Latest news with #occupancy
Yahoo
2 days ago
- Business
- Yahoo
Laser studio takes business centre to full capacity
A business centre has reached full occupancy following the letting of a ground floor unit. Goadsby Commercial's Hampshire office completed the deal at Hedge End Business Centre in Hedge End, Southampton, securing full occupancy on behalf of a retained client. The 1,436 sq ft unit has been let on a five-year lease to HA Laser Studio, which plans to open a clinic offering laser treatments. READ MORE: Key facts as cruise operator reveals number of staff employed in Southampton Amy Baker at Goadsby said: "Originally constructed as offices, the versatility of the design of the units at Hedge End Business Centre has also lent itself to be suitable for alternative uses within Class E. "This flexibility alongside the convenient location has seen a strong demand in the units. "Unit 12 was an open plan ground floor unit which will be fitted out to the tenants' needs and we look forward to seeing the new studio, which specialises in laser treatments, open in the near future."
Yahoo
3 days ago
- Business
- Yahoo
Long Weekend Stays Driving Asian Travelers to Regional Destinations According to Agoda
Hoteliers advised to take advantage of additional public holidays to maximize occupancy and revenue SINGAPORE, June 20, 2025 /PRNewswire/ -- Asia's diverse and regular stream of public holidays is proving to be a boost to the Asia Pacific (APAC) travel industry as Asian tourists look to maximize their leisure time. Digital travel platform Agoda reveals that Asian travelers looking to travel long weekends are largely opting to stay in the APAC region, highlighting an opportunity for hoteliers to capture rising demand for more frequent, short stays. Agoda saw an 80% month-on-month increase in accommodation searches from Malaysia, Indonesia, and Singapore ahead of the Eid long weekend. Favored destinations were Japan, Thailand, China, South Korea and Taiwan. There was a similar trend during the Songkran long weekend in Thailand - with Hong Kong, Osaka, Shanghai and Seoul proving to be top choices. The recent long weekend in Vietnam, which encompassed Liberation Day and Labor Day, saw Bangkok, Singapore, Tokyo and Seoul being the most searched destinations. "The opportunity for hotels and airlines to secure bookings and incentivize travelers to extend their trips and add ancillary items to boost revenue over long weekends has never been greater," said Andrew Smith, Senior Vice President of Supply, Agoda. "Hotels should ensure they are using the right data to target the hottest consumers from across the Asia Pacific region and ensure that their service offerings are tailored to their regional tastes. For example, catering for visitors with large families by ensuring they are able to access larger and joined rooms for family travel." There are still multiple long weekends to come in the region in 2025 including: MALAYSIA PHILIPPINES SINGAPORE TAIWAN THAILAND • Yang di-Pertuan Agong's Birthday (Jun 2) • Awal Muharram (Maal Hijrah) (Jun 27) • Prophet Muhammad's Birthday (Sept 5) • Deepavali (Oct 20) • National Heroes Day (Aug 25) • Deepavali (Oct 20) • Mid-Autumn Festival (Oct 6) • Bridge Holiday to Queen Suthida's Birthday (Jun 2) • Queen Suthida's Birthday (Jun 3) • Khao Phansa Day (Jul 11) • King Vajiralongkorn's Birthday (Jul 28) • Bridge Holiday to Queen Mother's Birthday (Aug 11) • Queen Mother's Birthday (Aug 12) • Passing of His Majesty the Late King (Oct 13) • His Majesty the Late King's Birthday (Dec 5) By proactively offering packages that cater to long weekend stays and micro-vacations, hotels can capitalize on these trends. Some strategies include: Focus on Content Marketing: Publish blog posts or guides about "Top Things to Do in [Your City] Over the Long Weekend." Highlight local events, hidden gems, and places that are within easy reach. Use SEO best practices to ensure content ranks for relevant long weekend searches. Launch long Weekend and "maxi-break" packages: Partner with travel platforms like Agoda and loyalty platforms to promote extended stay offers such as "Stay 4 Nights, Pay for 3". This aligns with the growing trend of consumers turning public holidays into mini vacations. Push Ancillary items that help guests maximize shorter trips: Include value-adds like late check-out, complimentary breakfast, or tickets to local attractions. Design wellness and immersive local packages - With Asia's wellness tourism market projected to hit USD 156.85 billion this year, hoteliers can attract high-value guests by offering digital detox retreats, spa-and-stay bundles, and locally sourced culinary experiences that can be enjoyed over a three day stay. Agoda offers a wide range of options to suit these preferences. With over 5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, Agoda provides endless possibilities for creating unforgettable travel experiences. --- ENDS --- View original content to download multimedia: SOURCE Agoda Error in retrieving data Sign in to access your portfolio Error in retrieving data
Hospitality Net
06-06-2025
- Business
- Hospitality Net
Asia Pacific hotel performance update
April performance across the Asia Pacific hotel industry was positive as 10 of the region's 16 largest countries grew occupancy, average daily rate (ADR) and revenue per available room (RevPAR). In fact, all but three countries—China, Singapore and Thailand—experienced RevPAR gains. The March/April period is often impacted by calendar shifts of religious events and public holidays. April 2025 was no exception with a shift in observances including Ramadan, Easter and Passover affecting both business and leisure travel patterns in the region. Asia Pacific hotel performance update -April 2025— Source: STR Japan continues to hold the APAC region's top spot Japan remains the standout performer with seemingly unstoppable ADR gains. The country also advanced occupancy in April, which is the middle of Cherry Blossom season, a draw for visitors from around the world. April occupancy was Japan's highest level in the past 12 months. A favorable yen-to-dollar exchange rate has contributed to Japan's attractiveness for visitors, however the favorable FX rate is starting to subside. Expo 2025, held this year in Osaka, opened in mid-April and will benefit performance throughout the country until the middle of October. Of the other Northeast Asian markets highlighted, Taiwan (China) and South Korea experienced occupancy and ADR increases. Similar to Japan, April is a popular month for both markets. In Taiwan, Taipei and Taiwan Regional lifted RevPAR with occupancy as the main driver. The Incheon & Seoul markets and Busan submarket drove performance for South Korea with generally equal parts occupancy and ADR. Asia Pacific hotel performance update -April 2025— Source: STR Variability across markets in China resulted in net negative performance China, the largest country in the region, posted negative RevPAR comparisons impacted more by occupancy declines than ADR. Healthy supply increases have contributed to the country's slowing occupancy. April performance varied across the country with Macau SAR and Sanya posting double-digit RevPAR increases, while the majority of markets posted declines. Similar variability was seen across the five largest markets where Guangdong and Shanghai experienced modest gains while Beijing decreased RevPAR due to ADR declines. Shandong and Jiangsu slowed primarily because of decreasing occupancy. Asia Pacific hotel performance update -April 2025— Source: STR All three top Central South Asian countries advanced RevPAR Three of the top countries in Central South Asia—India, Maldives and Sri Lanka—advanced RevPAR on both ADR and occupancy gains. India experienced growth throughout the country with the four largest markets posting double-digit RevPAR gains. Mumbai rose primarily due to ADR gains, while New Delhi, Bengaluru and Rajasthan saw occupancy and ADR increases. Highlighting the popularity of the country, all 17 markets in India experienced an occupancy increase in April. Two smaller countries in the region—Maldives and Sri Lanka—increased RevPAR as well. Maldives, recording one of the highest ADRs in the region, has seen growth all year, while April was the first month this year that Sri Lanka posted positive performance. Asia Pacific hotel performance update -April 2025— Source: STR Solid April performance in the southern hemisphere April brought cooler weather and positive RevPAR comps in the southern hemisphere for the three highlighted countries in the region. Inflation, which has been a headwind in the region, has lessened. FX rates are also a factor as the Australian dollar remains weak against the U.S. dollar, providing a tailwind to long-haul inbound travel. Australia's top markets all posted healthy RevPAR gains, driven by occupancy and ADR. New South Wales, the third largest market in the country, achieved double-digit growth. New Zealand saw strong performance across all four submarkets in the South Island market. North Island was mixed with the two largest submarkets, North Island regional and Auckland, up and down, respectively. Fiji experienced growth following a decline in March, in part because of the Easter/Passover calendar shift which benefits leisure travel, providing a boost to a vacation market such as Fiji. Asia Pacific hotel performance update -April 2025— Source: STR Variable performance seen across Southeast Asia Performance was mixed across Southeast Asia. Vietnam and Indonesia recorded RevPAR gains via increased ADR and occupancy. In Vietnam, all seven submarkets increased RevPAR. April in Indonesia was positive following negative performance in March, impacted by above mentioned calendar shifts. Two of the largest markets, Jakarta and Bali, each produced double-digit gains driven almost entirely by ADR. Occupancy was the exclusive driver of positive RevPAR performance in Malaysia and Singapore. Both countries recorded stronger performance in April compared to March with Malaysia netting positive KPIs while Singapore retreated slightly. Singapore consistently posted the highest occupancy and ADR of any country in the region. Occupancy declines suppressed RevPAR in the Philippines and Thailand. Increasing ADR in the Philippines made up for the occupancy decline both in Manila and the surrounding region. Performance was mixed across Thailand, with Bangkok and Thailand Central & North seeing modest ADR declines and more significant occupancy declines. Phuket and Thailand South posted positive RevPAR with ADR being the primary driver. Asia Pacific hotel performance update -April 2025— Source: STR About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France's leading commercial real estate news service. Thomas Daily is Germany's largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, as a channel of distribution for material company information. For more information, visit This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website ( All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View source
Hospitality Net
05-06-2025
- Business
- Hospitality Net
U.S. hotel results for week ending 31 May
ARLINGTON, Va. -- The U.S. hotel industry reported negative year-over-year comparisons, according to CoStar's latest data through 31 May. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 25-31 May 2025 (percentage change from comparable week in 2024): Occupancy: 61.0% (-1.6%) Average daily rate (ADR): US$151.48 (-0.3%) Revenue per available room (RevPAR): US$92.45 (-1.9%) Among the Top 25 Markets, St. Louis saw the largest occupancy increase (+11.1% to 64.5%). New York City (+5.7% to US$290.35) and Los Angeles (+5.7% to US$189.06) matched for the highest ADR lift. The steepest RevPAR declines were seen in New Orleans (-30.2% to US$73.59) and Dallas (-21.5% to US$67.25). For more information about the company and its products and services, please visit Additional Performance Data CoStar's world-leading hotel performance sample comprises more than 88,000 properties and 11.5 million rooms around the globe. Members of the media should refer to the contacts listed below for additional data requests. About CoStar Group, Inc. CoStar Group (NASDAQ: CSGP) is a leading provider of online real estate marketplaces, information, and analytics in the property markets. Founded in 1987, CoStar Group conducts expansive, ongoing research to produce and maintain the largest and most comprehensive database of real estate information. CoStar is the global leader in commercial real estate information, analytics, and news, enabling clients to analyze, interpret and gain unmatched insight on property values, market conditions and availabilities. is the leading online marketplace for renters seeking great apartment homes, providing property managers and owners a proven platform for marketing their properties. LoopNet is the most heavily trafficked online commercial real estate marketplace with thirteen million average monthly global unique visitors. STR provides premium data benchmarking, analytics, and marketplace insights for the global hospitality industry. Ten-X offers a leading platform for conducting commercial real estate online auctions and negotiated bids. is the fastest growing online residential marketplace that connects agents, buyers, and sellers. OnTheMarket is a leading residential property portal in the United Kingdom. BureauxLocaux is one of the largest specialized property portals for buying and leasing commercial real estate in France. Business Immo is France's leading commercial real estate news service. Thomas Daily is Germany's largest online data pool in the real estate industry. Belbex is the premier source of commercial space available to let and for sale in Spain. CoStar Group's websites attracted over 163 million average monthly unique visitors in the third quarter of 2024. Headquartered in Washington, DC, CoStar Group maintains offices throughout the U.S., Europe, Canada, and Asia. From time to time, we plan to utilize our corporate website, as a channel of distribution for material company information. For more information, visit This news release includes "forward-looking statements" including, without limitation, statements regarding CoStar's expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that future media events will not sustain an increase in future occupancy rates. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar's filings from time to time with the Securities and Exchange Commission, including in CoStar's Annual Report on Form 10-K for the year ended December 31, 2023 and Forms 10-Q for the quarterly periods ended March 31, 2024, June 30, 2024, and September 30, 2023, each of which is filed with the SEC, including in the "Risk Factors" section of those filings, as well as CoStar's other filings with the SEC available at the SEC's website ( All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Haley Luther Senior Communications Manager +1 (216) 278 0627 STR
Skift
02-06-2025
- Business
- Skift
Hyatt Launches Unscripted Brand for Essentials Portfolio
STR reported China hotel data for the week ended May 24th. Hotel RevPAR in China was down 9.4% year-over-year. The week's RevPAR was up against a drop of 4.1% in the comparable week last year. While occupancy was down 1.8% year-over-year for the recent week, ADR was the reason for the decent-sized decline, down 7.8%. Macau's average hotel occupancy rate rose by 4.7 percentage points in April to 87.8%. The number of guests rose 3.4% to 1.2 million. The Macau Statistics and Census Service said there were 147 hotel establishments providing accommodation services to the public as of the end of April, up by four establishments versus the year before. The number of available rooms declined by 4.5% to 45,000 as more IR owners renovated, combining rooms to suites. Five-star hotels' occupancy rate was 90.9%, up by 6.2 percentage points year-on-year. In the first four months of the year, the average hotel occupancy rate increased by 5.1 percentage points to 89.6%. The number of guests decreased by 3.2% to 4.8 million. Hyatt Hotels Corporation announced a franchise agreement with PT Lombok Torok Developments to open a new hotel in Lombok, Indonesia. This marks the debut of the Destination by Hyatt brand in Southeast Asia. The Samara Lombok will feature 249 rooms, part of a larger integrated development project on the island. The hotel is set to open in 2027. The Samara Lombok project spans over 300 acres and includes two sites: Samara Bay and Samara Hills. The development will include a wellness village, multiple swimming pools, and more than 10 dining venues. This will increase Hyatt's portfolio in Indonesia, where it currently operates 15 properties across seven different brands. Hyatt Hotels Corporation announced Unscripted by Hyatt, the newest brand in its Essentials portfolio. Unscripted by Hyatt hotels will bring to life a flexible, collection-style approach where each property reflects its own identity and local flavor yet remains unmistakably Hyatt in quality and care. The Unscripted by Hyatt brand has over 40 hotels globally in active discussions to join the brand. As Hyatt scales its select service offerings within its Essentials portfolio, it is simultaneously expanding its Lifestyle and Luxury portfolios to grow in more markets, with more members, for more stay occasions. The Lifestyle portfolio added more than 30 new properties and 3,500 rooms between the first quarter of 2024 and the first quarter of 2025, including openings and the acquisition of Standard International's brands. The Standard, StandardX, and Bunkhouse Hotels are generating strong demand from guests, group customers, and owners alike as Hyatt increases its lifestyle offerings. IHG Hotels & Resorts and GI Capital Management held a ground-breaking ceremony to mark the construction start of the Regent Kyoto, set to open in 2028. The property is set around a central garden originally landscaped over a century ago and will offer luxury, world-class facilities, and 83 rooms, located in one of the city's most affluent areas of Okazaki. The hotel site is home to Tsuruya, recognized among Kyoto's top dining destinations. Work on Singapore's first zero-energy hotel, the Hotel Indigo Changi Airport, is scheduled to be completed and fully operational by 2028. The hotel is being developed beside Terminal 2 and will offer a distinctive local experience, developed under a joint venture by OUE with Japanese non-banking financial services company, Tokyo Century. The 255-room hotel will include an oasis on the 8th floor with an infinity pool, gym, and a bar. There will be an indoor rainforest with seven stories of greenery. The hotel will have direct access to Terminal 2, but will be linked to the rest of Changi Airport. Acrophyte Hospitality Trust, formerly known as ARA US Hospitality Trust, is undergoing a strategic review. The Singapore-listed hotel trust was renamed in 2024 after the family of billionaire Gordon Tang completed the takeover of the trust's managers. On May 30, the managers of Acrophyte Hospitality Trust said they are evaluating a range of strategic options in light of the potential capital expenditure needed to enhance its portfolio of hospitality assets in the United States. The hospitality stapled group comprises Acrophyte Hospitality Property Trust and Acrophyte Hospitality Management Trust. OYO Hotels founder Ritesh Agarwal is asking for name suggestions for its parent firm, Oravel Stays, ahead of its next attempt at an IPO. We don't think the name is the reason they have been unsuccessful at getting to the market, but a fresh name may work. He wants a bold, one-word corporate name, global in feel, not tied to one culture or language, tech-forward, sharp but also human and memorable. Meanwhile, five investment banks will be meeting with investor SoftBank this month to try to convince them to support an IPO. The banks include Citi, Goldman Sachs, Jefferies, ICICI Securities, and Axis Capital. Schloss Bangalore, owner of The Leela, launched their IPO, laying an egg on the first day with a decline of 6.7% on its debut. Even with that, the company is valued at US$1.62 billion. Sponsor Brookfield Asset Management had been targeting a valuation of about $1.7 billion. In the Philippines, casino and leisure firm Hann Holdings Inc. filed a preliminary prospectus for an IPO to raise up to P12.98 billion to fund expansion plans and strengthen its position in the country's integrated resort industry. Hann Holdings said it will offer 500 million common shares at a maximum price of P23.60 each, plus an additional 50 million secondary shares to cover an overallotment option. Its flagship properties include Hann Casino Resort in Clark Freeport Zone, Pampanga, which includes a casino floor and international hotel brands such as Swissotel and Marriott, high-end retail, and fine dining. The company is also developing Hann Reserve, a 450-hectare luxury mountain resort in New Clark City, Tarlac, envisioned as the country's first luxury eco-leisure estate with plans for high-end hotel brands, golf courses, and residential villas. Global hospitality names such as Banyan Tree, Sofitel, and The Luxury Collection by Marriott are expected to be part of the lineup there.
