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Action Hotels lists Victorian portfolio for sale

Hotel Management

This is a rare opportunity to secure immediate scale in a single capital city across three distinct hotel offerings,” said Savills Australia and New Zealand National Director – Hotels, Nick Lower. Each asset is underpinned by strong income performance, institutional-grade operations, and long-term value upside.

Sales 162
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Adelaide hotels enjoy occupancy lift from LIV Golf and AHICE Asia Pacific

Hotel Management

Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% year over year to AU$179.18. yoy to AU$191.25.

Occupancy 130
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Accor’s Queensland hotels see Easter bookings spike

Hotel Management

Victorian hotels are also high on the popularity scale, with 39% growth year-on-year. Sport, in particular, is proving to be a powerful catalyst for weekend occupancies, and with the British and Irish Lions rugby tour set to take place over winter, we expect this trend to gain even more momentum.

Tourism 130
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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

Additionally, occupancy levels are only 10% lower than pre-pandemic levels, currently standing at 65%. This indicates a strong recovery in the hospitality industry, with both ADR and occupancy trending positively and approaching, or even surpassing, the levels seen before the pandemic.

Scale 130
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‘End of an era’: Hyatt Regency Perth to close next month as owner eyes new hospitality direction

Hotel Management

“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.

Closing 264
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Maximizing Hotel Revenue: Advanced Channel Manager Strategies for 2025

STAAH

Move Beyond Syncing, Start Scaling 1) The New Age of Hotel Distribution The hotel distribution landscape has changed. Dynamic Pricing : Real-Time Revenue Optimization Channel Managers like STAAH enable rule-based pricing automation , adjusting your rates based on demand, occupancy, and even competitor pricing. No more repetition.

Revenue 84
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Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market

Hotel Management

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.

Tourism 264