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Top Asian Hotels Brands Named
Asia’s leading hotel chains have been named in the Brand Company’s first Asian Hospitality Brand Survey. Topping the chart was Shangri-La, Peninsula and Mandarin Oriental which comes as no surprise. But moving down the list newer entries such...
STR Global Census Database at 13.4m rooms
Total global hotel inventory increased by more than 2,315,000 daily rooms since 2000 to reach 13,443,014 rooms as of February 2012, according to the Census database from STR Global, the leading provider of hotel data to the hotel industry. The hotel inventory...
US Hotel Occupancy Falls 4.1% to 49.4% Week Ending April 7th – 2012
The U.S. hotel industry experienced mixed results in the three key performance metrics during the week of 1-7 April 2012, according to data from STR. In year-over-year comparisons for the week, occupancy fell 4.1 percent to 59.4 percent, average daily...
Survey reveals Africa’s top locations for new hotels
Nigeria-based W Hospitality Group recently carried out a survey of the international hotel brands’ development activities in Africa. At the beginning of 2012, hotel operators reported a total of 208 hotels, with just over 38,000 rooms, in their development...
Vietnam looks to treble Russian tourist arrivals in 2014
Russian Visitors Nguyen Thi Thanh Huong, deputy director of the markets department under the Vietnam National Administration of Tourism (VNAT), said that to translate this plan into reality, VNAT would be participating in a series of fairs in Russia and...
Global hotel room rate increases 4 percent in 2011
LONDON, England – Global room rate increases 4% in 2011, says new Hotel Price Index. Cash-strapped UK travelers faced hotel price rises last year in more than two thirds of their favourite destinations, according to a new global report released...
Baird/STR Hotel Stock Index up in February
HENDERSONVILLE, Tennessee, and MILWAUKEE, Wisconsin—The Baird/STR Hotel Stock Index ended February with a 1.1-percent increase to 2,313; the index ended 2011 at 2,025. Robert W. Baird & Company and STR partnered to create the Baird/STR Hotel Stock...
STR Global: Europe Top 10
LONDON – The European hotel market reported overall positive revenue per available room growth 12-months to January, according to STR Global, the leading provider of market data to the hotel industry. Despite the economic conditions a majority of the...
STR: US hotel results week ending 25 February
HENDERSONVILLE, Tennessee—The U.S. hotel industry experienced increases in all three key performance metrics during the week of 19-25 February 2012, according to data from STR. In year-over-year comparisons for the week, occupancy was up 2.3 percent...
