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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: 19 January 2018

    From the desks of the Hotel News Now editorial staff:

    • Marriott celebrates record global expansion in 2017
    • HNA Group hires bank to sell stake in NH Hotel Group
    • Baby boomers care about health, experiences when traveling
    • Iberostar Hotels & Resorts launches new brand strategy
    • Settlement reached in lawsuit over Hotel California

    Banyan Investment bets on ‘recession-resistant’ growth

    Officials with Banyan Investment Group believe they can double the size of their owned and operated portfolio within three years, and the types of properties and markets they target insulate the company from the effects of cycle dynamics.

    5 things to know: 18 January 2018

    From the desks of the Hotel News Now editorial staff:

    • Wyndham to acquire La Quinta’s fee business for $1.95 billion
    • Keith Cline named as CEO for CorePoint Lodging
    • Country Inns & Suites renamed to include Radisson
    • Premier Inn cites tight UK market for more sober growth
    • Number of US unemployment claims hit 45-year low

    Wyndham eyes growth with $1.95b La Quinta deal

    Wyndham Hotel Group and La Quinta Holdings CEOs talked with Hotel News Now about what the acquisition of La Quinta’s hotel franchise and management business will mean for the companies.  

    STR: Canada hotel results for week ending 13 January

    The Canadian hotel industry reported occupancy rose 2% to 49.9% during the week of 7-13 January, while ADR jumped 5.4% year over year to 141.11 Canadian dollars ($113.21) and RevPAR increased 7.5% to CA$70.44 ($56.51).

    UK hoteliers enter 2018 anticipating new labor laws

    With the U.K. government enforcing new legislation on businesses, hoteliers will see more opportunities ahead if they keep on top of political and legal whims, changes and interpretations in regards to wages, salaries and licensing procedures.

    UNWTO: Global tourism up in 2017

    The UNWTO said international tourism boasted robust growth last year and the sector should register continued increases in 2018.

    Wyndham, La Quinta announce $1.95-billion acquisition

    In a definitive agreement announced today, Wyndham Worldwide will acquire La Quinta Holdings' hotel franchise and hotel management businesses for $1.95 billion in cash. The acquisition is expected to close in the second quarter of 2018.

    STR: US hotel results for week ending 13 January

    The U.S. hotel industry reported mostly positive performance results during the week of 7-13 January. Occupancy rose just 0.2% to 56.7%, ADR increased 5.4% to $129.08 and RevPAR rose 5.5% to $73.16.

    US hotel management contracts list

    Updates to this list include: Two new Crescent properties; Hotel Equities signs hotels in Florida, Oklahoma; Teneo takes over Pinehurst; and more. 

    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.