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As the world heads toward the holiday season, hoteliers are preparing for demand as people look to travel over Christmas and New Year’s Eve. Amadeus is seeing a peak in demand over the Christmas and New Year period across major markets around the world.
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. Conversely, outbound travel by New Zealand residents saw a 6.6% Occupancy in this segment reached close to 78%.
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
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
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%
Growth was elevated due to the Hannukah calendar shift and the compressed business travel period between Thanksgiving and Christmas. Hotel Performance December 15-21, 2024 Percentage change from comparable week in 2023 Occupancy: 48.9 percent (up 11.4 percent) ADR: $135.79 (up […] The post CoStar: December U.S.
Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Register now for AHICE Fiji Islands Investment in Tourism Summit.
DALLAS, TexasCBRE forecasted that revenue per available room (RevPAR) will grow modestly in 2025, driven by the continued outperformance of urban locations benefiting from increased group and business travel, as well as a projected rise in demand for drive-to and regional leisure destinations. CBRE projected a 1.3
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.
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% Australian and US travellers are returning in large numbers, while Chinese tourism numbers have also increased in the past year.
markets have recovered 99.1 Group bookings are calculated using occupancy and average daily rate (ADR). ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S.
Travel and Leisure Co.’s Under the deal, Travel and Leisure Co. Under the deal, Travel and Leisure Co. There’s alignment for both businesses,” Travel and Leisure Co. And as Gen Z and millennial travellers embrace remote work, many are embracing this type of offering.
“The Chinese holiday travel segment, which makes a significant contribution to the Australian economy, has been slow to shake off the effects of the pandemic,” ATEC Managing Director, Peter Shelley. The post ‘Soft’ Lunar New Year amid slow China recovery, ATEC reports appeared first on Hotel Management.
We have great confidence in the outlook for Hervey Bay and Sunny Beach Land’s project presents the opportunity we have been waiting for to enter the market,” said Marriott International Vice President Hotel Development Australia, New Zealand and Pacific, Richard Crawford.
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.
I arrived at a time in Cornwall when there was a real renaissance in travel to the county and I think its fair to say, a reimagining of Cornwall as a destination. However, its been hard in the last 18 months, to achieve the same levels of occupancy, the same room rates, as we were prior. Why are people coming to visit us?
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