Saturday, June 23, 2018

Tag Archives: Australia

AccorHotels to acquire loyalty market firm John Paul

AccorHotels has announced it has begun exclusive negotiations for the acquisition of John Paul, a leading player in premium customer and employee loyalty services. The company’s Enterprise Value should be close to $150 million i.e. a 2017e EV/EBITDA multiple of c. 11X. Accorhotels should acquire about 80% of John Paul, the remaining stake being kept by David Amsellem, the founder …

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Hamilton Island occupancy rate hits record high

For its end of financial year 2016 market update, Hamilton Island announced it has achieved the highest hotel occupancy levels on record of 93.2%, representing an 8% increase on the previous year’s record-breaking figure. Hamilton Island’s CEO, Glenn Bourke, said it was pleasing to see the Island continuing to achieve incredibly strong occupancy results year after year, with the Island …

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Mixed hotel performance for APAC in Q2 2016

Hotels in the Asia Pacific region recorded mixed Q2 2016 results when reported in US dollar constant currency, according to data from STR. Compared with the three key performance metrics from Q2 2015, the Asia Pacific region reported a 1.3% increase in occupancy to 68.3%. Average daily rate was down 1.1% to US$96.95. Revenue per available room was nearly flat …

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Star Ratings Australia appoints Sarah McCully as general manager

Ms McCully will lead the independent accommodation rating provider, taking over her duties as general manager at Star Ratings with immediate effect. McCully, who was previously general manager – park acquisition and support services at BIG4 Holiday Parks, brings 20 years’ experience to Star Ratings and will focus on reinforcing the value of Star Ratings to both accommodation providers and …

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Pre-retirees cashing in on booming sharing economy

Baby boomers are leaping on the sharing economy bandwagon and taking advantage of new opportunities to boost their wealth and pre-retirement income, according to the latest RateSetter Sharing Economy Trust Index. The RateSetter Sharing Economy Trust Index is a bi-annual report that measures the attitudes and behaviour of Australians towards sharing economy services such as Uber, Airbnb and eBay. Released …

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The one question that terrifies hotel marketers

You’re precise with your numbers. You’re diligent and know where every cent of your hotel marketing budget is spent. Your owners and hotel asset managers decided to trust you with their investments and now rely on you to make the right decisions to turn the largest profit possible. However, there is one paralysing question that can make even the most …

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Outrigger Resorts wins best hotel/resort group

In a field of finalists at the Australian Federation of Travel Agents’ National Tourism Industry Awards for Excellence that included AccorHotels, Club Med, Starwood Hotels & Resorts and Leading Hotels of the world, Outrigger Resorts was named the winner in best hotel/resort group category. More than 500 industry representatives turned out at Darling Harbour Sydney to recognise and celebrate excellence …

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Cabinet rep & new regional focus a good outcome for Tourism according to TAA

Tourism Accommodation has welcomed the appointment of Steve Ciobo as the new minister representing the tourism sector in federal cabinet. Mr Ciobo was appointed this week as the minister for trade, tourism and investment. The member for Hinkler in regional Queensland, Keith Pitt, was also appointed as the new assistant minister for trade, tourism and investment. Welcoming the appointments, TAA …

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Paddock to plate dining experience launched at Wyndham Hotel Melbourne

A unique dining experience has launched at Wyndham Hotel Melbourne, with the opening of Little Billy, a paddock to plate style restaurant that will showcase local produce. Little Billy is the second restaurant to open in Melbourne as part of the Billy Group of restaurants and embraces the paddock to plate concept, which aims to use produce with low food …

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It’s time for hoteliers to change their perceptions of Chinese travellers

Ninety-two percent of Chinese travellers plan to increase or maintain spending; Australia remains top of the travel wish list for Chinese travellers. • Fifth annual Hotels.com Chinese International Travel Monitor confirms continuing growth of Chinese outbound travel • One-third of travellers from China say they plan to spend more on travel in the next year, despite the economic slowdown • …

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