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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: 22 March 2017

    From the desks of the Hotel News Now editorial staff:

    • Stocks drop from post-election boost
    • Hotels pushing to curb food waste
    • US dollar boosts length of stay, spend in Canada
    • The sharing-economy players in China
    • Europe up, Central/South America down in February

    How a strong US dollar affects guest behavior in Canada

    While the U.S. hotel industry is seeing the negative impacts of a relatively strong U.S. dollar, Canadian hoteliers are seeing the benefits of being an attractive and discounted destination for outbound U.S. travelers.

    Global hotel pulse: Asia/Pacific news

    In this week’s roundup of news from the Asia/Pacific region: Chinese companies look to invest in Europe; Vienna House seeks global expansion; China Lodging to acquire Crystal Orange Hotels; and more.

    Quality, diversity required to push Mediterranean gains

    Several Mediterranean hotel markets have added shifting demand from North Africa and Turkey to their success story of improved performance and GDP upticks, but sources said the region still needs improvements in quality and positioning.

    REIT owners should abide by state, local rules

    Owners of REIT properties have often been advised against state and local rules when it comes to recording assets. Here’s why owners should pay more attention to what the IRS is asking. 

    5 things to know: 21 March 2017

    From the desks of the Hotel News Now editorial staff:

    • Marriott announces plan to add 300,000 rooms
    • Largest Mexican hotel company coming to US
    • Rate drives RevPAR for US hotels in February
    • Hotels booming in the Lone Star State
    • Flights from Middle East to US face new restrictions

    The biggest hotel companies by market cap

    Marriott International and Hilton clearly lead the way for publicly listed hotel companies in terms of market capitalization, but both lag well behind the largest players in the overall world of travel.

    Mexico’s Grupo Posadas plans US entry, two new brands

    José Carlos Azcárraga, director general and CEO of Mexico’s largest hotel company, talks about Grupo Posadas’ growth plan, brand lineup and if the company fits in the global consolidation trend enveloping the hotel industry.

    US hotel openings list

    Updates to this list include: First U.S. property from an Argentinian brand opens in Miami Beach, Florida; the first TRYP by Wyndham hotel in Florida; four Courtyard openings; and more.