Siteminder (ASX:SDR) share price rockets 35% on ASX debut
A rare Australian unicorn has just graduated to the ASX, with Siteminder Limited (ASX: SDR) shares commencing trading on Monday.
A rare Australian unicorn has just graduated to the ASX, with Siteminder Limited (ASX: SDR) shares commencing trading on Monday.
With lengthy lockdowns ending and travel restrictions easing, Australia’s hotel industry has seen recent improvement in hotel occupancy levels, according to preliminary data from STR through 31 October.
Accor, together with private development group Keylin, have announced plans to open Brisbane's first Mövenpick hotel. The internationally acclaimed hotel brand will make its Brisbane debut at 447 Gregory Terrace in Spring Hill, the city's oldest suburb, bordering the Brisbane CBD and the 65-ha Victoria Parklands.
The much-anticipated Sofitel Adelaide welcomed its first guests today 4 November 2021, becoming the first new-build, international five-star hotel to open in Adelaide's CBD in 30 years.
Hilton (NYSE: HLT) today announced the signing of Hilton Garden Inn Sydney Kingswood, marking the sixth Hilton Garden Inn hotel in the pipeline for Australasia and the brand's entry into Sydney, Australia's largest gateway city. In partnership with Boston Global, Hilton will manage the newly built 140-room property in the heart of Western Sydney, which also marks the Hilton's third brand in Sydney, joining Hilton Hotels & Resorts and Curio Collection by Hilton.
Australian hotels sales have surged to almost $2 billion this year – hitting a five-year high and up from just $681 million 2020 – despite a year of lockdowns and ongoing travel restrictions.
SKYE Suites has welcomed Quercy Jouannes as the General Manager for SKYE Suites Parramatta.
Wyndham Destinations Asia Pacific is pleased to announce the appointment of Philip Blain to the role of General Manager at Club Wyndham Ballarat.
Marriott International, Inc. today signed an agreement with Hesperia to introduce the Courtyard by Marriott brand to Perth, bringing the brand's timeless, classic style to one of Western Australia's fastest growing commercial and residential catchments. Located 13 kilometres south of Perth's Central Business District, the 150-room new-build Courtyard by Marriott Perth, Murdoch will form part of the mixed-use Murdoch Health and Knowledge Precinct and is expected to open in early 2024.
Hotel investment volumes will likely cross US$7 billion for the full year 2021, a 15% year-on-year increase, as investors continue to look past the industry’s short-to-medium term headwinds brought on by COVID-19. According to JLL (NYSE: JLL) Hotels & Hospitality Group, healthy transaction volumes will continue into next year, with the industry expected to attract a minimum of US$9 billion in capital in 2022.
The countdown is on to experience the new Sofitel Adelaide, Australia's most anticipated hotel launch for 2021, with Thursday 4 November now confirmed as the official opening date.
Down south in Ovolo Nishi, Gabriel Polias joins the property as general manager. His prevoiusly held positions such as hotel manager at luxury brands like the Sofitel, as well as director of operations at the Marriott.
Kieron Hunt has been appointed the general manager of Ovolo Woolloomooloo. Over two decades, Hunt has worked in locations around the world such as London, Dubai, China, and Japan, for hospitality brands such as The Murray, Peninsula Hotels, InterContinental Hotels, Hilton Hotels and Chelsea Football Club.
IHG Hotels & Resorts is excited to be continuing its push into suburban and regional Victoria with the signing of Holiday Inn Dandenong with hotel owners, the Pelligra Group.
West Perth's trendy Hay Street will soon be home to one of IHG's fastest growing hotel brands as Sage Hotel West Perth rebadges to Holiday Inn West Perth on 1 November 2021.
KSL Capital Partners, LLC (KSL) announced today that an affiliate of KSL has acquired the Four Points by Sheraton Sydney, Central Park for an undisclosed amount. It will continue to be operated by Marriott International under the Four Points by Sheraton brand. While KSL has already invested in Ballie Lodges in Australia, this is KSL’s first investment in Sydney.
Australian accommodation declines for the 2020-21 financial year were worse for capital markets than regional areas, according to STR’s collection of national accommodation statistics through the Australian Accommodation Monitor.
At the start of the pandemic, I implemented, when considered in retrospect, was an uncharacteristic experiment. For an entire day, I tried not to touch anything in a public space. After a few hours of what seemed like a long game of playground tag, I realised that it was impossible to shun much of our physical contact outside the home effectively.
Amid increased COVID-19 cases and lockdowns across the country, Australia’s hotel industry reported lower performance levels, according to preliminary August 2021 data from STR.
Construction has begun on Adelaide's South Australia's newest upscale lifestyle hotel, Vibe Hotel Adelaide, which is set to become the flagship landmark hotel for the 'Paris end' of Adelaide in the Flinders East precinct.