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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 February 2019

    From the desks of the Hotel News Now editorial staff:

    • China stops millions from traveling over social offenses
    • Iowa considers bill on human trafficking training at hotels
    • Insights into how Chinese travelers book, spend
    • US business investment fell again at end of 2018
    • NYC subpoenas Airbnb for data on 20,000 listings

    How outbound Chinese travelers book, spend

    Chinese travelers are becoming savvier, more independent and more demanding as they travel globally in greater numbers. Hoteliers at the Gulf & Indian Hotel Investors’ Summit talked about how critical it is to capture demand from Chinese guests.

    Best Western CEO on how WorldHotels buy fits strategy

    Best Western Hotels & Resorts President and CEO David Kong said he expects his company’s acquisition will allow WorldHotels’ membership to double, while offering a positive “halo effect” to current Best Western members.

    ESA CEO talks franchise milestones, development

    Extended Stay America President and CEO Jonathan Halkyard shared details of the company’s first new-build franchised hotel and where the company stands in its five-year development and growth plan.

    Beware of unforced errors in Internet of Things devices

    The latest incident of a company accidentally doing something that could have put user privacy at risk only adds to the perception that tech companies don’t prioritize protecting user privacy. The hotel industry can be a part of changing that perception.

    5 things to know: 21 February 2019

    From the desks of the Hotel News Now editorial staff:

    • Florida bill calls for trafficking training at hotels
    • 2,397 citations for 12 extended-stay hotels in Georgia
    • Accor to invest heavily in its loyalty program
    • US hotel results for week ending 16 February
    • Fed minutes show split over pace of interest rate increases

    Accor looks to leverage record revenue to boost loyalty

    If 2018 was the year AccorHotels—now simply called Accor—invested in brands via M&A, 2019 might be remembered as the year it spends some of its HotelInvest cash on catching up with its competitors in loyalty, markets itself globally and develops partnerships.

    Host focused on targeted assets, not large portfolios

    Host Hotels & Resorts recently closed on the acquisition of 1 Hotel South Beach for $610 million from an affiliate of Starwood Capital Group, and President and CEO James Risoleo said the company remains focused on buying similar assets with high returns.

    Optimism for Mexican hotels despite short-term hurdles

    Geopolitical and economic issues present challenges for the Mexican hotel industry in the near term, but experts speaking at the 2019 Mexico Hotel & Tourism Investment Conference said there are plenty of reasons to feel good about investing in the country over the long run.

    Active US hotel lenders

    Updates to this list include: Hall funds downtown Atlanta construction; Meridian refinances Alabama Hampton Inn; and more.

    Independent hotels free to forge own standards

    Independent hotels don’t have a brand to set standards for them and must go it alone. To ease the process, indie hoteliers suggest making standards measurable, including regularly reviewing guest feedback in staff meetings.

    Indies navigate choosing back-end systems

    While independent hotels must decide for themselves which back-end tech solutions to implement, that doesn’t mean all hoteliers running indie properties are letting that set them back to the Stone Age.

    A roundup of independent hotel news

    This month’s roundup of news from the independent hotel sector includes: Pebblebrook’s boutique buy in D.C.; Snow King Resort sale; and people on the move.