This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.  Close

Press Releases

Powered by Hotel News Now

STR: US hotel pipeline for January 2018

The number of rooms in construction in the U.S. dropped 1.6% in January, which is the fourth consecutive month in the U.S. where rooms in construction has declined or remained flat year over year.

STR: Preliminary January data for Berlin hotels

Preliminary January data from STR shows Berlin's hotel market experienced a 0.9% occupancy increase to 59.2%, a 1.1% ADR increase to €84.60 ($104.53) and a 2% RevPAR increase to €50.05 ($61.84). 

STR: Preliminary January data for Hong Kong hotels

Hong Kong's hotels reported occupancy rose 6.1% to 91.2% in January, according to preliminary monthly data from STR. ADR was flat at 1,428.41 Hong Kong dollars ($182.62) and RevPAR rose 6.1% to HK$1,302.29 ($166.50).

STR: Preliminary January data for Jeddah hotels

While hotel occupancy rose 0.3% to 50.6% in January in Jeddah, Saudi Arabia, according to preliminary STR data, the market saw ADR drop 2.4% to 732.33 Saudi Arabian riyals ($195.29) and RevPAR decline 2.1% to 370.33 riyals ($98.75).

STR: Preliminary January data for Sydney hotels

Sydney's hotel market reported occupancy fell 0.9% to 81.2% in January, according to preliminary monthly data from STR. ADR, however, increased 1.5% to 222.18 Australian dollars ($173.89), which raised RevPAR 0.6% to AU$180.43 ($141.22).

STR: Preliminary January data for Dubai hotels

According to preliminary STR data, hotels in Dubai, United Arab Emirates, reported occupancy rose 1.5% to 86.4% in January, while ADR declined 0.6% to 814.51 Emirati dirhams ($221.79) and RevPAR increased 1% to 703.89 dirhams ($191.67).

Hotel lenders less cautious in the short term

STR, Hotel News Now and RobertDouglas released the results of their Hotel Lender Survey, which shows lenders are a bit more optimistic about the short term than in previous years.

STR: Canada hotel results for week ending 3 February

The Canadian hotel industry reported occupancy rose 1.1% to 55.6% during the week of 28 January to 3 February. ADR rose 3.7% year over year to 144.03 Canadian dollars ($114.65), which pushed RevPAR up 4.9% to CA$80.13 ($63.79).