Hotel Management

OCTOBER 29, 2024

Recent data from CoStar shows Auckland experiencing the highest occupancy levels of the three cities, peaking at 84.1% The second highest occupancy on the books (79.1%, +25.5% With the tour already pushing the market’s daily occupancy over the 80% mark, this will be the first time Auckland will see levels this high since July.”

Occupancy 162

Occupancy Average Length of Stay Accommodation Events 162

Hotel Management

FEBRUARY 15, 2024

Lunar New Year has failed to lure high numbers of visitors from China to Australia with the Australian Tourism Export Council (ATEC) reporting a slower than expected recovery. The ATEC said it is urging government to invest in the Approved Destination Status program to help Australia compete in the global marketplace.

Travel 264

Travel Tourism Revenue Operations 264

Hotel Management

JUNE 29, 2023

CBRE’s market analysis found that boutique properties have outperformed ‘big box’ international hotels on occupancy levels, Average Daily Rate (ADR) and Revenue Per Available Room (RevPar) since the onset of the pandemic in 2020.

Average Daily Rate 246

Average Daily Rate Occupancy Hotels Travel 246

Hotel Management

FEBRUARY 20, 2024

In short, they largely do, which could spell another strong year for Southeast Asia’s hotel industry from both an occupancy and investment point of view. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.

Real Estate 245

Real Estate Average Daily Rate Occupancy Marketing 245

Hotel Management

APRIL 6, 2023

Barry Robinson, President and Managing Director International Operations, Wyndham Destinations Travel and Leisure Co. Our international region consists of some 71,000 vacation club members, approximately 75 resorts and operations across 13 countries.

Travel 246

Travel Operations Resorts Occupancy 246

Hotel Management

MARCH 14, 2024

The hotel giant has signed a Memorandum of Understanding (MOU) with developer Sunny Beach Land confirming its intention to operate the proposed Hervey Bay Esplanade Resort. In Marriott’s case, we focus our distribution on our 200 million Marriott Bonvoy loyalty members, who represent 50 per cent of night occupancy at our hotels.

Resorts 264

Resorts Intent Occupancy Accommodation 264

Hotel Management

JULY 3, 2024

A bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors were at the Sofitel Fiji Resort and Spa this week (Jul 3-4) for the 2024 AHICE Fiji Islands Investment in Tourism Summit , where record performance numbers were the talk of the major conference. Tourism in Fiji is booming,” he said.

Tourism 113

Tourism Average Daily Rate Resorts Marketing 113

Lodging

JUNE 5, 2023

NEW YORK—STR and Tourism Economics upgraded the 2023 U.S. While top-line performance advances, growing operating expenses are projected to limit profit growth over the remainder of the year. The occupancy projection for this year was lowered 0.2 percent and 1.3

Forecasting 147

Forecasting Average Daily Rate Occupancy Tourism 147

Hotel Management

AUGUST 15, 2024

With a focus on hotel and resort operations and investment, AHICE provides a platform for industry leaders to connect, learn, and collaborate. AHICE Far East Asia will unite leaders from the hotel, aviation, and tourism sectors, fostering collaboration and knowledge exchange in this rapidly expanding market.

Tourism 130

Tourism Hospitality Average Daily Rate Events 130

STAAH

AUGUST 22, 2023

With a little creativity and lots of data and insights, low occupancy periods can be more efficiently managed Low occupancy is largely driven by seasonality with off-peak times being marked by fewer bookings and even lower forward bookings. To conclude Optimising revenue during low occupancy doesn’t have to be difficult.

Occupancy 80

Occupancy Forecasting OTA Revenue 80

Hotel Management

SEPTEMBER 5, 2024

The operator recorded an increase of 1.5 occupancy points to 70.7% occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0 occupancy points as a result of increased leisure demand and group business. occupancy points, and the Cairns Area showing the strongest YTD growth up 7.0

Occupancy 130

Occupancy Tourism Travel Events 130

Hotel Management

MARCH 14, 2024

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.

Occupancy 130

Occupancy Events Hotels Tourism 130

Hotel Management

MARCH 25, 2024

The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5

Tourism 130

Tourism Occupancy Resorts Branding 130

Hotel Management

MARCH 25, 2024

The boutique PR consultancy will specialise in the travel, tourism and hospitality industry, bringing over 20 years of top-level experience to her clients. The media coverage directly boosted inquiries, hotel occupancy, and revenue, in Australia’s most competitive hotel market. Following a successful 2.5

Tourism 130

Tourism Occupancy Resorts Branding 130

Hotel Management

OCTOBER 24, 2023

“Since hotels differ from other commercial real estate assets, with many continuing to enjoy strong income growth amidst resurgent tourism markets, transaction volumes are expected to reach $2.5 Brisbane – the only market in Australia where occupancies are trending higher than 2019 – is another top performer. billion by end of year.”

Average Daily Rate 130

Average Daily Rate Real Estate Occupancy Accommodation 130

Hotel Management

SEPTEMBER 26, 2024

The presentation showed New Zealand’s tourism industry is grappling with a stalled recovery in 2024 with RevPAR YTD August -3.8%, primarily due to a combination of increased supply (+2.7%) and softening demand (+1.4%). All tourism segments will need to surpass pre-pandemic levels to absorb the increased supply in the market.

Tourism 147

Tourism Hotels Occupancy Events 147

Little Hotelier

SEPTEMBER 4, 2024

Domestic tourism definition Domestic tourism’s definition is much the same as domestic travel, except it takes into account only those who are travelling for leisure. Domestic tourism example An example of domestic tourism might be an American family travelling from another state to visit California and stay at Disneyland.

Tourism 98

Tourism Travel Business Marketing 98

Hotel Management

SEPTEMBER 26, 2024

Inflation, cash rate uncertainty and the housing crisis haven’t changed the fundamental drivers of one of strongest tourism markets in the country. Tourism Research Australia (TRA) data shows Queensland is second only to NSW by consumption and has enjoyed one of the strongest post-Covid rebounds in the country.

Real Estate 130

Real Estate Accommodation Tourism Retail 130

Hotel Management

SEPTEMBER 24, 2024

AHICE Group President James Wilkinson said the conference will focus on building positive growth in the sector, from improving occupancy and ADR to driving food and beverage revenue. We have our largest number of Australian attendees yet, plus also delegates from England, Singapore, Fiji, Thailand and more flying to Aotearoa for AHICE.

Events 147

Events Hotels Target Marketing Accommodation 147

Hotel Business

JANUARY 25, 2024

International travel plays a crucial role in urban hotel demand, with a strong correlation between inbound foreign arrivals and urban hotel occupancy. Cities that focus on intentional tourism and leverage technology will garner long-term investor interest, with foreign capital likely to be the most acquisitive in 2024.

Consumer 126

Consumer Real Estate Tourism Hotels 126

Hotel Management

APRIL 6, 2023

A year on from opening in April 2022, boutique Queenstown hotel The Carlin is celebrating increasing occupancy amid a strengthening luxury tourism market locally.

Dining 130

Dining Hotels Construction Occupancy 130

Hotel Management

AUGUST 8, 2024

First launched in September 2019, Crossroads Maldives is one of the most pivotal projects in the history of the Maldivian tourism industry. Just four months after its initial soft-opening, SO/ Maldives reached an occupancy of almost 60% in February, and expected average daily rates (ADR) in the region of US$750-$850 for 2024.

Resorts 130

Resorts Average Daily Rate Retail Forecasting 130

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

Operations 59

Operations Management OTA Hotels 59

SiteMinder

FEBRUARY 14, 2024

What are tourism trends? Tourism trends reflect evolving patterns and preferences in travel, influenced by factors such as technological advancements, socio-economic shifts, and changing consumer behaviours. Table of contents Why keep up with new trends in tourism?

Tourism 59

Tourism Marketing Market Travel 59

STAAH

DECEMBER 18, 2023

Clearly, the tourism and hospitality industry saw some positive growth. It plays a key role in the overall success of a hotel’s operations. Read full blog 6 Hotel Sales Strategies To Increase Occupancy and Revenue A hotel sales strategy is a plan of action designed to increase hotel revenue and bookings. Read full blog

Hospitality 89

Hospitality Occupancy Target Marketing Hotel Sales 89

Hotel Management

OCTOBER 3, 2023

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.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Management

JULY 11, 2024

It’s this experience and passion that played a key role in enhancing our guest sentiment scores and improving our online ranking in that all-important first year of operations. Can you share any figures around occupancy levels and ADR? Throughout the year, our average Saturday occupancy has sat around 85%.

Hotels 147

Hotels Events Occupancy Branding 147

eZee Absolute

AUGUST 22, 2023

As hoteliers, you constantly explore avenues to enhance guest experiences , streamline operations, and enrich your property’s standing. Whether you’re operating a boutique inn nestled in a town or a luxurious resort overlooking pristine beaches. MICE holds transformative potential for your establishment. Wondering how?

Tourism 52

Tourism Hospitality Events Occupancy 52

SiteMinder

JANUARY 8, 2024

Hotel management is the practice of overseeing every operation of the business to ensure consistent growth and development. Learn more Different parts of hospitality management operations Hospitality is an umbrella term to many industries. Operations management in the hospitality industry is a broad term.

Operations 52

Operations Management OTA Hotels 52

Boutique Hotel News

MAY 4, 2023

UK: The UK’s travel and tourism sector is expected to see a boost of more than £200 million as a result of King Charles III’s Coronation weekend [6-8 May] and fortnight around those dates, as consumers travel across the country to celebrate with friends and millions across the UK make the journey to London to catch a glimpse of the historic event.

Tourism 52

Tourism Consumer Average Daily Rate Occupancy 52

Hotel Management

MAY 10, 2023

South Australian Minister for Tourism and Multicultural Affairs, Zoe Bettison Following the emotive Welcome to Country ceremony, emcee Jess Adamson introduced South Australian Minister for Tourism and Multicultural Affairs, Zoe Bettison, enthusiastically talked up the impressive growth of her state. You need to fix that.”

Tourism 130

Tourism Hotels Construction Real Estate 130

Hotel Management

OCTOBER 9, 2023

This will mean both front blocks will be in operation with unobstructed views, with all construction works occurring behind them. Yes, the event was sensational for New Zealand’s hospitality and tourism industries, with Oaks observing high occupancy from a range of domestic and international guests.

Events 130

Events Construction Accommodation Tourism 130

Cloudbeds

DECEMBER 2, 2024

Understanding future demand trends, their causes, and the guest segments driving them can help hotel revenue managers adjust room rates to boost occupancy and sales. A paper published in Tourism Management highlighted just how much valuable insight lies within hotel data. The study analyzed booking data of U.S.

Forecasting 75

Forecasting Occupancy Revenue Management Revenue 75

eZee Absolute

OCTOBER 16, 2023

Challenges Faced by the Property Operating in a traditional manner, Beach Street Eco Resort & Spa faced its fair share of obstacles that hindered growth as well as guest experience. This not only made day-to-day operations more complicated and time-consuming but also restricted the resort’s capacity to expand its business.

Resorts 52

Resorts Tourism Fair Share Operations 52

Little Hotelier

OCTOBER 17, 2024

Hotel accounting is a system designed to track and manage a hotel’s finances – income, expenses and financial performance – to ensure profitability, compliance and operational efficiency. It breaks down cash flows into operations, investments and financing activities, which can help to assess liquidity and financial health.

Average Daily Rate 93

Average Daily Rate Revenue Hotels Occupancy 93

Cloudbeds

OCTOBER 9, 2024

Hotel forecasting is a critical component of successful hotel management, serving as the foundation for strategic decision-making and operational efficiency. Operational efficiency Operational forecasts help hoteliers optimize efficiency by providing insights into anticipated demand levels.

Forecasting 59

Forecasting Hospitality Occupancy Revenue Management 59

Hotelogix

NOVEMBER 3, 2023

With almost 10 percent of the world’s total gross domestic product (GDP) and employing over 255 million people, it is no surprise that the travel and tourism industry is one of the most important sectors to drive employment. Effective communication not only helps to relay information for smooth operations but also builds a culture.

Revenue 93

Revenue Hospitality Services Tourism 93