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Palmy is back baby! Holiday house shortage looms as demand booms

By |2020-07-29T09:02:40+10:00July 29th, 2020|Daily News, Short Term Rental News|

Property managers predict this winter will be the busiest ever for Sydney's northern beaches holiday house market as cooped up Sydneysiders make the area their weekend playground. They also report Christmas bookings are being made at an unprecedented rate, fuelling fears of a holiday home shortage. Premium stock is already More ...

Short-term rentals outperform hotels across 27 markets during COVID

By |2020-07-23T09:28:44+10:00July 23rd, 2020|Daily News, Short Term Rental News|

Short-term rentals have been much more popular than "traditional hotels" throughout the COVID pandemic, recording significantly higher occupancy rates between March and June, according to the preliminary findings of a joint analysis across 27 global markets by STR and AirDNA. STR and AirDNA compared the performance of traditional hotels, hotel-comparable short-term rentals More ...

US OTAs Airbnb, Agoda, Booking and Expedia form Asian lobby group with no Asian members

By |2020-07-17T09:38:27+10:00July 16th, 2020|Daily News|

Booking Holdings, Airbnb and the Expedia Group  have formed a regional lobby group called the Asia Travel Technology Industry Association, but it would appear there is something missing.  No Asian-owned companies are listed as members on the ATTIA website, while the entire association executive is drawn from the most senior More ...

Book direct campaigns having impact in SA says former Expedia boss

By |2020-07-14T15:30:03+10:00July 3rd, 2020|Daily News, Short Term Rental News|

Government and tourism industry campaigns encouraging consumers to book direct with accommodation providers rather than Online Travel Agents appear to be working, according to the former Managing Director of Expedia Australia, George Ruebensal. Ruebensal now operates  Karawatha Cottages in McLaren Vale, a food and wine region 45 minutes from Adelaide More ...

Webjet flags potential acquisitions as it seeks to raise EUR100m

By |2020-07-13T13:54:41+10:00July 3rd, 2020|Daily News|

#Webjet had a monthly cash burn rate of $15 million for the June quarter and “nominal” revenue in April/May yet says it sees opportunity in adversity and is open to buying other companies despite the global travel slowdown almost certain to extend well into 2021. Optimistic. MD John Guscic said the More ...

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Registration on the way for NSW short term rental industry

By |2020-07-14T15:31:29+10:00July 1st, 2020|Daily News, Short Term Rental News|

ASTRA Chairman Rob Jeffress The NSW government will introduce formal registration of short term rental properties in the first half of next year, the The Australian Short Term Rental Accommodation Industry Association (ASTRA) believes. Chairman Rob Jeffress today said legislation governing short term rentals and a code of More ...

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Younger travellers behind demand surge for holiday parks, caravans

By |2020-07-13T13:55:26+10:00June 29th, 2020|Daily News|

Younger travellers are behind a surge in Australian holiday park bookings  and caravan sales according to an encouraging story on the ABC website. "The Caravan Industry Association of Australia said since the easing of restrictions in recent weeks, every state and territory had experienced a "boom" in caravan sales and More ...

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Bain Capital agrees to buy Virgin Australia, hard work begins

By |2020-07-13T15:41:59+10:00June 26th, 2020|Daily News|

Bain Capital has entered into an agreement to buy Virgin Australia, Australia’s second-largest airline, which entered voluntary administration on April 21.   Virgin Australia Group Chief Executive Officer and Managing Director, Paul Scurrah said: “This is a great day for Virgin Australia and a huge milestone as we move forward with More ...

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Sonder says occupancies now at 75%, raises $170m funding

By |2020-07-14T15:32:11+10:00June 26th, 2020|Daily News, Short Term Rental News|

Sonder interior. Company says guests want digital check-in, keyless entry, professional cleaning, and no contact. Leading short term rental company Sonder has just raised US$170m and says average occupancy has bounced back to 75% across its portfolio of 12,000 rooms in six countries after falling to 40% at More ...

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Qantas announces redundancies, capital raising & grounding of 100 aircraft

By |2020-07-13T15:36:55+10:00June 25th, 2020|Daily News|

Qantas today announced a total operational and staffing overhaul –  “rightsizing” all aspects of its operation to reflect anticipated long-term reduced demand. It’s part of a three year strategy to “guide recovery and return to growth in a changed market”.  All details contained in following media release: More More ...

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Serko Results Reveal Business Travel Decimated by COVID-19

By |2020-07-13T15:48:14+10:00June 24th, 2020|Daily News|

Annual results from corporate travel booking platform Serko reveal a sector decimated by  COVID-19 with the recovery time frame exceptionally uncertain. The company predicts the Australasian market could still be operating at just  40% of previous volumes by March 2021 – nine months from now. As for the US and More ...

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Border Wars: Andrews’ SA Tourism Sledge Backfires after Vic COVID Surge

By |2020-07-13T15:48:54+10:00June 23rd, 2020|Daily News|

Victorian Premier Daniel Andrews, who last week lampooned South Australia as a tourist destination, looks like a fool this morning as COVID cases in Melbourne spike causing other states to issue a travel warnings to the city. Andrews had taken offense at South Australia’s decision not to admit Victorians (in More ...

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Qantas cuts international flights, situation a “mess” – Flight Centre

By |2020-07-13T15:50:53+10:00June 18th, 2020|Daily News|

Graham Turner, Flight Centre Qantas has cut all international flights except to New Zealand until at least October, prompting Flight Centre MD Graham Turner to say the situation is a “mess” and will “only get worse” for tourism. Australia’s largest airline confirmed the move after Federal Tourism Minister More ...

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Hilton to sack 2100 staff, CLIA claims cruise closures could cost $5bn

By |2020-07-13T15:51:29+10:00June 17th, 2020|Daily News|

Hilton Worldwide has announced it will shed 2100 ‘corporate’ jobs across its global network and extend current staff furloughs, reduced hours, and pay reductions for up to 90 days.  Christopher Nassetta, President & Chief Executive Officer of Hilton, said he was “devastated” that the staff cuts were made. More ...

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Australian domestic air capacity to reach 74% of 2019 levels by Dec

By |2020-06-12T13:25:55+10:00June 12th, 2020|Daily News|

In good news for local tourism operators, the Centre for Aviation (CAPA) predicts Australian domestic air capacity will reach 55% of 2019 levels by the October school holidays and 74% just before the Christmas break. CAPA’s Chairman Emeritus, Peter Harbison said Australia is well positioned to suppress the “first wave” More ...

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