Hotel Management

FEBRUARY 27, 2025

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

Average Daily Rate 130

Average Daily Rate Occupancy Pipeline Tourism 130

Hotel Management

JUNE 15, 2023

Following this wave of additions, higher debt cost and construction costs are anticipated to suppress the development pipeline, with activity being largely limited to key strategic sites usually having mixed use appeal. Melbourne is the primary recipient of new room supply (35% of total).

Hotel Marketing 276

Hotel Marketing Average Daily Rate Marketing Market 276

Hotel Management

MARCH 26, 2024

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared. Elsewhere in the Australia Pacific region, Marriott is experiencing strong growth. “I

Occupancy 130

Occupancy Hotels Dining General Manager 130

Hotel Business

FEBRUARY 6, 2025

. “All segments drove RevPAR outperformance, with strong trends in leisure occupancy, as well as continued growth in business transient and group results, and we expect favorable trends to continue into 2025. compared to the same period in 2023 due to increases in both occupancy and ADR. .” 31, 2023 Diluted EPS was $2.06

Pipeline 59

Pipeline Occupancy Construction Revenue 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

MARCH 4, 2025

We are thankful for the Marriott Foundations generous donation to help reduce barriers to entry and build a robust pipeline of skilled hospitality professionals through engaging applied learning opportunities, professional mentoring, lower tuition costs and seamless links to earn degrees.

Hospitality 66

Hospitality Tourism Pipeline Construction 66

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. Only ultra-luxury properties saw a slight decline, from 31.7%

Hospitality 122

Hospitality Average Daily Rate Occupancy Intent 122