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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.

 

Latest News

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    5 things to know: 24 May 2019

    From the desks of the Hotel News Now editorial staff:

    • Theresa May to resign as UK prime minister in June
    • How hoteliers are prepping for summer travelers
    • TWA Hotel is off the grid with its own power plant
    • Hyatt launches new lifestyle division
    • Report states new tariffs will cost households $831

    Huazhu Group closes 60 hotels in Q1

    Executives on Huazhu Group’s first-quarter earnings call said the company closed 60 hotels during the quarter, with 22 closed due to property-related issues, rezoning and lease expirations.

    Don’t be like Baltimore

    Although not as prevalent an attack as hackers looking to steal guests’ personal information, recent news about ransomware should motive hoteliers to test their security.

    5 things to know: 23 May 2019

    From the desks of the Hotel News Now editorial staff:

    • A look at road congestion, impact on travel
    • Bankruptcy of Wow Air puts strain on Iceland’s tourism
    • Third-party operators eyeing high-end segments
    • Trip bundling gains popularity
    • Hard Rock to open first-ever guitar-shaped hotel

    STR: April 2019 Middle East/Africa hotel performance

    Hotels in the Middle East grew occupancy by 4.1% to 74.6% in April as ADR declined 7.1% to $148.28 and RevPAR decreased 3.3% to $110.62. Africa hotel occupancy rose 0.8% to 62.1%, ADR jumped 8.1% to $116.18 and RevPAR rose 9% to $72.15 for the month.

    Caribbean allure remains but investors must be flexible

    Executives speaking at the 2019 Caribbean Hotel & Resort Investment Summit said there is plenty of reason for optimism in the Caribbean even if there are still barriers to institutional capital in some parts of the region.

    REIT execs on buying and selling assets

    Executives with hotel real estate investment trusts shared their insights on the environment for acquiring and disposing of assets during recent earnings calls.

    Active US hotel lenders

    Updates to this list include: Trez Capital funds Phoenix opportunity zone project; and more.

    How boutique hotels build unique F&B programs

    From creating unique menus to finding glassware to prevent condensation for outdoor outlets, boutique hoteliers detail the steps taken to build a good F&B program at hotels with multiple outlets.