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Accor’s Queensland hotels see Easter bookings spike

Hotel Management

Accor is Australias largest hotel operator with more than 350 hotels, resorts and apartments nationally and over 100 in Queensland. Victorian hotels are also high on the popularity scale, with 39% growth year-on-year. Across Australia, we continue to see the incredible impact of major events in driving leisure travel.

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Exclusive: Tourism Fiji CEO Brent Hill talks record results in a thriving market

Hotel Management

We have also seen incredible growth in yield (Average Daily Rate and RevPAR) and occupancy. 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. Now is definitely the right time for investment in Fiji.

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Ascott broadens Lyf experience with eight new signings globally

Hotel Management

The Ascott Limited is expanding its co-living brand Lyf to new markets with the announcement of eight new property signings spanning city and resort locations across Europe and Asia Pacific. Lyf – based on the concept of ‘live your freedom’ – targets next-generation travellers including digital nomads, tech start-ups and creatives.

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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% Resorts were the only location type to register RevPAR gains in February. Resorts outperformed all other location types, posting the only gain, up 0.9% RevPAR, occupancy down in Feb. drop in demand.

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WA on the up, Accor Pacific CEO Sarah Derry reports

Hotel Management

Accor has reported strong recovery in its Western Australian hotels with occupancies of 68% year-to-date (YTD), marking a 7.5% Speaking to media in Perth last week, Accor Pacific CEO, Sarah Derry, said Perth was Accor’s second-best performing city in Australia (just behind Sydney), with 71% average occupancy YTD, 11.6%

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The Summer Travel Rally for Hotels Failed to Materialize & CBRE U.S. Hotels State of the Union November 2024 Edition

Hotel News Resource

and occupancy declined 0.8%, resulting in a 0.2% Business centric chain scales and location types outperformed, while leisure and resort locations underperformed. Q3 performance trends were weaker than expected. ADR continued to lag inflation at 0.6% decline in RevPAR.

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CBRE: RevPAR growth to recover in 2024

Hotel Business

RevPAR growth next year, driven by a 40 basis-point (bps) occupancy improvement and a 2.3% inbound international travelers will boost occupancy and pricing power back toward their historical trend lines.” ” The best-performing lodging location type in Q3 2023 was urban, where occupancy improved 110 bps to 70.3%.