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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.
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.
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.
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.
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%
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.
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%.
Dallas, USA – Brittain Resorts & Hotels (BRH), a leading full-service hospitality management company, has adopted SiteMinder, the name behind the only software platform that unlocks the full revenue potential of hotels, as part of its newly-announced business intelligence technology matrix.
As we enter 2025, we will continue to realize the earnings growth from our past investments, meaningfully expand the scale of our business and accelerate our growth in the coming years.” and occupancy levels increased by 80 basis points for fourth-quarter 2024, compared to the same period of 2023. Repurchased 3.1
As Director of Distribution and Systems, Ben Salter will apply his 30+ years of industry experience managing revenue, sales and distribution teams at Accor and Stamford Hotels and Resorts. Josie Hungerford At Trilogy, she will drive portfolio growth strategy and large-scale corporate projects.
InterContinental Hotels Group (IHG Hotels & Resorts) reported global RevPAR increased 3% for full-year 2024 vs. 2023, with a year-over-year increase of 4.6% year-over-year (YOY) for FY2024, occupancy up 0.6 for the fourth quarter. RevPAR for the Americas was up 2.5% for the year (up 4.6% in Q4), with U.S. RevPAR up 1.7%
vs 2019; occupancy +4.1%pts YOY On track to have returned $1B to shareholders in 2023 through share buybacks and dividend payments “Travel demand remained very healthy during the quarter, and I would like to thank all our teams for supporting another strong trading period,” said Elie Maalouf, CEO, IHG Hotels & Resorts. YOY, +3.1%
Other highlights include: Americas FY RevPAR up 7% YoY (Q4 +1.5%), EMEAA +23.7% (Q4 +7%) and Greater China +71.7% (Q4 +72%), reflecting the differing levels of travel restrictions that were still in place in 2022 ADR up 5% vs 2022, +13% vs 2019; occupancy up 6 pts. vs 2022, 1 pt. rooms (275 hotels), +16% YoY (ex. YoY Q4 opened 19.2K
“Global RevPAR in the first quarter of 2024 continued to grow, up 2.6%, reflecting the strength of our globally diverse footprint,” said Elie Maalouf, CEO, IHG Hotels & Resorts. Occupancy was 63.1%, down 1.1 YOY, with occupancy up 2.7 YOY, with occupancy up 0.7 year-over-year (YOY) and up 0.7% YOY, with U.S.
With a focus on hotel and resort operations and investment, AHICE provides a platform for industry leaders to connect, learn, and collaborate. “The launch of AHICE Far East Asia marks a significant milestone for the Japanese hotel industry,” said James Wilkinson, AHICE Group President.
Advance Purchase : This discount type allows you to scale the discount based on the number of days a booking is made in advance. Multi Nights : With this discount type, you can scale the discount based on the number of nights a guest plans to stay. It encourages longer stays and increases the average booking value.
hotel occupancy on track to reach 63.8% The following are additional key findings of the study: High scores for hotel staff linked to low problem incidence: Overall satisfaction with hotel staff is 701 (on a 1,000-point scale), making it the single highest-scoring factor in this year’s study. With average U.S. According to the J.D.
2022 has been a successful one for the hospitality industry, with hotel room occupancy surging near the record-high 2019 levels. In 2021, the segment outperformed all other chain scales, with occupancy running nearly 20 points higher than all other U.S. By Shilpan Patel. billion, which surpasses 2019 revenue. segments combined.
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. Now is definitely the right time for investment in Fiji.
Whether you’re an independent hotel owner looking to scale or a medium-sized chain operator exploring franchising, this guide will help you understand the key benefits, costs, and opportunities in hotel franchising. Performance metrics : Discuss realistic goals for revenue and occupancy. What is the purpose of hotel franchising?
During Intercontinental Hotels Group ‘s (IHG) first-half results presentation, Elie Maalouf, CEO, IHG Hotels & Resorts , revealed that the company will soon launch a new brand targeted at midscale conversion opportunities. For the first half of the year, ended June 30, IHG reported a 24% year-over-year RevPAR increase.
Applying her unique style across a range of building typologies, geographies and scales she re-engages in an approach that carefully addresses each project from an in-depth consideration of the detail to the overall massing strategy. Past projects have included the Natural History Museums Earth Sciences Centre.
compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 12.2% compared to the same period in 2022 due to increases in both occupancy and ADR, and management and franchise fee revenues increased 16.7% for the fourth quarter and $4.33 For the year ended Dec.
UK: QHotels Collection, a portfolio of hotels and resorts across the UK , has published its sustainability policy which will be rolled out nationwide. Phillip Gardner, commercial director at The QHotels Collection , said: “We understand the scale of our operations and the environmental impact that comes with it.
Together, the two industry leaders will deliver an unparalleled solution in efficiency, scale, and accuracy to help hoteliers of all property types maximize profitability – while offering enhanced benefits to multi-property operators. Together, were making enterprise-grade technology accessible to all.
Large-scale sporting events such as France’s Rugby World Cup substantially impacted hotel occupancies. Throughout it all, we’ve kept pace with the evolutions of an industry where hotel occupancies outperformed 2022 , group business in the top 25 U.S. markets has already recovered by 99.1% markets has already recovered by 99.1%
For the past few years, the hotel industry has enjoyed strong market fundamentals driven by solid ADR and occupancy rates, creating a positive investment environment. By chain scale, upper midscale and upscale accounted for three per cent and 19 per cent of rooms in the national pipeline, respectively.
Worldwide ADR was up 8% vs. 2019, while occupancy was down 7 percentage points vs. 2019. “In In 2022, we saw demand return strongly in most of our markets, pushing group RevPAR back close to 2019 levels and fee margin ahead,” said Keith Barr, IHG Hotels & Resorts. for full-year 2022 vs. 2019. YOY Fee margin of 56.2%, +6.6%
Moderated by Glenn Haussman, founder/host, No Vacancy Live podcast, the panelists included Jeff Porterfield, SVP, client services/chief customer officer, Entegra; Natasha Scott, VP, operations performance and strategy, IHG Hotels & Resorts; Bryan P. Scott kicked it off with some opportunities she’s seeing for 2024 and for guests.
Hotel statistics may include occupancy rates, revenue figures, guest statistics, cancellation rates, booking channel statistics and more. Hotel occupancy will increase 2.5% Average US occupancy rate is just under 65%. Luxury properties are normally split into a few main categories; Business, Airport, Holiday, Resorts & Spas.
With this data in mind, hoteliers and DMOs can begin to scale up their sustainability strategy by solidifying their own plans to target carbon and greenhouse gas (GHG) emissions and by considering key target demographics when advertising on GDS platforms and on other direct channels.
Whether you’re operating a boutique inn nestled in a town or a luxurious resort overlooking pristine beaches. Driving Occupancy and Revenue One of the most immediate and noticeable impacts of MICE on the hotel industry is occupancy rates and revenue generation. MICE holds transformative potential for your establishment.
As a result, many of these events aren’t happening at hotels, but rather at resorts, convention centers, and even outdoor spaces created specifically for events (i.e. Resorts, golf courses, and similar venues should offer buyouts in shoulder seasons to accommodate these events and drive revenue. city-block pop-ups). Click To Tweet.
When asked to rate their top business objectives that are driving technology investment, 41% of hoteliers cited their desire to increase occupancy. Survey respondents also said data fragmentation (33%), data efficiency (32%), and data integrity (30%) are among the biggest challenges faced in business intelligence today.
The direct outcomes of engaging a hotel consulting firm vary based on the assignment, however most outcomes also affect business growth, revenue, and occupancy. Given a clear goal, the expectation is for them to deliver against that goal and, in the process, likely grow key performance indicators, such as occupancy or revenue.
I am listing below the prime OTAs in the hotel industry that can promote your hotel on a larger scale to drive maximum bookings. It connects a wide spectrum of accommodations; from apartments, vacation homes, and family-run B&Bs to 5-star luxury resorts, tree houses, and even igloos. Here goes the list: 1. Booking.com.
Occupancy is up. I would say that over the 12-month period, our occupancy has been up 1.3 The only areas that we’re seeing some difficulty is in our resort properties where climate change is impacting the occupancy and the business levels there. How has this impacted ADR and occupancy? Bob Singh: A great year.
Whether a boutique bed and breakfast or a 500+ room resort, every hotel benefits from easy-to-use booking software. This decreases your overall number of third-party bookings and your reliance on OTAs to drive occupancy. This allows you to optimize rates and sell relevant deals to boost revenue and occupancy.
Exactly how much one will cost depends on the proposed scale of your hotel project, the size of the local market, the amount of data and analysis required, and how highly regarded and experienced your consultant is. However, you should approach the exercise knowing that its an investment.
In the meantime, a dedicated eCommerce platform for hotels and resorts, LiBi, launched earlier this year. According to Matterport , JLL was able to transact 85 per cent faster using digital twin technology, and hospitality properties with a digital twin can increase occupancy by 14 per cent.
It’s a full scale business that keeps Markus busy, however he still relishes the chance to get away from the desk, keeping an adventurous spirit and a passion for travel alive. “I Hoteliers should always resort to external help when there is a lack of the two factors – expertise and/or time,” he explained. EUR in one month.
Occupancy growth has reverted back to ‘normal’ growth levels, and the Middle East and Asia (excluding China) reported strong YOY growth YTD. At the other end of the scale, the leaner model of the rooms-led economy segment, with little-to-no staffed F&B operation, has become more attractive for its operating model. and San Jose. “We
It deals in both large and small scale cases, also helping on the consumer level to give people the tools to detect and prevent scams and fraud. Additional occupancy charge : Guests who bring additional adults to stay in their room will be charged an additional person fee by many hotels.
Their combined years of experience in the industry, ranging from Husner’s 13-year stint at Condo-World Resort Properties to Holcombe’s spells at Expedia Group and BookingPal, enable the pair to discern the story, idea, strategy or decision that led to their guests’ [male or female] ‘A-HA’ moment through lively anecdotes and conversations.
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