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CBRE’s From Runway to Room Nights report found that 56 new routes have added 10,500 annual flights into key Australian cities, which could lift Australia’s hotel occupancy by an average of 3.4% CBRE Hotel’s Troy Craig says supply constrained markets such as Brisbane, Perth and Cairns are particularly well positioned to benefit.
Australia’s hotel sector, whilst choppy, continues to demonstrate remarkable resilience with national occupancy rates at 71% and RevPAR up 3.8% Scott Boyes, Trilogy Hotels Sydney leads the recovery charge with occupancy at 78% and RevPAR growing to an impressive $215, making this market our standout performer.
From predictive pricing to generative content, AI is driving a new wave of digital marketing innovation that can directly impact a hotel’s bottom line. Enhance Online Visibility with Content Creation and SEO In the realm of content marketing and SEO, AI is also revolutionizing workflows. Tools like ChatGPT and Jasper.ai
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.
More than 120 hoteliers from New South Wales hotels were in attendance for the recent Accommodation Australia NSW Hotel Market and Economic Outlook Update at Hilton Sydney. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.
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.
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.
Hotel Performance February 2-8, 2025 Percentage change from comparable week in 2024 Occupancy: 55.9 percent) Among the Top 25 Markets, New Orleans reported the largest increases in each of the three key performance metrics: occupancy (up 13.6 percent (down.5 5 percent) ADR: $156.03 (down 2.2 percent) RevPAR: $87.22 (down 2.7
Hotel PerformanceNovember 10-26, 2024 Percentage change from comparable week in 2023:Occupancy: 63.3 percent) Among the Top 25 Markets, Tampa saw the largest increases across each of the three key performance metrics: occupancy (up 30.3 percent (up 1.5 percent)ADR: $154.96 (down 1.1 percent)RevPAR: $98.11 (up 0.4 percent to 87.2
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.
percent) Among the Top 25 Markets, San Francisco saw the largest increases in occupancy (up 17.2 Hotel PerformanceJune 15 – June 21, 2025Percentage change from comparable week in 2024Occupancy: 70.5 percent (up 1.3 percent)ADR: $163.77 (up 2.0 percent)RevPAR: $115.39 (up 3.3 percent to 72.2 percent) and RevPAR (up 26.7
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%
Hotel PerformanceNovember 3-9, 2024Percentage change from comparable week in 2023:Occupancy: 62.6 percent) Among the Top 25 Markets, Las Vegas saw the largest increases across each of the three key performance metrics: occupancy (up 6.8 percent (down 3.5 percent)ADR: $156.11 (down 0.1 percent)RevPAR: $97.73 (down 3.5
One Global Capital Chairman and Group CEO, Iwan Sunito, has introduced a new hotel brand to the market, One Global Resorts, with the official rebranding of his Skye Suites Green Square property on Thursday evening. Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We
SAN FRANCISCO, California—Duetto and The Hotels Network (THN), a Lighthouse company, announced a strategic partnership that enables hoteliers to boost direct bookings and optimize marketing spend. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns.
percent) Among the Top 25 Markets,St. Louissaw the largest increases in occupancy (up 27 percent to 76.8 Only five markets saw a […] The post CoStar: U.S. Hotel PerformanceMarch 23-29, 2025Percentage change from comparable week in 2024Occupancy: 65.1 percent (up 4.4 percent)ADR: $161.65 (up 2.5 percent), ADR (up 15.8
Hotel Performance February 16-22, 2025 Percentage change from comparable week in 2024 Occupancy: 60.3 percent) Among the Top 25 Markets, Los Angeles saw the largest occupancy increase (up 10.4 percent (down 2.7 percent) ADR: $159.90 (up 2.5 percent) RevPAR: $96.49 (down 0.3 percent to 74.8 percent) and RevPAR (up 16.7
percent) Among the Top 25 Markets, St. Louis saw the highest occupancy lift (up 7.1 Hotel PerformanceJune 8 – June 14, 2025Percentage change from comparable week in 2024Occupancy: 68.6 percent (down 2.4 percent)ADR: $163.43 (up 0.6 percent)RevPAR: $112.11 (down 1.8 percent to 73.2
Hotel Performance January 26-February 1, 2025 Percentage change from comparable week in 2024 Occupancy: 56.5 percent) Among the Top 25 Markets, Minneapolis reported the largest increases in occupancy (up 13.6 percent (up 2.3 percent) ADR: $150.25 (up 1.8 percent) RevPAR: $84.90 (up 4.1 percent to 47.4 percent) and RevPAR (up 16.7
For years, the gold standard guiding business strategies for hotels has relied heavily on historical data, analyzed a few times a year (at best), making it difficult to swiftly respond to changing market conditions. For hotels, this includes making dynamic rate suggestions and identifying segments and offers for marketing campaigns.
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.
The latest report, New Zealand Hotel Performance Focus, shows that this growth was achieved despite ongoing declines in key urban markets such as Auckland and Wellington. Occupancy in this segment reached close to 78%. An uptick in Australian visitors to New Zealand has helped drive a 2.9%
Three Accor-operated hotels in Melbourne have hit the market, representing a portfolio sale worth an estimated AU$$200 million. With occupancy, ADR, and event-driven demand rebounding to pre-pandemic levels, the timing is compelling for both counter-cyclical investors and those seeking long-term growth,” he said.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. We are excited to launch this innovative integration that enhances the hotels’ most profitable channel, while enabling more efficient marketing spend.”
Hotel Performance 2024 (Percentage change from 2023): Occupancy: 63 percent (flat) ADR: $158.67 (up 1.7 percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 3.3 WASHINGTONThe U.S. percent) RevPAR: $99.94 (up 1.8 percent to 84.3 […] The post CoStar: U.S.
Among the Top 25 Markets,St. Louissaw the highest gain in occupancy (up 19.3 […] The post CoStar: U.S. Hotel PerformanceMay 18 – May 24, 2025Percentage change from comparable week in 2024Occupancy: 67.5% (down 0.4 percent)ADR: $164.57 (up 1.5 percent)RevPAR: $111.02 (up 1.1
percent) Among the Top 25 Markets, Anaheim saw the highest occupancy lift (up 15.5 Hotel PerformanceMarch 16-22, 2025Percentage change from comparable week in 2024Occupancy: 66 percent (up 1 percent)ADR: $165.48 (up 1.8 percent)RevPAR: $109.22 (up 2.8 percent to 83.8 Chicago reported the largest increases in ADR (up 17.8
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% to NZ$239 in Queenstown for the year ending 31 March. This follows a record average daily rate of NZ$673 that was reached on 31 December 2024.
The 20% drop in the share prices of key hotel chains, including Marriott and Hilton off recent highs (despite a general market rebound) shows how this uncertainty has filtered to investors. The Singapore market absorbed the increase in supply in 2024 well, with ADRs remaining well above historical levels and hotels reporting strong occupancy.
percent) Among the Top 25 Markets, St. Louis saw the largest increases in occupancy (up 27.1 Hotel PerformanceJune 29-July 5, 2025Percentage change from comparable week in 2024Occupancy: 61.1 percent (down 0.4 percent)ADR: $156.71 (down 0.9 percent)RevPAR: $95.80 (down 1.3 percent to 64.0 percent) and RevPAR (up 38.4
Among the Top 25 Markets,San Franciscosaw the largest occupancy increase (up 17.1 Hotel PerformanceApril 6 – April 12, 2025Percentage change from comparable week in 2024Occupancy: 65.6 percent (down 0.3 percent)ADR: $162.72 (up 0.5 percent)RevPAR: $106.81 (up 0.2 percent to […] The post CoStar: U.S.
Strong loyalty programs help hotel brands lower customer acquisition costs, increase direct-to-consumer access, and offset occupancy shortfalls during shoulder periods and weaker economic conditions.
Hotel Performance December 2024 Percentage change from December 2023 Occupancy: 53.2 percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 1.4 percent (up 1.1 percent) ADR: $156.67 (up 3.3 percent) RevPAR: $83.30 (up 4.4 percent to 87.9
Duetto and The Hotels Network (THN), a Lighthouse company and a direct growth platform for hotels, have formed a strategic partnership that enables hoteliers to boost direct bookings and optimize marketing spend. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns.
Hotel Performance January 12-18, 2025 Percentage change from comparable week in 2024 Occupancy: 55.8 percent) Among the Top 25 Markets, San Francisco reported the largest gains in each of the three […] The post CoStar: Calendar Shift Leads to Positive Yearly Comparisons for U.S. Day calendar shift, the U.S. percent (up 6.7
Hotel Performance November 17-23, 2024 Percentage change from comparable week in 2023 Occupancy 59.7 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year occupancy increase (up 62.9 percent (up 20.7 percent) ADR $150.49 (up 8.6 percent) RevPAR $89.80 (up 31.1 percent to 76.7
From natural disasters in Queensland and NSW, to tariffs upending market confidence across the globe, navigating what it means for the tourism sector is ever-changing. During Cyclone Alfred, CoStar STR data showed that on the 11th of March, occupancy in the Gold Coast region was down 38%, versus the same day last year.
June 29 through July 5 (percentage change from comparable week in 2024): Occupancy: 61.1% (-0.4%) ADR: $156.71 (-0.9%) RevPAR: $95.80 (-1.3%) Among the top 25 markets, St. Louis saw the largest increases in occupancy (+27.1% Las Vegas recorded the steepest declines in each of the three key performance metrics: occupancy (-16.8%
Unlike traditional rate shopping applications that only search either the GDS or brand sites, Bezla’s application scans the entire web, offering an in-depth view of the market and enabling our hotels to excel. Bezla’s proprietary, Provisionally Patented Hotel Revenue Management Application provides our hotel owners with a competitive edge.
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.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. He has over 20 years of global experience across finance, strategy, and operations.
In a maturing market, the old rules often don’t apply. Here’s what it really means to be a data-driven PMC in a saturated market—and how to use that mindset to stay ahead. Shift from reactive to proactive Saturated markets favor operators who move quickly and strategically. Is your housekeeping labor cost in line with occupancy?
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