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The New South Wales government has vowed to increase support for tourism, nightlife and major events in the state budget, announced on Tuesday, marking a positive outcome for the hotel sector, according to Accommodation Australia NSW General Manager, Stacey McBride. Destination NSW will receive AU$324.5
In fact, concert-goers often flood the local hotel market, with occupancy rates skyrocketing, and hotels seizing the opportunity to increase room rates due to heightened demand. Here’s a closer look at the tangible impact of live concerts on hotel occupancy and the hospitality industry, backed by compelling examples and statistics.
Ascott acquired the Oakwood portfolio last year Lyf is an accommodation concept targeting next-generation travellers including non-traditional corporates such as digital nomads, start-ups, entrepreneurs and creatives. The post Exclusive: Ascott to open Sydney lyf, Oakwood Epping appeared first on Hotel Management.
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.
High-value guests and corporations will engage companies connected to the GDS to book not only accommodation but sometimes entire travel packages. The GDS is particularly useful for connecting with corporate travel programs and winning business transient bookings. Its also a good way to improve your hotels overall reputation.
Camil Yazbeck, Accor Global Chief Development Officer – Premium, Midscale and Economy Division Globally, we are witnessing a consumer trend toward ‘premiumisation’ in all sectors – cars, airlines, dining, retail shopping, and so forth. Here in the Pacific region, two of our most popular brands include The Sebel and Mantra.
On one hand, lower levels of supply growth may be limiting the ability to accommodate additional demand, particularly during peak periods. But on the flip side, the lower levels of supply have allowed the country to rebound to record occupancy levels and drive strong rate growth. per cent in Vancouver to a high of 30.3
This strategically located property is surrounded by five cutting-edge sustainable buildings housing knowledge-based industries, and 3,600 sq m of retail and enticing food and beverage outlets. Sustainability Efforts Energy-saving smart occupancy sensors are installed in the guests’ rooms as part of the energy conservation initiatives.
Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. based on your projected occupancy and service levels.
The World Cup will draw more than a million visitors to the Gulf state, which has embarked on a serious building and infrastructure programme to accommodate it. Dubai is in pole position, with demand for accommodation soaring, and will be operating almost 50 shuttle flights every day to Doha, which is less than an hour away by air.
Demand for trips remains strong as indicated by Amadeus Demand360 ® data, which shows that global hotel occupancies this year have largely been on par with pre-pandemic levels. Originally published to Amadeus Insights By: Mirja Sickel, Vice President, Hospitality Distribution, Amadeus 2023 is proving to be an exciting year for travel sellers.
The company provides advice and solutions to accommodation providers who are looking to increase their income through pricing and sales efficiency gains. Their approach is based on their “Must Do 7” – a laundry list of simple strategies shown to have an instant impact on critical KPIs like RevPAR and occupancy rate.
Here are some ways to use coupons to your small accommodation business’ advantage. Choose a coupon retailer that gives you reach into audiences you wouldn’t be able to get otherwise. They generally attract business by increasing the number of people who convert through your website, emails, social media, and other channels.
How can small accommodation providers keep revenue flowing? Strategies to increase occupancy and revenue. Following are some of the fail-safe tactics that accommodation businesses can use to improve the revenue flow. Hotel sales strategies to increase occupancy and revenue. Wait, there’s also a bonus. Sounds good?
With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Accommodation and Lodging The accommodation sector encompasses a broad range of lodging options from hostels and caravan sites to luxurious resorts and boutique hotels.
Wholesalers resell rooms to third-party retailers like tour companies, travel agencies, and OTAs, who in turn sell the rooms to travelers. They can book well in advance or walk in last minute, typically reserve only one room at a time, and pay retail or best available rates (BAR). Maintain a diverse distribution strategy.
Read on for the full guide to hotel bidding sites and how they can work for your small accommodation business. Increase occupancy rates, attract more customers A full room is almost always better than an empty room, and by allowing guests to name a price that they’re comfortable with, you’ll attract more. There are a few good reasons.
With customers expecting some sort of dining service from hotel accommodations, it has become almost a standard practice to provide. Accommodation and Lodging The accommodation sector encompasses a broad range of lodging options from hostels and caravan sites to luxurious resorts and boutique hotels.
Event-driven travel is undeniably booming, with its influence seen in hotel occupancy and room rates. Major public gatherings like the solar eclipse viewing in the US and sporting events like the UEFA Euro in Germany have also drawn significant attention to hotels, as local and international travellers flock to attend these events.
Travel wholesalers are B2B companies that purchase hotel room inventory in bulk at a discounted rate and sell it to OTAs, travel agents, tour operators, airlines, and other travel or accommodation sellers. Also known as bed banks, wholesalers are a ‘middleman’ sitting between travel agents and travel suppliers (in this case your hotel).
After roles at IQ Student Accommodation and Quintain Estates’ student division, she joined Greystar in 2015 and is part of the capital projects team. The end of 2022 saw its strongest month to date occupancy-wise.
The ground floor is the most valuable part of the asset because if it’s in a city center location that’s a prime location, can be rented out to a retailer, F&B operator, restaurant concept, whatever. We tend to have an occupancy rate of around 90% throughout the year and outperform STR market benchmarks by up to 30-40%.
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