Occupancy up, rates down. That's the message from STR analysis of Asia Pacific hotel performance in February. Occupancy across the region increased by 8% to 68.7%, average daily rate fell 5% to US$102.95 while revenue per available room increased 2.6% to US$70.67.
There's stock market speculation that Australian accommodation group Mantra is in the sights of international investors as a takeover target, with InterContinental Hotels Group tipped as a potential buyer. Mantra's shares have almost halved in value since hitting a peak of $5.05 in late December, 2015, and are now at $2.70. It has 20,000+ rooms under management.
Expedia has expanded its board to 14 members, adding political princess Chelsea Clinton, 37.
She is the daughter of Bill and Hillary Clinton, one a former US President, the other a shock loser to Donald Trump in the election late last year.
Clinton will be paid in the region of US$295,000 for her efforts. See story.
Smile. Fiji has partnered with the International Day of Happiness. More
After years of chronic under-investment, eight billion bucks – count 'em – is being pumped into Australian hotel development over the next few years, according to Tourism Accommodation Australia. More
Rezdy has raised A$2.4m to accelerate growth in the United States. Investors include Bailador and the Microequities VC Fund. Rezdy is a tours/actvities reservations and distribution platform based in Sydney with a US office in Las Vegas. Moe than half its revenue is generated outside its home market.
Airbnb has gone for the "Aussie battler"approach with a new print ad campaign in NSW ahead of expected new legislation on the booming short-term letting industry. More
Airline passenger traffic demand grew almost 10% in January, the best result in six years. "2017 is off to a very strong start, with demand at levels not seen since 2011," said Alexandre de Juniac, Director General and CEO of the International Air Transport Association. He attributed the rise to improvement in the global economy and a more "normal environment" after the terrorism and political ‘shock’ events seen in early 2016.
March 7, 2017: Exciting times ahead for two of Australia’s most respected travel industry events, No Vacancy and TRAVELtech, which have been acquired by National Media from founder Martin Kelly, who also publishes TravelTrends.biz. More
It's a cruel irony that the biggest asset of major traditional travel companies – great staff – has rapidly emerged as possibly their biggest issue. The numbers don't lie. More
Long time boss of Intrepid Travel, James Thornton, has been promoted to CEO of the entire Intrepid Group, which claims to be the world's largest adventure company carrying 300,000 pax a year. More
SiteMinder has finally announced the appointment of two new senior hires, both of whom have already been with the company for many months. They are David Jaros, Chief Marketing Officer, and Ken Aoyama, Chief Product Officer. Jaros joined SiteMinder last September, Aoyama in November.
Young Melbourne entrepreneur Anthony Soriano has just launched Loom, an app that allows friends to synchronise their travel itineraries and meet up while on the road. More
The digital revolution has claimed another victim. Star Ratings Australia today announced its subscriber-pays business model is no longer viable and the scheme will close on June 30, 2017. More
Trivago's TV-heavy advertising strategy is clearly working. The hotel search engine recorded spectacular Australian online growth during January – increasing its unique audience by 95% to 1.7m – giving Trivago second position in the 'Hotel Information' sub-category of the Nielsen Digital Ratings survey. More
Online travel agents in the United States now have 39% of the digital travel market and continue taking market share from the suppliers whose products they sell, according to new research from Phocuswright. More
Travel networking app Travello has launched a new 'groups' feature and signed partnership agreements with several leading Australian travel companies including Student Flights and YHA Australia. More
Surging Chinese visits to Bali ensure the holiday island's tourism numbers continue growing – but at what cost?
That's the question posed by a new report from Horwarth HTL and C9 Hotelworks. More
Need some inspiration? Fast Company has named what it reckons are the 10 most innovative companies in travel: 1. Airbnb, 2. Marriott, 3. Vail Resorts, 4. Ctrip, 5. GoEuro, 6. Norwegian Air, 7. AccorHotels, 8. Beautiful Destinations, 9. Carnival Cruise Lines, 10. Lola. See the reasons why.
May and November are the cheapest months for Australians to travel by air while December is by far the most expensive, according to research by Skyscanner. For long-haul flights to Europe, the best deals can be found more than six months out from the date of travel.
Coincidence? I think not. The rivalry between the Gold Coast and the Sunshine Coast, separated by the urban sprawl of Brisbane, is very real so no surprise to see both destinations launch their new winter marketing campaigns within 24 hours of each other. Gold Coast yesterday, Sunshine Coast this morning. More
The rapid consolidation of Australia's tourism asset ownership has continued with news motoring organisation NRMA has bought Australian Tourist Park Management and control of its 27 properties while it's been reported the sector's largest ever single park sale has just closed. More
Qantas will launch free Wi-Fi internet it claims is up to 10x faster than industry standard on its first domestic aircraft later this month with content streaming partners including Foxtel, Netflix and Spotify. More
In the 40 years from 1976 to 2016 the number of Chinese tourists to Australia has grown from just 500 (no-one ever said communism was good for tourism) to 1.2 million. More
It's been a long year or two and – like you – I need a break from the day to day. I've got a couple of other projects on the go and will be back at the writing desk in mid-February. Meanwhile enjoy the 3000+ stories on the site. Thanks for visiting. Martin Kelly, Publisher, TravelTrends.biz.