The Australian hotel industry has rebounded strongly from the global financial crisis having recorded one of the highest percentages of occupancy globally and one of the largest percentage increases in revenue per available room (revPAR) for the year to May 2010, according to Deloitte.
Consumers are changing the way they book holidays according to Great Hotels Organisation, the London-based hotel sales and marketing alliance. Travelers are shifting away from last minute hotel bookings in preference of longer advance-booking lead-times.
Last year was one of the toughest on record for luxury hospitality. But now the sector is well on the road to recovery with a raft of new openings, plus some ground-breaking developments in the pipeline. Breaking Travel News picks the best of the new crop.
Hotel News Resource OpenWays Presents its iPhone Application to Bypass Front Desks and Open Room Locks
The International Hotel Investment Forum (IHIF) is pleased to announce a new and exciting session scheduled for Tuesday, March 9, called “Where Are The New Investment Hot Spots.” A distinguished panel will focus on the economic outlook, analysis and presentation of some of the world’s most undersupplied and fastest-growing hotel markets.
The overall picture emerging from the Hogg Robinson Group (HRG) 2009 Hotel Survey shows room rates falling by between 3-4% on average between 2008 and 2009, a graphic indication of the worst year for the global economy since 1946. World GDP fell in 2009 for the first time since demilitarization after the Second World War. However, the survey also illustrates the different pace of recovery across economies and highlights long term global economic trends that have been accelerated by the global recession - with the economic ‘balance of power’ shifting from West to East.
PhoCusWright Hotel industry performance is often predictable yet somehow still catches us by surprise. Like any other economy, the sector relies on a balance of supply and demand-do not let the flat panel TVs and fantastic beds fool you. Hotel performance is significantly tied to the overall economy as well as the industry’s own cyclical trends. Recovery is a vague concept but one that is easy to evaluate. Here is the PhoCusWright Financial Edition’s outlook for the hotel industry.
Results collected from the Novotel Survey of guests in-hotel behavior, as sited from the eyes of staff, found that while the majority of hotel guests are much more eco friendly and more likely to leave rooms tidier, when compared to the last survey taken ten years ago, many still end up naked in hallways and leave unusual items behind.
Hotels.com, the leading accommodation site, has encouraged travellers to shop around when booking their Christmas city breaks to secure a top end hotel for a mid end price.
Global hotel occupancy levels and revenues remained subdued for October. Both the US and Asia/Pacific posted falls in all three key performance indicators for October, according to a report by STR Global.