This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
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.
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
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. While better than operating without data, this approach is reactive and inefficient, resulting in missed opportunities.
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.
Solid occupancy isnt enough anymore. Markets are saturated. 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. If you operate in a lifestyle-driven market (e.g.
Three Accor-operated hotels in Melbourne have hit the market, representing a portfolio sale worth an estimated AU$$200 million. Each asset is underpinned by strong income performance, institutional-grade operations, and long-term value upside. These characteristics are exactly what capital is chasing in the current cycle.
A bed bank is a business-to-business (B2B) travel provider that connects hotels with travel distributors, such as online travel agencies (OTAs) and tour operators. Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels.
STAAH has transformed the business operations and online reach of The Malhar Machi Mountain Resort and Jalsrushti Island Resort run by the SwaRa Group of Hotels in the outskirts of Pune. STAAH has helped us in managing our inventory seamlessly, grow our online presence and open doors to various market segments.
With STAAH’s powerful Channel Manager, Black Rock Hotels, which operates properties in Pushkar, Jaipur, and Ranthambore, can now update their room availability in real-time across multiple platforms, significantly improving operational efficiency.
In a move to modernise operations and streamline booking management, the hotel adopted STAAH’s distribution and revenue management tools. This significantly reduced the risk of overbookings and improved operational efficiency. The integration of STAAH’s WatchMyRate feature also played a crucial role in boosting direct bookings.
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.
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.”
Integration of Advanced Technology: The adoption of smart technologies is enhancing operational efficiency and guest satisfaction. We have deep expertise in F&B operations and last year saw significant increase in our F&B sales. We dont believe in a one-size-fits-all attitude to F&B. in the US, 71.2% in Europe and 65.1%
Hoteliers are under mounting pressure to modernize operations and exceed increasingly sophisticated guest demands. In response, hotels are increasingly enhancing traditional hotel software systems by turning to AI agentstask-specific, autonomous systems that augment staff, streamline operations, and personalize the guest journey.
As a result, real estate operators must meet these standards to mitigate financial risks associated with non-compliance, further motivating them to enhance performance. As hotel operators recognize that investing in energy efficiency can lower operational costs and enhance cash flow, momentum for sustainability continues to grow.
Often considered a dull, technical aspect of occupancy metrics for large chains, hotel revenue management 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.
and occupancy also ticking up slightly. Regional highlights: The Northeast and Central regions led the country in occupancy growth at 1.3%, as cities like New York, Chicago and Nashville benefited from both leisure and business travel. From April 2024 to March 2025, U.S. hotels saw RevPAR rise 2.4%, ADR increase 1.9%
From hotels and vacation rentals to holiday apartments, properties of all types rely on channel managers to simplify operations. How to Pick the Right Channel Manager for Your Business There are hundreds of options in the market. For small operators, simplicity and affordability might be the priority.
TORONTO Canadas hotel investment market saw significant growth in 2024, with total transaction volume reaching $2 billion, a 16 per cent year-over-year increase, according to Colliers INNvestment Canada Hotel Report Q4 2024. Overall occupancy levels remained flat, increasing by just 0.1 per cent year-over-year. per cent of revenue.
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
growth in international markets. He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. Marriott’s reported operating income totaled $752 million in Q4, compared to Q4 2023 reported operating income of $718 million. Marriott International Inc. & Canada and 7.2%
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.
Here are some creative ideas and tips to set you on the path to success: 10 Game-Changing Ideas to Boost Hotel Revenue with Gift Vouchers 1) Your audience in any marketing activity is half the job done. This can help in managing occupancy rates more effectively. Always target your voucher campaigns to specific audience categories.
Tailored for boutique hotels, luxury resorts, and short-term rentals, Journey provides independent operators with the tools to compete on loyalty and guest experience without sacrificing control or character. This infrastructure enables real-time personalization and automates key touchpoints throughout the guest journey.
The Market Insights report – Asia & subregions offers in-depth insights into passenger traffic, hospitality market indicators, top-performing destinations, and new routes in the Asia Pacific region. It offers actionable insights and data-driven strategies to navigate the dynamic market landscape.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. These tools can adjust your rates automatically, based on real-time data and market trends.
Managing a hotel isnt just about filling rooms; its about making your systems and operations work together seamlessly. 1) PMS + channel manager = real-time peace of mind Your Property Management System (PMS) is your operational command centre. You can maximise occupancy and revenue without manual rate updates.
Destination Canada’s data shows strong future demand, with flight bookings for 2025 already up four per cent, especially from key international markets and “highly-engaged travellers” who prioritize values-based travel and off-season exploration. That’s a major opportunity for our domestic hotel market.” this summer.
[CLIC] Connect Podcast Hosted by Craig Sullivan, the [CLIC] Connect Podcast focuses on the California hospitality industry, featuring interviews with industry leaders discussing market trends, investment opportunities, and operational insights. Who’s it for? Who’s it for? Who’s it for? Who’s it for? Who’s it for? Who’s it for?
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. Optimized Marketing Spend: Hotels will be able to focus on periods of lower occupancy, efficiently allocating their marketing resources.
By utilizing the power of data, hotels can anticipate demand surges, optimize maintenance operations and enhance the guest experience. Predictive Demand Forecasting Predictive analytics utilizes historical data, market trends, and external factors to forecast future demand. Preferences : Room type, amenities, services used.
With consumer behaviours evolving, and the lines between tech platforms, marketing, and operations blurring, a modern strategy goes far beyond just listing rooms on online travel agents (OTAs). A drop below 30% occupancy? Push a ‘3D2N Getaway’ deal across selected markets in minutes. And timing matters.
Breaking into the Indian hospitality tech market isnt easy. Yet, despite the scale, much of the market still relies on on-premises property management systems. This presents a clear opportunity for cloud-based providers: not just to grow with the market, but to replace the outdated systems that are already there.
Mews adds point-of-sale to its hospitality cloud Mews has added Mews POS (Point-of-Sale) to the embedded payments experience offered with Mews Hospitality Cloud, providing increased operational time savings for hotels and a frictionless experience for guests.
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.
Established in 2016, RevenYou is a specialist consultancy firm supporting accommodation businesses across Australia, New Zealand, and the Pacific with revenue management, sales, marketing, and systems integration. Let’s look at five examples. Tamie Matthews – Founder & CEO, RevenYou 2.
Short-term rental operators have never had more tools at their disposal—or more competition. 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. Is your housekeeping labor cost in line with occupancy?
Often hoteliers find it challenging to move systems; because it’s so disruptive to business operations. We’re implementing things in a phased way to try and ensure seamlessness for the operations team. People are more value-driven, waiting for that last minute deal, whichever end of the market youre operating in.
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. Rising Operational Costs and Inefficiencies Reactive maintenance is like playing an endless game of catch-up. Integrated Communication Channels Maintenance doesn’t work in a vacuum.
For operators managing furnished apartments, aparthotels, or extended-stay inventory, this shift represents a significant revenue opportunity. However, a lot of hoteliers still lack access to the right distribution network to respond to this demand and capture a lucrative market. How do SiteMinder and Blueground work together?
Over time, tracking your competitors’ pricing and market position reveals shifts in rates and guest preferences, allowing you to anticipate changes and adapt your pricing and marketing proactively. Understand trends. However, as traveling became more accessible, the decision processes changed.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content