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153. October 2009 Hotel Performance in Asia Pacific
October 2009 Hotel Performance in Asia Pacific. Hotels in the Asia Pacific region experienced decreases when reported in U.S. dollars for all three key performance metrics for October 2009. According to data compiled by STR Global, year-on-year measurements of the Asia Pacific region’s occupancy rates show a fall of 0.6% to 67.1%, ADR declined 2.5% to US$128.09 and RevPAR fell 3.1%
154. Performance of Hotels in Asia - March 2010
Performance of Hotels in Asia - March 2010. According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases in all three key performance metrics for March 2010 when reported in U.S. dollars. In year-on-year measurements, the Asia Pacific region's OR rose 13.7% to 67.6%, ADR increased 13.5% to US$130.56, and RevPAR jumped 29% to US$88.22.
155. StayWell Hospitality Group Expands International Sales Offices
StayWell Hospitality Group Expands International Sales Offices. The establishment of new international sales offices is in response to StayWell’s growing portfolio of properties with particular focus on the upcoming launch of the 203 room Park Regis Singapore and 392 room Park Regis Kris Kin Hotel, Dubai. The hotels are the first international properties to open for StayWell Hospit
156. Limited Hotel Pipeline in Poland and Ukraine in Run Up to UEFA 2012
STR Global has released details of its latest hotel pipeline report on Poland and Ukraine in light of the upcoming UEFA European Football Championship taking place between from 8 June to 1 July 2012. By the summer, hotel inventory is expected to increase by 9.4% in Wroclaw, Poland, 8.7% in Kiev, Ukraine, and 1.7% in Warsaw, Poland, compared to the previous year.
157. RevPAR Increases for Hotels in China
According to STR Global, the performance of the Chinese market shows continued year-on-year growth in RevPAR for the first four months of 2011 with a 7.7% increase to CNY462. All cities but Suzhou reported RevPAR increases.
158. IHG Adds Two Chefs to Culinary Panel
InterContinental Hotels Group has added Chef Vikas Khanna and Chef Takagi Kazuo to its growing IHG Culinary Panel, an initiative that sees renowned chefs develop an array of signature dishes for guests dining in IHG’s hotels across Asia, Middle East and Africa (AMEA). Chef Vikas Khanna’s restaurant, Junoon in New York City, has been awarded with a coveted Michelin star for four yea
159. What Impact is EURO 2012 Having on Hotels in Poland and Ukraine?
There is always a lot of interest in how hotels react to massive global events such as the Rugby World Cup, Olympics, and of course Euro 2012 currently ongoing in Poland and Ukraine. Data compiled by STR Global shows that looking back over the last two weeks hotels, across six cities in Poland and Ukraine, whilst benefiting from the influx of visitors on the night of a game, still
160. Occupancy Rates in Bangkok Hotels Up 26% year-to-May 2011
Occupancy Rates in Bangkok Hotels Up 26% year-to-May 2011. While ADR for the same period has shown weaker growth (0.5%) there has been a stronger recovery in ADR over the last three months. The percentage change in Bangkok's ADR was 4% in April, 15% for May and 11% for June. This has resulted in recent year-on-year RevPAR growth for Bangkok, exceeding that of the Thai market as a w

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