TravelNewsAsia.com
Wed, 2 Aug 2017

Sydney Hotel Rates Jump as Occupancy Squeeze Hits

Travellers could well face stiffer hotel bills in Sydney this year, with rates surging by 8.7% in the first quarter of 2017.

Analysis from 4th Dimension, Flight Centre Travel Group's (FCTG) business travel consulting division, showed average nightly rates had risen to AU$270 with occupancy levels topping out at more than 90%.

The figures represented the highest increase in the Sydney accommodation market since 1996.

Corporate Traveller General Manager Jess Anscombe said business travellers were especially vulnerable to the fluctuations with the uptick having strong implications for companies that regularly need accommodation in Sydney.

Amazing view from a luxurious Full Harbour Suite at the Four Seasons Hotel Sydney

"Sydney is now one of the highest occupied accommodation markets in the world. It even outranks New York, London and Hong Kong," Jess said. "As the number one business hub in Australia, travellers need to start booking accommodation as early as they possibly can to avoid being caught in the highest rate buckets. Companies with high volume requirements should look to consolidate with a small number of preferred hotels and lock in negotiated rates. For those with lower booking frequency, moving to a best rate of the day purchasing strategy will be a great help. While you may not always be kicking back in luxury, it's a great insulator against higher rates."

The analysis cited increases in domestic and international business travellers, a boom in tourism and leisure travel activity, higher demand for Sydney's 5-star hotels due to the weaker Australian dollar and flat supply as the key factors for the surge in demand.

Ms Anscombe said selecting properties outside the CBD, like in the Sydney Airport precinct, was also a good tactic for maintaining convenience and accessing affordable rates.

"Airport hotels can often be up to 35% lower, and 50% lower in some cases, than CBD properties," Jess added. "Linking your accommodation spending to frequent flyer points earning is also a great way to help alleviate the burden of a Sydney business trip."

See other recent news regarding: Flight Centre, Sydney, Australia, RevPAR, ADR.

Subscribe to our Latest Travel News Daily Email Free of Charge by simply entering your email address to the right. You can also stay updated with our RSS Feed Free Travel News RSS Feed and even add the travel news to your website. Have questions? Please read our travel news FAQ.
     
Exclusive HD video interview with Mr. Fumihiro Sakakibara, General Manager - Japan, Macao Government Tourism Office. Aviation industry update from the Group CEO of AirAsia, Mr. Tony Fernandes, and Gary Chapman, Emirates' President Group Services and dnata. Exclusive HD video interview with Mr. John R. Rolfs, General Manager of The Ritz-Carlton, Tokyo and Vice President Japan & Korea. In this interview, filmed in a luxurious suite at The Ritz-Carlton, Tokyo on Sunday, 24 September 2017, we ask Mr. Rolfs to tell us more about the property.
Macao Tourism Update Aviation: AirAsia and Emirates The Ritz-Carlton, Tokyo
What exactly is going to happen to The Dusit Thani Bangkok hotel, when will it close, what about the staff, when will the new Dusit Thani Bangkok open and what will it be like? In this exclusive HD video interview with Ms. Sukanya Janchoo, General Manager of The Dusit Thani Bangkok, Steven Howard of TravelNewsAsia.com asks Khun Sukanya about the hotel, its markets, RevPAR and these major changes. Travelodge Hotels Asia’s Brands and Expansion Plans - Exclusive HD Video Interview with Stephen Burt, Chairman. Exclusive HD video interview with Alejandro Bernabe, Group Director of Avani Hotels and Resorts. We talk about Avani Hotels' future plans and what exciting new developments are in the pipeline. You will also learn that Avani is about to announce a new sub brand, is currently building its first resort with private pool villas and what the group's position is on new technology.
Dusit Thani Bangkok Travelodge Hotels Asia Avani Hotels & Resorts
Jonathan Wigley, CEO of Travelodge Thailand, outlines expansion plans in HD Video Interview. Exclusive HD video interview with Myanmar's Minister of Tourism and Hotels, H.E. U Ohn Maung, about the status of tourism in the beautiful and mystical country of Myanmar (formerly known as Burma). Birth of a Luxury Thai Hotel Brand - HD Video Interview with Christopher E. Stafford, Chief Operating Officer of the newly formed 137 Pillars Hotels & Resorts.
CEO of Travelodge Thailand Myanmar Tourism Update Birth of Luxury Thai Hotel Brand
This HD video tour of Thai AirAsia X's brand new 337-seat Airbus A330-300 aircraft was filmed at Don Mueang Airport in Bangkok, Thailand on 14 May 2014  Exclusive HD video interview with Jaime J. Bautista, President & Chief Operating Officer (COO) of Philippine Airlines (PAL) HD video of the interior and exterior of a Thai Vietjet Airbus A320-200.
Thai AirAsia X A330-300 PAL President & COO Thai Vietjet A320-200
Inside Qatar Airways Boeing 787-8 Dreamliner - HD Video It takes 800 workers between 65 and 80 days to assemble, install, test, paint, furnish and deliver an Emirates Airbus A380. Showers, Bars, Lounge - The Emirates Airbus A380 Has Them All - HD Video Tour Thai Airways International Takes Delivery of Brand New Boeing 777-300ER
Qatar Airways B787 Emirates A380 Thai Airways B777-300ER
Latest Travel News
Advertising
Advertising
Copyright © 1997-2017 ASIATravelTips.com/TravelNewsAsia.com