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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: 24 April 2017

    From the desks of the Hotel News Now editorial staff:

    • RLJ to buy FelCor
    • Real estate tax cuts could be tricky
    • Growth of asset management smooths owner-brand relations
    • European hotels enjoy strong Q1
    • Developers keyed in on upscale select service

    Barceló buys back stake in Crestline to own 100%

    A Barceló Hotel Group executive said the deal to buy back the 60% of Crestline Hotels & Resorts that it sold off four years ago comes at the right time, and is a logical step in the Spanish company’s plans to relaunch itself into the “enormous” U.S. hospitality market.  

    STR: Europe hotel performance for Q1 2017

    European hotels reported performance gains in the first quarter of 2017 when compared to Q1 2016. Occupancy rose 4.1% to 63.5%, ADR increased 2.3% to €100.94 ($109.59) and RevPAR jumped 6.5% to €64.06 ($69.55). 

    STR: Middle East/Africa hotel performance for Q1 2017

    Hotels in the Middle East reported year-over-year performance declines in the first quarter of 2017. Occupancy fell 1.4% to 70.5%, ADR dropped 6.8% to $173.06 and RevPAR decreased 8.2% to $122.07. It was a different story in Africa, where hotels saw occupancy increase 5% to 56%, ADR increase 9.8% to $111.15 and RevPAR increase 15.3% to $62.19 in Q1 2017.

    STR: Central/South America hotel data for Q1 2017

    The Central/South America region's hotels reported year-over-year performance declines in the first quarter of 2017. Occupancy fell 1.6% to 55.3%, ADR dropped 6.1% to $101.60 and RevPAR decreased 7.6% to $56.16.

    STR: Asia/Pacific hotel performance for Q1 2017

    In the first quarter of 2017, hotels in the Asia/Pacific region reported mostly year-over-year performance increases. Occupancy increased 3.3% to 68.3%, ADR was nearly flat (-0.3% to $104) and RevPAR jumped 3% to $71.04.

    5 things to know: 21 April 2017

    From the desks of the Hotel News Now editorial staff:

    • Baha Mar celebrates opening of phase one
    • US Customs cracks down on Global Entry program
    • Developer transforms brownfield into eco-friendly hotel
    • Paris shootings could have effect on French election
    • US hotel performance for week ending 15 April, Q1 2017

    The process of turning a brownfield into a green hotel

    OTO’s Director of Development Bruce Collins gave Hotel News Now the rundown on what it was like to transform a brownfield, or a contaminated piece of land, into a “green” Residence Inn in Gainesville, Florida.

    If the US isn’t open for business, its hotels must be

    Many in the travel industry are worried about messages the U.S. government is sending that will lead international travelers to believe they aren’t welcome. To combat that, the hotel industry needs to let them know they are.

    Navigating the spreading ‘ban the box’ laws

    Now might be the time to review your hiring practices to ensure they conform to “ban the box” laws and you have diligent screening of prospective employees for the protection of guests and staff.

    5 things to know: 20 April 2017

    From the desks of the Hotel News Now editorial staff:

    • Scope of IHG payment card breach expands
    • Emirates to cut flights to US after Trump’s visa ban
    • Travelodge: A history of how one brand became two
    • South Florida hotel market sees improvement
    • Nazarian speaks on LA hotel market, M&A

    A look at past, present and future of Travelodge brands

    Hotel News Now explored the history of Travelodge and Travelodge U.K. from the brand’s inception in the 1930s on America’s West Coast through its introduction to Europe and how both companies split and operate today. 

    How Travelodge made a name for itself in the UK

    Travelodge (U.K.) began in 1985 when Lord Forte bought the U.S. chain of the same name and started opening properties in the U.K. alongside freeway restaurants. Today the chain is at the heart of British hospitality.