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Tag Archives: Resorts

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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Join the fun: go Pokemon crazy!

If you haven’t heard about the latest millennial obsession, Pokemon Go, then you must be living under a rock. It exploded into our lives July 6 and presents us with yet another novel challenge but also an exciting marketing opportunity. The game sends usually socially awkward, phone clutching players out into the real world in search of virtual reality Pokemon …

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5 ways to make sure your hotel packages pack a punch

Does your property offer packages? By ‘packages’ we mean special rates for accommodation paired with something extra. That extra could have some in-house value such as free breakfast or parking or it could be an off-premise experience, such as tickets to a local attraction. We’ll go out on a limb and just say it – packages are passé. At least, …

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The trick for building innovation bench-strength

There has been much discussion lately about disruptors, present and future, to the hospitality industry and what this means for leaders and strategic planning. What measures should an organisation take to position itself to compete in this ‘continuously disruptive’ environment? A quick answer that comes to many is ‘better use of technology’ – to digitally transform the business. However this …

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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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