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Throughout the event, which ran from May 24 through to June 15, occupancy rates stayed strong despite unfavourable weather conditions, with hotels reporting 75% occupancy on weeknights and up to 90% on weekends. The post Hotels enjoy strong occupancy levels in Vivid Sydney’s 14th year appeared first on Hotel Management.
This presents both an opportunity and a challenge – higher occupancy rates and premium pricing mean hotels must deliver an experience that justifies the cost to ensure repeat visits after the event ends. But price surges alone wont guarantee long-term success for hotels. Event-themed packages further enhance the guest experience.
Slated to open in August, the luxury lifestyle hotel aims to set a new standard for hospitality in Brisbane, with thoughtfully designed rooms, contemporary dining options, and a suite of recreational amenities. We look forward to delivering strong occupancy for the property, supporting a world-class stay.
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.
By Danielle Schalk These days, operating a thriving in-room dining service doesn’t come easily. And, while Germain Hotels doesn’t advertise its in-room dining as a 24-hour service, he notes that its full-service hotels, “are always going to try to be sure there’s an option to accommodate guests upon request.”
This scalability is especially valuable for hotels – as more information is collected about guest behavior, booking trends , and occupancy patterns the more precise rate adjustments, inventory management, and marketing strategies will be in the future. Why it’s important for hotels? Why it’s important for hotels?
However, as the market grew and evolved, this model started to show its limitations: Overreliance on historical data Traditional comp sets were rarely updated and relied heavily on historical data, such as past pricing, occupancy rates, and guest reviews. Offer coworking-friendly packages with high-speed internet and discounted midweek rates.
For instance you can offer exclusive experiences unavailable through standard bookings, such as private dining or VIP amenities. This can help in managing occupancy rates more effectively. Perceived value should exceed the cost, encouraging guests to make a purchase. 3) Content quality. 8) Last-minute deals.
This is especially true in luxury and lifestyle hotels, where research shows that people will actually travel just for a dining experience. Australia and New Zealand’s hospitality sectors led the world in terms of occupancy in 2024, achieving occupancies of 78.1% We dont believe in a one-size-fits-all attitude to F&B.
Its recent hotel openings include the 56-room Oxford House in Paddington with three food and beverage venues, which opened in August last year, and The Strand Hotel – a 100-year-old pub turned dining and hotel precinct. With its recently opened hotels, Public is seeing strong occupancy rates continue.
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
By being responsive to shifts in demand, Ascott can quickly pivot its operations to suit the needs of the market and optimise occupancy to drive revenue growth,” he said. The brand refresh aims to deliver fine dining without “excessive opulence” through timeless interiors, art Installations, bespoke services and themed suites.
Accor has reported strong recovery in its Western Australian hotels with occupancies of 68% year-to-date (YTD), marking a 7.5% Speaking to media in Perth last week, Accor Pacific CEO, Sarah Derry, said Perth was Accor’s second-best performing city in Australia (just behind Sydney), with 71% average occupancy YTD, 11.6%
Despite the slow return of international travellers to Queensland, occupancy levels at Accor’s 96 hotels across the state are surging beyond 2019 occupancy levels thanks to strong domestic travel and the lure of major concerts and events.
Designed by Bates Smart, the hotel will also feature a lobby restaurant and bar with all day dining options and contemporary communal spaces. “NH NH Collection in Dubai was profitable the third month we opened and it’s running at 90-95% occupancy. 2022 was our best year ever since we acquired NH.
A year on from opening in April 2022, boutique Queenstown hotel The Carlin is celebrating increasing occupancy amid a strengthening luxury tourism market locally.
They are fast paced, deliver strong occupancy rates and bring a diverse range of guests through our doors, enabling us to showcase our renowned EVT hospitality. This increased domestic travel is flowing through to our airport hotel occupancy rates, and we expect this to further increase as international travel continues to recover.
entertainment, dining and performance venue. 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% Puerto Rico Convention Center and the Distrito T-Mobile, a 476,000-sq.-ft.
The right sales tactics can help increase revenue, boost occupancy rates , and ensure guests have a positive experience. A loyalty program can encourage guests to keep coming back, which boosts your occupancy rate. Cross-Sell Other Services: Offer guests extra services like spa treatments, dining experiences, or local tours.
Guest profile is certainly the biggest influencer to determine whether guests may enjoy in room dining,” says Kristi Grotsch, director of Food and Beverage, Four Seasons Hotel Toronto. We also look at occupancy and food sales projections to ensure we order enough product for our occupancy levels.
This could range from overnight stays, spa services, or even dining experiences in your hotel restaurant. Boosting Off-Season Revenue Hotels often face fluctuating occupancy rates, particularly during the off-season. You can promote them in holiday campaigns, social media giveaways, or as special offers during low-occupancy periods.
Key Pricing Strategies: Dynamic Pricing : Adjust rates based on real-time occupancy, demand, and competitor rates. Read More - Best Hotel Pricing Strategies to Maximise Revenue Special Rates for Special Seasons Why it works: Seasonal demand impacts occupancy rates, requiring price adjustments. amenities, luxury).
occupancy during the quarter, driven by leisure demand, and a solid forward booking pace, the company also noted a sustained uptick in corporate and group travel, with Tokyo, Bali and Shanghai standing out as its best performing markets. “As Recording 74.4%
Before you realize it, the upcoming peak season will be here, presenting an opportunity to maximize your hotel’s occupancy with satisfied guests. Discounted on-property dining or other experiences can further attract guests during off-peak times. In this regard, having a solid marketing mix in place is crucial.
Food & Beverage Manager Directs all dining operations, from restaurants to room service and banquets. Clubhouse Manager Manages dining, events, and day-to-day clubhouse operations. Sales/Leasing Manager Manages tenant relations and ensures high occupancy in residential or commercial properties.
By allowing guests to book rooms for shorter durations, whether it’s for a quick nap, a business meeting, or a day-use staycation, hotels can optimize occupancy rates and revenue per available room (RevPAR). This could include chef-led cooking classes, curated tasting menus, or interactive dining experiences like farm-to-table dinners.
Can you share any figures around occupancy levels and ADR? Pleasingly, the hotel has experienced a much stronger ramp up than anticipated, launching just prior to WOMAD weekend in 2023 and achieving 80% occupancy on its second weekend. Throughout the year, our average Saturday occupancy has sat around 85%.
The report highlights that hoteliers view increasing occupancy and improving operational efficiencies as key priorities, with 85% of hoteliers anticipating that personalization could help deliver over 5% in incremental revenue. decision-makers planning to invest in technology within the year.
Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024. As a result, ADR for the group’s cluster of Maldivian properties is expected to rise 15%-20% this year, compared to 2023.
In the restaurant downstairs, we offer breakfast in the morning, then that space turns into Dolly at night – where nostalgic dining comes to life. 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.
Queenstown and Christchurch have outperformed North Island centres, with Auckland experiencing the most significant impact of additional supply and why occupancy is 18% behind 2019. Auckland can get excited for Pearl Jam and Coldplay in November with occupancy on the books already in the high 70’s across each performance night.
Hotel tax, often referred to as occupancy tax, lodging tax, or tourism tax, is a fee imposed on guests staying at hotels , motels, or other lodging facilities. In some regions, hotel occupancy tax collections are showing remarkable growth. For instance, in Bryan, Texas, Hotel Occupancy Tax (HOT) collections experienced a 19.4%
Under the direction of the General Manager, lead team of exempt and non-exempt service staff in the overall management of a retail dining and catering unit in full compliance with all food, occupational safety rules and regulations and customer service expectations
Spanning a street-level promenade and plaza, diners can look forward to world-class food and beverage outlets offering the finest dining experiences. Positioned in the unique and sought-after Downtown Dubai where every view frames the iconic Burj Khalifa, the journey to limitless luxury starts with the architecture itself.
. “Our tailored sleep solutions and unique service package allows our clients to select with confi dence.The Bedruthan chose a selection of contract specifi cation mattresses, divans, and sofa beds to ensure the complete comfort of their guests whilst maintaining fl exibility in room occupancy”.
Booking promotions serve multiple strategic purposes: Increasing occupancy rates: Promotions can help fill rooms during low-demand periods and help a hotel “piggyback” on subjects that are already front of mind for their audience. Here are just five examples of hotel promotions you can run to increase occupancy and revenue when needed.
The hotel also added a new restaurant with an open kitchen and wine cellar, plus a new private dining room/boardroom, guest library lounge and enhanced conference rooms.
From spa services to dining experiences and beyond, hoteliers are leveraging dynamic pricing strategies to optimize ancillary revenue streams. This agile approach ensures that hotels can optimize revenue by maximizing occupancy levels and avoiding revenue losses due to underutilized inventory.
Performance metrics : Regularly monitor key performance indicators (KPIs) for your listings, such as occupancy rates, average daily rates (ADR), booking lead times, and guest satisfaction scores. As a result, we have been able to increase both our ADR and occupancy rates.” Capture the essence of the serene location.
Private on-site dining experiences can be arranged on request. Image credit: Claire Menary Photography Croncota and Fernandes, who hail from the US and Portugal respectively, began renovating properties alongside their ‘day jobs’ more than 17 years ago and made this passion their full-time occupation in 2017.
This includes offering tailored packages, suggesting room upgrades, promoting in-house dining experiences, and even curating special entertainment events. Optimising Occupancy : Hotels have a fixed number of rooms, making it essential to ensure high occupancy rates. This strategy aims to ensure maximum occupancy.
Revenue management tools are software and systems that help hotels optimize pricing, control cost , maximize occupancy, and increase profitability. It monitors guest reservations, room occupancy, and overall performance metrics. What Are Revenue Management Tools? And not just from your hotel rooms?
Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Hotel facilities and amenities: Detail your hotel’s facilities and amenities, including the number of rooms, room types, dining options, meeting rooms, and leisure activities.
Historically, hotel performance has been measured by room-based metrics such as Revenue per Available Room (RevPAR), Average Daily Rate (ADR), and occupancy. For example, automated systems can suggest dining packages, spa treatments, or exclusive experiences based on previous guest behaviour.
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