Hotel Management

JUNE 18, 2024

President and Managing Director of International Operations, Barry Robinson, told HM. What we have found over the time is that our business has been pretty stable through good and bad times – our occupancies don’t really fluctuate, our sales velocity has been quite consistent,” Robinson said. “It’s

Business 264

Business Real Estate Sales Travel 264

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. Then there’s a couple of shops on either side of our lobby which are intended for hospitality operators. More and more so.

Construction 267

Construction Shopping Pipeline Occupancy 267

Hotel Management

JULY 18, 2024

Real estate experts from Savills have highlighted opportunity for property developers and accommodation operators in Christchurch as visitation and population growth rise. We are focusing on a range of strategic hotel developments in the central city,” said Savills’ Director of Commercial Sales and Hotels in Christchurch, Norman Engel.

Real Estate 130

Real Estate Motels Construction Occupancy 130

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

SEPTEMBER 5, 2024

The operator recorded an increase of 1.5 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 130

Occupancy Tourism Travel Events 130

Hotelier Magazine

FEBRUARY 10, 2025

Strong operating performance and investor confidence contributed to the sectors continued momentum, particularly in metropolitan markets. Overall occupancy levels remained flat, increasing by just 0.1 Despite topline revenue growth, profitability was slightly impacted by rising operational costs. per cent year-over-year.

Average Daily Rate 52

Average Daily Rate Occupancy Hotels Revenue 52

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

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. Owners are responding to the growing need for properties that cater to both business and leisure travellers to accommodate the popular “Bleisure” trend.

Events 130

Events Construction Occupancy Accommodation 130

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

MARCH 4, 2025

With more than two decades of experience in hospitality and academic leadership, Barker has held an endowed professorship at the Chaplin School of Hospitality and Tourism Management at Florida International University and also served as an operational manager for the Four Seasons in Philadelphia and Miami.

Hospitality 59

Hospitality Tourism Pipeline Construction 59

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. This will mean both front blocks will be in operation with unobstructed views, with all construction works occurring behind them.

Events 130

Events Construction Accommodation Tourism 130

Hotel Management

SEPTEMBER 7, 2023

There were a lot of passionate people who wanted the property to remain as the Palace Theatre and the construction timeline was drawn out because of that. We were happy to get a couple of operational weeks under our belt before we hit 100% occupancy over Formula One, and we had some pretty high rates as well.

General Manager 147

General Manager Branding Construction Occupancy 147

Hotel Management

DECEMBER 18, 2023

As debt and construction costs continue to prove challenging, we are finding that midscale and economy brands are quite appealing to investors as they require easier financing. The operating model for extended stay is often more cost efficient, with properties requiring less changeover and lower demand on housekeeping.

Branding 200

Branding Consumer Events Services 200

Hotel Business

APRIL 25, 2024

Net cash provided by operating activities of $76 million and adjusted free cash flow of $102 million. 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. and 8% internationally. and growth of 14% internationally. In the U.S.,

Pipeline 105

Pipeline Ancillary Revenue Revenue Occupancy 105

Hotelier Magazine

JULY 30, 2024

. — The Honourable Patty Hajdu, Minister of Indigenous Services, alongside Chief Darcy Bear of the Whitecap Dakota Nation, recently announced $15 million to support the construction of Dakota Dunes Thermal Spa, the first thermal-style spa in Saskatchewan. The total cost of the project is expected to reach $52 million.

Resorts 52

Resorts Construction Casinos Services 52

Hotel Management

MAY 10, 2023

On the back of over 90% hotel occupancy and $8.3 Dora Stilianos of Baker McKenzie moderated the next Operators Outlook panel where – again – the staff and training challenges were raised from the outset by IHG’s Matt Tripolone. South Australia is the place to be,” she said. His airline, by the way, is adding new planes.

Tourism 130

Tourism Hotels Construction Real Estate 130

Hotel Business

JUNE 12, 2023

The resulting white paper, titled “Hotel Borrowing Costs are Rising—But So Are Occupancy Rates,” projects positive outcomes based upon rising demand that will bolster key industry metrics, such as occupancy rates, ADR and RevPAR, while new construction is down to 2015 levels. “We

Occupancy 52

Occupancy Construction Revenue Hospitality 52

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. Many hoteliers wait for their hotel to start operations and then go for services like revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

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. Today, Z Hotels operates 14 sites throughout London, Bath, and Glasgow, offering 1,710 bedrooms.

Occupancy 52

Occupancy Hotels Construction Consumer 52

Hotel Operations

APRIL 15, 2023

The third one says they are constructing a cathedral for the Lord Almighty. If you think about every aspect of the hotel operation, you see just how much the little things matter. We have around 90,000 monthly active hotel operations users today. The first one says they are laying bricks.

Scale 64

Scale Operations Hospitality Construction 64

Hotel Management

MAY 10, 2023

Before morning tea, Andrew Robson regaled us with the revolutionary methods employed by SPL (who operate the largest laundry in the Southern Hemisphere) when “doing linen differently”. Leanne Harwood of IHG engaged diversity advocate Christopher Schiavello from his namesake construction company. And as for timeshare in cruising?

Marketing 130

Marketing Market Branding Events 130

Hotel Business

JULY 18, 2024

increase in occupancy. “Operating costs are expected to rise further. However, operating expenses, especially labor costs, are especially high in these top markets and it is getting more difficult to drive profits, leaving less than half of the top markets to grow GOPPAR this year.” increase in ADR and 0.8%

Occupancy 52

Occupancy Revenue Travel Operations 52

Hotel Designs

AUGUST 29, 2023

Whether voice control becomes the norm is debatable, given the obvious privacy concerns, but there are solutions that provide this option if operators so wish. The number of technical systems that go into the operation of a hotel is vast. In all scenarios, the technology must be well thought through and support the user experience.

Hospitality 98

Hospitality Operations Travel Hotels 98

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. Operating results at the property level have remained surprisingly strong through the summer despite headwinds.

Real Estate 111

Real Estate Marketing Market Business 111

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. Where should hoteliers begin? Why should hoteliers look to conversions? How should hoteliers manage those?

Construction 59

Construction Hotels Shopping Occupancy 59

STAAH

MARCH 14, 2023

This includes addressing any negative feedback in a professional and constructive manner. 5) Monitor your performance: Track the performance of your listings, including occupancy rates, revenue, and guest reviews. Maintain a high rating by consistently providing a great experience for your guests.

Management 98

Management Hiring Services Marketing Strategy 98

Cloudbeds

APRIL 9, 2024

The hospitality industry has been notoriously slow to innovate, relying on outdated, siloed systems that make running day-to-day operations a struggle. This adaptability ensures that whatever your specific needs might be, there’s a seamless way to integrate solutions that enhance operational efficiency. What is an API?

Upsell 52

Upsell Revenue Management Operations Revenue 52

Hotelier Magazine

SEPTEMBER 18, 2024

But on the flip side, the lower levels of supply have allowed the country to rebound to record occupancy levels and drive strong rate growth. With supply and demand generally balanced occupancy is expected to remain at a peak of 66 per cent. How this translates for the local accommodation sector is another year of strong occupancy.

Occupancy 52

Occupancy Marketing Market Accommodation 52

Hotelier Magazine

OCTOBER 10, 2024

Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. But from an operation standpoint, the markets out west are performing well.

Real Estate 59

Real Estate Marketing Market Hotels 59

Hotel Business

JUNE 22, 2023

Sean Hennessey, associate professor, NYU SPS Tisch Center of Hospitality, and a contributor to the report, added, “Although recessionary fears and unfavorable interest rates may dampen transaction activity, survey respondents remained confident that the improving operational trends will sustain the lodging sector’s trend of profit improvement.”

Net Operating Income 59

Net Operating Income Real Estate Consumer Hospitality 59

SiteMinder

DECEMBER 1, 2022

Most hotels do not need a TV-show inspired ‘hotel inspector’ on their doorstep to transform their operations, but hotel leaders everywhere require help sometimes, even industry veterans. New construction design. Operations analysis, (re)designing an optimally functioning servicescape and process improvement. Asset management.

Hotels 59

Hotels Business Occupancy Hospitality 59

Hotel Designs

DECEMBER 6, 2024

Mark Kelly, Partner and Chief Operating Officer, PLP Architecture Image credit: PLP Architecture Mark Kelly has been a Partner and Chief Operating Officer at PLP Architecture since 2009, bringing a solid architectural background and expertise in leading high-profile projects across the UK and the Middle East.

Scale 52

Scale Hospitality Retail Management 52

Boutique Hotel News

MARCH 6, 2023

She started her career in hotel operations, moving into sales and marketing in Austin, US, where she realised working in hospitality and helping people was the path she wanted to follow. She has big plans for sustainability across the company and Native aims to be Net Zero carbon as an operation by 2030.

Real Estate 101

Real Estate Hospitality Construction Management 101

Cloudbeds

DECEMBER 12, 2023

Whether you’re in marketing, sales, or operations, it’s imperative to continuously learn about best practices for operating more efficiently and meeting new guest demands. BITAC Operations 2024 Date: April 14 – 16 Location: Savannah, Georgia, USA. Why attend hospitality events? Who should attend? Why attend?

Tourism 98

Tourism Events Hotels Operations 98

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

Hotelier Magazine

JANUARY 23, 2024

A combination of factors plays into the scene, including an anticipation of construction costs and financing rates dropping, a renewed appetite for conversions, and a fresh interest in extended-stay properties and dual branding. During COVID, owners realized how much oversight was required to ensure maximum profitability at hotels.

Real Estate 59

Real Estate Branding Hotels Operations 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. Full-year 2022 operating results Fee-related and other revenues was $1.4 RevPAR grew 12%. and 9% internationally. billion compared to $1.2

Pipeline 59

Pipeline Revenue Construction Services 59