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CBRE predicts 2025 will be a ‘pivotal year’ for growth and investment in Australia’s hotel sector

Hotel Management

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%

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Hilton exceeds expectations in Q4, FY2024

Hotel Business

. “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

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IHG reports FY2024 global RevPAR increase of 3%; acquires Ruby brand

Hotel Business

.” 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. .”

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Marriott reports Q4 RevPAR growth of 5%, boosted by int’l markets

Hotel Business

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 to more than 1.7 RevPAR in the U.S. &

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Choice exceeds full-year 2024 expecations

Hotel Business

year-over-year net increase in our more revenue-intense domestic rooms portfolio, a testament to the success of our growth strategy,” said Patrick Pacious, president/CEO, Choice. and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Global pipeline as of Dec.

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IHG Q1 global RevPAR up 3.3%

Hotel Business

Q1 global rooms revenue on a comparable basis saw business +3%, leisure +2% and groups +5% ADR +2.2% and occupancy +0.6% in the same quarter last year; global pipeline of 334K rooms (2,265 hotels), +9.4% Q1 global rooms revenue on a comparable basis saw business +3%, leisure +2% and groups +5% ADR +2.2% YOY, +1.5%

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Destination Vancouver and BCHA Release New Report

Hotelier Magazine

Hotel Crunch Threatens Growth Vancouver hotels are operating at near full capacity, with 80 per cent average annual occupancy and up to 95 per cent during peak seasons well above rates in peer cities. There are 22 projects currently in the development pipeline, representing approximately 4,200 rooms, which is encouraging.