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Hotel News Now

Below are the latest press releases from STR Global. 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: 16 January 2018

    From the desks of the Hotel News Now editorial staff:

    • Marriott pulls decorative book from ski resort in China
    • Battle over Trump hotel in Panama continues
    • Sustainability-minded hoteliers saying goodbye to plastic
    • The Waldorf Astoria Edinburgh – The Caledonian sold for £85m
    • Ballistic missile scare unlikely to hurt travel to Hawaii

    Sustainability-conscious hoteliers purging plastic

    Something as small as a plastic straw can add up to a big problem for the environment, so some sustainability-minded hoteliers have eliminated them in favor of biodegradable alternatives and taken other small steps to reduce their environmental footprints. 

    US hotel renovations list

    Updates to this list include: the completion of phase one of a $60-million renovation; a planned renovation for the recently acquired The James New York - Soho; two Miami Beach projects; and more. 

    5 things to know: 12 January 2018


    From the desks of the Hotel News Now editorial staff:

    • Sorenson acts to placate Chinese anger
    • Hotel stocks show big 2017 growth
    • US hotel construction on the decline
    • German Commerz Real buys first assets from €2 billion fund
    • IHG exits Nigeria

    STR: Preliminary December data for Munich hotels

    Hotels in Munich reported positive year-over-year results during the month of December, according to preliminary data from STR. Occupancy increased 0.3% to 68.7%, ADR grew 4.9% to  €118.24 ($143.47) and RevPAR saw a gain of 5.2% to €81.27 ($98.61). 

    STR: Preliminary December data for Singapore hotels

    Hotels in Singapore reported mixed year-over-year results in December, according to preliminary data from STR. Occupancy grew 0.3% to 76%, while ADR dropped 2.1% to 275.02 Singapore dollars ($206.76) and RevPAR decreased 1.8% to 209.01 Singapore dollars ($157.13). 

    STR: Preliminary December data for Melbourne hotels

    Hotels in Melbourne, Australia, reported positive year-over-year performance in December, according to preliminary data from STR. Occupancy grew 0.8% to 81.8%, ADR rose 2.1% to 192.94 Australian dollars ($152.21) and RevPAR increased 3% to 157.80 Australian dollars ($124.49). 

    STR: U.S. hotel room construction on the decline

    According to pipeline data from STR, the number of hotel rooms under construction in the U.S. has declined or remained flat year over year for three consecutive months. Overall, there were 179,979 rooms in construction across 1,400 hotels for the month of December. 

    F&B a main theme for AC Dublin GM

    AC Hotel Columbus Dublin GM Orcun Turkay, who started out in the hospitality industry with a focus on food and beverage, shares some of his vision for the hotel’s Vaso rooftop restaurant.

    STR: Preliminary December data for London

    Hotels in London reported mixed year-over-year performance in December, according to preliminary data from STR. Occupancy fell 2.7% to 77.9%, ADR grew 0.4% to £148.85 ($200.37)and RevPAR dropped 2.3% to £115.99 ($156.13). 

    5 things to know: 11 January 2018

    From the desks of the Hotel News Now editorial staff:

    • NH Hotels’ shareholders reject Barceló bid
    • A look at current, shifting ‘Do not disturb’ policies
    • Jewelry heist at Ritz Paris nets millions
    • Phuket inbound travel boost underlines hotel growth
    • Sunstone sells two assets for $139 million

    STR: Preliminary December data for Jeddah hotels

    Preliminary data for December 2017 for Jeddah, Saudi Arabia, shows hotels in the market saw occupancy decline 8.4% to 45.1%, ADR dropped 4.1% to 694.85 Saudi Arabian riyals ($187.68) and RevPAR also fell 12.1% to 313.45 Saudi Arabian riyals ($84.66).