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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% The post International flights set to boost hotel occupancy in 2026, CBRE reports appeared first on Hotel Management. by the end of next year.
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.
Hotel occupancy was its highest for the month of June since 2015 at 77.7% On July 18, State of Origin Game II saw the New South Wales Blues face the Queensland Maroons at Perth’s Optus Stadium, driving the highest daily levels in each of the three key performance metrics: occupancy (93.6%), ADR (AU$318.02) and RevPAR (AU$297.63).
Hotel Industry Sees Record July 4 Room Demand Despite Occupancy Challenges - The U.S. hotel industry experienced record room demand during the Fourth of July holiday, despite challenges in occupancy rates due to supply growth. Article - U.S.
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
Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We We have seen record occupancies over the past two weeks with the hotel closing the second part of October at 97.8%,” said One Global Resorts Green Square General Manager, Quercy Jouannes.
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.
Vivid Sydney helped drive record-breaking hotel occupancy in May 2025 according to insights from Accommodation Australia. The NSW Government reports that each of the four Saturdays of the festival drew crowds of nearly 200,000, with hotel occupancy just shy of 90% on peak weekend nights, according to the accommodation industry body.
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
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. 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.
percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 0.9 Markets with the lowest occupancy for the month included New Orleans (53.8 The Top 25 Markets showed higher occupancy and […] The post CoStar Reports Mixed U.S. percent (down 1.7 percent)ADR: $162.51 (up 0.4 percent to 88.5
On Tuesday, a game between Lions and Pasifika XV generated hotel occupancies of 80% in the Melbourne CBD, up more than 6% on last year. Forecasts for Saturday’s test match are even higher with 91% occupancy for Friday and 93% for Saturday, up more than 20% on last year with those numbers expected to rise.
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
In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy.
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 […] The post Hilton Reports Q4 and Full-Year 2024 Results appeared first on LODGING Magazine.
Occupancy in this segment reached close to 78%. star segment recorded a significant 22% year-on-year increase in Average Daily Rate (ADR) with rates averaging NZ$405 for these premium properties, driving the overall 15% rise ADR for the market.
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
Louissaw the largest increases in occupancy (up 27 percent to 76.8 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)RevPAR: $105.19 (up 7.0 percent) Among the Top 25 Markets,St. percent), ADR (up 15.8
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. The partnership will offer several key benefits, including: Increased direct booking conversion: Personalized offers will be provided based on real-time occupancy data, driving higher conversion rates.
This presents both an opportunity and a challenge – higher occupancy rates and premium pricing mean hotels must deliver an experience that justifies the cost to ensure repeat visits after the event ends. But price surges alone wont guarantee long-term success for hotels.
AI-enabled energy management systems adjust lighting and climate settings based on occupancy, reducing costs and environmental impact. Predictive analytics can forecast demand, helping hotels optimize staffing levels and inventory.
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. In the Northern Rivers region, occupancy was down 60%.
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.
In addition to occupancy, ADR, and RevPAR, there’s another key metric that reveals whether your pricing and operational […] The post An Independent Hotelier’s Guide to Booking Pace appeared first on WebRezPro. Rather than crossing your fingers and hoping for the best, use your data to show you the way.
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) Among the Top 25 Markets, St. percent to 73.2 San Diego reported the largest increases in ADR (up 10.4
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 Among the Top 25 Markets,St.
Additionally, STAAH’s Dynamic Rate Management tool enabled the hotel to optimise occupancy and average room rates, resulting in better profitability. By displaying competitor prices from other travel websites, it encouraged guests to book directly through the hotel’s own platform.
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%
June 15-21 (percentage change from comparable week in 2024): Occupancy: 70.5% (+1.3%) ADR: $163.77 (+2.0%) RevPAR: $115.39 (+3.3%) Among the top 25 markets, San Francisco saw the largest increases in occupancy (+17.2% Las Vegas recorded the steepest declines in occupancy (-12.6% to 72.2%) and RevPAR (+26.7% to $141.09).
Occupancy for the year was lowered 0.1 For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 percentage points to +1.5 percent and down 0.6 ppts to +1.4 percent, respectively. percentage point to 62.9 For 2025, […] The post STR, TE Downgrade U.S.
Multi-channel strategies and online travel platforms are helping small, independent hotels boost visibility, increase occupancy, and improve profitability across Europe
Despite cost-of-living pressures, occupancy levels remain high and in demand both from a leisure and business perspective. This partnership offers our guests new ways of staying with Hilton, from rustic huts and woodland treehouses to rainforest retreats and coastal villas.
Nicole Nguyen from CBRE pointed to a key challenge: “the battle of supply versus demand,” adding with 470,000 hotel rooms and peak national occupancy hovering at 66 per cent, the industry needs to unlock new off-season demand. Can we make winter our opportunity?”
July 6-12 (percentage change from comparable week in 2024): Occupancy: 67.2% (-3.2%) ADR: $158.42 (-0.5%) RevPAR: $106.39 (-3.7%) Among the top 25 markets, St. Louis saw the largest increases in each of the three key performance metrics: occupancy (+21.0% to 81.3%), ADR (+8.1% to $145.21) and RevPAR (+30.8% to 81.3%), ADR (+8.1%
Ibis Melbourne Glen Waverley is a freehold suburban hotel situated in Melbourne’s eastern growth corridor, while Ibis Budget Melbourne Airport is located within the airport precinct and enjoys high occupancy driven by consistent air traffic, according to Savills.
This new integration allows hotels to leverage real-time occupancy data to automate and personalize direct booking campaigns. The partnership will offer several key benefits, including: Advertisements Increased Direct Booking Conversion: Personalized offers will be provided based on real-time occupancy data, driving higher conversion rates.
Festival tourism plays a crucial role in driving hotel bookings, boosting occupancy rates, and generating powerful ripple effects across the tourism industry.
This revision reflects a 40 basis point (bps) decrease in expected occupancy compared to the prior forecast, […] The post CBRE: U.S. CBRE now forecasts a.5 5 percent increase in revenue per available room (RevPAR) growth for 2024, down from the previously estimated 1.2 percent in August.
With the warmer months bringing a surge of travellers eager for sunshine and relaxation, hotels and holiday parks are anticipating higher occupancy rates and increased demand for top-tier service. To stay ahead, more hotels are turning to Labour Hire services to strengthen their teams in advance.
hotel occupancy dips in June as business travel remains sluggish Weekday travel demand continues to underperform leisure-driven weekends, reflecting a weak corporate travel environment Jul 23, 2025 U.S. Key takeaways Occupancy decline: U.S. hotel occupancy fell 1.7 percent year over year to 68.5 percent in June.
Internationally, RevPAR results were driven by continued pricing power, offset by a decline in occupancy. In China, RevPAR decreased 8% year-over-year reflecting a decline in occupancy and continued pricing pressure. RevPAR declined approximately 2.3%
Hotel Bookings for the Fourth of July Show Signs of Optimism Despite Economic Uncertainties - Occupancy rates for the upcoming holiday are slightly ahead of last year, with early week gains noted. Article - U.S.
compared to the same period in 2024 due to modest occupancy declines, partially mitigated by ADR gains. On the development side, we achieved the largest pipeline in our history, and we remain confident in our ability to deliver net unit growth between 6% and 7% for the next several years.” compared to the same period in 2024.
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