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Exclusive: Veriu Group CEO Zed Sanjana on scaling up apartment hotels

Hotel Management

The Veriu Group is making its mark in Australia’s apartment hotel landscape with over 3,000 rooms operating across 21 sites and a further 17 sites in development across both the Veriu Hotels and Suites and Punthill Apartment Hotels brands. This has, in turn, created enormous opportunity for hotel conversion.

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CBRE: U.S. RevPAR, occupancy down in Feb.

Hotel Business

decrease in occupancy, which was driven in part by a 1.3% decrease in occupancy, which was driven in part by a 1.3% Luxury and upper-upscale posted the only positive chain scale performance during the month, up 2.7% decrease in GOP dollars as labor costs from rising wages continued to pressure operating profit.

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Must-Have Software for Hotels: Improve Operations & Guest Experience

STAAH

The right software is a game-changer for hotel success, shaping everything from operational efficiency to guest satisfaction. Property Management System (PMS) A Property Management System (PMS) is the heart of hotel operations, handling everything from reservations and check-ins to billing and room assignments.

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‘End of an era’: Hyatt Regency Perth to close next month as owner eyes new hospitality direction

Hotel Management

Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction. For the month of May, Perth hotels had an occupancy rate of 77.3%, the highest of all Australia’s capital cities.

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Reducing Operating Costs in Hotels Using Cloud PMS

Inn Quest

In the hospitality industry, reducing operating costs in hotels using cloud PMS should always be a top priority. A cloud-based PMS is a software solution enabling hotels to manage their daily operations, all from a centralized system that can be accessed anywhere and anytime.

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

There is tremendous potential for us to further scale Lyf across more hospitality asset classes, whether as a full-service hotel or resort, especially with the growth pace we have seen over the year. New locations Lyf is currently present in 21 cities globally, with over 5,500 units both operating and in the pipeline.

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New Zealand hotel investment set to ‘bounce back strongly’ as offshore interest grows, JLL reports

Hotel Management

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. Rotorua’s hotel occupancy rate showed the most improvement, up 39% compared to 2022, slightly ahead of Queenstown, which was up 38%, and higher again than Auckland, which has had a 33% lift.

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