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CBRE: U.S. RevPAR, occupancy down in Feb.

Hotel Business

decrease in occupancy, which was driven in part by a 1.3% While consumers have the means to travel, dwindling COVID savings and below-average savings rates could be a headwind going forward. decrease in occupancy, which was driven in part by a 1.3% Food for thought Short-term rentals continued to take market share in February.

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Meet the marketer that’s steering Australia’s first Moxy hotel to success

Hotel Management

First-time general manager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. What type of traveller does Moxy appeal to? How is the hotel catering to that airport traveller? Are you welcoming a lot of airport travellers?

Market 147
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Travellers from China: Marketing to Chinese tourists

SiteMinder

What are Chinese travellers? Chinese travellers are individuals residing in China who travel domestically within their country or internationally to various destinations around the world. Table of contents Why should you capture the attention of Chinese travellers?

Travel 52
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The Cost of Inaction: How and When to Make Your Move in a Challenging Market

TravelNet

Where we’ve been and where we’re at The short-term rental market has predictably cooled off from its extraordinary stretch a few years ago, but stability appears to be close at hand. Supply growth in 2021 and 2022 had a significant negative impact on 2023 occupancy. The decline in occupancy since 2021 appears to have leveled out.

Market 52
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Exclusive: Ascott to open Sydney lyf, Oakwood Epping

Hotel Management

Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” Ascott acquired the Oakwood portfolio last year Lyf is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives.

Retail 246
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Cloudbeds unveils inaugural State of Hostels report

Cloudbeds

The findings suggest hostels are outpacing other accommodations in terms of occupancy rates, while average daily rates (ADR) for private rooms have grown globally. The first-of-its-kind report draws on extensive data, research, as well as daily interactions with hostels around the world to share insights and trends in travel for 2024.

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Cloudbeds unveils annual State of Independent Lodging Report

Hotel Speak

Adam Harris, Co-Founder and CEO of Cloudbeds , said: “The outlook for the travel industry in 2024 looks rather encouraging, with economic forecasts shifting from fears of a global recession to expectations of a soft landing and moderate growth. With demand relatively flat, hotels will need to focus efforts on growing market share and RevPAR.