U.S. hotel commentary – July 2024
Top-Line Metrics (July 2024 vs. July 2023): Occupancy: 68.8% (-0.5%) Average daily rate (ADR): US$161.69 (+0.5%) Revenue per available room (RevPAR): US$111.18 (flat) Key Points Flat RevPAR Bifurcation among chain…
Less global markets show RevPAR growth, but Olympics and concerts produce highlights
STR's global "bubble chart" update for the four weeks ending 24 August 2024 shows 61% of markets with year-over-year growth in revenue per available room (RevPAR). That was a three-point…
Avani Hotels & Resorts Debuts in Bangkok’s New CBD with the Launch of Avani Ratchada Bangkok Hotel
Avani Hotels & Resorts, the upscale lifestyle brand of Minor Hotels, announces the opening of Avani Ratchada Bangkok Hotel. Located in the heart of Bangkok's new Central Business District, the…
Hotel Indigo debuts in the lush mountains of Oman
IHG Hotels & Resorts debuts its first Hotel Indigo resort in the Middle East with the opening of Hotel Indigo Jabal Akhdar Resort & Spa. Jabal Akhdar, meaning "Green Mountain"…
Eight Moments Helping Hilton Reach 8,000 Hotels and Accelerate Growth
MCLEAN, Va. – Just over two years after opening its 7,000th hotel, Hilton (NYSE: HLT) now has more than 8,000 hotels operating globally. Following a series of additions to its…
Handwritten Collection Debuts in Bali
Nusa Dua Beach Hotel & Spa - Handwritten Collection — Photo by Accor Nusa Dua Beach Hotel & Spa - Handwritten Collection — Photo by Accor Handwritten Collection, a leading…
Zannier Hotels Announces a Collaboration with NEOM for a New Luxury Eco-Resort in Saudi Arabia
Creator of one-of-a-kind hospitality projects, Zannier Hotels, has announced a partnership with NEOM to develop a new luxury eco-resort in Zardun, one of Magna's destinations located in the Northwest of…
Mandarin Oriental Qianmen, Beijing, a Unique Hutong Sanctuary, Now Open
Mandarin Oriental Qianmen, Beijing, an exquisite property nestled in the heart of a traditional hutong neighbourhood, opens its doors today. With just 42 beautifully appointed courtyard houses, this marks the…
Hotel Investments AG intensifies cooperation with the Primestar Group
Hotel Investments AG supports the Primestar Group in the area of hotel expansion in the DACH region. Hotel Investments AG is pleased to announce the intensification of its cooperation with…
A look at China’s economic data in July
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