Hotel Management

OCTOBER 3, 2023

Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Management

OCTOBER 1, 2024

Economic headwinds have impacted business and consumer confidence, and government spending has also been reduced. The Auckland market will need more than just the NZICC to see occupancy rates recover to near previous levels particularly considering the supply currently under construction.

Hotel Marketing 130

Hotel Marketing Market Marketing Events 130

Hotel Business

MAY 17, 2024

increase in occupancy. People have already spent a significant portion of their pandemic-era savings, and on top of that, the lingering inflationary pressures are putting a strain on discretionary spending, especially for more price-sensitive consumers.” this year, representing 115% of pre-pandemic levels in 2019.

Forecasting 111

Forecasting Construction Occupancy Consumer 111

Hotel Management

DECEMBER 18, 2023

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.

Branding 200

Branding Consumer Events Services 200

Hotel Business

SEPTEMBER 19, 2024

Borrowers seeking SOFR-based construction and bridge loans will experience an immediate benefit from today’s 50bps rate reduction,” said Charlie Ryan, SVP, capital markets, Hunter Hotel Advisors. Conversely, borrowers seeking permanent financing (5-year and 10-year loans) will likely be unaffected, at least in the near term.

Real Estate 111

Real Estate Marketing Market Business 111