This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
CBRE’s From Runway to Room Nights report found that 56 new routes have added 10,500 annual flights into key Australian cities, which could lift Australia’s hotel occupancy by an average of 3.4% Brisbane’s new flights align with strategic inbound travel growth and capacity gains following the completion of its second runway.
The Australian Open is the most attended Grand slam globally, with more than 1,100,000 fans attending in 2024 – of which 440,000 travelled from interstate or internationally to attend. We operated at high occupancy throughout the tournament, and are currently pacing in line with last year. “We
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%
Conversely, outbound travel by New Zealand residents saw a 6.6% The number of New Zealand residents travelling overseas in April matched the levels seen in April 2019, with Queenstown once again topping the performance rankings with RevPAR climbing 17% year-on-year. Occupancy in this segment reached close to 78%.
Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”
Event-related occupancy forecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) General Manager, Dougal Hollis.
Marriott International has reported high occupancy levels this week across its 10 Melbourne hotels, up 6% year on year. The majority of growth is driven through international travel, with the largest proportion of our guests coming from the USA, said Marriott International Area Vice President Australia, New Zealand and Pacific, Jason Nuell.
Australia’s hotel sector, whilst choppy, continues to demonstrate remarkable resilience with national occupancy rates at 71% and RevPAR up 3.8% Scott Boyes, Trilogy Hotels Sydney leads the recovery charge with occupancy at 78% and RevPAR growing to an impressive $215, making this market our standout performer.
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%
Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We We have seen record occupancies over the past two weeks with the hotel closing the second part of October at 97.8%,” said One Global Resorts Green Square General Manager, Quercy Jouannes. “We
Luxury Escapes CEO Adam Schwab shares his 2025 travel outlook, from The Good to The Not So Good and The Bad news for hotel and tourism businesses. The Singapore market absorbed the increase in supply in 2024 well, with ADRs remaining well above historical levels and hotels reporting strong occupancy.
Speaking exclusively to HM , STR Regional Director Asia Pacific ex China, Matthew Burke, reported a +50% decline in occupancy across South East Queensland and Northern New South Wales. STR anticipates a quicker return to normal trading for Brisbane and Toowoomba, driven by corporate travel and recovery efforts.
This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?
While Tropical Cyclone Alfred and floods in northern Queensland initially impacted bookings across the east coast, a swift and widespread promotional push – combined with attractive airfares and highly competitive hotel packages – has successfully reignited travel demand.
Hilton Regional Director, Development –Australasia, Tushar Raniga,says travellers are demanding holistic experiences that deliver on value, adventure and local touches. Luxury travellers are seeking hotels that tell their own stories.
On Tuesday, a game between Lions and Pasifika XV generated hotel occupancies of 80% in the Melbourne CBD, up more than 6% on last year. Forecasts for Saturday’s test match are even higher with 91% occupancy for Friday and 93% for Saturday, up more than 20% on last year with those numbers expected to rise.
Growth was elevated due to the Hannukah calendar shift and the compressed business travel period between Thanksgiving and Christmas. Hotel Performance December 15-21, 2024 Percentage change from comparable week in 2023 Occupancy: 48.9 percent (up 11.4 percent) ADR: $135.79 (up […] The post CoStar: December U.S.
May 22, 2025: AMT (By FANGCANG Group), the corporate hotel management and advertising platform, will support hotels to directly advertise to targeted corporate customers and travel management companies. Several international and domestic hotel brands in mainland China have been reporting lower occupancy and average daily rates (ADRs) in 2024.
During Cyclone Alfred, CoStar STR data showed that on the 11th of March, occupancy in the Gold Coast region was down 38%, versus the same day last year. In the Northern Rivers region, occupancy was down 60%. We know travellers have an appetite for culture-led travel that is continuing to grow across 2025/26.
A bed bank is a business-to-business (B2B) travel provider that connects hotels with travel distributors, such as online travel agencies (OTAs) and tour operators. Serving as intermediaries in the travel industry, bed banks enable hotels to increase occupancy without directly managing complex distribution channels.
Solid occupancy isnt enough anymore. While occupancy is still a core metric, relying on it too heavily can leave your property management business vulnerable to seasonal swings, economic uncertainty, and a volatile demand environment. Why You Cant Rely on Occupancy Alone First, lets state the obvious: you dont control demand.
General Managers and other senior staff from top hotels gathered heard from a variety of guest speakers about market conditions including the impact of cost-of-living pressures and global uncertainty on the travel and hotel landscape. Booking.com Market Team Manager, Keti Naumovski, said value for money is top of mind for travellers.
In Wellington, occupancy and average daily rates are down due to the central Governments reduction in spending but we do not see this as a long-term shift and expect demand to bounce back in line with the broader New Zealand economy. While transactions in the hotel space have been infrequent, Anderson says it is starting to pick up.
percent) Among the Top 25 Markets, New York City experienced the highest occupancy level (up 0.9 Markets with the lowest occupancy for the month included New Orleans (53.8 The Top 25 Markets showed higher occupancy and […] The post CoStar Reports Mixed U.S. percent (down 1.7 percent)ADR: $162.51 (up 0.4 percent to 88.5
Connect with Modern Travelers Through Social Media Social media is another area where AI is making a significant impact. Platforms like Instagram and TikTok are now major travel discovery engines, particularly among Millennials and Gen Z. Predictive analytics can forecast demand, helping hotels optimize staffing levels and inventory.
This revision reflects a 40-basis point (bps) decrease in expected occupancy compared to the prior forecast, with occupancy anticipated to decline by 30 bps year-over-year. At the same time, the slow recovery in inbound international travel has created an imbalance in U.S. decline in occupancy. CBRE now forecasts a 0.5%
percent) Among the Top 25 Markets, San Francisco saw the largest increases in occupancy (up 17.2 Hotel PerformanceJune 15 – June 21, 2025Percentage change from comparable week in 2024Occupancy: 70.5 percent (up 1.3 percent)ADR: $163.77 (up 2.0 percent)RevPAR: $115.39 (up 3.3 percent to 72.2 percent) and RevPAR (up 26.7
Using STAAH’s Booking Engine , the hotel began accepting direct bookings through its website, while the Channel Manager ensured real-time updates of availability and rates across all major online travel platforms. This significantly reduced the risk of overbookings and improved operational efficiency.
The financial health of hospitality assets, particularly in the Northeast and Central regions are improving, driven by leisure travel and the return of conferences and events, according to the 2025 Hospitality Outlook released by diversified professional services and investment management company Colliers. From April 2024 to March 2025, U.S.
Event-Driven Travel: Travelers are increasingly planning trips around specific events, such as sports tournaments, cultural festivals, and concerts. This is especially true in luxury and lifestyle hotels, where research shows that people will actually travel just for a dining experience. in the US, 71.2% in Europe and 65.1%
As more travellers extensively use digital platforms to browse, book and pay for their vacations, it becomes imperative for hotel and resort owners to master their online presence and optimize their operations, while keeping an eye on their bottom line.
Events consistently increase occupancy rates at hotels, we saw it with concerts like Ed Sheeran and Taylor Swift and we saw it with events like World Pride and The Women’s FIFA World Cup,” said McBride.
hotel occupancy dips in June as business travel remains sluggish Weekday travel demand continues to underperform leisure-driven weekends, reflecting a weak corporate travel environment Jul 23, 2025 U.S. Key takeaways Occupancy decline: U.S. hotel occupancy fell 1.7 percent year over year to 68.5
With the warmer months bringing a surge of travellers eager for sunshine and relaxation, hotels and holiday parks are anticipating higher occupancy rates and increased demand for top-tier service. To stay ahead, more hotels are turning to Labour Hire services to strengthen their teams in advance.
This can help in managing occupancy rates more effectively. For rooms that are not booked, last-minute vouchers can attract spontaneous travellers or those looking for a quick getaway, helping to fill up rooms that would otherwise stay empty. It is appealing to partners who will also see a lift in their revenue. 8) Last-minute deals.
With major sources of leisure and business travel, New York reported the highest occupancy level of any […] The post CoStar: New York City and Nashville to Open Most Hotel Rooms in 2025 appeared first on LODGING Magazine.
So surely the UK is becoming a tougher place to run a travel or hospitality business? The requirement for an Electronic Travel Authorisation (ETA) , costing visitors 16 each, is something experts in the sector fear will push inbound tourists to other destinations. occupancy growth. occupancy growth this year.
What is a travel brand? A travel brand is an entity that makes a promise to guests about the experience they will have during their stay at a hotel, and the proof that is delivered at every touchpoint. Consider a mid-scale hotel group that markets itself as “easy business travel”.
Multi-channel strategies and online travel platforms are helping small, independent hotels boost visibility, increase occupancy, and improve profitability across Europe
Amadeus, a leading provider of travel technology solutions, and UN Tourism , have released a new report with comprehensive data on travel in Asia Pacific. Market level hotel occupancy rates, average daily rates (ADR), and revenue per available room (RevPAR) across various regions are also detailed in the report.
“Tourism is a resilient economic engine,” he said, noting the industry’s $130 billion value in 2024 and the $31 billion contributed by international travellers. That could fill every hotel room in the country 10 times over,” he quipped, adding domestic interest is re-surging post-COVID, with Canadians choosing to travel at home, while U.S.
Louis saw the highest occupancy lift (up 7.1 Hotel PerformanceJune 8 – June 14, 2025Percentage change from comparable week in 2024Occupancy: 68.6 percent (down 2.4 percent)ADR: $163.43 (up 0.6 percent)RevPAR: $112.11 (down 1.8 percent) Among the Top 25 Markets, St. percent to 73.2 San Diego reported the largest increases in ADR (up 10.4
Louissaw the highest gain in occupancy (up 19.3 […] The post CoStar: U.S. Hotel PerformanceMay 18 – May 24, 2025Percentage change from comparable week in 2024Occupancy: 67.5% (down 0.4 percent)ADR: $164.57 (up 1.5 percent)RevPAR: $111.02 (up 1.1 Among the Top 25 Markets,St.
But a lot of hoteliers have gotten stuck in a loop of constantly slashing prices, offering direct channel discounts, OTA promotions, and special rate packages to drive occupancy. For example, targeting people looking for a local getaway during shoulder seasons or offering special deals to business travelers for repeat bookings.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content