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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.
Marketing for realestate agents is a must in an age where 41 percent of homebuyers search online for properties first. Positioning your realestate firm as the premier choice in your neighborhood with the best properties for sale can win you more customers and drive revenue.
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.
CoStar is a leading provider of online realestate marketplaces, information, and analytics in the property markets. 8-14, 2024 (percentage change from comparable week in 2023): Among the Top 25 Markets,Tampareported the largest year-over-year occupancy increase […] The post U.S. WASHINGTON, DCThe U.S.
“The announcement comes at a time when Perth hotels are experiencing their highest occupancy rates of any major city in Australia,” said Woods. For the month of May, Perth hotels had an occupancy rate of 77.3%, the highest of all Australia’s capital cities.
Olaide Oboh , director, Socius [GS] Realestate is about people, says Oboh, director at Socius. Before joining the family business, Oliver worked for Deutsche Bank in London, New York and Düsseldorf on the Commercial RealEstate Credit team. Oliver has overseen the new WaterWalk Gen.
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.
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%
CoStar is a leading provider of online realestate marketplaces, information, and analytics in the property markets. 1-7, 2024 (percentage change from comparable week in 2023): Among the Top 25 Markets, Chicago reported the largest year-over-year increases in occupancy (+17.8 WASHINGTON, D.C.The U.S. percent to 67.6
While both cities market wide occupancy remains below pre-pandemic levels, they are strong by global standards, demonstrating an extraordinary ability to absorb this supply, while at the same time taking advantage of the rate growth these new hotels offered. This realestate outlook was first published in the April edition of HM Magazine.
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 And as Gen Z and millennial travellers embrace remote work, many are embracing this type of offering.
Australia and New Zealand’s hospitality sectors led the world in terms of occupancy in 2024, achieving occupancies of 78.1% New Zealand entered a recession in the third quarter of 2024, and apart from Queenstown, occupancy and rates have been constrained. in the US, 71.2% in Europe and 65.1% in the Middle East.
Realestate experts from Savills have highlighted opportunity for property developers and accommodation operators in Christchurch as visitation and population growth rise.
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.
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. While the broader economy may be slowing, they said optimism remains high across much of the countrys hospitality landscape.
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. BWH Hotels is expanding its footprint across the ditch with new development, partnerships and brand growth in New Zealand.
As a result, realestate operators must meet these standards to mitigate financial risks associated with non-compliance, further motivating them to enhance performance. In 2023, these properties averaged 205 rooms, with an average occupancy level of 69.4% This is almost half the 6.6% and an ADR of $203.68. through 2026.
Returning to Adelaide for its third consecutive year, AHICE will explore an extensive range of topics from realestate and hotel development to loyalty, technology and culture with world-class speakers, panel sessions and networking events.
CoStar is a leading provider of online realestate marketplaces, information and analytics in the property markets. Atlanta saw the second-highest increases in occupancy (+15.6% to 75.6%), ADR (+13.1% to $194.70) and RevPAR (+35.9% to $147.18). to 75.6%), ADR (+13.1% to $194.70) and RevPAR (+35.9% to $147.18).
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%.
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.
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.
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.
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.
Hotels are staying competitive by using AI systems to analyze large volumes of booking data, occupancy rates and market trends to adjust pricing in real time. Opportunities to Optimize Hotel RealEstate Beyond being used as a tool to optimise revenue, AI provides an opportunity for hotels to meet their sustainability targets.
The Deal Ranch Hosted by Matt Lutz, The Deal Ranch is a biweekly podcast featuring acocmplished individuals in the realestate industry. The Deal Ranch is for realestate professionals, investors, and enthusiasts interested in learning from experts. It looks at various deals, investment strategies, and market insights.
We learned through holding both commercial office as well as hotel realestate during the GFC that there was a big hit on international demand. And we saw that through the four Quest properties that we already have – they tended to perform better from an occupancy level during Covid than some of our hotel product.
On the back of over 90% hotel occupancy and $8.3 Pro-Invest’s Tim Sherlock’s panel of realestate experts shone a light on the always-shifting property sector. The government will work to increase the occupancy rate, “he promised, noting “20,000 extra rooms are coming to SA.” South Australia is the place to be,” she said.
STR is anticipating hotel-demand recovery this year, although the CEO indicated occupancy will take a few more years to reach pre-pandemic levels as the industry adds new supply. The good news is that supply growth is expected to remain below the long-term average of 1.8%, and that’s going to help occupancy rebound,” she said.
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 CMBS will go from low 8s to very high 7s. A bridge will still be SOFR +550, which is still 9-10. Equity (mezz) will still be 14-16%.
Hotel Designs Sneak peek inside the latest room2 opening in Belfast Sneak peek inside the latest room2 opening in Belfast Sustainable design meets awe-inspiring art in the highly-anticipated eco hometel room2 Belfast, the latest property from realestate investor and developer Lamington Group.
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.
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.
Net income in the second quarter of 2022 included $251 million of gains recognized on the sales of realestate. In the second quarter of 2023, average rate growth remained strong, up 5% on a constant currency basis, while occupancy improved 660 basis points, as compared to the same period in 2022.
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.
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.
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. One of those signs is that the on-site hotel reports that ADR and RevPAR continue to improve.
Advertisements Mr Mak Hoe Kit, Managing Director, Lodging Private Equity Funds, CLI , said: “ Japan is one of Asia’s most developed and liquid realestate markets, supported by deep capital pools. Leveraging our local expertise, we secured this off-market opportunity at an attractive entry price.
Stabilization has weighed heaviest in resort markets, predominantly in the Americas and EMEA, with Asia-Pacific continuing to accelerate as intraregional travel grows following border re-openings, according to JLL’s Global RealEstate Perspective February 2024.
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. The Gupta Group envisions a future of continued growth and expansion within the hospitality and real-estate sectors. Gupta says both hotels have been performing well.
As interest in digital twins grows, technology providers are rolling out new products to meet the demands of hospitality and realestate professionals. Herein lies the potential value of digital twins. Hotel rooms, communal spaces, and entire neighbourhoods and cities could be designed, built and operated with purpose.
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. How has this impacted ADR and occupancy? Bob Singh: A great year.
Franchised hotels allow owners to have control of not only the hotel as a real-estate asset, but also its operation, Aaron Laurie, vice-president, Lodging Development, at Marriott International, notes. “But what we’re seeing now is that as much as Canadians are starting to clamp down on expenses; they’re not cutting down on travel.”
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