Hotel Management

APRIL 22, 2024

Adelaide hotels are reaping the benefit of a number of large-scale events across the city in 2024, according to recent data from CoStar. During the Santos Tour Down Under, between January 12-21, hotel occupancy reached 78.1%, while revenue per available room (RevPAR) increased 11.4% year over year to AU$179.18. yoy to AU$191.25.

Occupancy 130

Occupancy Average Daily Rate Events Scale 130

Hotel Management

SEPTEMBER 28, 2023

Hotels in Sydney and Melbourne are benefitting from an influx of interstate visitors for their respective public holiday weekends with major sporting events taking place across the two cities. Northerners keen to see in the AFL on Saturday have also boosted Melbourne hotels with around 80% occupancy for both Friday and Saturday nights.”

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Occupancy Accommodation Events Hotels 264

Hotel Management

NOVEMBER 14, 2024

Nuell said the partnership over the past three years has resulted in more Marriott Bonvoy sign ups, increased brand awareness and increased hotel occupancy and revenue in the company’s 10 Melbourne hotels.  “The We operated at high occupancy throughout the tournament, and are currently pacing in line with last year.

Occupancy 130

Occupancy Events Revenue Accommodation 130

Hospitality Net

DECEMBER 18, 2024

Event-driven travel is undeniably booming, with its influence seen in hotel occupancy and room rates. As Allied Market Research reports, the global events industry is projected to reach US$2 trillion by 2032 nearly doubling its 2019 size of US$1.1

Events 130

Events Revenue Management Revenue Market Research 130

Skift Blog

JULY 19, 2023

Skift Take: Industry experts are very bullish on the revenue growth of premium hotels owing to better operational parameters, largely due to domestic demand and global events like the G20 Summit and the Cricket World Cup 2023. Amrita Ghosh Read the Complete Story On Skift

Occupancy 189

Occupancy Events Revenue Operations 189

Lodging

OCTOBER 19, 2023

Group bookings are calculated using occupancy and average daily rate (ADR). The third quarter of this year shows the top 25 U.S. markets have recovered 99.1 percent for group business compared to the same time in 2019.

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Average Daily Rate Business Hospitality Occupancy 299

Hotel Management

MARCH 30, 2023

Marriott International, the preferred accommodation partner for the event, has reported high-level bookings over the next two weeks, with their eleven Melbourne hotels at 100% occupancy on April 1 – an incredible feat for its newly opened hotels, Le Méridien Melbourne and The Ritz-Carlton Melbourne. It’s exciting for us.

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Occupancy Events General Manager Hotels 130

Hospitality Net

SEPTEMBER 13, 2024

Singapore, now leading the region with occupancy rates surpassing 83% in early 2024, is capitalising on its ability to attract major international events. This report delves into the intense rivalry between Singapore and Hong Kong, two of Asia’s most influential hotel markets, each vying for dominance in the post-pandemic era.

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Hotel Marketing Market Marketing Occupancy 237

Hospitality Net

JANUARY 25, 2024

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index (the “Index”). has recovered 110 percent compared to the same time in 2019.

Average Daily Rate 245

Average Daily Rate Business Hospitality Occupancy 245

Hospitality Net

FEBRUARY 5, 2024

Occupancy sat at 56.2%, essentially matching the same week last year, down just 0.2 As has been seen several times over the past couple months, the Las Vegas market with twice as many rooms as the next largest market and hosting large events had a significant impact on overall industry performance. percentage points (ppts).

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Average Daily Rate Occupancy Events Revenue 244

Hospitality Net

SEPTEMBER 11, 2024

Helped by three events, Abu Dhabi posted its highest August hotel occupancy on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.

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Occupancy Real Estate Events Hotels 100

Hotel Management

JUNE 11, 2024

Fiji Deputy Prime Minister and Minister for Tourism and Civil Aviation, the Honorable Viliame Gavoka, will be among the keynote speakers at this year’s event, with Tourism Fiji CEO Brent Hill leading a presentation on the Fiji Tourism Industry Outlook. Register for the 2024 event now. View the 2024 program here.

Average Daily Rate 260

Average Daily Rate Tourism Events Resorts 260

Hotel Management

JANUARY 7, 2024

Trip cancellations throughout December resulted in a sharp drop in occupancies, from mid-70% down to 30%, equating to millions of dollars of lost revenue, according to Accommodation Australia CEO, Michael Johnson.

Tourism 287

Tourism Cancellation Accommodation Occupancy 287

Hospitality Net

JULY 23, 2023

Since the COVID-19 pandemic, Philadelphia’s ADR has fully recovered, but occupancy and RevPAR remain below 2019 levels. However, leisure demand has increased, and the city is preparing to host several large events in the coming years, supporting a positive outlook.

Hotel Marketing 230

Hotel Marketing Market Marketing Occupancy 230

Hospitality Net

OCTOBER 18, 2023

Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, and Amadeus, a global leader in hospitality technology, today present the metrics from the companies’ Hospitality Group and Business Performance Index. Group bookings are calculated using occupancy and average daily rate (ADR.)

Average Daily Rate 239

Average Daily Rate Business Hospitality Occupancy 239

Hotel Management

FEBRUARY 8, 2024

Major events like these are a boon for hotels and a huge boost for the visitor economy. Sydney hotels are already at 84% occupancy for The Eras Tour long weekend, according to Accommodation Australia. Whatever you think of her music, everyone in NSW should be thanking her for coming.”

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Accommodation Occupancy Events Marketing 288

Hotel Management

MAY 25, 2023

Events and attractions draw people into cities and it’s great for our industry. This year, Johnson explained, while there is demand for weekend bookings, occupancy during the week is softer than expected. At InterContinental Sydney, however, the team is seeing strong occupancy across the board. They do such a fantastic job.”

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Occupancy Tourism Events Accommodation 245

Social Tables

DECEMBER 27, 2018

What does it mean to be a part of the events industry in 2019? For venues and planners, that means looking into the crystal ball to get ahead of event trends and expectations. Here, we cover the top 19 trends which promise to shake up event planning and hospitality in 2019 and beyond. Well for starters, don’t blink.

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Events Business Scale Consumer 167

Hospitality Net

NOVEMBER 3, 2023

Prior declines due to economic and business “black swan” events required four to eight years for RevPAR to recover. The recovery is driven by exceptionally strong daily rate growth, as national hotel occupancy is still striving to recover to 2019 levels.

Occupancy 243

Occupancy Revenue Events Business 243

Hotel Management

FEBRUARY 27, 2024

Sydney hotels enjoyed a record-breaking weekend, with many reporting occupancy levels of between 90% and 100%, thanks to major events across the city, including four sold-out Taylor Swift concerts.

Tourism 217

Tourism Occupancy Accommodation Events 217

Hospitality Net

MAY 28, 2024

For some hoteliers, a Revenue Management System (RMS) seems like the ticket to higher occupancy and room rates. It handles pickups, cancellations, weather, market segment, demand, area events, and more. Get the software, input some data and away you go. Or something like that. Consider the tasks of an RMS.

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Revenue Management Revenue Management Cancellation 244

Hotel Management

OCTOBER 29, 2024

Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

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Occupancy Average Length of Stay Accommodation Events 162

Hotel Management

OCTOBER 10, 2023

Over 550 hotel industry professionals descended on Wellington’s new Takina Convention and Exhibition Centre for the second Aotearoa Hotel Industry Conference and Exhibition, marking a new attendance record for the event. Burke had plenty of positive news to share with occupancy trending back to 2019 levels, while rates are up 25%.

General Manager 249

General Manager Events Occupancy Resorts 249

Amadeus Hospitality

MARCH 21, 2024

Being able to witness this from land is incredibly rare, with astronomers at NASA saying that it could be as long as 375 years before a similar event occurs in this North American pathway. ADR has continued to rise too, averaging a 7% increase from when the data was last examined (see charts above and below).

Occupancy 90

Occupancy Average Daily Rate Hotels Marketing 90

Hospitality Net

NOVEMBER 10, 2023

With the pandemic mostly in the past, Downtown Indianapolis’s ADR has fully recovered, but occupancy still has not returned to 2019 levels given the slow rebound of corporate demand. However, leisure demand has increased, and the city’s event pipeline is robust, supporting a positive outlook for Downtown Indianapolis.

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Pipeline Occupancy Events Hotels 183

Hotel Management

APRIL 16, 2024

La Vie reports that the hotel has exceeded occupancy targets since opening, regularly selling out during key events. Adding 149 extra rooms to our inventory means we can better cater to demand surges over busy event periods, which will only add to the colour and life that keeps this hotel buzzing.”

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General Manager Resorts Hotels Events 264

Lodging

JANUARY 26, 2024

Group bookings are calculated using occupancy and average daily rate (ADR). The Index combines event data from Knowland with hotel booking data from Amadeus’ Demand360+ to provide individual and aggregate views of […] The post Knowland, Amadeus Data Finds Group Business Performance Growth appeared first on LODGING Magazine.

Average Daily Rate 182

Average Daily Rate Business Occupancy Events 182

Hotel Management

MAY 23, 2023

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. And that’s the power of events and sport,” Derry said.

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Events Accommodation Tourism Occupancy 261

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. An economic downturn, natural calamity or events like a pandemic make a hard situation worse.

Occupancy 90

Occupancy Forecasting OTA Revenue 90

Skift Blog

JUNE 29, 2023

Skift Take: While Seattle is thriving across the board, it is high hotel occupancy that stands out as a clear winner. Jess Wade Read the Complete Story On Skift

Occupancy 244

Occupancy Travel Hotels Events 244

Hotel Management

APRIL 6, 2023

The focus on securing a series of successive major events has delivered a major boost for WA’s hotels, with Perth hotels regularly recording the highest occupancy levels in Australia in recent months,” he said. “It It is critical that we maintain the momentum that has been built.

Tourism 235

Tourism Occupancy Accommodation Events 235

Hotel Management

AUGUST 29, 2024

The half-day event at The Tokyo EDITION hotel in Toranomon will unite leaders from the hotel, aviation, and tourism sectors to discuss challenges and opportunities in this rapidly evolving market. Occupancy growth has largely stabilized across all days of the week, further supporting this theory. “In

Tourism 147

Tourism Occupancy Hotels Events 147

Hotel Business

AUGUST 11, 2023

Global business travel and events costs are set to climb higher through the remainder of 2023 and into 2024, albeit at a much more moderate pace than the exceptionally steep increases seen in 2022. Occupancy rates have been high, but so have labor, energy, and food and beverage costs. YoY to $161 in 2022. increase to $174 in 2024.

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Events Business Travel Forecasting 98

Hotel Management

MARCH 12, 2024

Marriott International’s 10 Melbourne hotels are experiencing a boom in bookings for the 2024 Formula 1 Rolex Australian Grand Prix, with the event driving occupancy over 90% and a 4% increase on average daily room rates over the race weekend (March 22-24, 2024).

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Events Occupancy Travel Hospitality 130

Hotel Management

NOVEMBER 5, 2024

Accommodation Australia NSW General Manager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD.

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General Manager Accommodation Events Occupancy 147

Hospitality Net

APRIL 27, 2023

Multiple events in the U.K., including the King’s coronation and Eurovision, are driving hotel occupancy on the books in both London and Liverpool, according to STR’s Forward STAR data.

Occupancy 130

Occupancy Market Marketing Events 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