Hotel Management

NOVEMBER 12, 2024

Rydges Gold Coast Airport Hotel has been acquired and settled by Star Hotels, a division of Star Group, Queensland’s largest independently owned and operated pub and liquor retail group. The property will continue to operate as a Rydges hotel.

Average Daily Rate 275

Average Daily Rate Retail Tourism Hotels 275

Lodging

SEPTEMBER 10, 2024

Energy accounts for 6 percent of all operating costs; on average, U.S. For full-service hotels, reducing energy consumption by 10 percent is comparable to raising average daily rate by $1.35. Powering hotels can be expensive. But energy efficiency brings benefits beyond boosting the bottom line.

Average Daily Rate 289

Average Daily Rate Services Operations Hotels 289

Hotel Management

JUNE 15, 2023

Sustainability is increasingly a major concern for developers and operators due to rising utility costs of hotels, and the global investment market’s focus on ESG for all real estate asset classes. In addition, the new wave of supply is anticipated to play a role in driving rate performance over the next two years.

Hotel Marketing 276

Hotel Marketing Average Daily Rate Marketing Market 276

Hotel Management

JUNE 6, 2023

While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. from the previous forecast, but projections for average daily rate (ADR) and revenue per available room (RevPAR) were lifted 1.5% The occupancy projection for this year was lowered 0.2%

Forecasting 264

Forecasting Average Daily Rate Occupancy Tourism 264

Hotel Management

JUNE 11, 2024

Brent Hill, Tourism Fiji Leading figures from major hotel operators will take to the stage including Accor Chief Operating Officer PME – Pacific, Adrian Williams, and Outrigger Hospitality Group, President and CEO, Jeff Wagoner, alongside key owners such as Crowne Plaza Fiji Nadi Bay Resort and Spa Owner, Jay Singh.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel Management

JUNE 29, 2023

CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Hotel Management

JANUARY 8, 2024

Lyf Schönbrunn Vienna “Ascott operates with a flex-hybrid model that gives opportunistic agility across our serviced residences, co-living properties and hotels,” Goh said. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.

Average Daily Rate 264

Average Daily Rate Accommodation Scale Branding 264