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STR, TE Downgrade U.S. Hotel Forecast in Final Revision of 2024

Lodging

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 hotel forecast revision of 2024. percentage points to +1.5 percent and down 0.6 ppts to +1.4

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Star Hotels snaps up Rydges Gold Coast Airport amid ongoing terminal upgrade

Hotel Management

The region’s thriving tourism sector, coupled with the irreplaceable location of the Rydges Gold Coast Airport Hotel, were key drawcards for Star Group, guaranteeing strong, consistent demand from both domestic and international travellers,” Bunz said.

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Hotel Signings Remain Strong in India Despite Slow May – India Report

Skift Blog

But in May, there was a significant decline in average daily rates and revenue per available room compared to April. Skift Take: We're always talking about growth in India, and the hotel industry has had a significant number of branded signings and openings this year. Bulbul Dhawan Read the Complete Story On Skift

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Victoria’s tourism budget cuts ‘send the wrong message’ to hotel investors, AA says

Hotel Management

Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. AA said that Visit Victoria typically receives AU$32.5

Tourism 264
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Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market

Hotel Management

Ahead of the inaugural AHICE Fiji Islands Investment in Tourism Summit on July 3-4 , Tourism Fiji CEO, Brent Hill, spoke exclusively to HM about the strong demand for holidays in the South Pacific. Brent Hill, Tourism Fiji Tourism in Fiji is booming! Register now for AHICE Fiji Islands Investment in Tourism Summit.

Tourism 264
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Speakers revealed for inaugural AHICE Fiji Islands summit

Hotel Management

Leading figures in the South Pacific’s hotel and tourism industry will gather on Fiji’s Denarau Island for the inaugural AHICE Fiji Islands Summit , as the nation’s tourism market continues to thrive.

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CBRE predicts 2025 will be a ‘pivotal year’ for growth and investment in Australia’s hotel sector

Hotel Management

Following a surge in international arrivals and steady domestic demand last year, CBREs latest Hotels Australia Overview and Outlook report shows that the pace of growth will continue at a moderate rate in 2025. Australias international arrivals are now at 13% below pre-pandemic levels with strong demand from China, India and Southeast Asia.