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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: 21 July 2017

    From the desks of the Hotel News Now editorial staff:

    • Hersha buys Westin Philadelphia for $135m
    • 3 factors reshaping hotel REITs
    • Club Quarters Hotels may have been hit by data breach
    • MGM Resorts joins S&P 500 index
    • Hidden resort fees, charges increasing

    ALIS update: The reshaping of hotel REITs

    Public-to-public mergers, private equity acquisitions and new entrants into the world of hotel real estate investment trusts are reshaping the landscape, according to panelists who spoke at the recent ALIS summer update in Boston.

    5 things to know: 20 July 2017

    From the desks of the Hotel News Now editorial staff:

    • Refugee ban in place with exemptions for relatives
    • Hotel execs say healthy workplace culture starts at top
    • Transat to sell 35% interest in Ocean Hotels to H10 Hotels
    • US, Canada weekly performance results
    • Ivory Coast building boom results in crocodile relocation

    STR: US hotel performance for Q2 2017

    In the second quarter of 2017, the U.S. hotel industry reported occupancy rose 0.5% to 69.5%, ADR increased 2.2% to $127.43 and RevPAR rose 2.7% to $88.58 when compared to Q2 2016.

    STR: US hotel results for week ending 15 July

    The U.S. hotel industry reported mostly positive year-over-year performance during the week ending 15 July. Occupancy was mostly flat (-0.1% to 77.4%), while a 1.7% ADR increase to $130.76 drove RevPAR up 1.6% to $101.15.

    STR: Canada hotel results for week ending 15 July

    For the week of 9-15 July, the Canadian hotel industry reported mostly positive year-over-year performance. Occupancy was mostly flat (+0.1% to 79.2%), but ADR rose 1.3% to 172.67 Canadian dollars ($136.93) and RevPAR increased 1.3% to CA$136.79 ($108.48).

    A roundup of US hires, promotions

    In this roundup: Hilton hires two VPs of focused-service brands; new GMs in Portland, Oregon, and National Harbor, Maryland; and more.

    STR: US hotel performance for June 2017

    The U.S. hotel industry reported its 88th consecutive month of RevPAR growth (+2.8%) in June year-over-year comparisons, according to monthly data from STR, which also cited growth in occupancy (+0.7%) and ADR (+2.1%).

    5 things to know: 19 July 2017

    From the desks of the Hotel News Now editorial staff:

    • Wyndham adds 200 hotels with planned AmericInn acquisition
    • Study: Airfare, hotel rates expected to go up in 2018
    • Dalian Wanda alters property deal with Sunac
    • More than 100 hotels in Nashville’s pipeline
    • Oklahoma City prepares for city’s biggest hotel deal

    Extended-stay hotels poised for a leap in Europe

    Investor confidence, more transparency and technology, and increasingly educated travelers are adding up to a bright future for the extended-stay/aparthotels segment in Europe, according to CEOs at the Serviced Apartment Summit Europe.