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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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    LVMH pulls $2.6B purse strings to bag Belmond

    The Belmond brand of 34 hotels, along with other hospitality and travel assets, has been sold to LVMH Moët Hennessy Louis Vuitton, a company keen on expanding into the luxury hotel market and diversifying its luxury portfolio.

    5 things to know: 14 December 2018

    From the desks of the Hotel News Now editorial staff:

    • LVMH agrees to buy Belmond in deal worth $2.6 billion
    • Brexit fears cause pound sterling slump
    • Global stocks wobble on China, Brexit fears
    • STR: Canada weekly results
    • Winter F&B menus already in transition mode

    F&B experts plan ahead for winter menus

    Transitioning a restaurant’s menu to more winter-appropriate items takes some advance planning. Here’s how F&B experts from hotel restaurants and bars make the switch from warm- to cold-weather food-and-drink offerings.

    LVMH to buy Belmond in deal valued at $2.6 billion

    French luxury goods producer LVMH Moët Hennessy Louis Vuitton has reached an agreement to buy London-based Belmond, which owns and manages 46 luxury hotel, restaurant, train and river cruise properties in 24 countries, for $25 per share in cash. 

    5 things to know: 13 December 2018

    From the desks of the Hotel News Now editorial staff:

    • UK PM survives, but Brexit deal still unlikely to pass
    • Workers begin to demonstrate outside California hotels
    • Assessing the hotel industry’s unknowns in 2019
    • US hotel results for week ending 8 December
    • Hotels continue to embrace collaborative workspaces

    STR: Canada hotel results for week ending 8 December

    During the week of 2-8 December, the Canadian hotel industry experienced a 3% occupancy increase to 61.2%, a 3.3% ADR increase to 145.89 Canadian dollars ($109.08) and a 6.4% RevPAR increase to CA$89.24 ($66.72).

    Charting a new path to profitability

    As an owner, you should always be looking at ways for your business to be most profitable—which means talking with your asset manager to keep what’s needed and cut costs where applicable.

    5 things to know: 12 December 2018

    From the desks of the Hotel News Now editorial staff:

    • Theresa May faces no confidence vote; Brexit in doubt
    • France calls attack on Christmas market act of terrorism
    • Radisson faces tremendous shift with Jin Jiang bid
    • US consumer prices remain flat through November
    • US airline trade group projects record-breaking holiday travel

    Jin Jiang’s Radisson bid highlights capital differences

    If Shanghai-based Jin Jiang’s bid to acquire all of Radisson Hotel Group is successful, Radisson will have gone in the space of a few months from being owned by private aviation company HNA Group to full ownership by a state-owned enterprise.

    Quality assurance needed as disruptors evolve

    The distribution landscape is changing, and it’s essential to keep an eye on the future, according to executives at the RLH Corporation Brand Conference. But one thing that should remain on the forefront is maintaining quality assurance for guests during their stay.