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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.
Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We We have seen record occupancies over the past two weeks with the hotel closing the second part of October at 97.8%,” said One Global Resorts Green Square GeneralManager, Quercy Jouannes. “We
Its no longer enough to glance at daily occupancy numbers or fleeting ADR trendshoteliers must dig deeper to ensure that every decision they make aligns with profitability and guest satisfaction. Every hotel generalmanager should address these three pivotal questions: What are your most profitable guest segments and customers?
Event-related occupancy forecasts are particularly impressive, given STR and JLL report Melbourne has welcomed 81 new hotels and over 5,200 rooms in the five-year period between 2019 and 2024, with another 2,000 rooms still to come, said Accommodation Australia (Victoria) GeneralManager, Dougal Hollis.
GeneralManagers and other senior staff from top hotels gathered heard from a variety of guest speakers about market conditions including the impact of cost-of-living pressures and global uncertainty on the travel and hotel landscape. “The
Sales and revenue management are two departments that seemingly should be a match made in heaven but often find themselves at odds with differing goals for success.
Accommodation Australia NSW GeneralManager Stacey McBride said major events are essential in bringing much-needed tourists back into the CBD. “We can’t wait to show our beautiful city off to tens of thousands of runners from around the world.”
Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.
The New South Wales government has vowed to increase support for tourism, nightlife and major events in the state budget, announced on Tuesday, marking a positive outcome for the hotel sector, according to Accommodation Australia NSW GeneralManager, Stacey McBride. Destination NSW will receive AU$324.5 The budget also includes AU$1.66
Sofitel Melbourne On Collins GeneralManager, Stephan Leroy, is expecting a strong result for the hotel this Australian Open. Over the first weekend of the Australian Open, Melbournes luxury hotels saw a 9% increase in occupancy, Leroy told HM , quoting STR data.
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.
Almost a year on from China’s reopening to the world, The Peninsula Beijing GeneralManager, Cameron Cundle, spoke to Ruth Hogan about the recovery of travel, debunking preconceptions among travellers, and rooting the guest experience in cultural connection. The first big travel movement domestically was the May holiday – 1.3
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. “Today, it’s a great demand driver for hotels,” he told HM. They do such a fantastic job.”
La Vie reports that the hotel has exceeded occupancy targets since opening, regularly selling out during key events. Adge Hotel and Residences in Sydney’s Surry Hills has opened a second hotel tower on the site, expanding its room count by 149 guest rooms to a total of 254. The feedback from our guests has been nothing short of great.
Burke had plenty of positive news to share with occupancy trending back to 2019 levels, while rates are up 25%. He revealed that ADR more than occupancy separates the major markets; and luxury still leads in total growth, although midscale is making major strides. View the full collection of images from Day 1 of AHICE Aotearoa.
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.
Accommodation Australia (AA) NSW GeneralManager Stacey McBride said the Minns Government has listened to the needs of hotels and is confident the strategy will attract more visitors to the state, increasing hotel occupancy.
“It started with those more traditional pubs where we’ve elevated the food beverage offering and, in some cases, where there’s been those extra floors above, we’ve put in boutique hotel rooms, a rooftop bar, gardens – whatever made sense for the space,” explained Public Group GeneralManager of Hotels, Joanne Sproule.
Yet, many hotel generalmanagers have lost sight of this fundamental principle. They focus on occupancy rates, RevPAR, and other financial metrics while neglecting the seemingly minor details that create lasting impressions on their guests. The adage "retailing is detailing" rings truer than ever in the hospitality industry.
As we delve into the new year, our unwavering commitment revolves around three key pillars: Competency, Capability, and Collaboration, led by our Executive GeneralManager, Leanne Graham. In 2023, ahs hospitality celebrated significant achievements, setting the stage for an equally promising 2024.
Destination demand forecasting estimates the overall daily demand for hotel rooms in a particular destination. It considers various reasons for traveling to the destination, such as for business (conferences, exhibitions, business meetings) or leisure (culture, festivals, concerts, sports).
Hotel tax, also known as occupancy tax, lodging tax or bed tax, is a tax that US authorities impose on the rental of hotel rooms and other forms of short-term accommodation. Is hotel occupancy tax state or local? Texas hotel tax Texas imposes a statewide hotel occupancy tax of 6% , which only applies if the room rate is $15+/night.
Hotel and Resort Management Hotels and resorts require a strong leadership team to ensure smooth operations and exceptional guest service. Common roles include: GeneralManager Oversees all aspects of the hotel, from financial performance to guest satisfaction. Here are some of the most rewarding opportunities in hospitality.
First-time generalmanager Michelle Scott is flexing her sales and marketing skills to bring Marriott International’s ‘Wild Child’ Moxy to life in its first Australian hotel. We’ve set some high goals in terms of our occupancy level, and we continue to ramp up.
GeneralManager Peter Minatsis discusses the latest iteration of the brand and what makes this particular hotel special. 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. How has the hotel been performing since opening?
The title can varysome properties use terms like hotel manager, lodging manager, or director of hospitalitybut the core responsibilities remain the same. The hotel director sets expectations for service, supports team performance, and ensures the property is meeting its revenue and occupancy targets.
These media reports will impact occupancy rates and bottom lines. These liners, offering extended protection for up to two years from installation, deter bed bugs from taking occupancy on sleeping surfaces and prevent infestations. Generalmanagers must adopt a comprehensive approach to bed bug prevention.
In 2022, following successfully navigating the hotel through the pandemic, Golden took on the responsibility and role of Vice President of Operations (UK & North America) while maintaining her position as GeneralManager at Pan Pacific London. Schoeffer started his impressive career in 1997 at Hotel Martinez in Cannes, France.
For example, during peak travel periods, an efficient reservations manager using a modern property management system (PMS) can swiftly allocate room blocks for group bookings or special events, maximising occupancy without overbooking. What does a hotel reservations manager do?
Under the direction of the GeneralManager, 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
Imagine your hotel boasts an average occupancy rate of 70%. However, a closer look reveals you're wholly booked every Saturday with 100% occupancy, while you have fewer guests on Fridays. It's time to address the elephant in the room – relying solely on averages in the hospitality industry just won't cut it.
A year on from the introduction of the first Vibe hotel in South Australia, Vibe Hotel Adelaide GeneralManager, Katie Obst, discusses the evolution of Adelaide, the impact of large events and the power of design. Can you share any figures around occupancy levels and ADR?
Let's shift perspective—away from the numbers game of occupancy and rates and toward creating value-rich, unforgettable stays. I want to inspire hoteliers to embrace innovative strategies that resonate with modern travelers, setting a new standard for hospitality excellence beyond competitive pricing.
To maximize occupancy, hotels might unintentionally compromise the quality of guest experiences, hurting overall satisfaction and long-term loyalty. Putting too much emphasis on these metrics can shift focus away from the most critical aspect of the hospitality industry: providing exceptional customer service.
Top-line management in a hotel refers to the strategies, actions, and decisions made by the hotel's management team to maximize the hotel's total revenue, which includes room sales, food and beverage sales, event space rentals, and any other income-generating activities.
Maximising ADR helps a hotel increase revenue without needing to increase occupancy. Average occupancy rate : The percentage of available rooms that are occupied over a given period of time. A higher occupancy rate indicates better utilisation of available rooms – a sign that you are marketing and operating efficiently.
By adopting advanced technology and analytics, hotels can unlock new opportunities to optimize pricing, improve occupancy, and elevate room revenue. This blog post will guide you through the essential preparations to move from basic, manual methods to a comprehensive, data-driven revenue management approach.
The data generated by modern hotel operations – from booking patterns and guest preferences to room occupancy rates and ancillary revenue streams – is often scattered across various siloed systems. The traditional approach to decision-making faces a new challenge.
Key goals: State your main objectives, such as increasing occupancy rates, boosting revenue, or expanding your hotel chain. Pricing strategy: How you will set competitive room rates and consider implementing revenue management strategies to maximise occupancy and revenue. based on your projected occupancy and service levels.
While comforting in its familiarity, traditional revenue management is akin to focusing on the tip of the iceberg, ignoring the vast potential lurking beneath the surface. It's time to dive deeper beyond the allure of high occupancy rates and RevPAR.
Focusing primarily on occupancy-based KPIs can narrow the view of a hotel's performance. High occupancy numbers can offer a seductive sense of security, but they don't necessarily paint a complete picture of a hotel's financial well-being. For example, discounting to increase occupancy might boost short-term revenue figures.
Over time, these roles matured and transformed, giving birth to the modern-day revenue or reservations managers. In the context of smaller establishments, such as boutique hotels or bed and breakfasts, it’s often the generalmanager who dons the hat of a revenue manager, juggling multiple responsibilities.
They would sell the same price to everyone and assume that 100% occupancy was the ultimate goal. That, for me, is the optimum goal of revenue management.” The primary objective of revenue management should be profits, not just income, especially now that you have to factor the costs of distribution. “The
Whether you accept transient or group business to your hotel is more than just a revenue management question. It’s also a risk management question. And what is the philosophy of the hotel, the ownership, the generalmanager, and other stakeholders? How much are you willing to risk? What’s better? Sounds good, right?
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