The Baird/STR Hotel Stock Index outperformed the S&P 500 and the MSCI REIT (RMZ) in January, which increased 4.4 percent and 6.3 percent, respectively.
The hotel industry in New Orleans has struggled to regain its footing in the years since Hurricane Katrina, but new data suggest a recovery is underway.
Formerly managed by Starwood Hotels & Resorts under the Le Meridien flag, the 214-room hotel will re-open on March 1, 2012 as part of the Sandos collection, featuring new culinary offerings and all-inclusive programming.
MJS Hotels announced that a property-wide renovation of Nautical Beachfront Resort’s 139 lakefront rooms and suites is underway with completion anticipated early in May. The rooms renovation is the second of three anticipated phases that will transform the historic resort.
The Hotel Association of Canada congratulates Prime Minister Stephen Harper on his success in China over the past several days specifically recognizing the positive steps made with regards to tourism in Canada.
One year since the beginning of the Arab Spring, demand has yet to return to Egypt, Bahrain and the Levant region according to the 2011 year-end data from STR Global.
