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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: 23 October 2017

    From the desks of the Hotel News Now editorial staff:

    • House members to vote on Senate budget, tax reform
    • Hotels see business from Day of the Dead, Halloween
    • Google launches ‘Pay with Google’ platform
    • Q3 numbers for Europe, Middle East/Africa
    • Quality Inn’s 1,500th property opens in North Dakota

    STR: Middle East/Africa hotel performance for Q3 2017

    During Q3 2017, hotels in the Middle East reported occupancy fell 2.8% to 60.9%, and an 8.1% ADR decrease to $145.50 drove RevPAR down 10.7% to $88.61. Africa's hotel industry, on the other hand, reported occupancy rose 4.9% to 61.4% during the quarter, while ADR rose 10.1% to $97.79 and RevPAR increased 15.5% to $60.

    STR: Europe hotel performance for Q3 2017

    In the third quarter of 2017, Europe's hotels saw occupancy increase 2.2% year over year to 79.2%, while ADR rose 4.5% to €119.17 ($139.89) and RevPAR climbed 6.9% to €94.36 ($110.77).

    Brexit forces UK hoteliers to nitpick everything

    The U.K.’s Brexit negotiations continue to divide, but amid bickering by politicians, hoteliers see hope and realize, as far as their businesses are concerned, the ball has to be in their court.

    Discount supermarket chain Lidl enters aparthotel world

    Is there a space in the hotel world for discount European supermarket aparhotels? And if IHG is serious about adding a soft brand to its stable, where on Earth will it be able to find a good brand name that isn’t already taken?

    Q3: IHG sees good pace, ponders soft brand, more luxury

    According to its third-quarter 2017 numbers, InterContinental Hotels Group notched strong RevPAR, openings and signing numbers during the quarter. Executives also said a soft brand and luxury brand may be in the works. 

    5 things to know: 20 October 2017

    From the desks of the Hotel News Now editorial staff:

    • Accor reports sound numbers, awaits AccorInvest cash
    • IHG sees RevPAR rise 2.3% in Q3 numbers
    • US hotels see continued boost across all metrics
    • Interstate launches lifestyle division Intrigue
    • 50% of business travelers still favor rogue bookings

    IHG promises growth with Kimpton loyalty merger

    InterContinental Hotels Group officials hope to see greater interest in both IHG’s legacy brands and Kimpton Hotels & Restaurants after the two sides merge loyalty programs in early 2018.

    STR: Canada hotel results for week ending 14 October

    The Canadian hotel industry reported occupancy rose 5.8% year over year to 68.6% during the week of 8-14 October 2017. ADR increased 7.7% to 153.29 Canadian dollars ($122.81) and RevPAR jumped 14% to CA$105.17 ($84.26) during the week.

    5 things to know: 19 October 2017

    From the desks of the Hotel News Now editorial staff:

    • Luxury Myanmar hotel burns to ground
    • Property manager seeks Airbnb ban in Southern California
    • Indie hoteliers combat owner-operator friction
    • IHG to debut Kimpton in Southeast Asia
    • Travel offerings need to broaden to absorb spend

    STR: US hotel performance for Q3 2017

    The U.S. hotel industry reported occupancy rose 0.5% to 71.4% in the third quarter, while ADR increased 1.4% to $129.12 and RevPAR rose 1.9% to $92.20.