Hotel Industry News Archive for 2012

OpenTravel Alliance (OpenTravel), the travel industry’s leading distribution specification and standards development organization, will hold a seminar on personalization and semantic technologies in the travel industry as part of the EyeforTravel Travel Distribution Summit Europe.

ADR increases increases 5.8% to US$105.94

Revenue per available room up 6.2% to CADS75.19

Sale Conducted by NCL/ National Content Liquidators, Inc. Three Weeks Only! Everything Must Go!

Hotel rate parity trends for March to May 2012 of three and four star hotels across some of the major cities in US.

Data trends on cheapest hotel rates as well as median rate for three months of three, four and five star hotels across some of the major cities in US.

The hotel no longer met the company's investment criteria primarily due to size and age. Net proceeds were used to reduce related mortgage debt.

Select service hotel product has become more sophisticated in the last 10 to 15 years, attracting an increasing number of institutional invests to the sector, according to Jones Lang LaSalle Hotels. The product quality has improved, and become more diverse, customized and available in prime locations, leading to a more competitive overall investment climate in 2012.

The purchaser has paid a $3.9 million hard money deposit toward the purchase price. The transaction is expected to close late in the second quarter. As part of its long-term portfolio repositioning strategy, which includes the sale of 39 non-strategic hotels, FelCor is currently marketing 16 hotels, including the six hotels announced today.

Hotels get into the publishing business, offering guests glossy in-room magazines that could rival some national travel magazines