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Below are the latest press releases from STR. Please select a headline to read the full article. To see the complete archive of press releases, please click here.  For all other news on the hotel industry please go to www.HotelNewsNow.com.

 

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    Hyatt announces finalized deal with Expedia

    Hyatt Hotels Corporation has announced a finalized new agreement with Expedia after months of speculation that the company could end its partnership with the booking platform.

    5 things to know: 18 August 2017

    From the desks of the Hotel News Now editorial staff:

    • Attacks in Spain, US political tension cause stocks to fall
    • Changing guests and technology top list of disruptors
    • Florida sees tourism spike in first half of 2017
    • Microsoft to track business travelers’ carbon footprints
    • Arkansas hotel known for housing mobsters could close

    Revenue maximization starts with relationships

    Industry experts, including a hotelier, a DMO representative, a convention center manager and a meeting planner, said the best way to maximize revenue for all involved is to build relationships.

    Expedia is proof hoteliers should adapt to Airbnb

    Shared-economy platforms like Airbnb have leveraged the use of big data to understand what its customers want. And if the hotel industry wants to keep up, brands and owners might need to readdress their business models.  

    5 things to know: 17 August 2017

    From the desks of the Hotel News Now editorial staff:

    • EU visitors to UK might be able to travel visa-free
    • Fed unsure of timing of the next rate increase
    • Hoteliers on hiring millennials in analytical roles
    • US, Canada weekly performance results from STR
    • Houston hotel hires formerly homeless people

    STR: Canada hotel results for week ending 12 August

    The Canadian hotel industry reported positive performance during the week of 6-12 August. Occupancy increased 1.2% to 80.9%, while ADR jumped 9% to 179.33 Canadian dollars ($141.91) and RevPAR rose 10.3% to CA$145 ($114.75).

    5 things to know: 16 August 2017

    From the desks of the Hotel News Now editorial staff:

    • Shareholders approve merger of FelCor and RLJ
    • Hoteliers on meeting the needs of different generations
    • Strong economy, low unemployment boost Labor Day travel
    • Asia/Pacific, Americas pipeline reports from STR
    • Airbnb in Oklahoma City to start collecting, remitting hotel tax

    CEOs differ on M&A pace, agree on value of connection

    Hotel industry leaders speaking in Australia have differing views about whether more hotel companies will merge, but agree that whatever activity there is will be the result of an increase in experiential travel and the need for connectivity. 

    Generational cues help hoteliers boost demand

    A panel of sales-and-marketing experts at the 2017 Hotel Data Conference offered some best practices when it comes to discovering and meeting the needs of different generations of travelers.