Hotel News Resource
December, 30 2019
 
 
 
Agoda Research Reveals Travel Trend Expectations for The 2020s
 
Agoda Research Reveals Travel Trend Expectations for The 2020s
 
Key trends - Technology advances to simplify travel; More conscious eco travel choices; Kyoto tops destination wishlist Read More
 
Investment Trends
The Economic Markers to Watch in 2020
The Economic Markers to Watch in 2020
 
Commercial real estate will be eyeing one area of the economy in particular Read more
 
Hotel Industry Performance Europe
European Hotel Industry Reports Positive Performance Metrics for November 2019
European Hotel Industry Reports Positive Performance Metrics for November 2019
 
Europe's hotel occupancy rose 1.5% to 72.2% in November, ADR increased 1.9% to €106.71 ($118.29) and RevPAR rose 3.4% to €77.08 ($85.44). Read more
 
Hotel Industry Performance Middle East And Africa
Hotels in the Middle East Report Mixed November 2019 Results
Hotels in the Middle East Report Mixed November 2019 Results
 
Hotels in the Middle East reported occupancy increased 3.4% to 72.1%, ADR dropped 5.9% to $146.47 and RevPAR decreased 2.6% to $105.56. In Africa, hotel occupancy rose just 0.4% to 68.1%, ADR increased 0.2% to $110.95 and RevPAR rose 0.6% to $75.60. Read more
 
Hotel Industry Performance Americas
Hotels in the Central/South America Region Report 11.9 Percent RevPAR Increase for November 2019
Hotels in the Central/South America Region Report 11.9 Percent RevPAR Increase for November 2019
 
The Central/South America region reported hotel occupancy rose 4.1% to 60.5% in November. ADR increased 7.5% to $90.54 and RevPAR rose 11.9% to $54.77. Read more
 
Market Report U.S.
US Hotel Occupancy Up 5.9 Percent to 50.1 Percent for Week Ending December 21st - 2019
Washington, D.C.-Maryland-Virginia, saw the second-largest jump in RevPAR (+26.4% to US$56.36)
 
RevPAR up 7.8 percent to US$54.55 Read more
 
Hotel Industry Performance Asia Pacific
Hotels in the Asia Pacific Region Continue to Report Negative Results for November
Hotels in the Asia Pacific Region Continue to Report Negative Results for November
 
Hotels in the Asia/Pacific region reported a 0.5% increase in occupancy to 72.5% in November, a 2.2% dip in ADR to $99.19 and a 1.7% decrease in RevPAR to $71.95. Read more
 
Hotel Transaction New Orleans
Le Meridien New Orleans Hotel Sold for $84.0 Million
Le Meridien New Orleans Hotel Sold for $84.0 million
 
Park Hotels & Resorts Inc. (NYSE:PK) announced that it has closed on the sale of the 410-room Le Meridien New Orleans located in New Orleans, LA, for gross proceeds of $84.0 million, or $205,000 per key before customary closing costs. Read more
 
Hotel Development Orlando
Cambria Hotel Orlando International Airport Breaks Ground
 
The Cambria Hotels brand, franchised by Choice Hotels International, Inc. (NYSE: CHH), and Green Stay Hospitality LLC, part of Reddy Hotels, Orlando, announced Wednesday the official start of construction on the first Cambria hotel in Orlando at a groundbreaking event at the property's future location. Read more
 
Hotel Development Moscow
Hotel Indigo Announced for Moscow
Hotel Indigo Announced for Moscow
 
IHG (InterContinental Hotels Group) has signed a management agreement with current partner, JSC 'Tverskaya 24', to open Hotel Indigo Moscow - Tverskaya by the end of 2020. Read more
 

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In Brief...
 

Hotel Development North Carolina
The Esquire Hotel Joins Ascend Hotel Collection

Hotel Development Utah
RLHC Completes Sale of Hotel RL Salt Lake City for $33 Million

CEO Appointment RLH Corporation
RLH Corporation Appoints R. Carter Pate As Chairman

Travel Scams
Hotel Industry, AARP Join to Help Protect Seniors from Travel Scams

Hotel Opening Florida
Residence Inn by Marriott Hotel to Open in Tierra Verde, Florida With New Brand Design

Hotel Opening Puerto Rico
579 Room Hyatt Regency Grand Reserve Puerto Rico Opens Following Multi-Million-Dollar Transformation

Hotel Opening Atlanta
Home2 Suites by Hilton Atlanta Midtown Opens In Georgia

Hotel Opening Perth
Novotel Perth Murray Street Officially Opens

 
 
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