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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: 18 June 2018

    From the desks of the Hotel News Now editorial staff:

    • LaSalle board still supporting Blackstone transaction
    • Hawaii hotels have yet to feel direct volcanic impact
    • Global stocks, oil dip as US-China trade dispute escalates
    • Tourism boom expected in Sweden
    • Columbus needs more rooms to keep sports tournaments

    Hyatt Place updates include wellness, loyalty perks

    Next-generation Hyatt Place designs, set to appear in the market next year, incorporate new design elements for guestrooms and lobbies, and also a variety of wellness-focused amenities and loyalty privileges.

    What hoteliers can do when crises strike

    The U.S. has been hit with the longest streak of crises—mass shootings, natural disasters and security breaches—in the past decade. Hoteliers need to better prepare and develop plans for not if, but when crises strike.

    5 things to know: 15 June 2018

    From the desks of the Hotel News Now editorial staff:

    • Culinary union workers approve new contract with Caesars
    • Wage increases in Europe bolster central bank’s confidence
    • 3 F&B pairings that spice up summer menus
    • US, Canadian hotel results for week ending 9 June
    • Study finds business travel can make people depressed

    LIIC: Execs look at M&A in a sellers’ market

    Tax reform, strong stock prices for publicly listed companies and the easy ability to refinance have changed some dynamics in the hotel industry, according to experts speaking during the recent Lodging Industry Investment Council meeting.

    5 things to know: 14 June 2018

    From the desks of the Hotel News Now editorial staff:

    • Fed increases interest rates, signals more to come
    • Hoteliers try to manage influx of influencer requests
    • A history of the ever-evolving Hampton by Hilton brand
    • US retail sales see month-to-month increase in May
    • Airbnb delivers $15.3 million in hotel taxes to Texas

    Hampton’s evolution from economy to an industry leader

    Hampton by Hilton has come a long way since 1984, when it started as an economy brand under the Holiday Corporation. In this brand history, executives and owners talk about how Hampton’s growth has influenced the industry.

    Hoteliers shrug off political, economic uncertainties

    During a recent panel discussion at Michigan State University, hotel company executives talked about promising signs they’re seeing for the industry and economic climate, as well as new opportunities to control costs.

    STR: Canada hotel results for week ending 9 June

    Canada's hotel industry reported occupancy rose 1.2% to 74.6% during the week of 3-9 June, while ADR increased 6.8% to 180.37 Canadian dollars ($138.71) and RevPAR increased 8.2% to CA$134.57 ($103.48).

    STR: Preliminary May data for London hotels

    Preliminary May data from STR shows hotels in London reported occupancy decreased 1% to 82.3%, ADR decreased 4.1% to £146.51 ($195.33) and RevPAR decreased 5% to £120.59 ($160.77).

    STR: Preliminary May data for Hong Kong hotels

    Based on preliminary May data from STR, Hong Kong's hotels saw occupancy increase 2.2% to 84.8% during the month. ADR increased 9.2% to 2,336.05 Hong Kong dollars ($297.67) and RevPAR rose 11.6% to HK$1,133.61 ($144.45).

    STR: Preliminary May data for Sydney hotels

    Hotels in Sydney reported occupancy rose 2.3% to 84.3% in May, according to preliminary STR data. ADR increased 7.7% to 214.48 Australian dollars ($162) and RevPAR rose 10.1% to AU$180.85 ($136.60).

    STR: Preliminary May data for Berlin hotels

    Preliminary STR data for May shows hotels in Berlin reported occupancy dropped 3.3% to 78.7%, ADR decreased 0.4% to €103.55 ($121.39) and RevPAR fell 3.7% to €81.51 ($95.56).