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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: 25 March 2019

    From the desks of the Hotel News Now editorial staff:

    • How owners, brands view rising costs, economic outlook
    • Stocks expected to open lower
    • Caribbean hotel industry set to have better 2019
    • Detroit awaits a large-scale hotel
    • Daytona hotels see less weekday bookings for Bike Week

    Owners, brands worry about rising costs, recession

    During the opening general session of the Hunter Hotel Conference, executives from hotel ownership and brand companies discussed the innovation needed to overcome margin erosion, when they think the cycle might end and the state of Airbnb.

    STR: Middle East/Africa hotel data for February 2019

    Middle East hotels saw occupancy increase 3.3% to 72.2% in February as ADR dropped 6.3% to $150.13 and RevPAR declined 3.3% to $108.38. But hotels in Africa reported occupancy rose 2.2% to 61.9%, ADR increased 4.3% to $117.42 and RevPAR climbed 6.6% to $72.67. 

    STR: Unfavorable outlook for Kuala Lumpur hotels

    Data from STR shows during the first two months of 2019, Kuala Lumpur reported year-over-year declines across all three performance metrics. Occupancy dropped 7.4% to 63.4%, and a 3.9% decrease in ADR to 330.85 Malaysian ringgits ($82.48) drove RevPAR down 11.1% to 209.63 Malaysian ringgits ($52.26). 

    A hidden area, language, people one hour south of IHIF

    A trip south of Berlin before the start of the International Hotel Investment Forum revealed a minority language, invasive rodents, a diaspora in Texas and cucumber as an art form. Also, high praise for The Langham, London.

    5 things to know: 22 March 2019

    From the desks of the Hotel News Now editorial staff:

    • EU agrees to UK Brexit delay to 22 May
    • UK joins US and keeps interest rate rises on hold
    • Grab-and-go, social media remain F&B top trends
    • Weekly performance results for US, Canadian hotels
    • Hotel creates contest for guests to return stolen items

    CorePoint positions portfolio to maximize value

    As the company accomplished a number of goals it set for itself during the last half of 2018, CorePoint Lodging’s leadership shared the company’s two strategic initiatives for its portfolio in 2019.

    5 things to know: 21 March 2019

    From the desks of the Hotel News Now editorial staff:

    • US interest rates ‘unlikely to raise’ in 2019
    • Costs and margins dominate talk at Hunter Conference
    • New York City’s Chrysler Building might become a hotel
    • South Korea hotel-room filming scandal explodes
    • 100 million Americans to take vacations in 2019

    STR: Canada hotel results for week ending 16 March

    The Canadian hotel industry reported occupancy fell 3.6% to 60.9% during the week of 10-16 March, while ADR was down 1.4% to 144.12 Canadian dollars ($107.91), and RevPAR declined 4.9% to CA$87.75 ($65.70).