Surging inbound tourism will help boost Australia’s hotel occupancy levels this year and next while spurring room rate growth in most markets, particularly Sydney and Brisbane, according to new CBRE forecasts.
Melbourne hotel occupancy reached 36-month high in March
Melbourne’s hotel occupancy was its highest for any month since February 2020, according to preliminary March data from STR.
How to manage seasonal fluctuations in hotel occupancy
Here is a deep dive into the factors that contribute to challenging seasonal fluctuations and practical tips for overcoming them.
Canada hotel occupancy eclipsed pre-pandemic comparable in July
Canada’s hotel occupancy each month came in higher than in 2019 comparable for the first time in the pandemic era,
Berlin hotel occupancy pulled closer to pre-pandemic comparable in July
Berlin’s hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR.
U.S. hotel results for week ending 16 July
After two consecutive weeks of lower demand around the Fourth of July holiday, U.S. hotel performance bounced back from the previous week.
U.S. Hotel Performance for June 2022
The U.S. hotel industry reported its highest monthly room rates on record.
Riyadh hotels reported higher occupancy in June
Riyadh’s hotel industry reported higher occupancy than the month prior, but lower room rates.
U.S. hotel results for week ending 9 July
As expected on the negative side of a holiday calendar shift, U.S. hotel performance came in lower than the previous week.
London hotels post record-breaking room rates
London’s hotel industry reported its highest monthly room rates on record.
