STR and Tourism Economics adjusted occupancy slightly downward but maintained previous projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S. hotel forecast revision of 2022. Revenue per available room (RevPAR) remains on track for full recovery this year on a nominal basis but not until 2025 when adjusted for inflation.
Dusit Hotels and Resorts in Thailand heat up the winter season
The Always Warm with Dusit campaign offers unbeatable 30-night room rates, exclusive savings on dining and spa treatments, and the option to stay at up to six different Dusit Hotels and Resorts throughout Thailand. Available now exclusively for members of Dusit’s guest recognition programme, Dusit Gold.
U.S. hotel results for week ending 19 November
U.S. hotel performance came in lower than the previous week and showed improved occupancy and revenue per available room (RevPAR) comparisons to 2019, according to STR‘s latest data through 19 November.
IHG Hotels & Resorts’ Vignette Collection brand lands in Patong, Thailand
IHG Hotels & Resorts one of the world’s leading hotel companies, is proud to announce that its Luxury & Lifestyle collection brand, Vignette Collection, will come to the famed beach destination of Patong in partnership with Dinso Resort Co., Ltd in mid-2023.
Omni Tempe Hotel at Asu now accepting bookings on April 28, 2023
Today, the highly anticipated Omni Tempe Hotel at ASU announced that it is accepting reservations for stays beginning on April 28, 2023, with rates starting at $275 per night.
The Ritz-Carlton announces new partnership with Diptyque
Introducing premier Diptyque bath amenities across the portfolio, The Ritz-Carlton will celebrate the partnership with a bespoke gift set and pop-up shops at select properties around the world this festive season
Hotel conversions in Europe’s Hotel construction pipeline reach all-time high
According to the Q3 2022 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that at the close of the third quarter, Europe’s hotel construction pipeline stands at 1,660 projects/with 258,476 rooms. Projects under construction in Europe stand at 790 projects/with 126,899 rooms, while projects planning to start construction in the next 12 months recorded 408 projects/with 60,085 rooms. Projects in the early planning stage have 462 projects/71,492 rooms.
Splendid Hospitality expands portfolio with Mercure
Splendid Hospitality, one of the UK’s fastest growing privately-owned hospitality management companies, has expanded its portfolio with the new Mercure Dumfries Cargenholm House, due to open 5 December 2022. Located close to the historic market town of Dumfries yet surrounded by countryside, the hotel offers an idyllic getaway for a break in coastal Scotland.
Baird/STR Hotel Stock Index jumped 15.8% in October
The Baird/STR Hotel Stock Index jumped 15.8% in October to a level of 5,286. Year to date through the first 10 months of 2022, the stock index was down 8.0%.
London’s hotel ADR and RevPAR surpassed pre-pandemic levels in October
London’s hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the pre-pandemic comparable, according to preliminary October 2022 data from STR.
