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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.
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%
reported a record development pipeline in its second quarter 2025 results, as well as a.5% With that being said, we believe the economy in our largest market is set up for better growth over the intermediate term, which should accelerate travel demand and, when paired with low industry supply growth, unlock stronger RevPAR growth.
growth in international markets. He added, “In the fourth quarter, worldwide RevPAR rose 5%, driven by gains in both ADR and occupancy. from year-end 2023 At the end of the year, Marriott’s worldwide development pipeline totaled nearly 3,800 properties and more than 577,000 rooms The company returned more than $4.4
. “All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into 2025. compared to the same period in 2023 due to increases in both occupancy and ADR. .” 31, 2023 Diluted EPS was $2.06
.” Established in 2013, the Ruby brand currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The pipeline hotels are set to open over the next three years across more European cities including Edinburgh, Marseille, Rome and Stockholm. .”
“Our unique positioning has enabled us to outperform our peers, gain market share and emerge stronger even in periods of economic uncertainty. compared to March 31, 2024, and the segment’s pipeline reached to more than 40,000 rooms as of March 31, 2025. and occupancy levels increased by 30 bps.
million during full-year 2024, representing 6% of the company’s market capitalization at the beginning of 2024. and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. from year-end 2023, and its pipeline reached nearly 43,000 rooms. Global pipeline as of Dec.
and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% year-on-year increase in our pipeline. pts Gross system size growth accelerated to +7.1% YOY, +1.5%
Shifts in the real-estate market, such as declining demand for office and strata developments, have created a rare window of opportunity for hotel development. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.
The New Zealand market is not without its challenges, and a unified approach to industry representation at government level could have a powerful impact, writes The Ascott Limited Managing Director – Australia, David Mansfield. Our properties are performing well, with solid occupancy and rate performance.
Every hotelier dreams of high occupancy, steady revenue, and a thriving business year-round. Far too often, hotels still operate in silos, where marketing, sales, and revenue teams dont always work together. Commercial strategy to supercharge demand generation Typically, marketing, sales, and revenue management function independently.
Hyatt (up 32 per cent to USD$8 billion) holds second place, boosted by net rooms growth, a record development pipeline and major openings across Asia and South America. Leisure and experience-led travel continue to drive performance, while key metrics like occupancy and RevPAR are on the rise. Marriott (up 20 per cent to USD$3.8
As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market. Melbourne is the primary recipient of new room supply (35% of total).
Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.
Skift Take: India’s booming aviation market coupled with sustained economic growth have made global hospitality titans check into the country with a robust pipeline of hotels over the next five years. Amrita Ghosh Read the Complete Story On Skift
Wyndham Hotels & Resorts reported its second quarter results, including growing its development pipeline by 7% and system size by 4% in the period. Development pipeline grew 1% sequentially and 7% year-over-year to a record 245,000 rooms. Awarded 180 development contracts globally, including 96 contracts in the U.S., In the U.S.,
The company’s development pipeline consists of nearly 2,000 hotels and approximately 243,000 rooms, an all-time record for the latter. Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. and growth of 14% internationally.
In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Thailand’s well-established and diversified hospitality market also looks attractive. Investment volume is expected at THB9-10 billion, close to the 10-year average volume of THB11.7
In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared. Elsewhere in the Australia Pacific region, Marriott is experiencing strong growth. “I
Hotel asset management firm Axsia HTL is predicting a drop off in hotel management agreements (HMAs) in 2024 and beyond as more owners opt in favour of franchise agreements, which are predominate in the US market. Hobart, Melbourne, Adelaide, and Perth have seen an influx of new stock over the past three years,” Simpson said.
Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. A lot of the target [market] was around project-focused corporate opportunity. It is a mix. Can you tell us a bit about that?
The Ascott Limited is expanding its co-living brand Lyf to new markets with the announcement of eight new property signings spanning city and resort locations across Europe and Asia Pacific. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
We’ve just had a 90-day cap [on development approval for short-stay accommodation in the Perth metro area] announced in Western Australia, as well as a AU$10,000 incentive for Airbnb hosts to put their properties back into the long term market for at least a period of 12 months, which is quite incredible.
30, reported a record-high development pipeline of 1,930 hotels. Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. economy brands gained market share of 100 basis points in the third quarter. The company’s U.S.
vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% vs 2019; occupancy +4.1%pts rooms (123 hotels) in Q3, +27% vs 2022; global pipeline of 292k rooms (1,978 hotels), +5.1% Occupancy was 72%, up 0.7% The Americas saw a 4.1% increase, with a 15.9%
Real estate experts at Colliers claim the future is bright for hotel investment in Australia with traditional property investors eyeing the over AU$2 billion in assets on the market – 75% of which were listed in Q3 2023. Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer.
Global occupancy moved up to 62% and ADR increased by a further 2% as pricing remained robust, reflecting the complete return of leisure, business and group travel.” YOY; the global pipeline at the end of the quarter was 305,000 rooms (2,079 hotels), up 6.6% Occupancy was 63.1%, down 1.1 YOY, with occupancy up 2.7
Following the success of Maximum Occupancy New Zealand and successful partnerships in the region, BWH Hotels ramps up its focus on emerging growth opportunities in New Zealand. BWH has a strong pipeline of future lifestyle, luxury and extended stay offerings to bring to Australia and New Zealand.
Travel demand is very healthy, with RevPAR improving year-on-year across all our markets and exceeding 2019 pre-pandemic peaks for four consecutive quarters. market alone. Brand highlights Luxury & Lifestyle IHG is successfully driving growth and market share in the higher fee per key Luxury & Lifestyle segment.
Other highlights include: Americas FY RevPAR up 7% YoY (Q4 +1.5%), EMEAA +23.7% (Q4 +7%) and Greater China +71.7% (Q4 +72%), reflecting the differing levels of travel restrictions that were still in place in 2022 ADR up 5% vs 2022, +13% vs 2019; occupancy up 6 pts. Iberostar); global pipeline 297K rooms (2,016 hotels), +5.5%
in international markets, compared to the same period last year. First quarter worldwide RevPAR grew 34% year-over-year [YOY], with meaningful gains in both occupancy and ADR,” said Anthony Capuano, president/CEO. “International markets were particularly robust, with RevPAR growth of 63%. . & million rooms.
We continue to drive long-term growth of our global network through the launch of strategic new brands and have already added more than 60,000 rooms to our development pipeline during 2023.” compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1%
in international markets. For the year, the company added more than 65,000 rooms globally during 2022, including approximately 40,000 rooms in international markets and nearly 17,500 conversion rooms. Approximately 199,000 rooms in the pipeline were under construction as of the end of 2022 “In our largest region, the U.S. &
We awarded 10% more franchise contracts domestically this quarter, driving 5% growth in our development pipeline. which increased 10% YOY Development pipeline grew 1% sequentially and 5% YOY to a record 248,000 rooms Ancillary revenues increased 8% compared to third-quarter 2023. Key highlights include: 7% growth in the U.S.
Find out how strong market fundamentals, driven by solid ADR and occupancy rates, are creating a positive investment environment for hotel owners to buy and sell. This month’s issue of Hotelier takes a deep dive on the topic of hotel investment.
At the end of December 2023, the group had a hotel portfolio of 821,518 rooms (5,584 hotels) and a pipeline of 225,000 rooms (1,315 hotels). Fourth-quarter RevPAR The Premium, Midscale and Economy (PM&E) division grew its RevPAR by 12% versus Q4 2022, still driven more by prices than the rise in occupancy rates.
Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Robert Shrimsley, Financial Times 2. See also: The State of Hospitality 2024 (Free Report) 3.
“Despite the distraction, uncertainty and misperceptions caused by Choice and their slanted and constant communications to our franchisee base, room openings accelerated and our global development pipeline grew by 10% to an all-time high of 240,000 rooms. Development pipeline grew 1% sequentially and by 10% YOY to a record 240,000 rooms.
For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. Based on the report, as of December 2023, 57 per cent of the national pipeline rooms were in Ontario, with British Columbia a distant second at 21 per cent.
In 2023 (percentage change from 2022): Occupancy: 65.7 In 2023 (percentage change from 2022): Occupancy: 65.7 For 2024, occupancy is forecasted to contract 1.4 Among the provinces and territories, Manitoba recorded the highest 2023 occupancy level (72.2 Among the major markets, Vancouver saw the highest occupancy (78.5
in international markets—compared to the 2023 first quarter. “Worldwide RevPAR grew more than 4%, with gains in both occupancy and ADR. Our international markets were particularly strong, posting RevPAR gains of 11%, led by nearly 17% year-over-year [YOY] growth in Asia-Pacific excluding China. . & Canada and 11.1%
in international markets, compared to the 2022 third quarter. Both occupancy and rate contributed to global RevPAR gains in the third quarter, and cross-border travel continued to rise.” & Canada, RevPAR rose more than 4%, with many urban markets showing outsized growth. Marriott International Inc. , worldwide, 4.3%
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