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Accor is Australias largest hotel operator with more than 350 hotels, resorts and apartments nationally and over 100 in Queensland. Victorian hotels are also high on the popularity scale, with 39% growth year-on-year. Across Australia, we continue to see the incredible impact of major events in driving leisure travel.
We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. Now is definitely the right time for investment in Fiji.
The Ascott Limited is expanding its co-living brand Lyf to new markets with the announcement of eight new property signings spanning city and resort locations across Europe and Asia Pacific. Lyf – based on the concept of ‘live your freedom’ – targets next-generation travellers including digital nomads, tech start-ups and creatives.
million available rooms across an incredibly diverse hospitality spectrum, from budget stays to luxury resorts. Yet, despite the scale, much of the market still relies on on-premises property management systems. India is home to roughly 2.5 Its a complex mix of regional economies, guest expectations, and price points.
and occupancy +0.6% YTD excluding the impact of removing rooms previously affiliated with The Venetian Resort Las Vegas); global system of 987K rooms (6,668 hotels) Signed 25.8K and occupancy +0.6% Highlights for the quarter include: Q1 global RevPAR +3.3%, with Americas +3.5%, EMEAA +5% and Greater China -3.5% YOY, +1.5%
Accor has reported strong recovery in its Western Australian hotels with occupancies of 68% year-to-date (YTD), marking a 7.5% Speaking to media in Perth last week, Accor Pacific CEO, Sarah Derry, said Perth was Accor’s second-best performing city in Australia (just behind Sydney), with 71% average occupancy YTD, 11.6%
Scale That Works for Hotel Owners In a competitive high-cost landscape, scale and attracting more and different customers are essential. From negotiating reduced OTA fees and leveraging Choice’s scale with suppliers, the company delivers tangible results for its franchise owners. AARP members booked more than 1.1
and occupancy declined 0.8%, resulting in a 0.2% Business centric chain scales and location types outperformed, while leisure and resort locations underperformed. Q3 performance trends were weaker than expected. ADR continued to lag inflation at 0.6% decline in RevPAR.
RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% inbound international travelers will boost occupancy and pricing power back toward their historical trend lines.” ” The best-performing lodging location type in Q3 2023 was urban, where occupancy improved 110 bps to 70.3%.
decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% Resorts were the only location type to register RevPAR gains in February. Resorts outperformed all other location types, posting the only gain, up 0.9% RevPAR, occupancy down in Feb. drop in demand.
Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.
As we enter 2025, we will continue to realize the earnings growth from our past investments, meaningfully expand the scale of our business and accelerate our growth in the coming years.” and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Repurchased 3.1
InterContinental Hotels Group (IHG Hotels & Resorts) reported global RevPAR increased 3% for full-year 2024 vs. 2023, with a year-over-year increase of 4.6% year-over-year (YOY) for FY2024, occupancy up 0.6 for the fourth quarter. RevPAR for the Americas was up 2.5% for the year (up 4.6% in Q4), with U.S. RevPAR up 1.7%
As Director of Distribution and Systems, Ben Salter will apply his 30+ years of industry experience managing revenue, sales and distribution teams at Accor and Stamford Hotels and Resorts. Josie Hungerford At Trilogy, she will drive portfolio growth strategy and large-scale corporate projects.
vs 2019; occupancy +4.1%pts YOY On track to have returned $1B to shareholders in 2023 through share buybacks and dividend payments “Travel demand remained very healthy during the quarter, and I would like to thank all our teams for supporting another strong trading period,” said Elie Maalouf, CEO, IHG Hotels & Resorts. YOY, +3.1%
Other highlights include: Americas FY RevPAR up 7% YoY (Q4 +1.5%), EMEAA +23.7% (Q4 +7%) and Greater China +71.7% (Q4 +72%), reflecting the differing levels of travel restrictions that were still in place in 2022 ADR up 5% vs 2022, +13% vs 2019; occupancy up 6 pts. vs 2022, 1 pt. rooms (275 hotels), +16% YoY (ex. YoY Q4 opened 19.2K
With a focus on hotel and resort operations and investment, AHICE provides a platform for industry leaders to connect, learn, and collaborate. “The launch of AHICE Far East Asia marks a significant milestone for the Japanese hotel industry,” said James Wilkinson, AHICE Group President.
For instance, beach resorts may experience surges during summer months, while urban hotels might see increased bookings during major conferences or festivals. By analyzing booking patterns, guest behavior, and local events, hotels can anticipate occupancy rates and adjust strategies accordingly.
Advance Purchase : This discount type allows you to scale the discount based on the number of days a booking is made in advance. Multi Nights : With this discount type, you can scale the discount based on the number of nights a guest plans to stay. It encourages longer stays and increases the average booking value.
6/17/2025 HITEC 2025: HCN Offers Magazines to Leading Hotels and Resorts for Guests Hotel Communication Network (HCN) continues to evolve its hotel guest experiences by offering access to a catalog of global magazine brands free of charge to leading hotels and resorts via its AI Concierge ad-supported tablet platform.
hotel occupancy on track to reach 63.8% The following are additional key findings of the study: High scores for hotel staff linked to low problem incidence: Overall satisfaction with hotel staff is 701 (on a 1,000-point scale), making it the single highest-scoring factor in this year’s study. With average U.S. According to the J.D.
“Global RevPAR in the first quarter of 2024 continued to grow, up 2.6%, reflecting the strength of our globally diverse footprint,” said Elie Maalouf, CEO, IHG Hotels & Resorts. Occupancy was 63.1%, down 1.1 YOY, with occupancy up 2.7 YOY, with occupancy up 0.7 year-over-year (YOY) and up 0.7% YOY, with U.S.
â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution. UrResort brings together a connected suite of solutions designed to help resort operators centralize and commercialize non-room inventory at scale.
2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. In 2021, the segment outperformed all other chain scales, with occupancy running nearly 20 points higher than all other U.S. By Shilpan Patel. billion, which surpasses 2019 revenue. segments combined.
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. Now is definitely the right time for investment in Fiji.
Whether you’re an independent hotel owner looking to scale or a medium-sized chain operator exploring franchising, this guide will help you understand the key benefits, costs, and opportunities in hotel franchising. Performance metrics : Discuss realistic goals for revenue and occupancy. What is the purpose of hotel franchising?
helps them scale service, increase conversions, and operate more efficiently - without compromising the guest experience. RUCKUS DPSK3, which enable hotels to offer secure, seamless Wi-Fi 7 access at scale via this patented technology. âSabreâs SynXis Concierge.AI SynXis Concierge.AI
During Intercontinental Hotels Group ‘s (IHG) first-half results presentation, Elie Maalouf, CEO, IHG Hotels & Resorts , revealed that the company will soon launch a new brand targeted at midscale conversion opportunities. For the first half of the year, ended June 30, IHG reported a 24% year-over-year RevPAR increase.
âs scale, such as accelerating the Companyâs digital and technology transformation through initiatives like the establishment of Byte by Yum!, â 6/15/2025 HITEC 2025: UrVenue Launches UrResort UrVenue launches UrResort , its newest product developed in response to the growing demand from hotels and resorts for a more tailored solution.
Applying her unique style across a range of building typologies, geographies and scales she re-engages in an approach that carefully addresses each project from an in-depth consideration of the detail to the overall massing strategy. Past projects have included the Natural History Museums Earth Sciences Centre.
compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.7% for the fourth quarter and $4.33 For the year ended Dec.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels.
UK: QHotels Collection, a portfolio of hotels and resorts across the UK , has published its sustainability policy which will be rolled out nationwide. Phillip Gardner, commercial director at The QHotels Collection , said: “We understand the scale of our operations and the environmental impact that comes with it.
The portfolio of solutions provides full-service, mid-scale, and limited-service hotels a range of connectivity options for delivering customized guest Wi-Fi experiences that meet the unique demands of each market segmentâfrom luxury to budget hotels. Clap resides in Connecticut with his wife and has two adult children.
These devices use advanced sensors and AI to monitor temperature, humidity, air quality, light, barometric pressure, and occupancy â including pets or sleeping guests. RUCKUS DPSK3, which enable hotels to offer secure, seamless Wi-Fi 7 access at scale via this patented technology.
Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%
For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. By chain scale, upper midscale and upscale accounted for three per cent and 19 per cent of rooms in the national pipeline, respectively.
Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts. for full-year 2022 vs. 2019. YOY Fee margin of 56.2%, +6.6%
Moderated by Glenn Haussman, founder/host, No Vacancy Live podcast, the panelists included Jeff Porterfield, SVP, client services/chief customer officer, Entegra; Natasha Scott, VP, operations performance and strategy, IHG Hotels & Resorts; Bryan P. Scott kicked it off with some opportunities she’s seeing for 2024 and for guests.
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Average US occupancy rate is just under 65%. Luxury properties are normally split into a few main categories; Business, Airport, Holiday, Resorts & Spas.
With this data in mind, hoteliers and DMOs can begin to scale up their sustainability strategy by solidifying their own plans to target carbon and greenhouse gas (GHG) emissions and by considering key target demographics when advertising on GDS platforms and on other direct channels.
Whether you’re operating a boutique inn nestled in a town or a luxurious resort overlooking pristine beaches. Driving Occupancy and Revenue One of the most immediate and noticeable impacts of MICE on the hotel industry is occupancy rates and revenue generation. MICE holds transformative potential for your establishment.
When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. Survey respondents also said data fragmentation (33%), data efficiency (32%), and data integrity (30%) are among the biggest challenges faced in business intelligence today.
Whether you’re running an independent hotel, a resort or a hotel chain, integration lays the groundwork for scalability, automation, and a consistent guest experience. Facilitates scaling across multiple properties For hotel groups and chains, integration becomes essential to maintain consistency and control across locations.
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