s look at five examples.
Key takeaways Googleâ¯Hotels erodes in EU marketshare : DMA-driven changes and AI Overviews have eroded Googleâs dominanceâat least marginallyâopening opportunities for OTAs to recapture traffic. Jun 25, 2025 ⢠Hospitality U.S.
The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22. Given Sydney’s CBD represents the epicentre of tourism and business within Australia, and noting the breadth of ancillary services (retail, hospitality, etc.),
An improvement in economic conditions is on the horizon with leisure and business tourism set to benefit, according to CBRE Director – Hotels and Leisure, Peter Hamilton. Following an initially strong recovery in demand following international border openings in mid-2022, demand growth slowed in most New Zealand hotel markets from early 2024.
In addition to revenue, forecasts often include projections for important metrics like average daily rate (ADR), occupancy rates, and the contribution share from different segments such as transient, corporate, and group bookings. These trends can impact room rates, ancillary revenue, and overall occupancy patterns.
Increasing your Hotel's MarketShare Growing your marketshare requires strategic marketing and distribution efforts. Strategic marketing and distribution: Optimize your presence across all distribution/sales channels. Utilize data analytics to forecast demand accurately and adjust prices in real-time.
By Nicole Di Tomasso According to Avison Young’s Canada Hotel Market Report, Canada’s hotel industry demonstrated a strong recovery in 2023, surpassing pre-pandemic levels in key performance indicators (KPIs) such as Average Daily Rate (ADR), Revenue Per Available Room (RevPAR) and occupancy. In comparison to 2022, occupancy was 65.7
“These regions offer strong growth potential due to their economic diversity, thriving tourism sectors and strategic importance in both domestic and international travel markets. From a marketshare perspective, HE Canada is running over 110 RPI YTD in 2024. per cent to three per cent in 2025.
This group has become a significant force in the global tourism industry due to China’s large population, growing middle class, and increasing disposable income. China is home to one of the most massive outbound tourism sectors globally. In population size, that market is made up of just over 300 million people.
You know, I’ve worked in agency environments in PR and integrated marketing for hospitality and tourism companies. I’ve worked at Lakeside Resorts, I worked for Marriott where I spent most of my career is in field marketing at Marriott International for about 14 years. That was a huge initiative for us back in April.
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