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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: 17 November 2017

    From the desks of the Hotel News Now editorial staff:

    • IHG to retire Holidex by early 2019
    • US House passes tax bill
    • Wyndham hotel CEO on deals, growth plans
    • Japanese government raids Airbnb
    • Can politics be the motivator for hotel development?

    Execs outline changes in asset strategies during Q3

    Talk of strategies for either shedding or acquiring assets filled several company and REITs’ third-quarter earnings calls this year, and executives provided insight on what benefits they expect to see from the changes.

    Life’s not just a beach for Margaritaville hotels

    The song “Margaritaville” is 40 years old, but Jimmy Buffett’s hotel chain is only beginning to make its mark among developers, according to Rick Cunningham, the company’s VP of hotel development.

    STR, Tourism Economics update US growth forecast

    STR and Tourism Economics project a 0.5% occupancy increase in 2017, coupled with a 2.1% ADR increase and a 2.5% RevPAR jump. Supply should overtake demand in 2018, however, according to the latest U.S. forecast.

    Do we need the further politicization of hotels?

    A new hotel set to open in Washington, D.C., is being touted as the “first politically-motivated hotel” and called an antithesis to President Donald Trump’s nearby hotel. But I worry this approach will only deepen the divide.

    5 things to know: 16 November 2017

    From the desks of the Hotel News Now editorial staff:

    • Caesars presents multibillion-dollar Japan plans
    • Macau casino-hotel on block for $589 million
    • Companies adjust full-year guidance due to macroevents
    • US hotel construction shows first dip in six years
    • US tax reform hits stumbling block

    Viceroy’s CEO on the value of culture

    Viceroy Hotel Group CEO Bill Walshe has adopted a culture of pride for his organization that starts from the top and filters to employees and guests alike.  

    STR: Canada hotel results for week ending 11 November

    The Canadian hotel industry reported positive year-over-year performance during the week of 5-11 November 2017. Occupancy rose 6.6% to 65%, ADR increased 5% to 144.83 Canadian dollars ($113.61) and RevPAR jumped 11.9% to CA$94.08 ($73.81).

    5 things to know: 15 November 2017

    From the desks of the Hotel News Now editorial staff:

    • AccorHotels officially launches AccorLocal
    • Deloitte: Amsterdam tops Europe’s investment hotspots
    • IHG thinks Avid hits a sweet spot
    • Japan sets circa 20-year record for growth
    • UK unemployment down, but so are wages

    New corporate demand remakes business mix in Reno

    Silicon Valley is spilling into Reno, bringing with it more business travelers and new residents as well as more infrastructure development that’s also attracting more travelers. The combined growth translates to a temperate pace of new hotel development