Hospitality Net

OCTOBER 10, 2024

In this episode, we look at where there is potential to drive more revenue in hospitality and accommodation businesses when the ADR has been maximised, other than occupancy - how can hotels increase spend per guest?

Revenue 188

Revenue Hospitality Occupancy Marketing 188

Hotel News Resource

JULY 5, 2023

The European hotel and accommodation sector is preparing for a historic year. Economic sentiment among European hoteliers is in many places exuberant, reflecting two consecutive 6-month periods of strong growth in occupancy and average daily prices as well as a positive outlook for the future.

Accommodation 94

Accommodation Occupancy Travel Revenue 94

Hotel Management

JANUARY 7, 2024

A AU$5 million recovery package aimed at driving visitation to Cairns and Far North Queensland in the wake of the devastating Tropical Cyclone Jasper and recent flooding has been welcomed by peak industry body Accommodation Australia.

Tourism 287

Tourism Cancellation Accommodation Occupancy 287

Hotel Management

MARCH 26, 2024

Sean Hunt, Marriott International “The Murdoch Health and Knowledge Precinct is positioned to become the Southern Corridor’s home to health research, medical care, higher education, innovative business development and Hesperia is laser focused on delivering economic benefits for all of Western Australia, but certainly for the Southern Corridor.”

Occupancy 130

Occupancy Hotels Dining General Manager 130

Hotel Management

FEBRUARY 13, 2024

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

Occupancy Tourism Events Accommodation 290

Hotel Business

DECEMBER 12, 2022

The data covers key hotel performance indicators such as occupancy, RevPAR, booking lead time, length of stay, international and domestic travel, direct and OTA bookings, as well as upsell performance to forecast trends shaping the hotel industry in 2023. Some of the findings: Direct bookings are on the rise.

Occupancy 115

Occupancy Ancillary Revenue Upsell Revenue 115

Hotel Management

OCTOBER 29, 2024

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.”

Occupancy 147

Occupancy Average Length of Stay Accommodation Events 147

Little Hotelier

MARCH 23, 2023

What is occupancy rate? Occupancy rate determines how full your hotel is at any given time. Your property’s occupancy rate is one of the most important indicators of success. What is the formula for occupancy rate? For example, if you have 20 rooms, but only 10 are occupied, your occupancy rate will be 50%.

Occupancy 52

Occupancy Average Daily Rate Revenue Management Revenue 52

Hotel Management

NOVEMBER 5, 2024

Hotels and hospitality businesses in New South Wales are set to benefit from the elevated status of the Sydney Marathon, which was this week added to the elite Abbott World Marathon Majors series. Accommodation Australia NSW General Manager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD.

General Manager 147

General Manager Accommodation Events Occupancy 147

Hotel Management

SEPTEMBER 26, 2024

Going into FY25, ResortBrokers’ market outlook for Queensland is as strong as ever: it remains one of the best places in Australia to buy an accommodation property or business. 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.

Real Estate 130

Real Estate Accommodation Tourism Retail 130

Hotelogix

NOVEMBER 19, 2023

As a hotelier, boosting the occupancy rate is critical to running a successful business. In a highly competitive industry, you must attract and retain guests to increase your property's occupancy rate and revenue. This article will explore various ways to improve hotel occupancy rates and the role of technology in it. 

Occupancy 59

Occupancy Maximum Length of Stay Minimum Length of Stay Revenue Management 59

STAAH

JULY 8, 2024

Accommodation providers can navigate these by leveraging online bookings and digital marketing strategies. Here’s a comprehensive guide to help accommodation providers optimize their efforts and maintain steady occupancy rates during economic downturns. Tip: Optimise your Google My Business (GMB) listing.

Digital Marketing 52

Digital Marketing Accommodation Market Marketing 52

Hotel Management

DECEMBER 10, 2023

Accommodation Australia CEO Michael Johnson said the migration strategy “implements a number of reforms which will improve the system, while recognising more work needs to be done”, pointing to the importance of further consultation on issues such as the chronic labour shortage in regional areas and changes to student visas.

Management 312

Management Accommodation Closing Hotels 312

Xotels

MAY 30, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. Occupancy or ADR? So what is it, Occupancy or Average Room Rate (ARR)?

Revenue Management 49

Revenue Management Occupancy Revenue Average Daily Rate 49

Demand Calendar

APRIL 25, 2023

It considers various reasons for traveling to the destination, such as for business (conferences, exhibitions, business meetings) or leisure (culture, festivals, concerts, sports). This type of forecasting is essential for understanding the total demand for accommodation in a destination.

Forecasting 72

Forecasting Occupancy Accommodation Revenue 72

Hotel Speak

JUNE 4, 2024

What drives more value to the business, ADR, average daily rate, or occupancy? Owners that are closely watching the P&L statement are especially keen to understand how they can drive the bottom line of their hospitality business. So what is it, Occupancy or Average Room Rate (ARR)? Which is it?

Revenue Management 47

Revenue Management Occupancy Revenue Average Daily Rate 47

Hotel Management

FEBRUARY 22, 2024

I think the recovery has been in some ways faster than it was in Thailand [Cameron’s previous posting, throughout the pandemic, was at The Peninsula Bangkok] and some other countries because major businesses and government delegations from all over the world needed to get in to China. We want to stay best in market. Click here for more.

General Manager 130

General Manager Business Management Travel 130

Hotel Management

MAY 25, 2023

Michael Johnson, CEO of Tourism Accommodation Australia and Interim CEO of Accommodation Association said the festival has evolved greatly over the years to become a “demand driver” for hotels. This year, Johnson explained, while there is demand for weekend bookings, occupancy during the week is softer than expected.

Occupancy 245

Occupancy Tourism Events Accommodation 245

Little Hotelier

OCTOBER 17, 2023

Nutana Hotel Lombok, in Mataram, is one of the best accommodation options for those on business trips to Indonesia. Apart from being a place to stay for business people, Nutana Hotel Lombok is also suitable for those who prioritise budget without compromising on the quality of comfort.

Occupancy 52

Occupancy Management Hotels OTA 52

Little Hotelier

JANUARY 14, 2024

Located only 150 metres from Mushroom Bay Beach in Lembongan, Castaway Boutique Resort is an accommodation that offers invaluable comfort and privacy. In addition to eliminating disruptions due to double bookings, Little Hotelier’s channel manager enabled Castaway Resort to increase occupancy.

Occupancy 52

Occupancy Resorts Operations Management 52

SiteMinder

AUGUST 1, 2024

What is a hotel business plan? A hotel business plan is a comprehensive document that outlines your hotel’s goals, strategies, and financial projections. It’s a vital tool for any hotel owner or operator, whether you’re starting a new hotel, expanding an existing business, or improving your current operations.

Business 52

Business Revenue Hotels Occupancy 52

Hotel Management

OCTOBER 3, 2024

Owners are responding to the growing need for properties that cater to both business and leisure travellers to accommodate the popular “Bleisure” trend. Hybrid spaces that can host large conferences and provide exceptional leisure experiences are on the rise, allowing owners to maximize occupancy and rates throughout the week.

Events 130

Events Construction Occupancy Accommodation 130

Hotel Management

OCTOBER 31, 2024

However, we’re now seeing encouraging signs of recovery, with business bookings picking up as we move into the latter half of the year. Our properties are performing well, with solid occupancy and rate performance. This success is a testament to the hard work of our Quest franchisees and the strength of our business model.

Pipeline 130

Pipeline Occupancy Consumer Marketing 130

Hotel Speak

MAY 19, 2023

76% of business travelers plan to extend a work trip for leisure in 2023, and 28% of travelers plan to take a flexcation, according to Expedia’s Value Index 2023. And the good news is that it unfolds great opportunities for hotel businesses to increase revenue. There are no more business trips as opposed to leisure ones.

Business 59

Business Travel Occupancy Services 59

Little Hotelier

APRIL 14, 2024

We recently had the pleasure of speaking to David about the property’s journey and how Little Hotelier’s software supports the vital needs of their business. Much of the business runs on my mobile phone.” Increased occupancy and direct bookings Due to the seasonality of the location, Haven Hall is only open between April and September.

Accommodation 52

Accommodation Management Hotels General Manager 52

Little Hotelier

JUNE 26, 2024

Decked with facilities such as a public swimming pool, this 12-room accommodation offers room amenities such as smart TV, water heater, and WiFi accessible in all public areas. Not only does it boost efficiency, Little Hotelier has also contributed to a rise in Attara Inn’s occupancy. “As the owner, I feel greatly aided.”

Occupancy 40

Occupancy OTA Operations Management 40

Hotel Management

JUNE 18, 2024

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Fiji continues to be loved the world over for the world class accommodation, great food and drink options, beautiful weather and classic sun, sand and surf. However, what really makes Fiji stand out is our people and our culture.

Tourism 264

Tourism Average Daily Rate Market Marketing 264

Hotel Management

SEPTEMBER 24, 2024

AHICE Group President James Wilkinson said the conference will focus on building positive growth in the sector, from improving occupancy and ADR to driving food and beverage revenue. The hotel sector is a major target market for many businesses. Hotel issues have an inevitable impact on supplier businesses as well.

Events 147

Events Hotels Target Marketing Accommodation 147

SiteMinder

DECEMBER 20, 2023

What is a hotel business? A hotel business is simply an establishment that offers guests a place to stay. No matter which definition you use, the ultimate goal of all hotel businesses is the same: to attract more guests, fill more rooms, and maximise the value of every booking. Here’s a basic list to get you started.

Business 59

Business Hotels Management Revenue 59

Amadeus Hospitality

JANUARY 12, 2023

The combination of forward-looking market insights will produce the industry’s most accurate view of worldwide air, hotel, and alternative accommodations bookings. January 12, 2023 – As travel trends continue to evolve, so have the lodging options available to travelers.

Business 52

Business Accommodation Travel Market 52

Amadeus Hospitality

FEBRUARY 28, 2023

A host of challenges face hoteliers, including the realization that in order to succeed, they must rely on business tools that enable them to make smarter revenue decisions. The access to forward-looking insights from Amadeus’ Demand360 solution will offer the opportunity to shift market share and grow Ascott’s business.

Business 59

Business Occupancy Revenue Market Share 59

Hotel Management

MAY 1, 2023

The business shared the announcement exclusively to HM ahead of the 14th Asia Pacific Hotel Industry Conference and Exhibition (AHICE), which takes place at the Adelaide Oval on May 3-4. “As The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22.

Retail 246

Retail Accommodation Branding Market Share 246

Amadeus Hospitality

SEPTEMBER 27, 2023

Originally published to the Amadeus newsroom 2023 global hotel occupancy levels are trending 10% ahead of 2022 with Q4 on-the-books reservations up 11% over last year, according to Amadeus data September 27, 2023 – There is a sense of buoyancy in the global hospitality industry as we head into the fourth quarter of 2023.

Occupancy 120

Occupancy Hospitality Revenue Business 120

SiteMinder

JUNE 6, 2024

With rising costs, evolving guest behaviours and the varying types of accommodation businesses that have emerged, revenue management now means different things to different properties. I define revenue management as a way for accommodation properties to earn more,” says De Ponga.

Revenue Management 98

Revenue Management Revenue Management Accommodation 98

Hotel Management

MAY 23, 2023

Despite the slow return of international travellers to Queensland, occupancy levels at Accor’s 96 hotels across the state are surging beyond 2019 occupancy levels thanks to strong domestic travel and the lure of major concerts and events.

Events 261

Events Accommodation Tourism Occupancy 261

Hotel Management

AUGUST 3, 2023

The Ascott Limited has launched a refresh of its flagship namesake brand, Ascott, that showcases its flex-hybrid accommodation concept. By being responsive to shifts in demand, Ascott can quickly pivot its operations to suit the needs of the market and optimise occupancy to drive revenue growth,” he said.

Branding 234

Branding Services Hotels Business 234

eZee Absolute

JANUARY 16, 2024

Being an accommodation provider, you will agree that managing a hotel is not an easy feat. Though these challenges are a part and parcel of your business, but with a little help and guidance, they can be easily avoided and overcome. But this has a huge prospect for hospitality businesses like yours.

Hospitality 102

Hospitality Marketing Strategy Occupancy Digital Marketing 102