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Hotel News Now

Below are the latest press releases from STR Global. 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: 26 June 2017

    From the desks of the Hotel News Now editorial staff:

    • Wanda to buy £470m London site adjacent to previous buy
    • Dubai court bans hotel owner from barring operator
    • US extended-stay segment remains in good health
    • US Supreme Court’s final day to decide on travel ban
    • Mediterranean hotels threaten to ban ‘sick-tummy’ Brits

    After a rough 2016, Miami hoteliers hoping to rebound

    Miami hotels took a hit in 2016 when a conflux of surging supply, Zika virus fears and political strife in Brazil siphoned off demand. But new infrastructure, including a redesigned and expanded convention center, might signal better times ahead for the market.

    Airbnb: Another step deeper into hotelier territory

    Rumors are circulating that Airbnb is about to step into tiered segments, brand standards and upscale and villa rentals. Is this another cry to hoteliers to up their games, or to regulators to further analyze the rulebooks?

    5 things to know: 23 June 2017

    From the desks of the Hotel News Now editorial staff:

    • Senate Republicans working on votes for health-care bill
    • Nation awaits Supreme Court decision on travel ban
    • 5 factors shaping the hotel distribution landscape
    • Pebblebrook closes sale of the Dumont NYC for $118m
    • British pound struggles under Brexit turmoil

    STR: Europe hotel performance for May 2017

    The European hotel industry reported positive year-over-year performance metrics during May 2017. Occupancy rose 3.5% to 75.6%, ADR increased 4.8% to €114.35 ($127.85) and RevPAR jumped 8.5% to €86.47 ($96.68).

    STR: Middle East/Africa hotel performance for May 2017

    In May, the Middle East hotel industry reported occupancy 5.9% to 64.4%, ADR fell 2.5% to $150.47 and RevPAR dropped 8.2% to $96.88. Africa, on the other hand, despite posting a 0.9% occupancy dip to 55.2%, saw a 11.6% ADR increase to $99.20 drive a 10.5% RevPAR increase to $54.76.

    Midscale renaissance or race to the bottom?

    Hotel companies seem eager to roll out new midscale brands these days, and it’s fair to wonder whether that’s a collective recognition of the opportunities in that segment or if they’re preparing for a drop in consumers’ spending power.

    Aimbridge acquires TMI Hospitality

    The deal will give Plano, Texas-based Aimbridge Hospitality more than 700 hotels comprising more than 80,000 guestrooms in its portfolio.

    5 things to know: 22 June 2017

    From the desks of the Hotel News Now editorial staff:

    • Report on REITs shows concerns over Trump
    • Airbnb expected to launch premium service
    • LIIC members weigh in on politics, labor environment
    • Tropical storm Cindy moves inland in Gulf Coast
    • Record travel projected for Fourth of July weekend