This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As the world heads toward the holiday season, hoteliers are preparing for demand as people look to travel over Christmas and New Year’s Eve. Amadeus is seeing a peak in demand over the Christmas and New Year period across major markets around the world.
Speaking exclusively to HM , STR Regional Director Asia Pacific ex China, Matthew Burke, reported a +50% decline in occupancy across South East Queensland and Northern New South Wales. STR anticipates a quicker return to normal trading for Brisbane and Toowoomba, driven by corporate travel and recovery efforts.
One Global Capital Chairman and Group CEO, Iwan Sunito, has introduced a new hotel brand to the market, One Global Resorts, with the official rebranding of his Skye Suites Green Square property on Thursday evening. Thanks to its prime location, the hotel maintains 85-95% occupancy throughout the year. “We
Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%
Growth was elevated due to the Hannukah calendar shift and the compressed business travel period between Thanksgiving and Christmas. Hotel Performance December 15-21, 2024 Percentage change from comparable week in 2023 Occupancy: 48.9 percent (up 11.4 percent) ADR: $135.79 (up […] The post CoStar: December U.S.
Since reopening, Fiji’s tourism sector has seen record volumes of visitor arrivals, in particular from our key source markets of Australia, NZ, North America and China. We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. Register now for AHICE Fiji Islands Investment in Tourism Summit.
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.
Event-Driven Travel: Travelers are increasingly planning trips around specific events, such as sports tournaments, cultural festivals, and concerts. This is especially true in luxury and lifestyle hotels, where research shows that people will actually travel just for a dining experience. in the US, 71.2% in Europe and 65.1%
markets have recovered 99.1 Group bookings are calculated using occupancy and average daily rate (ADR). ARLINGTON, Virginia—Knowland and Amadeus presented the metrics from the companies’ Hospitality Group and Business Performance Index. The third quarter of this year shows the top 25 U.S.
Travel and Leisure Co.’s Under the deal, Travel and Leisure Co. Under the deal, Travel and Leisure Co. There’s alignment for both businesses,” Travel and Leisure Co. And as Gen Z and millennial travellers embrace remote work, many are embracing this type of offering.
We have great confidence in the outlook for Hervey Bay and Sunny Beach Land’s project presents the opportunity we have been waiting for to enter the market,” said Marriott International Vice President Hotel Development Australia, New Zealand and Pacific, Richard Crawford.
“The Chinese holiday travel segment, which makes a significant contribution to the Australian economy, has been slow to shake off the effects of the pandemic,” ATEC Managing Director, Peter Shelley. The post ‘Soft’ Lunar New Year amid slow China recovery, ATEC reports appeared first on Hotel Management.
We’ve just had a 90-day cap [on development approval for short-stay accommodation in the Perth metro area] announced in Western Australia, as well as a AU$10,000 incentive for Airbnb hosts to put their properties back into the long term market for at least a period of 12 months, which is quite incredible.
We organize all of the trending information in your field so you don't have to. Join 19,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content