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Adele has Sydney Hotels Singing in Tune

by Vera Lye, Contributing Editor, APAC |

Seven trending hotel news stories that will impact your hotel Revenue Strategy.

1. STR: Adele lifts Sydney hotels to best numbers since 1996

STR’s preliminary March 2017 data for Sydney indicates significant demand and occupancy levels. The absolute occupancy level would be the highest for a March in Sydney since 1996. STR analysts note that performance levels received a boost from the Adele Live 2017 Australian Tour (10-11 March). Occupancy reached 95.2% and 98.1% on the two days, respectively. ADR was AUD260.67 ($195.97) on 10 March and AUD288.91 ($217.17) on 11 March.

Full story at Hotel News Now.

2. Trends that matter in hospitality

A summary of trends in hospitality shared by Phocuswright during the recently staged WIT Hospitality conference in Hong Kong. Some top trends include room revenue on the rise, growing faster than the market as a whole, not to mention how capacity keeps rising due to the rise of private accommodation; online is soaring, especially in Asia – and contrary to what you think, it’s not JUST because of mobile; the online battle between hotels and OTAs continues to rage; private accommodation makes impact on the hospitality space; hotels fight back through innovation.

Full story at Web in Travel.

@Adele has Sydney hotels singing in tune + 7 trending #APAC #revenuestrategy stories Click To Tweet

3. Chinese continue spending spree

2016 results on expenditure from major outbound markets reflect increasing demand for international tourism across the world, as reported in the latest UNWTO World Tourism Barometer. With a 12% increase in spending, China continued to lead international outbound tourism, followed by the United States, Germany, the United Kingdom and France as top five spenders.

Full story at Hospitality Net.

4. Top takeaways from second WIT event 

The Asia Pacific hospitality industry huddled together in a ballroom in Hong Kong to discuss top trends and issues the industry is facing today. Read a roundup of the critical takeaways that are key to keeping relevant in today’s environment – from distribution to marketing to building a menu of ancillary offerings.

Full story at Web in Travel.

5. Hilton grows by six in Sri Lanka

Hilton Hotels signed six management agreements in an agreement with Sri Lanka-based Melwa Hotels & Resorts. The deal comprises management agreements for three Hilton Hotels & Resorts and three DoubleTree by Hilton assets and all six properties will open by 2021.

Full story at Hotel News Now.

6. Starwood ties up with China developer, making big moves in China

Shimao Property Holdings Limited, a leading Chinese property developer and operator, and Starwood Capital Group have a new hotel joint venture based in China. Under the terms of the agreement, the venture will be owned 51% by Shimao and 49% by Starwood Capital Group.

Full story at Hotel News Now.

7. Ascott opens its first in Jeju

CapitaLand’s wholly owned serviced residence business unit, The Ascott Limited is opening Somerset Jeju Shinhwa World, its first property on Jeju Island on 25 April 2017. Somerset Jeju Shinhwa World marks Ascott’s fourth property in South Korea, expanding its network beyond Seoul and Busan. The new property entrenches Ascott’s position as the largest international serviced residence owner-operator in Korea.

Full story at Hospitality Net.

Stay up on hotel Revenue Strategy news and discuss industry tech trends in the Hotel Revenue Strategy Leaders Group on LinkedIn.

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Vera Lye, Contributing Editor, APAC

Vera Lye, Contributing Editor, APAC

Contributing Editor, APAC at Duetto
Vera has been a travel trade journalist in Asia/Pacific for two decades, working in most of the major trade publications. She is now based in Sydney where she juggles her writing with managing her young son’s development as an aspiring tennis professional.
Vera Lye, Contributing Editor, APAC
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Vera Lye, Contributing Editor, APAC

Vera has been a travel trade journalist in Asia/Pacific for two decades, working in most of the major trade publications. She is now based in Sydney where she juggles her writing with managing her young son’s development as an aspiring tennis professional.