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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: 21 August 2017

    From the desks of the Hotel News Now editorial staff:

    • Trinity, Oaktree form JV targeting $3b in hotels
    • College town population to double during eclipse
    • Hyatt announces finalized deal with Expedia
    • Noble’s CEO focusing on microeconomics over macro
    • Las Vegas hotels letting guests pay with electronic wallets

    F&B trends: Catering, banquets lead in revenue growth

    STR research presented during the recent Hotel Data Conference show that hotels continue to see higher returns from catering-and-banquet service and managed F&B venues, while in-room dining revenue continues to decline. 

    Closed Moscone Center hurt San Francisco hotels in Q2

    Executives of brands and REITs on their second-quarter earnings calls said the closing of the Moscone Center for renovations negatively affected performance for the quarter, but they expect better performance with the reopening of the center. 

    Notes from the Hotel Data Conference 2017

    The Hotel Data Conference 2017 in Nashville saw record attendance and came this year amid great excitement of the solar eclipse. I met a cyclist on her way, and it looks as though American Airlines is getting into the spirit, too.

    Hyatt announces finalized deal with Expedia

    Hyatt Hotels Corporation has announced a finalized new agreement with Expedia after months of speculation that the company could end its partnership with the booking platform.

    5 things to know: 18 August 2017

    From the desks of the Hotel News Now editorial staff:

    • Attacks in Spain, US political tension cause stocks to fall
    • Changing guests and technology top list of disruptors
    • Florida sees tourism spike in first half of 2017
    • Microsoft to track business travelers’ carbon footprints
    • Arkansas hotel known for housing mobsters could close

    Revenue maximization starts with relationships

    Industry experts, including a hotelier, a DMO representative, a convention center manager and a meeting planner, said the best way to maximize revenue for all involved is to build relationships.

    Expedia is proof hoteliers should adapt to Airbnb

    Shared-economy platforms like Airbnb have leveraged the use of big data to understand what its customers want. And if the hotel industry wants to keep up, brands and owners might need to readdress their business models.  

    5 things to know: 17 August 2017

    From the desks of the Hotel News Now editorial staff:

    • EU visitors to UK might be able to travel visa-free
    • Fed unsure of timing of the next rate increase
    • Hoteliers on hiring millennials in analytical roles
    • US, Canada weekly performance results from STR
    • Houston hotel hires formerly homeless people

    STR: Canada hotel results for week ending 12 August

    The Canadian hotel industry reported positive performance during the week of 6-12 August. Occupancy increased 1.2% to 80.9%, while ADR jumped 9% to 179.33 Canadian dollars ($141.91) and RevPAR rose 10.3% to CA$145 ($114.75).