Thursday, September 21, 2017

Tag Archives: events

Quest celebrates official openings of Griffith and Dandenong Central

The Griffith opening was a continuation of Quest’s assertive growth strategy in New South Wales, and is a prime example of Quest’s promise to go where the corporate market needs its unique style of apartment hotel accommodation. The new property, which opened on November 28, 2016 is Quest’s twenty-sixth in New South Wales, providing yet another premium apartment hotel offering …

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Andrew McTaggart joins Mantra as a development manager

The company has welcomed Andrew McTaggart to its acquisitions team. Andrew is well credentialed in hotel operations, finance, development and acquisitions after many years in senior executive positions with Hilton, SPHC, Accor and Accor Premier Vacation Club in roles including hotel general manager, general manager of acquisitions and chief financial officer. According to a recent company statement, Andrew is looking …

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Mantra results for half-year ending Dec 31, 2016

Mantra Group has announced its half year results for the period ended 31 December 2016, reporting an underlying net profit after tax of $31.8m, up $4.2m and 15.1% on H1FY2016 and underlying EBITDAI of $58.7m, up 10.3% (underlying results are the statutory results excluding transaction costs of $1.7m (H1FY2016: $4.8m) incurred in respect of acquisitions).  Four hotels were added to …

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How will Facebook’s newest features affect your hotel?

The power and progression of social media knows no bounds and Facebook shows no signs of slowing down. The back end of 2016 saw the social media giant introduce two new apps to upgrade popular features on their platform. The first was ‘Events’ and the other was ‘Recommendations’. Both are designed to make it even easier for users to plan and perform …

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What do meeting planners want? Surprising survey results:

To help hotel sales managers win at various phases of the sourcing process, Tambourine partnered with EproDirect to collect insights from more than 83,000 meeting planners to find out what promos and incentives peak their interest, what marketing strategies actually influence them and what impacts their booking decisions. After analysing the data, Tambourine discovered some things you might expect along with some …

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Regions lag behind capital cities in tourism

Further evidence of the tourism industry being a growth sector now and in the future has been released, according to AAA. Austrade’s “Tourism Research Australia State of the Nation 2016 Report” has confirmed the upward trajectory of the tourism industry by highlighting strong growth in numbers of both domestic and international visitors, with a positive jump in the number of …

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Bad housekeepers beware!

2017 is not a year that will make excuses for bad housekeeping practices – this may be the year to make or break your accommodation – such is competition in the marketplace. Do you know if your housekeeping is up to scratch? As 2016 fades into your memory and the holiday season ends, this may be the best time to …

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Ovolo named official hotel of Mercedes Benz Fashion Week Australia!

The boutique hotel brand has fallen head-over-heels for the fashion world, becoming the first long-term official hotel of Mercedes-Benz Fashion Week Australia (MBFWA). With a three-year partnership commencing from the 2017 show (occurring from 14 – 19 May), Ovolo Hotels may be set to become fashion HQ for Australian and International designers, editors, buyers, and fashionistas descending upon Sydney each …

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Strong demand for Sydney hotels in Jan

STR’s preliminary January 2017 data for Sydney, Australia, has indicated performance driven by strong demand. Based on daily data the following year-over-year comparisons were reported: Supply: +3.6% Demand: +4.8% Occupancy: +1.1% to 82.1% Average daily rate (ADR): +7.8% to AUD219.31 Revenue per available room (RevPAR): +9.0% to AUD180.08 While Sydney’s growth in ADR was notable, the 82.1% absolute occupancy level …

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Ranking the importance of your management agreements

The documentation that ‘bubble-wraps’ management rights include a caretaking agreement with the body corporate; a letting agreement with the body corporate; the body corporate by-laws; a letting appointment with each of the owners in your letting pool. I am frequently asked about the importance of each document. Consequently, I thought it might be worthwhile to rank the commercial importance of …

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