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Impact of COVID-19 on hotel performance
STR has created an up-to-date report detailing the impact of COVID-19 on hotel performance in the Pacific region. Download the report here.
Draft Sustainable Visitation Strategy Report
The vision for Byron Shire’s Sustainable Visitation Strategy 2020-2030 is: “Byron Shire welcomes visitors and supports a visitor economy that cares for and respects our residents, creates low-impact visitor experiences, protects our natural environment, celebrates our cultural diversity and shares our social values." A draft report that went to Council recently details the Sustainable Visitation Strategy for Byron Bay, the first of its kind in Australia. It is written in line with the Global Sustainable Tourism Council’s criteria for [...]
US outlook for 2020: Coronavirus and the risk to hotels
The impact of the COVID-19 spread in recent weeks has been negative for nearly all hotel operators in the US. This report details how the hotel market recovered from past major shocks, such as 9/11 and the SARS outbreak. The report gives Byron hoteliers a bit of insight as to how deep and how long this storm may last. Different country, but much of it applies to Australia. You can download the presentation here.
Impact of the COVID-19 outbreak on the Pacific hotel industry
STR recently hosted a webinar detailing the impact of the COVID-19 outbreak on the Pacific hotel industry performance. You can download the presentation here.
CBRE’s Short Term Rental Report
The sharing economy – specifically the short-term rental (STR) market – is undoubtedly here to stay. What was first dismissed as an insignificant niche product, STRs have become a widely accepted form of accommodation. CBRE’s short-term rentals report examines the growth of this maturing market and its effect on the performance of established and new hotels. Check out the full report here.