The Baird/STR Hotel Stock Index dipped 2.7% in August to a level of 5,021. Year to date through the first eight months of 2022, the stock index decreased 12.6%.
London hotel performance dipped in August
Aligned with seasonal patterns, London’s hotel performance came in lower than the peak seen during the previous month, according to preliminary August 2022 data from STR.
Abu Dhabi hotels recorded improved occupancy, lower rates in August
Abu Dhabi’s hotel industry recorded improved occupancy from the month prior, but lower room rates, according to preliminary August 2022 data from STR.
Original Group expands its Temptation Resorts brand to Miches, Dominican Republic
It is the first time that the Mexican hotel group opens hotel operations in another country, choosing the next great Dominican tourist destination of Miches in the northeast of the island as its new home.
Melbourne’s hotel performance fell in August
Melbourne’s hotel performance fell from the previous month, but room rates remained well above the pre-pandemic comparable, according to preliminary August 2022 data from STR.
UNITE HERE: At the Federal Reserve’s Doorstep Workers Demonstrate About Economic Woes with Subcontractor
Sodexo food service workers picket the employer at the Federal Reserve building in New York to demand a solution as wages aren’t keeping up with inflation
TUI Way of Working: 10,000 days of flexible working worldwide
More and more employees are taking advantage of the TUI Workwide Programme.
U.S. hotel results for week ending 3 September
U.S. hotel performance dipped from the previous week but continued to improve in comparison with 2019, according to STR‘s latest data through 3 September.
Europe’s key hotel markets surpassed 2019 profitability levels in July
Several of Europe’s largest hotel markets, led by Berlin, surpassed their 2019 levels in gross operating profit per available room (GOPPAR), according to STR‘s July 2022 P&L data release.
Marriott International Signs Agreement for Inaugural Property in Papua New Guinea
Marriott Executive Apartments Port Moresby is Expected to Open in Mid-2023
