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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: 24 July 2017

    From the desks of the Hotel News Now editorial staff:

    • OTAs move to increase short-term rental offerings
    • US, UK growth projections downgraded
    • Owners consider the benefits, costs of loyalty programs
    • Questions remain as health care debate looms in Senate
    • Dublin expects another 3,000 hotel rooms by 2020

    Joys of being: biz clichés, new taxes and comic heroes

    Hotel News Now needs to cover the entire hotel industry to keep its busy readers apprised of all developments—which this week include babies named after taxes, clichés that litter the conference circuit and superheroes blazing their ways to your city.

    IREFAC: No cycle-ender in sight

    Members of the Industry Real Estate Financing Advisory Council said they understand why people are concerned about the length of the current cycle, but there’s no single thing they can point to that might end it.

    5 things to know: 21 July 2017

    From the desks of the Hotel News Now editorial staff:

    • Hersha buys Westin Philadelphia for $135m
    • 3 factors reshaping hotel REITs
    • Club Quarters Hotels may have been hit by data breach
    • MGM Resorts joins S&P 500 index
    • Hidden resort fees, charges increasing

    ALIS update: The reshaping of hotel REITs

    Public-to-public mergers, private equity acquisitions and new entrants into the world of hotel real estate investment trusts are reshaping the landscape, according to panelists who spoke at the recent ALIS summer update in Boston.

    5 things to know: 20 July 2017

    From the desks of the Hotel News Now editorial staff:

    • Refugee ban in place with exemptions for relatives
    • Hotel execs say healthy workplace culture starts at top
    • Transat to sell 35% interest in Ocean Hotels to H10 Hotels
    • US, Canada weekly performance results
    • Ivory Coast building boom results in crocodile relocation

    STR: US hotel performance for Q2 2017

    In the second quarter of 2017, the U.S. hotel industry reported occupancy rose 0.5% to 69.5%, ADR increased 2.2% to $127.43 and RevPAR rose 2.7% to $88.58 when compared to Q2 2016.

    STR: US hotel results for week ending 15 July

    The U.S. hotel industry reported mostly positive year-over-year performance during the week ending 15 July. Occupancy was mostly flat (-0.1% to 77.4%), while a 1.7% ADR increase to $130.76 drove RevPAR up 1.6% to $101.15.

    STR: Canada hotel results for week ending 15 July

    For the week of 9-15 July, the Canadian hotel industry reported mostly positive year-over-year performance. Occupancy was mostly flat (+0.1% to 79.2%), but ADR rose 1.3% to 172.67 Canadian dollars ($136.93) and RevPAR increased 1.3% to CA$136.79 ($108.48).

    A roundup of US hires, promotions

    In this roundup: Hilton hires two VPs of focused-service brands; new GMs in Portland, Oregon, and National Harbor, Maryland; and more.