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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%
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%
As a result, realestateoperators must meet these standards to mitigate financial risks associated with non-compliance, further motivating them to enhance performance. This is particularly relevant for hospitality operators, who run 24/7/365 businesses. increase in total operating expenses during the same time period.
[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?
Occupancy has a strong foothold in the Canadian marketplace today, said Nguyen, forecasting that 2025 will be a year of moderation with limited room for occupancy growth and slower ADR momentum. Charania, operating within a family enterprise, is exploring partnerships to balance risk. She noted that while RevPAR growth was 4.5
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. Hotel development needs to be seen as a city-building tool, says Royce Chwin, president & CEO of Destination Vancouver.
occupancy growth. occupancy growth this year. Simon Hampton, Partner in RealEstate & Hotels Corporate Finance at PwC UK said: The 2025 outlook for the UK hotel market is cautiously optimistic… Despite global uncertainties, resilience in travel, especially from the US, Europe and Asia, offers encouraging signs.
Prior to our present occupation, one of your two authors here, Larry, ran a hospitality and tourism marketing agency that proudly called Kona Village a client some two decades ago. Receive daily leadership insights and stay ahead of the competition.
I mean, the last three years of operating performance have been incredible. I mean, absolutely lofty RevPars, ADRs, and occupancies. So the market has been performing well on an operating level, but with the increase of interest rates, and because of that operating performance, sellers have been less inclined to sell.
For example in the case of Qbic Hotels “Moving modular hotels into under-utilized real-estate to reduce build-out cost and time.” Reach an annual occupancy of 90%”). Operations Plan How will you run your hotel? It explains why you are in business or which huge need you are solving, that currently is not being met.
Mr Kevin Goh, CEO of CLI Lodging , said: “With over 40 years of lodging experience and our strong foothold in Asia, we have built up significant scale along with deep investment and operational expertise in the region. Our on-the-ground teams bring strong market insights that enable swift execution and speed-to-market.
Resortbrokers Managing Director Trudy Crooks, and Broker Kelli Crouch, unpack the hotel realestate landscape in Queensland and the Northern Territory. Occupancy, RevPAR and ADR are all up on FY23 according to the latest TRA figures for Queensland. This is across the board on a regional level.
Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction. For the month of May, Perth hotels had an occupancy rate of 77.3%, the highest of all Australia’s capital cities.
Firstly, the headwinds faced by the commercial realestate industry attracted substantial attention. 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. Trading should recover further, whilst realestate headwinds may ease.
Sustainability is increasingly a major concern for developers and operators due to rising utility costs of hotels, and the global investment market’s focus on ESG for all realestate asset classes.
She started her career in hotel operations, moving into sales and marketing in Austin, US, where she realised working in hospitality and helping people was the path she wanted to follow. She has big plans for sustainability across the company and Native aims to be Net Zero carbon as an operation by 2030.
President and Managing Director of International Operations, Barry Robinson, told HM. What we have found over the time is that our business has been pretty stable through good and bad times – our occupancies don’t really fluctuate, our sales velocity has been quite consistent,” Robinson said. “It’s
Realestate 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.
Realestate experts from Savills have highlighted opportunity for property developers and accommodation operators in Christchurch as visitation and population growth rise.
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. The global hospitality giant has been concentrating on fostering relationships with New Zealand owned and operated brands to gain local insights into the region.
Though 2023 proved to be a challenging year for commercial realestate, marked by geopolitical tensions and capital market dislocation, the lodging industry demonstrated resilience, with RevPAR achieving a full recovery and surpassing 2019 levels by 12%.
Wynwood RealEstate – through which the startup advises realestate investors on where to buy an apartment or space that will be furnished and operated by Wynwood. Ignacio Masias, co-founder and CEO of Wynwood House, told Forbes Peru: “We help realestate investors monetise their properties.
AI provides an opportunity for hotel operators to manage escalating demand while keeping costs low. It does this by boosting productivity, increasing operational efficiency, and enhancing guest stays. Operational Efficiency Currently, hotels are utilizing AI to enhance operational efficiency to cut costs and increase revenue.
Hotels are an attractive investment as they can be an excellent source of income as well as long-term real-estate value. CBRE’s Canadian Hotel Industry Outlook Report (Q3 2023) projects strong and stable occupancy and Revenue Per Available Room (RevPAR) growth for the Canadian hotel industry through to 2027.
Over two days, hoteliers, realestate experts and took to the stage to share business updates and insights into the local market. Queenstown and Christchurch have outperformed North Island centres, with Auckland experiencing the most significant impact of additional supply and why occupancy is 18% behind 2019.
Imagine working in operations at some of the leading hotel companies in the world, and then having the chance to start all over with a blank canvas in a role leading operations for a new brand. It’s a fundamental principle that you have in every hotel operation. What would you do? Or the division between rooms and F&B.
While, occupying the floors above the hotel, the ultra-exclusive branded residences are intended to give occupants the ‘Everyday Baccarat’ experience through the same inspirational design as the hotel.
The 50bps is a good thing for commercial realestate, but we are still a couple of years from recovery.” population and commercial realestate, but not older Americans.” “The Operating results at the property level have remained surprisingly strong through the summer despite headwinds.
On the back of over 90% hotel occupancy and $8.3 Dora Stilianos of Baker McKenzie moderated the next Operators Outlook panel where – again – the staff and training challenges were raised from the outset by IHG’s Matt Tripolone. South Australia is the place to be,” she said. His airline, by the way, is adding new planes.
Having weathered the past several years of unexpected/unprecedented intense disruption, stalwart owners/operators/developers/brands are up for any positive news and, according to industry experts, there is some to welcome. we expect margins to compress, but higher rates and higher occupancy levels should help shield profit increases.”
Moderated by Rob Kumer, president & Chief Investment Officer, KingSett Capital, What a Magical Mystery Tour explored how the Canadian hotel sector compares to other real-estate classes and why hotels are fundamentally strong amidst a looming recession and shifting interest rates. & Big Moose Realty.
Over time, this provides hoteliers with enough information to understand customer behaviour trends as well as operational and sales opportunities. As interest in digital twins grows, technology providers are rolling out new products to meet the demands of hospitality and realestate professionals.
Additionally, by offering attractive member perks, the program can help increase occupancy; customer engagement and retention; and customer satisfaction. Elevated Returns provided investors with access to ownership of prime realestate assets, enabling greater liquidity and diversification in investment portfolios.
Net income in the second quarter of 2022 included $251 million of gains recognized on the sales of realestate. Comparable owned and leased hotels operating margins were 26.2% Higher occupancy and food and beverage revenue mix led to higher costs, and impacted owned and leased margins when compared to 2022.
Franchised hotels, which are generally owner operated, are typically more agile and responsive to this kind of change than managed hotels, which tend to be larger full-service or luxury properties, says Duff. The efficiency you can achieve by taking control of the operating model has become paramount in the current environment,” she says. “The
Additionally, at more than 80%, the hotel exceeds the market’s overall average occupancy rate of 70%. This is the second major realestate investment in the San Francisco Bay area by BH Properties in the past 45 days. In June, the firm acquired the 60-acre Holy Names University in Oakland, CA, which ceased operations in May. “We
Ireland was a surprising addition to the list of countries with high occupancy levels, in this case a result of housing refugees. Lauren Okada, SVP realestate investments at Brookfield Asset Management, chimed in to highlight how the company diversifies through its investments rather than revenue.
Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”
In fact, “Canopy by Hilton Toronto Yorkville was awarded Hilton’s Lifestyle of the Year for North America in its first year of operation,” says Gupta. Downtown Toronto hotels, on average, achieved more than 70 per cent occupancy, with an average ADR of more than $250 across all service levels,” she says.
Comparable owned and leased hotels operating margin improved to 25.9% Operational update In the first quarter of 2023, the RevPAR recovery continued to be powered by ADR growth, up 12% on a constant currency basis, while occupancy improved 1,400 basis points as compared to the same period in 2022. in the first quarter of 2023.
Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. But from an operation standpoint, the markets out west are performing well.
Whether you’re in marketing, sales, or operations, it’s imperative to continuously learn about best practices for operating more efficiently and meeting new guest demands. BITAC Operations 2024 Date: April 14 – 16 Location: Savannah, Georgia, USA. Why attend hospitality events? Who should attend? Why attend?
The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. It’s a good time to get involved with value-add projects, but it’s worth considering these barometers.
A key takeaway was that hospitality is on the radar for investors, given some nervousness for traditional CBD office realestate. Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”.
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