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CoStar reports occupancy levels of 78.8% Following the markets seasonal pattern, New Years Eve pushed Sydneys daily ADR (AUD854.38) and RevPAR (AUD807.62) to record highs, while occupancy was 94.5% the highest level in the metric in December, CoStar said. for December 2024, up 2.1% and AUD482.35, respectively.
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 General Manager, Quercy Jouannes. “We
Despite cost-of-living pressures, occupancy levels remain high and in demand both from a leisure and business perspective. The post Exclusive: Hilton leans into location with The Tapestry Collection 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.
Hotel housekeeping managers need to deliver exceptional turnkey service for guests who expect fresh and thoroughly cleaned rooms when they arrive to take well-deserved rests after long journeys.
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 General Manager, Stacey McBride. Destination NSW will receive AU$324.5 The budget also includes AU$1.66
Tuan Sing Holdings announced on Monday that the existing management agreement with Hyatt Hotels will be terminated on August 31, 2024, at which point the property will cease to operate as a hotel. This follows the termination of the hotel management agreement between Hyatt and the hotel’s owner, Tuan Sing Holdings Limited.
Skift Take: India's hotel industry has gaps and enough potential to warrant significant growth over the next few years. But whether the players will be able to capitalize is a different question altogether. Bulbul Dhawan Read the Complete Story On Skift
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