STR
500,000 new hotel rooms to open in Asia Pacific
Asia Pacific’s hotel room supply will swell in the coming years, with more than half a million new rooms in
Adele boosts Sydney hotel sector
Sydney’s hotel sector continued to perform strongly in March 2017, as Adele’s Australian tour helped push citywide occupancy over the
London hotel sector reports strong gains in March
London’s hotel sector reported strong growth in March, with occupancy up 5.7% and the average daily rate (ADR) up 8%.
Hong Kong hotel occupancy nears 90%
Hotel occupancy in Hong Kong pushed close to 90% in March 2017, as a series of events boosted demand for
European hoteliers report improving performance in February
Hotels in Europe reported growth across the three key performance metrics in February 2017, according to data from STR. Europe Occupancy:
European hotel pipeline contracts in February
STR’s February 2017 Pipeline Report shows 161,656 rooms in 1,027 hotel projects Under Contract in Europe. The total represents a
Asia’s mega-populations drive hotel development
Asia’s three most populous countries also now have the region’s largest hotel development pipelines. According to the latest monthly report
London hotel sector on the rise
London’s hotel sector reported positive occupancy and rate growth in February, according to preliminary data for the month from STR.
Singapore hotel rates tumble 8%
Singapore’s average hotel rate declined sharply in February 2017, as a wave of more affordable rooms entered the market. According
European hotel performance improves in January
Hotels in Europe reported growth across the three key performance metrics in January 2017, according to data from STR. Key results:
Asian hotel development speeds up in 2017
The number of new hotel rooms under construction across the Asia Pacific region at the start of 2017 is significantly
European hotel pipeline contracts in January
New data from STR shows 163,648 rooms in 1,038 hotel projects Under Contract in Europe, representing a 2.2% decrease in
Singapore hotels hit by weak demand
RevPAR at hotels in Singapore declined in January 2017, as weak demand failed to keep pace with rising room supply.
Sterling decline sees rise in North American visitors to the UK
A study by STR and Tourism Economics indicates that the United Kingdom’s tourism and hospitality sectors have benefited from an increase
Australian hotel rates hit record high
Hotels in Australia are cashing in on strong demand by raising room rates to record levels. According to the latest
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