STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 83

Occupancy Forecasting OTA Revenue 83

Hotel Management

SEPTEMBER 5, 2024

Accor Pacific is anticipating continued growth in travel and development activity in the Queensland market following a positive result for its network in the first half of the year. occupancy points to 70.7% Leisure markets are slightly ahead of last year (+0.4 Leisure markets are slightly ahead of last year (+0.4

Occupancy 130

Occupancy Tourism Travel Events 130

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

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 News Resource

MARCH 8, 2024

Since 2020, WichitaÕs hotel market has experienced a rebound in occupancy and average rate, supported by strong levels of leisure and commercial travel.

Hotel Marketing 40

Hotel Marketing Marketing Market Construction 40

Hotel Management

JUNE 18, 2024

Evolving market With the rise of the sharing economy, the vacation ownership model is evolving with more and more instances of shared ownership of vacation properties, Robinson said. What’s affecting our growth is the cost of construction and the price of flying interstate.

Business 264

Business Real Estate Sales Travel 264

Hotel Management

OCTOBER 3, 2024

The corporate and MICE hotel sectors are evolving rapidly, driven by shifting market demands and emerging trends. 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.

Events 130

Events Construction Occupancy Accommodation 130

Hotel Management

JUNE 11, 2024

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. 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

MARCH 30, 2023

Almost a year on from the opening of its first Australian property in Melbourne’s trendy inner-city suburb of Collingwood, and with another under construction in Bondi Junction, the brand is exploring further opportunities for growth – in dynamic metropolitan neighbourhoods. We’re not aiming to be this high-end lifestyle brand.

Construction 246

Construction Branding Occupancy Business 246

Hotel Management

MAY 1, 2023

“Every decision is grounded in meeting current market trends and future needs of our modern-day travellers.” The Collingwood property has seen occupancy double to 72% and RevPAR grow by $50 in Q1 FY23, when compared to the opening three months May-July FY22. Ascott is aiming for a mid-2025 opening.

Retail 246

Retail Accommodation Branding Market Share 246

Hotel Business

JANUARY 12, 2024

San Juan is one of the strongest RevPAR markets in the U.S., with consistently strong occupancy and a healthy growth trajectory,” said Bhatia. San Juan trails only New York City and the Hawaiian island of Oahu in average occupancy, commanding a 74.7% This is the first investment outside the continental U.S.

Occupancy 111

Occupancy Hotels Construction Dining 111

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. A lot of the target [market] was around project-focused corporate opportunity. It is a mix. More and more so.

Construction 267

Construction Shopping Pipeline Occupancy 267

Hotel Business

FEBRUARY 10, 2023

4 (percentage change from comparable week in 2019*): Occupancy: 55.3% (-7.3%) ADR: $145.35 (+13.9%) RevPAR: $80.45 (+5.6%) While none of the top 25 markets saw an occupancy increase over 2019, Las Vegas came closest to its 2019 comparable (-1.4% The market also reported the highest ADR (+79.5% 29 through Feb. to $69.47).

Occupancy 59

Occupancy Construction Hotels Marketing 59

MediaBoom

MARCH 14, 2024

Marketing strategies in the hotel sector are designed to enhance brand visibility and broaden reach. A r obust local SEO strategy helps travelers find your hotel when they’re searching for accommodations in your vicinity, making it a critical component of your digital marketing efforts. Let Mediaboom guide you.

Digital Marketing 68

Digital Marketing Services Marketing Market 68

Hotel Management

APRIL 6, 2023

A year on from opening in April 2022, boutique Queenstown hotel The Carlin is celebrating increasing occupancy amid a strengthening luxury tourism market locally.

Dining 130

Dining Hotels Construction Occupancy 130

Hotel Business

NOVEMBER 22, 2022

While occupancy through Q3 was 3.8 The Fed’s continued increases in its policy rate has caused uncertainty in the public markets, affecting lodging demand in Q4. PwC now expects annual occupancy for U.S. Growth in both occupancy and ADR results in an expected year-over-year increase in RevPAR of 5.8%—approximately

Occupancy 103

Occupancy Construction Travel Hospitality 103

Hotel Business

APRIL 25, 2024

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. Internationally, the company generated YOY RevPAR growth for the first quarter in all regions primarily driven by continued pricing power, with ADR up 12% and occupancy up 2%.

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotel Business

JULY 18, 2024

On top of this, expenses are growing at a faster rate than revenues in many markets, and while overall labor expense increases are moderating, there are several major markets that face higher wage resets in the coming years. increase in occupancy. Overall, the top 25 markets are outperforming the U.S.

Occupancy 52

Occupancy Revenue Travel Operations 52

Hotel Management

MAY 10, 2023

ANZ’s Tim Addison countered by observing that “non-banks are seen as semi-complementary to the market.” On the back of over 90% hotel occupancy and $8.3 Salter Brothers’ Joel Zanoni reminded the packed room that “borrowers sitting outside the bank criteria can still find funding”. Don’t go to the bank and say, ‘we’re in trouble’.

Tourism 130

Tourism Hotels Construction Real Estate 130

Hotel Speak

OCTOBER 3, 2024

Recovery: A Mixed Bag STR’s latest data highlighted the UK’s global leadership in hotel occupancy, boasting a robust 77%. While occupancy remains impressive, it’s ADR (Average Daily Rate) that’s driving the real growth story here. Robert Shrimsley, Financial Times 2. See also: The State of Hospitality 2024 (Free Report) 3.

Hospitality 117

Hospitality Average Daily Rate Occupancy Intent 117

Hotel Business

MARCH 1, 2024

Stabilization has weighed heaviest in resort markets, predominantly in the Americas and EMEA, with Asia-Pacific continuing to accelerate as intraregional travel grows following border re-openings, according to JLL’s Global Real Estate Perspective February 2024. cities the largest beneficiaries of capital.

Real Estate 64

Real Estate Hotels Travel Branding 64

Hotel Business

JANUARY 24, 2024

Hotel Business spoke with renovation and repositioning specialist Tallal Bhutta, a leading authority on executing hotel conversions, and founder/CEO of BDB Construction Enterprise, who discussed the benefits of hotel conversions. Speed-to-market is a key factor in any successful conversion, and meeting deadlines can be daunting.

Construction 59

Construction Hotels Shopping Occupancy 59

Hotel Business

SEPTEMBER 19, 2024

“For many in the hospitality industry, this move comes at a critical time, as hotel owners continue to navigate the challenges posed by rising costs and a fluctuating market. He continued, “That said, it signals the beginning of a market thaw, which is a good thing for the hotel industry. Equity (mezz) will still be 14-16%.

Real Estate 111

Real Estate Marketing Market Business 111

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

eZee Absolute

DECEMBER 7, 2023

If you aren’t aware of overbooking, it is a strategy used by revenue managers to acquire more reservations than the number of available rooms to achieve the highest possible occupancy rate. 100% occupancy rate and better revenue. Do not shy away from revenue management. What does a hotel want?

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

SiteMinder

JULY 13, 2024

Revenue management revolves around measurement of what customers from different audience segments are willing to pay, as well as the ever-changing supply and demand within each market. The right distribution channels can have strong marketing power, putting your hotel in front of many customers you aren’t able to contact directly.

Revenue Management 98

Revenue Management Revenue Management OTA 98

Hotel Management

DECEMBER 18, 2023

Consumers have always appreciated a well-priced product or service that delivers good value – and in our current market, good value can be felt through an experience of well-being, an appreciation of good design, or genuine, heartfelt service. Tribe is another fast-growing brand in the midscale segment.

Branding 200

Branding Consumer Events Services 200

Hotel Management

MAY 10, 2023

In summation, Sterns warned that there existed insolvency risks among builders, as seen in the recent residential market worries. THSA’s Rodger Powell, never shy in his predictions, observed that “the market has no more tolerance for paying more for less” with regard to these COVID-driven practices.

Marketing 130

Marketing Market Branding Events 130

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. Adjusted EBITDA increased 5% to $200 million primarily reflecting higher fee-related and other revenues as well as marketing fund variability. The company’s U.S.

Pipeline 64

Pipeline Market Share Branding Revenue 64

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. Combined, this means the senior lending market isn’t as competitive as it once was.

Hospitality 52

Hospitality Real Estate Hotels Events 52

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. On a comparable basis—which excludes the marketing fund variability—adjusted EBITDA increased 10% YOY reflecting higher fee-related and other revenues. and 9% of growth internationally.

Pipeline 52

Pipeline Revenue Construction Branding 52

SiteMinder

APRIL 17, 2024

You can offer select inventory at discounted rates to price-conscious shoppers, maximising occupancy during slower periods. Promotional tools and marketing opportunities. The Hotwire platform provides unique marketing options that are tailored for the Hotwire audience. Maintain rate parity and manage your distribution.

Hotels 52

Hotels Revenue Revenue Management Management 52

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. During full-year 2020, the company’s marketing fund expenses exceeded revenues by $49 million in order to support its owners during COVID.

Pipeline 59

Pipeline Revenue Construction Services 59

Hotel Business

JUNE 22, 2023

The three top concerns for hospitality CFOs and senior management include interest rates, the looming recession fears, and the state of the hospitality labor market.” 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 15, 2024

Internationally, YOY RevPAR growth for both the fourth quarter and the full-year was primarily driven by higher occupancy levels. This increase included a $21 million favorable impact from marketing fund variability, excluding which adjusted EBITDA grew 6% primarily reflecting higher fee-related and other revenues. Diluted EPS was $3.41

Pipeline 72

Pipeline Revenue Marketing Market 72

SiteMinder

DECEMBER 1, 2022

Being presented with a new business challenge or evolving market conditions, such as a shift in the type of guests attracted to the market. Seeking support with branding, marketing, HR or other specific divisions. Seeking support with branding, marketing, HR or other specific divisions. New construction design.

Hotels 59

Hotels Business Occupancy Hospitality 59

Hotel Business

JULY 26, 2023

compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.1% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 22.1% billion and $2.6 compared to the same period in 2022.

Pipeline 98

Pipeline Revenue Occupancy Branding 98