Lodging

NOVEMBER 19, 2024

NASHVILLE—STR and Tourism Economics ​downgraded the growth rate in the final U.S. Occupancy for the year was lowered 0.1 hotel forecast revision of 2024. For 2024, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were each downgraded, -0.5 percentage points to +1.5 percent and down 0.6 ppts to +1.4

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Forecasting Average Daily Rate Occupancy Tourism 262

Hotel Management

JUNE 17, 2024

The New South Wales government has vowed to increase support for tourism, nightlife and major events in the state budget, announced on Tuesday, marking a positive outcome for the hotel sector, according to Accommodation Australia NSW General Manager, Stacey McBride. On the tourism and transport front, AU$5.5

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Events Tourism General Manager Accommodation 289

Skift Blog

FEBRUARY 27, 2024

Skift Take: Several factors are driving the demand for hospitality industry in India, especially domestic tourism. ICRA expects this robust demand to lead to strong growth in FY2025. Bulbul Dhawan Read the Complete Story On Skift

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Occupancy Tourism Hospitality Hotels 265

Hotel Management

FEBRUARY 13, 2024

Occupancies are at unparalleled levels over the concert periods, and we have also seen a surge in regional demand as Swifties take the opportunity to travel further. For both the Melbourne and Sydney concerts we’ve seen a bump in hotel occupancy around the event dates, and our restaurants have also seen great reservation numbers.

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Occupancy Tourism Events Accommodation 290

Hotel Management

JANUARY 7, 2024

The Federal and Queensland State government initiative includes discounted airfares and accommodation which is expected to boost business for local tourism operators. The post Government steps in to drive return of tourism to Far North Queensland following Cyclone Jasper appeared first on Hotel Management.

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Tourism Cancellation Accommodation Occupancy 287

Hotel Management

JUNE 18, 2024

Ahead of the inaugural AHICE Fiji Islands Investment in Tourism Summit on July 3-4 , Tourism Fiji CEO, Brent Hill, spoke exclusively to HM about the strong demand for holidays in the South Pacific. Brent Hill, Tourism Fiji Tourism in Fiji is booming! Register now for AHICE Fiji Islands Investment in Tourism Summit.

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Tourism Average Daily Rate Market Marketing 264

Hotel Management

FEBRUARY 27, 2025

Australias hotel sector is on track for a full recovery by the end of 2025, with all major cities recording occupancy growth, according to new CBRE data. National occupancy rates sit at 71%, up 2% year-on-year, while average daily rate (ADR) remains stable at AU$240 and revenue per available room (RevPAR) is up 3.8%

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Average Daily Rate Occupancy Pipeline Tourism 130