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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: 16 October 2017

    From the desks of the Hotel News Now editorial staff:

    • Lugar named to federal task force on apprenticeships
    • Prepared hoteliers best set to outride downturns
    • China orders Wanda to close two resort golf courses
    • Yellen predicts rate increases with strong economy
    • Pentahotels taps Staal as president

    Consultants offer advice for getting ahead of downturn

    Hotel owners, operators and developers should focus on basics while not overemphasizing key metrics as they plan for an industry downturn, according to International Society of Hospitality Consultants who participated in a roundtable discussion.

    Hoteliers mobilize teams, connections to do good

    For these hotel companies, philanthropy might start at the top, but it doesn’t end there. Hoteliers share how they motivate their teams to get involved, and use their connections within the industry to make a difference. 

    Choice centers Europe growth on four known brands

    Choice Hotels International’s growth in Europe centers on targeting its top business clients, providing opportunities for leisure travelers to dream and expanding four pillar brands to become household names in the continent. 

    5 things to know: 13 October 2017

    From the desks of the Hotel News Now editorial staff:

    • MGM disputes shooting timeline
    • Hyatt suffers new data breach
    • Hoteliers put a piece of themselves in charitable works
    • HNA pursued Mantra before AccorHotels deal
    • Airbnb profitability under the microscope in NYC

    Hoteliers bring passion, skills to philanthropy

    Current and former hotel company executives are doing good in their communities and around the world. But they agreed it’s more than the right thing to do; it also makes good business sense. 

    5 things to know: 12 October 2017

    From the desks of the Hotel News Now editorial staff:

    • AccorHotels confirms Mantra deal
    • California wildfires continue to spread
    • Green projects can get funding with CPACE
    • US hotels see KPIs increase across the board
    • HNA Group barred from using money from insurance subsidiary

    STR: Preliminary September data for London hotels

    Preliminary data from STR shows London hotels saw occupancy decrease 1.6% year over year to 86.9% during September. ADR rose 1% to £165.39 ($217.35), but RevPAR decreased 0.6% to £143.69 ($188.84). 

    STR: Preliminary September data for Berlin hotels

    Berlin's hotel market posted negative year-over-year performance in September, according to preliminary data from STR. Occupancy declined 1.7% to 88.5%, ADR decreased 7.9% to €121.73 ($144.19) and RevPAR dropped 9.6% to €107.73 ($127.59).

    STR: Preliminary September data for Jeddah hotels

    Hotels in Jeddah, Saudi Arabia, reported occupancy rose 3.5% in September to 70.2%, based on preliminary data from STR. ADR in the market rose 12.3% to 1,218.79 Saudi Arabian riyals ($324.89) and RevPAR increased 16.2% to 855.49 Saudi Arabian riyals ($228.09).