An uplift in occupancy levels on the Sunshine Coast and Gold Coast is driving a resurgence in Queensland hotel performances for Australia’s largest hotel group.
Recent expense rise presents threat to hotel profit
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound.
U.S. hotel results for week ending 19 March
Lifted by Spring break travel, U.S. hotel performance rose from the previous week and showed improved comparisons against 2019.
U.S. Spring Break destinations continue dominance with peak still to come
At the same time, major urban centers are seeing some return of transient business demand along with increases in group bookings.
Canada hotel performance rose in February amid loosened restrictions
Canada’s hotel industry reported higher performance from the month prior, along with better-indexed comparisons with 2019
U.S. hotel results for week ending 12 March
Overall U.S. hotel performance increased from the previous week.
Riyadh hotels showed steady performance in February
Riyadh’s hotel industry reported steady performance levels compared with recent months.
London hotel performance improved in February
London’s hotel industry reported month-over-month performance improvement.
Sydney hotel occupancy stable in February amid COVID concerns
Sydney’s hotel industry reported a marginal occupancy increase from the prior month, but lower rates.
U.S. hotel results for week ending 5 March
U.S. hotel performance decreased from the previous week.
