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Travel Daily News
23-05-2025
- Business
- Travel Daily News
IDeaS achieves 426% growth in Greece through strategic hotel partnerships
IDeaS reports 426% growth in Greece, driven by strong hotel demand for revenue optimization tools amid rising tourism performance. ATHENS – IDeaS, a SAS company and the world's leading provider of hospitality revenue management software and services, reports record-breaking growth in Greece. This rapid expansion is driven by a wave of strategic hotel partnerships and increasing demand for sophisticated solutions tailored to optimize revenues for properties of all sizes and operating models. Between 2023 and 2024, IDeaS reported a 426% increase in year-on-year revenue, reflecting the company's growing influence in southern Europe's vibrant hospitality sector. Over this period, the business closed 27 new deals in Greece. IDeaS' growth aligns with Greece's tourism sector, which reached new heights in 2024, welcoming approximately 35.9 million international visitors and generating 21.7 billion euros in tourism revenue, surpassing previous records. The Athens market alone saw strong growth with average hotel occupancy reaching 78%, an 8.9% increase in the average daily rate (ADR) to 149.26 euros, and an 11.4% rise in revenue per available room (RevPAR) to 116.48 euros. Michael McCartan, Area Vice President, EMEA, IDeaS, said: 'Our performance in Greece has been nothing short of extraordinary. The appetite for dynamic, technology driven revenue management strategies is growing fast, and our clients are seeing the results. We're proud to support this transformation with solutions that empower hoteliers to adapt quickly, boost profitability, and elevate guest experiences.' IDeaS' growth in 2024 was anchored by a series of significant client acquisitions across the hospitality spectrum. These wins demonstrate the company's ability to deliver tailored revenue management solutions to a wide variety of property types, from boutique and lifestyle accommodations to expansive resort groups and multi-property portfolios. This momentum has continued into 2025, with further additions strengthening IDeaS' presence across both established and emerging markets. As Greek hoteliers face rising operating costs, tighter lending conditions and a rapidly evolving digital distribution landscape, investment in revenue management technology is increasingly seen as strategic necessity. By leveraging advanced demand forecasting to guide dynamic pricing, inventory, and distribution decisions – down to the room-type and market-segment level – operators gain the agility to respond to shifting market dynamics and drive more sustainable, long-term growth.
Hospitality Net
07-05-2025
- Business
- Hospitality Net
New Zealand Hotel Holdings Leading Hotel Portfolio Available for the First Time
New Zealand – Leading New Zealand hotel group NZ Hotel Holdings (NZHH) is divesting its nationwide portfolio of hotel assets. The opportunity is the largest hotel portfolio ever brought to market in New Zealand, presenting a once in-a-generation opportunity for investors to deploy capital into high-quality assets across a diversity of market segments. CBRE's Michael Simpson, Peter Hamilton and Nick Hill are managing the sale via an International Expressions of Interest Campaign. The sale is aligned with the investors' strategy to develop high quality assets and to re-invest the proceeds of those developments into further growth opportunities. NZ Hotel Holdings is a partnership between NZ Super Fund, Russell Property Group and the Lockwood Property Group, formed in 2019 to develop New Zealand hotel assets to support domestic and international tourism in New Zealand. The unparalleled combination of experience of the partners has meant that complexities of acquiring, structuring, seismically strengthening and delivering a unique portfolio of world-class investment grade hotels has been mitigated for the new owner. Its portfolio comprises market-leading Auckland hotels Four Points by Sheraton, QT Auckland, and Adina Apartment Hotel Britomart, as well as Rydges Rotorua and Rydges Wellington, Sofitel Queenstown Hotel and Spa, and BreakFree on Cashel in Christchurch. The New Zealand Government has demonstrated robust support for the growth of tourism, which was formerly the nation's largest export earner. New international tourism campaigns targeting high population and high-value markets, such as India, China, and the USA, along with increased sector funding, are anticipated to enhance international visitation and drive hotel demand. With tourism now back on a growth curve, strong market fundamentals with increased international interest, the opportunity is here to pass on the portfolio to an investor seeking scale, geographic diversity and holistic coverage of New Zealand's key tourism markets. NZHH Chief Executive Marcus Reinders Recent benchmarks such as the record-setting sale of the InterContinental Auckland Hotel supports this view. This is the largest and most comprehensive portfolio of investment grade hotels ever brought to market in New Zealand. New Zealand is an aspirational travel destination, world-renowned for its stunning natural landscapes, diverse wildlife, and rich cultural heritage. The portfolio offers expansive coverage of all of New Zealand's major markets, with the portfolio hotels appealing to business and leisure travelers across all market segments. Michael Simpson, Managing Director of CBRE Hotels Pacific The International Expressions of Interest Campaign closes on Thursday 26th June 2025 at 4pm NZST. About CBRE Group, Inc. CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world's largest commercial real estate services and investment firm (based on 2023 revenue). The company has more than 130,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at Katherine Yu Senior Manager, External Communications, Asia +852 2820 1512 CBRE Hotels
