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Perth hotels are experiencing a strong resurgence in bookings, with the Australian Hotels Association (WA) reporting that the west coast city reached the highest occupancy rates in the country in 2024. From January to December 2024, metropolitan Perth hotels achieved an average occupancy level of 79.4% a 3.9%
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.
Magic Round is more than a sports event its a city-wide celebration that puts Brisbane on the national stage, said Accor Pacific Chief Operating Officer, Adrian Williams. The strong performance were seeing across our hotels this week highlights the incredible pull of live sport as a tourism and economic driver.
The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourismoperators. The post Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper appeared first on Hotel Management.
Luxury Escapes CEO Adam Schwab shares his 2025 travel outlook, from The Good to The Not So Good and The Bad news for hotel and tourism businesses. The Singapore market absorbed the increase in supply in 2024 well, with ADRs remaining well above historical levels and hotels reporting strong occupancy.
Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”
Accor Pacific Chief Operating Officer PME, Adrian Williams, told HM there has been an unprecedented level of interest in Accor hotels and its loyalty programme ALL – Accor Live Limitless since the concerts were first announced – and not just in these two cities. “The
Accor is Australias largest hotel operator with more than 350 hotels, resorts and apartments nationally and over 100 in Queensland. Accor Pacific Chief Operating Officer PM&E, Adrian Williams, said the strength of Queensland bookings was particularly encouraging.
Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive.
Japan’s top hoteliers and tourism professionals are preparing to meet next week for the inaugural AHICE Far East Asia on Wednesday, September 5. The half-day event at The Tokyo EDITION hotel in Toranomon will unite leaders from the hotel, aviation, and tourism sectors to discuss challenges and opportunities in this rapidly evolving market.
STR and Tourism Economics have upgraded the 2023 United States hotel forecast, released at the 45th Annual NYU International Hospitality Industry Investment Conference in New York this week (June 5). While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year.
Sydney hotels enjoyed a record-breaking weekend, with many reporting occupancy levels of between 90% and 100%, thanks to major events across the city, including four sold-out Taylor Swift concerts. The boost to tourism doesn’t just stop at creating memories – it creates jobs.
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%
CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.
Barry Robinson, President and Managing Director International Operations, Wyndham Destinations Travel and Leisure Co. Our international region consists of some 71,000 vacation club members, approximately 75 resorts and operations across 13 countries.
With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.
Lunar New Year has failed to lure high numbers of visitors from China to Australia with the Australian Tourism Export Council (ATEC) reporting a slower than expected recovery. The ATEC said it is urging government to invest in the Approved Destination Status program to help Australia compete in the global marketplace.
A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.
With a focus on hotel and resort operations and investment, AHICE provides a platform for industry leaders to connect, learn, and collaborate. AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market.
NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2 percent and 1.3
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. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.
The hotel giant has signed a Memorandum of Understanding (MOU) with developer Sunny Beach Land confirming its intention to operate the proposed Hervey Bay Esplanade Resort. In Marriott’s case, we focus our distribution on our 200 million Marriott Bonvoy loyalty members, who represent 50 per cent of night occupancy at our hotels.
At Accor, occupancy is significantly up on last year over the entire weekend at its 51 hotels across Melbourne (8,781 keys), with its busiest night being Sunday, up 7.3% Mercure Melbourne Doncaster Marriott International has reported high occupancy levels this week across its 10 Melbourne hotels, up 8% year on year. on last year.
The operator recorded an increase of 1.5 occupancy points to 70.7% occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0 occupancy points as a result of increased leisure demand and group business. occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0
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? Your rates drop automatically to drive last-minute bookings, across all OTAs. No more repetition. Just results.
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.
This shift presents an opportunity for hotels to lead by example, improving both guest satisfaction and operational efficiency through sustainable investments. Beyond the environmental benefits, eco-friendly practices can reduce operational costs, enhance brand reputation, and create a deeper connection with guests.
Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.
“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer. billion by end of year.”
The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5
The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5
Domestic tourism definition Domestic tourism’s definition is much the same as domestic travel, except it takes into account only those who are travelling for leisure. Domestic tourism example An example of domestic tourism might be an American family travelling from another state to visit California and stay at Disneyland.
The presentation showed New Zealand’s tourism industry is grappling with a stalled recovery in 2024 with RevPAR YTD August -3.8%, primarily due to a combination of increased supply (+2.7%) and softening demand (+1.4%). All tourism segments will need to surpass pre-pandemic levels to absorb the increased supply in the market.
Inflation, cash rate uncertainty and the housing crisis haven’t changed the fundamental drivers of one of strongest tourism markets in the country. Tourism Research Australia (TRA) data shows Queensland is second only to NSW by consumption and has enjoyed one of the strongest post-Covid rebounds in the country.
AHICE Group President James Wilkinson said the conference will focus on building positive growth in the sector, from improving occupancy and ADR to driving food and beverage revenue. We have our largest number of Australian attendees yet, plus also delegates from England, Singapore, Fiji, Thailand and more flying to Aotearoa for AHICE.
occupancy growth. occupancy growth this year. One of the big areas that we’ve seen a massive rise in the industry is the tour operator space, said Claire Steiner, UK Director of Global Travel and Tourism Partnership. Alcock says itll be the operators with a differentiated product that will do well.
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. Nguyen also noted that Quebec City and Montreal are expected to perform steadily, bolstered by European and domestic tourism.
Clearly, the tourism and hospitality industry saw some positive growth. It plays a key role in the overall success of a hotel’s operations. Read full blog 6 Hotel Sales Strategies To Increase Occupancy and Revenue A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Read full blog
With more than two decades of experience in hospitality and academic leadership, Barker has held an endowed professorship at the Chaplin School of Hospitality and Tourism Management at Florida International University and also served as an operational manager for the Four Seasons in Philadelphia and Miami.
A year on from opening in April 2022, boutique Queenstown hotel The Carlin is celebrating increasing occupancy amid a strengthening luxury tourism market locally.
International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. Cities that focus on intentional tourism and leverage technology will garner long-term investor interest, with foreign capital likely to be the most acquisitive in 2024.
With travel and tourism in Asia Pacific (APAC) projected to grow at a compound annual growth rate (CAGR) of 4.10% from 2025 to 2029 – reaching an estimated market volume of US$358.70 With that in mind, it’s an opportune time for hotel operators to reassess their revenue strategies to capitalise on the influx of travellers.
First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024.
Why Wellness is a Game-Changer for Hotels Wellness tourism is no longer a niche marketits a thriving industry projected to reach $1.3 Offering high-tech wellness amenities can increase average daily rates (ADR), boost occupancy rates, and create positive word-of-mouth that drives long-term growth.
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