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Below are the latest press releases from STR. Please select a headline to read the full article. To see the complete archive of press releases, please click here.  For all other news on the hotel industry please go to www.HotelNewsNow.com.

 

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    5 things to know: 17 January 2018

    From the desks of the Hotel News Now editorial staff:

    • Jumeirah names Four Seasons exec as CEO
    • Dalian Wanda sells interest in London luxury project
    • India's hotel industry poised for growth
    • Organizations partner to lobby for international travel
    • Kimpton ends Guppy Love guest program

    International travel to US target of new lobbying group

    The Visit U.S. Coalition, a joint group including the U.S. Travel Association, the American Hotel & Lodging Association, the Asian American Hotel Owners Association, and the U.S. Chamber of Commerce, was announced Tuesday with the stated goal of increasing the U.S.’ share of international travel.

    Marketing, infrastructure needed for Sri Lanka

    Even during its civil war, Sri Lanka enjoyed good tourism numbers from those seeking sun and island beauty, but now that peace is the norm, hoteliers there hope for sustained global travel growth.

    A new industry upswing has begun

    Hotel performance data shows the U.S. hotel industry has survived a soft landing in 2016 and is actually on a path toward a small upswing.

    5 things to know: 16 January 2018

    From the desks of the Hotel News Now editorial staff:

    • Marriott pulls decorative book from ski resort in China
    • Battle over Trump hotel in Panama continues
    • Sustainability-minded hoteliers saying goodbye to plastic
    • The Waldorf Astoria Edinburgh – The Caledonian sold for £85m
    • Ballistic missile scare unlikely to hurt travel to Hawaii

    Sustainability-conscious hoteliers purging plastic

    Something as small as a plastic straw can add up to a big problem for the environment, so some sustainability-minded hoteliers have eliminated them in favor of biodegradable alternatives and taken other small steps to reduce their environmental footprints. 

    US hotel renovations list

    Updates to this list include: the completion of phase one of a $60-million renovation; a planned renovation for the recently acquired The James New York - Soho; two Miami Beach projects; and more. 

    5 things to know: 12 January 2018


    From the desks of the Hotel News Now editorial staff:

    • Sorenson acts to placate Chinese anger
    • Hotel stocks show big 2017 growth
    • US hotel construction on the decline
    • German Commerz Real buys first assets from €2 billion fund
    • IHG exits Nigeria

    STR: Preliminary December data for Munich hotels

    Hotels in Munich reported positive year-over-year results during the month of December, according to preliminary data from STR. Occupancy increased 0.3% to 68.7%, ADR grew 4.9% to  €118.24 ($143.47) and RevPAR saw a gain of 5.2% to €81.27 ($98.61). 

    STR: Preliminary December data for Singapore hotels

    Hotels in Singapore reported mixed year-over-year results in December, according to preliminary data from STR. Occupancy grew 0.3% to 76%, while ADR dropped 2.1% to 275.02 Singapore dollars ($206.76) and RevPAR decreased 1.8% to 209.01 Singapore dollars ($157.13). 

    STR: Preliminary December data for Melbourne hotels

    Hotels in Melbourne, Australia, reported positive year-over-year performance in December, according to preliminary data from STR. Occupancy grew 0.8% to 81.8%, ADR rose 2.1% to 192.94 Australian dollars ($152.21) and RevPAR increased 3% to 157.80 Australian dollars ($124.49). 

    STR: U.S. hotel room construction on the decline

    According to pipeline data from STR, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for three consecutive months. Overall, there were 179,979 rooms in construction across 1,400 hotels for the month of December.