New Year's Eve pushed Sydney room rates to record-high
NYE rates hit AUD 1,009, while concerts by Jimmy Barnes and Lady Gaga also drove strong performance throughout December.
Press Releases
The Ashes Tour pushed Perth occupancy to 96%, Adelaide rooms nearly fully booked
CoStar data shows Perth hotels hit record ADR and RevPAR levels during cricket matches, with Adelaide bookings at 96.1% ahead of the third Test.
WTTC Recognized China’s Strategic Initiatives Driving Growth in Travel & Tourism
China's tourism sector contributes $1.9TN to the economy with 15.8% annual growth, expected to become the world's largest travel market by 2031.
November events boosted Melbourne hotel performance, December looks promising
Melbourne hotels achieved record November RevPAR of AUD201.05 (+8.6%), driven by Melbourne Cup Carnival and Oasis concerts.
Japan Brief: Hotel and Retail Sectors to Remain Resilient Despite Decrease in Chinese Visitors
CBRE analysis shows diversified visitor base and weak yen will offset Chinese travel restrictions, with European, US, and Australian tourists providing stronger spending power.
Is hotel compression back in Australia?
Australia leads Asia Pacific with 84% of submarkets showing RevPAR growth, driven by occupancy increases rather than rate hikes, while compression patterns shift from midweek corporate to weekend leisure demand.
Centara Hotels & Resorts and NUO International Forge Strategic Alliance to Drive Global Expansion
Centara Hotels & Resorts, Thailand’s leading hotel operator, and NUO International Hotel Management Co., Ltd., recently signed a strategic Letter of Agreement to collaborate on brand development and international expansion. This landmark partnership represents a powerful alliance between two leading hospitality brands and a meaningful exchange between “Chinese Service” and “Thai Hospitality,” aimed at delivering exceptional experiences to global travellers.The signing ceremony, held at NUO Hotel Beijing, was attended by senior executives from both organisations, including Mr. Thirayuth Chirathivat, Chief Executive Officer of Centara Hotels & Resorts, Mr. Michael Henssler, Chief Operating Officer, alongside Mr. Jack Xia, Managing Director – Centara China, Mr. Tyrone Tang Ming, General Manager of NUO International, Mr. Andy Xu Jia, Deputy General Manager, and Ms. Yuki Qu Jing, Vice President of Marketing.
Centara and Nuo Hotels
GBTA and Visa Study Outlines Path to Stronger Corporate Travel Programmes in India’s Rapidly Growing Market
India’s business travel market is one of the fastest growing globally, with annual spend reaching $37.2 billion USD in 2024 and projected to increase 15.5% for 2025—more than double the expected global growth rate of 6.6%*. And as business travel continues to grow within India, corporate travel management, technology adoption, corporate card programs and payment practices are increasingly important ─ and companies must address critical gaps that could impact their cost control and compliance efforts.
Expo 2025 a resounding success for Osaka and beyond
For the past six months, Osaka has played host to the World Expo, a quinquennial event that brings together people and innovations with a focus on key global challenges. The event has historically generated substantial gains in hotel performance, a pattern that was evident in Osaka and neighboring markets in Japan.
Hilton on Track to Double Portfolio in China Following 888 Hotel Milestone
Hilton (NYSE: HLT) today announced the grand opening of Waldorf Astoria Shanghai Qiantan and celebrated its milestone of 888 trading hotels across Greater China and Mongolia. This achievement reinforces Hilton’s position as the largest and fastest-growing international hospitality company in the region with the company on track to double its presence in the region in the coming years.
Adelaide and Perth hotel bookings topping 80% for The Ashes series
The upcoming Ashes series is driving hotel bookings across key Australian markets, according to Forward STAR data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
Koh Samui Emerges as Asia’s New Integrated Wellness and Sports Destination
Koh Samui is entering a new era as one of Asia’s most dynamic integrated wellness and sports tourism destinations. Moving beyond its identity as a luxury island escape, Samui is embracing global trends that merge wellbeing, active living, and performance — redefining how travelers experience health and connection.
Philippines in focus: Future Hospitality Summit spotlights dynamic Asian tourism and hospitality market with dedicated Country Pavilion
Future Hospitality Summit – FHS World is putting the Philippines in the spotlight with a dedicated pavilion highlighting the country’s dynamic, diverse hospitality and tourism sector throughout the event, taking place at Madinat Jumeirah in Dubai, 27-29 October.
NRL Grand Final Sends Sydney Hotel Bookings Soaring
Australia’s largest hotel operator, Accor, has declared the 2025 NRL Grand Final a tourism triumph, with tens of thousands of interstate fans driving exceptional hotel occupancies and boosting the local economy.
Mix of events drove Sydney hotel performance in August
Boosted by several events, Sydney’s hotel industry posted its highest August average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar. CoStar is a leading global provider of commercial real estate data, analytics and news.
Banyan Group Marks 20 Years in China ahead of Its 100th Global Property
Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58), an independent global hospitality company, celebrates its 20th Anniversary in China with an immersive journey through Yunnan Province’s Ringha in Shangri-la and Lijiang — the Group’s first destinations in the country. The anniversary comes as the Group prepares for the Grand Opening of its 100th global property in November.
Accor’s Perth Hotels Poised for Record-Breaking Spring and Summer
Accor hotels across Perth and regional Western Australia are on track to deliver one of their strongest years in recent memory, with occupancy levels running well ahead of 2024.
British and Irish Lions Tour boosted hotel performance across Australian markets
A number of Australian hotel markets saw significant jumps in performance during the British and Irish Lions Tour, including Brisbane posting record highs in average daily rate (ADR) and revenue per available room (RevPAR), according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.
New Zealand Hotels Figures – H1 2025
Hotel occupancy trends varied across the markets with supply growth continuing to drag down Auckland occupancy rates whilst demand growth in Rotorua, Christchurch and Queenstown saw occupancy rates improve. Wellington demand has been significantly impacted by Government policy.
Brisbane hotels posted record-high room rates in July
Boosted by the British and Irish Lions Tour, Brisbane’s hotel industry posted its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar. CoStar is a leading global provider of commercial real estate data, analytics and news.