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As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market. Melbourne is the primary recipient of new room supply (35% of total).
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
With a new focus on global market diversification, the three-year pipeline over 285 new hotels and almost 47,000 keys will see the addition of more than 100 properties in Asia, more than 60 in the Middle East and Africa, and 40 in Australia and New Zealand.
Transactions of this nature are not uncommon in our industry, and reflect a buoyant and dynamic market, driven by strong investor confidence. Hilton said Adelaide continues to be an important market for the business. The post Amora Hotels and Resorts acquires five-star Adelaide hotel appeared first on Hotel Management.
Fact: Only 8% of sales and marketing professionals say their data is between 91% - 100% accurate. In 2019, DiscoverOrg commissioned Forrester Consulting to evaluate sales and marketing intelligence practices in the B2B space. of companies achieved a score indicating maturity in data management practices in the space.".
Accor is investing in leadership within its luxury and lifestyle division, with the appointment of experienced hotelier and asset manager David Fraser as the Vice President Operations for Sofitel, Sofitel Legend, MGallery, and Emblems in the Pacific. Im also eager to explore opportunities to bring the prestigious Emblems brand to the Pacific.
Notably, Brisbane, Perth and the Gold Coast were the only markets to record pre-pandemic rates across all three performance indicators, said CBREs Australian Head of Hotels Research, Ally Gibson. On the supply front, a total of 1,800 rooms were added to the market with delays and pipeline shifts pushing some planned hotel openings to 2025.
Bagley joins from Choice Hotels Asia-Pac, where he recently served as Franchise Development Manager, successfully expanding the brands portfolio and contributing to significant revenue growth. We are thrilled to welcome Dean to the team, said BWH Hotels Australasia Managing Director, Rod Munro.
This accelerated pipeline reflects the dedication and hard work of our exceptional teams worldwide, strengthening our networks consistency, redefining our brand identity, and elevating our brand promise. 2024 has been a milestone year for our brands, marking unprecedented development momentum, said Bailly.
New Zealand hotelier Chris Dickinson has introduced a new luxury accommodation brand to the market with four Auckland properties slated to launch within the first half of 2025. We are excited to debut Luminous on Anzac in early 2025 and have a strong pipeline of three additional properties to be announced,” Dickinson said.
TFE Hotels has signed a multi-property management agreement with New Zealand’s Heritage Hotels, which will see half of the Heritage portfolio refurbished and rebranded under the Adina and Rendezvous brands. TFE Hotels is set to establish a New Zealand Country Office in Auckland to support its growing presence in the market.
Peak industry body Accommodation Australia (AA) has raised concerns over cuts to Victoria’s tourism marketing budget, saying the move will impact visitation to the state and ‘sends the wrong message’ to hotel investors. AA said that Visit Victoria typically receives AU$32.5 Budget reductions on this scale, with just $15.5m
Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. Our growth strategy is asset-right, across leased, franchised and managed business models and we’ve also been seeing more opportunities for conversion projects.
Boutique fund manager Serene Capital has taken ownership of Adina Apartment Hotel Barrack Plaza at 138 Barrack Street in Perth’s CBD. On Wednesday January 31, the 100-key hotel became the 11 th asset in Serene’s flagship hotel fund, Serene Capital Hotel Fund 1, joining more than AU$850 million assets currently under Serene Capital management.
The New Zealand market is not without its challenges, and a unified approach to industry representation at government level could have a powerful impact, writes The Ascott Limited Managing Director – Australia, David Mansfield. Looking ahead, we have several exciting opportunities in the pipeline.
La Vie hires ex Spicers Retreats GM to drive boutique La Vie Hotels and Resorts has appointed experienced boutique hotel manager, Sam Giles, as General Manager at 202 Elizabeth. McGufficke, who also assumes the position of Area General Manager Hunter Region, described the role as a “dream job”. “I
Skift Take: Fairmont is a luxury brand that has been underperforming its potential in its development pipeline. Can a new CEO and management team with a new strategy improve things? Sean O'Neill Read the Complete Story On Skift
Hotel asset management firm Axsia HTL is predicting a drop off in hotel management agreements (HMAs) in 2024 and beyond as more owners opt in favour of franchise agreements, which are predominate in the US market. The post HMas are out, franchise agreements are in, Axsia HTL reports appeared first on Hotel Management.
25hours Sydney names General Manager Australia’s first 25hours hotel, which is scheduled to open in the first quarter of 2025, has appointed Silvia Kypriotis as its General Manager. Winner of the HM Australian General Manager of the Year award in 2021, Kypriotis is recognised as an empathetic and people-oriented leader. “I
The latest signings add over 560 rooms to Hiltons South East Asia portfolio, joining a pipeline of 28 mid-market openings in the coming years. Hilton plans to more than triple its focused service footprint in the region in the coming years, with a focus on Hilton Garden Inn as well as other mid-market branded hotels, from 12 to 40.
With the Brisbane Games just eight years away, the upscale property meets a need for four- and five-star full-service hotels in the region and will support a growing domestic and international tourism market. The post IHG signs 153-key Sunshine Coast property with Felix Capital appeared first on Hotel Management.
The company also sealed a record of over 80 deals signed across 13 markets, representing approximately 18,000 rooms. At the end of 2023, Marriott’s APEC development pipeline stood at over 320 hotels with over 69,000 rooms. In Marriott’s global luxury rooms pipeline, 25% is represented in APEC.
“As part of the world’s largest hotel brand family, Holiday Inn’s inimitable hallmarks strongly align to the approachability and leisure-orientated nature of the Sunshine Coast market.” The post IHG signs Sunshine Coast Holiday Inn and Suites hotel appeared first on Hotel Management.
These are smaller hotels – 100 to 140 rooms – which enables us to have a greater reach to get into provincial and regional Australia, both franchised and managed, which is also a new venture for us,” he said. Hilton Garden Inn is another predicted growth engine for Hilton following recent openings in Darwin and Busselton, Hutton reported.
The Ritz-Carlton, Melbourne names new GM The Ritz-Carlton, Melbourne has welcomed seasoned hotelier Rachael Harman as the hotel’s new General Manager. Harman brings over 20 years of industry experience to the role, having worked in senior management roles across luxury hotel brands in Malaysia, Singapore, New Zealand and Australia. “We
Adina Chermside brings a renowned, international hotel brand to this important suburb, filling a gap in the accommodation market for the north side of Brisbane and the Prince Charles Hospital. The post TFE signs new-build Adina in burgeoning Brisbane suburb appeared first on Hotel Management.
Chris Nassetta at the launch of Canopy by Hilton The opportunity to acquire Graduate Hotels, which has 35 hotels open and in the development pipeline, was one too good to miss in this case and Nassetta said the acquisition will help accelerate the company’s growth in the booming lifestyle segment globally.
There are still some signature hotels in the pipeline, with the Marriott Adelaide, Shangri-La Melbourne, Star Grand Brisbane, and 25hours Sydney scheduled to open over the next year. Effective hotel asset management has never been more crucial. Read HM ’ s full 2024-2025 Hotel Development outlook here.
Marriott International is sharpening its focus on luxury with the appointment of Krister Svensson as Multi Property Vice President, Luxury Hotels Australia and General Manager at W Melbourne. Svensson spoke exclusively to HM about demand in the higher end of the market and his plans to take luxury to the next level.
A highly respected and experienced leader, Harwood currently serves as SVP, Managing Director for IHG’s Japan, Australasia and Pacific (JAPAC) region, and has led record regional growth since assuming the position six years ago, in January 2018. IHG will share an update on JAPAC succession plans within the upcoming weeks.
The brand has experience rapid growth across key markets globally, with BWH reporting that there are over 450 current properties accounting for 30,000+ rooms within the portfolio. BWH Hotels Australasia Managing Director, Rod Munro, said there is a growing appetite for this affordable accommodation offering.
Hospitality America has been selected by Windsor Aughtry Company to manage the Hotel Avail, Tapestry Collection by Hilton in Rogers, AR. We are delighted to continue growing alongside this hospitality real estate firm with multiple projects in the pipeline.
Localized in Southeast Asia, RevPAR levels are just below 2019 levels by less than 2%, driven by high average daily rates (ADRs) as the market saw a shift in consumers’ willingness to pay for quality both product and experience. Thailand’s well-established and diversified hospitality market also looks attractive.
Nuell will be responsible for driving the financial performance of Marriott’s 46 operating hotels, and a further 20 pipeline properties across the region. “I In 2011, he was awarded Marriott International’s Global General Manager of the Year Award while serving as the General Manager of the Renaissance Phuket Resort and Spa.
The Ascott Limited is expanding its co-living brand Lyf to new markets with the announcement of eight new property signings spanning city and resort locations across Europe and Asia Pacific. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.
Pinnacles current hotel portfolio and its development pipelinewhich includes properties from Marriott, Hilton and IHGwill be integrated into Hotel Equities management platform effective May 1. Hotel Equities has had the vision to invest continuously in cutting-edge technology and management training.
Alongside his position as SVP of Information Technology, E-Commerce and Distribution at Swiss-Belhotel International, Matthew is now heavily involved in corporate management in Indonesia. Within the company I’m doing e-commerce, distribution, marketing and so forth, on top of project development with Edward,” Matthew said.
Hilton’s participation at AHICE APAC will showcase the brand’s roadmap for expansion in Australia, leveraging franchised and managed hotel agreement options. Hilton Garden Inn’s focus on regionalisation aims to cater to diverse guest needs and underscores emerging market prospects within Australia.
“The addition of Crowne Plaza to Geelong would help capture visitation from both corporate and leisure travellers alike and serve as a strong endorsement to the pipeline of growth opportunities we’re currently experiencing throughout metropolitan and regional markets,” said IHG’s Director of Development for Australasia and Pacific, Cameron Burke.
The group’s pipeline of hotels in China includes properties in Tianfu in Chengdu, Hangzhou, and Nanjing. In H1 2024, the group posted a 13% increase in combined total revenues of hotels under management in Asia, the highest of its regions, and RevPAR (revenue per available room) in Asia grew at more than double the rate of other regions.
“The collaboration will accelerate our asset-light expansion in China by leveraging Jin Jiang’s franchise-ready infrastructure, complementing our successful management strategy in the market where we currently operate more than 220 properties in over 40 cities,” said Ascott and CLI Lodging Chief Executive Officer, Kevin Goh.
The appointment comes at a pivotal time in the expansion of the property and lifestyle group expansion with a portfolio of established Saint Haven and Saint Private Clubs and hospitaiity offerings in operation, alongside 10 hotels in the development pipeline. Peter is one of Australias most experienced operators across luxury and hospitality.
IHG promotes Rajit Sukumaran to EAPAC leadership role IHG Hotels and Resorts has announced an expanded role for Rajit Sukumaran as Senior Vice President and Managing Director, East Asia and Pacific (EAPAC) – a newly-created position, overseeing more than 20 countries.
A lot of the target [market] was around project-focused corporate opportunity. It’s a lot of relationship building in the local market. Yes, we have two office conversions in our pipeline, which is exciting. When you look at it from the owner’s perspective, the office market is in a state of transition. It is a mix.
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