Hotel Management

OCTOBER 7, 2024

“The current supply of new hotel accommodation is being hampered by rising construction costs, particularly for luxury venues in regional locations. These are distinct assets positioned in unrepeatable ocean view settings and boast a reputation of consistently achieving high occupancy levels.”

Hotels 162

Hotels Construction Occupancy Accommodation 162

MediaBoom

AUGUST 6, 2024

A strong hotel brand is the cornerstone of enduring success. In fact, a strong brand can increase revenue by up to 23%. Investing in hotel branding is a strategic decision that can yield substantial returns. A strong hotel brand builds trust, loyalty, and a lasting impression, ultimately driving revenue and market share.

Branding 95

Branding Hotels Services Market 95

Hotel Management

SEPTEMBER 5, 2024

occupancy points to 70.7% occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0 occupancy points as a result of increased leisure demand and group business. occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0 occupancy pts, Gold Coast up 3.8

Occupancy 130

Occupancy Tourism Travel Events 130

Hotel Management

MARCH 30, 2023

The Ascott Limited’s co-living brand lyf is eyeing its third location in Australia, with a new property in Sydney expected to be announced soon. Earlier this week, Ascott Australia Managing Director, David Mansfield, welcomed over 100 guests to discover the brand at an event at lyf Collingwood Melbourne.

Construction 246

Construction Branding Occupancy Business 246

Hotel Management

OCTOBER 3, 2024

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. Our development strategy has always been to sign the right hotel, with the right brand, in the right location, at the right time.

Events 130

Events Construction Occupancy Accommodation 130

Hotel Management

JUNE 11, 2024

The 2024 Summit is the start of some exciting things to come for our AHICE brand in Fiji and we are already looking at venues to host the conference over the coming five years,” said Wilkinson. Register for the 2024 event now. The post Speakers revealed for inaugural AHICE Fiji Islands summit appeared first on Hotel Management.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel Management

OCTOBER 3, 2023

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.

Occupancy 130

Occupancy Events Hotels Tourism 130

Hotel Management

MAY 1, 2023

The Ascott Limited is set to open two new properties in Sydney’s CBD and Melbourne’s outer north suburb of Epping under the lyf and Oakwood brands respectively. Serviced apartment brand Oakwood will launch its third Australian property in Epping with a 94-key mixed-use development at the corner of Fullarton Drive and Cooper St.

Retail 246

Retail Accommodation Branding Market Share 246

Hotel Business

NOVEMBER 7, 2024

The five-year, non-recourse financing takes out the original construction loan on the hotel, a boutique lifestyle brand of Hyatt Hotels, which opened in August 2021. The Thompson Savannah has continued to generate impressive growth in the key hospitality metrics, including occupancy, RevPAR, and ADR over the past two years.”

Construction 59

Construction Occupancy Services Hospitality 59

Hotel Management

DECEMBER 20, 2023

Veriu Group CEO, Zed Sanjana, and developer Tim Gurner are celebrating a successful first six months of Veriu Collingwood, with the apartment hotel garnering strong occupancy and room rates since opening. But in terms of the cost of construction, it doesn’t help to solve that at all. More and more so.

Construction 267

Construction Shopping Pipeline Occupancy 267

Hotel Business

JANUARY 12, 2024

JRK Property Holdings , through its $350-million hospitality fund, has acquired a two-property, 275-key Hyatt-branded hotel portfolio in San Juan, Puerto Rico, from the PRISA Group for an undisclosed price. with consistently strong occupancy and a healthy growth trajectory,” said Bhatia.

Occupancy 111

Occupancy Hotels Construction Dining 111

Hotel Management

JUNE 18, 2024

will receive the exclusive rights to develop new vacation ownership clubs and products under the Accor Vacation Club brand across Asia Pacific, Middle East, Africa and Turkey, and Accor will receive a percentage of vacation ownership sales revenue as a licensing fee. Travel and Leisure Co.’s Under the deal, Travel and Leisure Co.

Business 264

Business Real Estate Sales Travel 264

Hotel Management

SEPTEMBER 7, 2023

The Le Méridien brand is back Down Under, marking its return with the opening of Le Méridien Melbourne in March. General Manager Peter Minatsis discusses the latest iteration of the brand and what makes this particular hotel special. It’s all about coffee, culture and art and that’s exactly what the brand is.

General Manager 147

General Manager Branding Construction Occupancy 147

Hotel Management

DECEMBER 18, 2023

The fact is, there is no reason why an economy or mid-priced brand cannot make their customers feel respected, connected and valued – these are not qualities exclusive to luxury, rather, it is the essence of delivering a great hospitality experience. Tribe is another fast-growing brand in the midscale segment.

Branding 200

Branding Consumer Events Services 200

Boutique Hotel News

JUNE 28, 2023

UK: The “compact luxury” brand Z Hotels has secured a £15 million loan from OakNorth Bank to refinance an existing loan and construct new rooms at its Piccadilly property. The additional 20 rooms at Z Piccadilly will increase the hotel’s total room count to 132.

Occupancy 52

Occupancy Hotels Construction Consumer 52

Hotel Management

OCTOBER 9, 2023

Oaks Wellington Hotel is one of our full-service hotels and I was fortunate to manage the building during the construction and launch phase in September 2019. Under the Avani brand, we have upscale Serviced Apartment accommodation in Auckland, Avani Auckland Metropolis Residences, located in the iconic Metropolis building.

Events 130

Events Construction Accommodation Tourism 130

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 In the next Q&A with James Wilkinson, Jeff Wagoner from Outrigger Hospitality Group was still keen to get back into the Australian market after their 2016 acquisition of the famous Hawaiian beach brand. Some of the big brands don’t care about owner returns, just planting flags.”

Tourism 130

Tourism Hotels Construction Real Estate 130

Hotel Business

MARCH 1, 2024

The effect on urban hotel demand cannot be understated as historically there has been a 90% correlation between inbound foreign arrivals and urban hotel occupancy, with the greatest impact in gateway markets such as London, New York and Tokyo. billion investment into Rocco Forte hotels.

Real Estate 64

Real Estate Hotels Travel Branding 64

Hotel Business

APRIL 12, 2023

Speaking about the drivers behind this performance, Thomas Magnuson, CEO, Magnuson Hotels, said that this is a direct result of the company’s unique OTA-alternative distribution strategy designed for enhancing occupancy levels as well as its Fair Franchising policies that ensure owners retain a higher percentage of revenue.

OTA 59

OTA Revenue Construction Occupancy 59

Hotel Business

OCTOBER 25, 2023

We also continue to leverage our industry-leading portfolio of brands to drive further growth of our global network. compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.3% Highlights include: Diluted EPS was $1.44 billion and $2.6 billion and $2.6

Pipeline 59

Pipeline Occupancy Revenue Branding 59

Hotel Business

FEBRUARY 7, 2024

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.7% for the fourth quarter and $4.33 For the year ended Dec.

Pipeline 115

Pipeline Branding Revenue Occupancy 115

Hotel Business

JULY 26, 2023

. “System-wide comparable RevPAR continued to expand throughout the quarter, experiencing growth across all of our customer segments and regions, driven by strong preference for our brands,” said Chris Nassetta, president/CEO, Hilton. In May, Hilton launched a new brand in the U.S. billion and $2.6 billion and $2.6

Pipeline 98

Pipeline Revenue Branding Occupancy 98

Hotel Business

APRIL 25, 2024

Increased interest from hotel owners in our brands has propelled our development pipeline to a record 243,000 rooms, marking an impressive 8% increase. the company lapped the most difficult YOY comparisons during the first quarter, resulting in a decline of 440 basis points in occupancy and 50 basis points in ADR. In the U.S.,

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotel Business

OCTOBER 26, 2023

Our economy brands gained market share domestically amidst a backdrop of normalizing U.S. leisure demand, and international occupancy continued to recover. economy brands gained market share of 100 basis points in the third quarter. 30, the total number of contracts awarded for the brand was 265 (nearly 33,000 rooms).

Pipeline 64

Pipeline Market Share Branding Revenue 64

Hotel Business

APRIL 24, 2024

percent for the full year, excluding the planned acquisition of the Graduate Hotels brand.” Additionally, of the rooms in the development pipeline, 229,700 were under construction and 267,900 were located outside of the U.S. compared to the same period in 2023. .” compared to the same period in 2023. .”

Pipeline 64

Pipeline Branding Construction Occupancy 64

Hotel Business

APRIL 27, 2023

Awarded 35 new-construction projects for ECHO Suites Extended Stay by Wyndham, bringing the total number to 205 since launch in March 2022. Approximately two-thirds of this increase is driven by stronger pricing power, while the remainder is driven by higher occupancy levels. and 9% of growth internationally.

Pipeline 52

Pipeline Revenue Construction Branding 52

Hotel Management

MAY 10, 2023

Pohl went on to say that mid-scale, extended stay brand “Home” has proven popular with Americans and that the emerging Gen Z market was pushing new development in brands like Aiden (part of BWH). As a ‘challenger’ state, PR is important to our brand strategy, but it needs to have a holistic approach.” Stay tuned.”

Market 130

Market Marketing Branding Events 130

SiteMinder

APRIL 17, 2024

You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods. This unique approach allows hotels to offer rooms at discounted rates to bargain-hunting travellers, while still protecting rate parity and brand identity. Brand reputation remains intact.

Hotels 52

Hotels Revenue Revenue Management Management 52

Hotel Business

JUNE 22, 2023

“Working alongside NYU SPS has helped us better understand where the hospitality industry is experiencing friction,” said Umar Riaz, EY Americas real estate, hospitality & construction consulting leader/EY Americas hospitality sector leader. The top three factors driving RevPAR performance in 2023 are: 1. Leisure travel 2. Group travel 3.

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

Hotel Business

FEBRUARY 16, 2023

Development pipeline grew 12% year-over-year, including 170 new construction projects added for the company’s ECHO Suites Extended Stay by Wyndham brand since launch in March. Approximately 60% of the company’s development pipeline is international and over 80% is new construction, of which approximately 36% has broken ground.

Pipeline 59

Pipeline Revenue Construction Services 59

SiteMinder

DECEMBER 1, 2022

Seeking support with branding, marketing, HR or other specific divisions. New construction design. The direct outcomes of engaging a hotel consulting firm vary based on the assignment, however most outcomes also affect business growth, revenue, and occupancy. Re-designing facilities such as public spaces. Asset management.

Hotels 59

Hotels Business Occupancy Hospitality 59

SiteMinder

SEPTEMBER 8, 2022

Whether you are adhering to brand standards or enjoying the freedom of independence, the impact of your one-time decision-making here is amplified by how your customers share their travel experience via reviews and on social media, again and again. What are the legal, brand, or other requirements?

Hotels 59

Hotels Occupancy Upsell Business 59

Hotel Business

FEBRUARY 21, 2023

Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In ” He continued, “Our strategy over the last five years has significantly strengthened our brand portfolio and seen substantial investment to innovate our technology and distribution platforms. for full-year 2022 vs. 2019.

Pipeline 52

Pipeline Scale Occupancy Resorts 52

Boutique Hotel News

OCTOBER 27, 2022

The focus of the event, Sailing through the storm, involved six short presentations providing a state-of-the-market snapshot of debt finance, equity investor sentiment, valuations, operations, brand, and the distribution landscape. Construction costs are crippling which is making development a huge challenge.

Hospitality 52

Hospitality Real Estate Hotels Events 52

Boutique Hotel News

MARCH 6, 2023

Judi Blakeburn , brand director, Another Place , Watergate Bay and Beach Retreats [FC] With a career spent in hospitality marketing, Blakeburn is an expert on both the sector and the role of marketing in medium-sized businesses, and is a passionate advocate of the importance of brand and marketing at board level.

Real Estate 101

Real Estate Hospitality Construction Management 101

Hotel Business

APRIL 26, 2023

Overview For the three months ended March 31, systemwide comparable RevPAR increased 30% compared to the same period in 2022, due to increases in both occupancy and ADR, and management and franchise fee revenues increased 30.1% billion and $1.38 billion; full-year adjusted EBITDA is projected to be between $2.87 billion and $2.95

Pipeline 59

Pipeline Construction Revenue Occupancy 59