Remove Occupancy Remove Revenue Remove Tourism
article thumbnail

Perth hotels top the occupancy leaderboard in 2024, AHA WA reports

Hotel Management

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%

Occupancy 130
article thumbnail

STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

Lodging

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

India’s Hotels Post Revenue Surge – India Report

Skift Blog

Skift Take: In the July-September quarter, the occupancy remained consistent as last year, and the growth in revenue was driven by higher room rates: A positive sign indicating travelers' willingness to spend more on tourism. Bulbul Dhawan Read the Complete Story On Skift

Revenue 275
article thumbnail

Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper

Hotel Management

The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators. The post Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper appeared first on Hotel Management.

Tourism 287
article thumbnail

‘Call it magic’: Coldplay fans drive hot demand for hotel rooms in Auckland, Sydney and Melbourne

Hotel Management

The tour, which recently made history as the highest-grossing rock tour of all time, is the first rock tour to surpass US$1 billion in revenue, and second only to Taylor Swift’s The Eras Tour. Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% in Sydney and 50.3%

Occupancy 162
article thumbnail

Exclusive: hoteliers reveal impact of Taylor tourism as Swiftsteria takes hold

Hotel Management

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

Occupancy 290
article thumbnail

CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

Lodging

WASHINGTONCoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 Occupancy for the year was raised 0.1 percent and +1.8 percent, respectively.