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- 65. STR Reports US Hotel Performance for June
According to data compiled by STR, the U.S. hotel industry reported increases in all three key performance metrics for the month of June 2012. Overall, the U.S. hotel industry's occupancy rose 4.3% to 70.3%, ADR was up 5.0% to US$107.45 while RevPAR increased 9.5% to US$75.49.
- 66. STR’s Randy Smith to be Inducted into U.S. Travel Hall of Leaders
Randy Smith, chairman and co-founder of STR, is to be inducted into the U.S. Travel Hall of Leaders, as selected by the U.S. Travel Association (USTA). Smith will be inducted during a dinner with more than 100 industry leaders at the U.S. Travel fall board meeting on 15 November at the JW Marriott in Washington, D.C.
- 67. STR Reports UK Hotel Industry Performance for July 2013
According to data from STR Global, the United Kingdom hotel industry reported positive results for hotel demand year-to-date July 2013, despite ADR decreasing over the same time period. In year-on-year comparisons, UK hotel occupancy during the month grew by 6.4% to 82.3%, ADR decreased 6.2% to £83.40 and RevPAR remained stable at £68.61, with only a 0.1% decrease.
- 68. STR Global Strengthens Presence in Finland
STR Global now is reporting on four more markets in Finland: the coastal city of Turku, the southwest regional capital; Tampere, the third most populous municipality in Finland; and the sub-division of the Helsinki conurbation between the city centre and the surroundings.
- 69. STR Suggests RevPAR Downturn for Hotels in GCC Correlates with Oil Prices
According to Statista, the price of OPEC crude oil averaged US$96.29 per barrel in 2014 but plummeted 48.6% to an average price of US$49.49 in 2015. Over the same time period, corporate business in GCC hotels suffered with year-on-year declines in room revenue (-3.1%), food & beverage (-3.8%) and other operated departments (-5.8%), according to STR’s 2015 Global Profitability Revie
- 70. STR Reports Global Hotel Pipelines for January 2015
According to the January 2015 STR Pipeline Report, there are 3,644 projects totaling 438,957 rooms Under Contract in the United States. This represents an 18.8% increase in the number of rooms Under Contract compared with January 2014 and a 31.8% increase in rooms under construction. The Under Contract data includes projects in the In Construction, Final Planning and Planning stage
- 71. STR Reports Global Hotel Pipeline for April 2011
STR Reports Global Hotel Pipeline for April 2011. Among the key markets in the region, New Delhi, India, ended the month with the largest expected room growth (+48.5%) if all 9,931 rooms in the total active pipeline open. Other markets to report significant expected growth include: Manila, Philippines (+28.2% with 5,019 rooms in the total active pipeline); Mumbai, India (+20.6% wit
- 72. Scott Hendryx Joins STR as Chief Information Officer
STR has appointed Scott Hendryx as Chief Information Officer. Hendryx has worked for the past five years as senior director of computer information systems and change management for enterprise resource planning (ERP) implementation at Calsonic Kansei. Based in Shelbyville, Tennessee, Hendryx directed a 46-person CIS team that supported IT functions across 12 sites in the U.S., Mexi
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