Hotel Industry News Archive for 2009

The Middle East/Africa hotel development pipeline includes 441 hotels comprising 119,560 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

Hospitality eBusiness Strategies, the industry's leading Internet marketing and distribution strategy consulting firm, relaunches the HSMAI Foundation eConnect site, which provides insights into hospitality sales and marketing topics.

Interstate Hotels & Resorts (NYSE: IHR) today announced that it has signed a definitive merger agreement to be acquired by Hotel Acquisition Company, LLC, a 50/50 joint venture between subsidiaries of Thayer Hotel Investors V-A LP, a private equity fund sponsored by Thayer Lodging Group, and Shanghai Jin Jiang International Hotels (Group) Company Limited (Jin Jiang Hotels) in a transaction valued at approximately $307 million.

The thought leader in revenue management systems and one of the world's best-respected OTAs forge a faster connection... for clients

IHG (InterContinental Hotels Group) announces the opening of the InterContinental Paris Avenue Marceau today. A stone's throw away from the Arc de Triomphe and the Champs Elysees, IHG will manage the hotel under a ten year management contract with Groupe Cible Expansion which owns the hotel.

Published in conjunction with STR (Smith Travel Research) and endorsed by the Hotel Association of Canada. This publication summarizes weekly occupancy and average room rates from major cities in Canada.

In year-over-year measurements, the industry's occupancy fell 2.9 percent to end the week at 48.1 percent. Average daily rate dropped 5.9 percent to finish the week at US$96.04. Revenue per available room for the week decreased 8.6 percent to finish at US$46.22.

Vacationing families in the busiest travel season appreciate real-time airport flight info in the comfort of the hotel

The Central/South America hotel development pipeline includes 131 projects with 19,929 rooms, according to the November 2009 STR Global Construction Pipeline Report released this week.

The Caribbean/Mexico hotel development pipeline includes 131 hotels comprising 18,291 rooms, according to the November 2009 STR Construction Pipeline Report released this week.