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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: 13 January 2017

    From the desks of the Hotel News Now editorial staff:

    • Louvre-Sarovar deal means Chinese growth in India
    • NYC’s hotel market makes a comeback
    • US hotel results for week ending 7 January
    • Ice storm could stop US travel
    • Travel industry seeks Trump's aid

    Louvre’s Sarovar buy marks rare Chinese-Indian deal

    Owned by Jin Jiang, Louvre Hotels Group has announced a majority buy into Sarovar Hotels, which is being portrayed as the first direct Chinese investment in the Indian hotel industry, in a deal rumored to be an approximately $50-million buy for a 74% stake.

    STR: C./S. America hotel pipeline for December 2016

    Central and South America reported 62,861 rooms in 403 projects under contract in December 2016. The total represents a 15.1% decrease in rooms under contract in the region compared with December 2015.

    STR: Caribbean/Mexico hotel pipeline for December 2016

    In December 2016, the Caribbean/Mexico region reported 31,570 rooms in 188 projects under contract. The total represents a 10.5% year-over-year increase in rooms under contract compared with the same month in 2015.

    5 things to know: 12 January 2016

    From the desks of the Hotel News Now editorial staff:

    • Trump lays out transition, plans to donate
    • Labor climate, HR issues in the new year
    • The markets with the most openings in 2017
    • Whitbread announces two sale-leasebacks
    • Hotels’ future is robot butlers and supersonic travel

    Business-friendly labor climate expected under Trump

    Legal experts expect some of the biggest labor issues—the redefinition of joint employer, proposed overtime changes and the possibility of a minimum-wage increase—to take a turn more favorable to the business community under the administration of President-elect Donald Trump.

    Hoteliers face new HR challenges in 2017

    While other labor issues might be at the forefront of hoteliers’ minds heading into 2017, the potential repeal of the Affordable Care Act, political tension in the workplace, low unemployment and other human resources challenges should also be on their radar.

    STR: US hotel pipeline for December 2016

    The United States pipeline for December 2016 shows 560,199 rooms in 4,621 projects Under Contract, a 19.4% increase compared with December 2015, according to STR data.

    STR: Canada hotel results for week ending 7 January

    The Canada hotel industry saw ADR rise 7.0% to CAD135.34 ($103.53) and RevPAR grow 6.7% to CAD53.54 ($40.96), despite nearly flat occupancy, for the week of 1-7 January, according to year-over-year comparisons by STR. 

    STR: US hotel results for week ending 7 January

    In year-over-year comparisons, according to STR, U.S. hotel occupancy fell 3.2% to 47.1%, while ADR rose 4.5% to $117.08 and RevPAR increased 1.1% $55.13 for the week of 1-7 January.