STR
STR: Kuala Lumpur’s hotel industry “off to a rough start”
STR has reported that Kuala Lumpur’s early 2019 performance levels and profitability fundamentals produced an unfavourable short- to mid-term outlook.
Invisible walls: US gov’t shutdown cripples travel industry
It is Day 32 of the shutdown and the travel industry is feeling the impact. If the UK is battling Brexit, the US is dealing with the disagreement between President Donald Trump and the US Congress.
NFL affects hotel market: Chargers’ move to Los Angeles causes 19.5% decline in revenues
Since the early years of the National Football League (NFL), teams had to move cities in order to survive financial instability. These moves influence hotel markets and it shows in data compiled by STR.
U.S. hotel industry posts record year in 2017
According to data from STR, the U.S. hotel industry has broken records with high-performance levels in 2017, setting a good pace for hoteliers this year.
Indonesian hotel occupancy surges to five-year high
Indonesia’s hotel sector experienced a surge in occupancy last month, reaching its highest July level since 2012. According to the
Hong Kong hotel occupancy hits 89%
Hong Kong’s hotel industry continues to thrive, as it recovers strongly from a relatively poor year in 2016. According to
Vietnamese hotel occupancy hits 10-year high
Vietnam’s hotel industry is booming, with rising tourist numbers pushing nationwide occupancy to its highest level in a decade. According
High-end hotels dominate Asian development
Hotel development in the Asia Pacific region is accelerating, according to STR’s latest pipeline report. In total there are now
Singapore hotel rates decline for fifth straight month
Hotel rates in Singapore fell 2.5% year-on-year in June, marking the fifth consecutive month they have declined. According to latest
Korean hotels hit by Chinese tourism decline
Occupancy and rates at hotels in South Korea are declining sharply, as the country struggles to cope with the decline
Indian hotel sector on the rise
India’s hotel sector performed strongly in May 2017, with rate and occupancy growth leading to a sharp rise in revenue
Google searches correlate with hotel demand – study
Higher Google search volumes have been found to “strongly correlate” with increased demand for hotel rooms, according to a report
Half of Asia’s new hotel rooms to rise in China
More than half of the hotel rooms currently under construction in Asia Pacific are located in China. According to the
Strong demand drives Hong Kong hotel sector
Hong Kong’s hotel industry experienced rising rates and occupancy in May 2017, driven by strong demand from travellers. According to
European hotel pipeline contracts in March
STR’s March 2017 Pipeline Report shows 162,732 rooms in 1,035 hotel projects Under Contract in Europe. The total represents a
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