Wednesday, January 24, 2018

Tag Archives: tourism

Flat results for Oct Asia Pacific hotel performance

Hotels in the Asia Pacific region reported nearly flat results in the three key performance metrics when reported in U.S. dollar constant currency, according to October 2016 data from STR. Compared with October 2015, the Asia Pacific region reported a 0.5% increase in occupancy to 71.3%. However, average daily rate (ADR) dipped 0.4% to US$103.77, and revenue per available room …

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The top 5 myths in hotel marketing right now

Sometimes, ignorance is not bliss. In hotel marketing, having outdated assumptions or incorrect information can cost your hotels millions in lost revenue… and perhaps even cost you your job. So we’ve put together a quick list of 5 current myths we see being perpetuated in the hotel marketing world: Myth #1: OTA revenue has no cost We placed this at …

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Airbnb ups the local ante

Echoing the ‘going local’ trend that has been sweeping the accom-sphere of late, Airbnb has started promoting its app as a way for guests and hosts to collaboratively organise ‘trips’ and ‘experiences’. The sharing economy app tells users to “add experiences and local spots to your trip while you’re on the go”, with the idea being guests can book experiences …

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How Golden Chain operators maintain their independence

Perhaps it is the subtle yet key difference between a co-operative and a franchise, but Golden Chain prides itself on the independence of its properties. “It comes down to not being too overly prescriptive with requirements for the operators,” new Golden Chain general manager Michael Georgeson told accomnews. “They can use whatever property management system or channel manager they like; …

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QLD: Port Douglas and Airlie Beach among most charming beach towns in Australia

Port Douglas and Airlie Beach have both been voted among the most charming beach resorts in Australia in a survey conducted by Travelmag.com. The online travel magazine invited more than 50 travel writers, photographers and selected professionals to name the three resorts that they consider the most appealing. All of the votes were then counted to produce the final ten. …

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How quickly market sentiment can change

It really is extraordinary how things can change so quickly; for the better and also, unfortunately, for the worse. I guess one does not exist without the other. Human sentiment and feeling about a particular matter or situation can change the course of activity almost in an instant. As an example, the share market depends on the sentiment of investors …

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Mantra AGM reveals 21.6% revenue increase

Mantra Group chairman Peter Bush reiterated the group’s year end 2016 results which saw a total revenue of $606.1 million representing a 21.6% increase on FY2015. “Underlying NPAT was $43.8 million, up $7.6m on FY15 and underlying EBITDAI of $89.8 million representing a significant 23.0% increase on FY15,” said Mr Bush. At the time of writing, Mantra Group’s shares were …

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The fine print – buyer beware

I have written recently of the sometimes troubled relationship between banks, borrowers and regulators. Indeed, hardly a week goes by without some fresh allegation of wrongdoing, consumer complaint or a misguided call for an enquiry. As we rush toward the dubious title of most over-regulated and over-governed country on the planet, I think we risk missing the point. In our …

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Obayashi Corporation & Built announce first project at Hotel Windsor in Melbourne

Built announced it has entered into an agreement with Japanese construction giant Obayashi Corporation to work together to target select large-scale construction opportunities in Australia. Built managing director, Brett Mason said: “I’m delighted to announce that Built has entered into an agreement to partner with Obayashi Corporation on select construction opportunities in Australia.  This represents an important step in Built’s …

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