Hotels See Decline in Group Pace but RevPAR Performance Remains Strong
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during January 2015, according to data compiled by STR, Inc. and STR Global.
Carlson Rezidor and Golden Palace Hotel LLC jointly announce the Radisson Blu Hotel, Yerevan. The upper-upscale hotel is scheduled to open in early 2016. With this signing Carlson Rezidor adds a new country to its growing portfolio in Russia/CIS & Baltics.
The U.S. hotel industry recorded positive results in the three key performance measurements during the week of 15-21 February 2015, according to data from STR, Inc.
The new UNWTO report Hotel Classification Systems: Recurrence of Criteria in 4 and 5 Star Hotels, identifies the common criteria among 4 and 5 star hotels, providing valuable insights for destinations wishing to revise existing or establish new hotel classification systems.
Hyatt Hotels Corporation (NYSE: H), Nelson Development and Exeter Group LLC today announced plans for a 149-room, five-story Hyatt Place hotel to be located in the former U.S. Post Office and Custom House building in Saint Paul, Minn.
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