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Victoria’s tourism budget cuts ‘send the wrong message’ to hotel investors, AA says

Hotel Management

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. Budget reductions on this scale, with just $15.5m AA said that Visit Victoria typically receives AU$32.5

Tourism 264
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Exclusive: TFE signs five New Zealand properties with Heritage Hotels

Hotel Management

TFE Hotels is an owner, manager and developer and we see their impressive presence in multiple markets – which includes more than 50 properties in Australia, a strong pipeline of properties and ties to Singapore and Europe – as complementary to our vision for the future,” said Heritage Hotels’ Managing Director, Jeffrey Tang.

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Exclusive: Radisson development boss Ramzy Fenianos talks SEAP growth strategy

Hotel Management

Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. What SEAP markets are a key focus for Radisson Hotel Group and why? We’ve also added local language capabilities and local management offices to better serve our owners in each market.

Pipeline 264
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Hospitality Market Update | July 2024

Hospitality Net

A midyear snapshot of performance in the top 65 markets in the US indicates that on a trailing 12-month basis through May, RevPAR is up slightly year over year (due to slight increases in both occupancy and ADR) and this is largely driven by increases in the top three chain scales: luxury, upscale and upper upscale.

Market 100
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STR: U.S. hotel pipeline shows confidence in business travel

Hotel Business

development pipeline. hotel pipeline March 2023 (percentage change in comparison with March 2022): In construction: 154,284 rooms (-0.5%) Final planning: 239,995 rooms (+34.6%) Planning: 232,517 rooms (-21.6%) After three consecutive month-over-month increases, the overall number of U.S. of the segment’s existing supply. ” U.S.

Pipeline 107
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Financial Advisor Marketing Strategies — The Key to Scaling

MediaBoom

using effective financial advisor marketing strategies is crucial to set your business apart. Knowing how to strategize and market your brand will give you an edge over your competition and boost business. But how do these marketing strategies ensure business development in such a saturated space?

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An overview of hotel development in select convention center markets

Hotel Business

With an astounding 60% of its new hotel construction projects under construction, the most of any convention center market, New York City leads with 46 projects under construction. Through Q3 2023, New York also has the most new construction starts of any market in the U.S.

Market 122