U.S. hotel performance came in higher than the previous week but showed weakened comparisons to 2019, according to STR‘s latest data through 3 December.
Adelaide hotel bookings jump for sport-heavy April
The recent announcement that Adelaide will host the Australian Football League’s (AFL) Gather Round and LIV Golf in April 2023 has resulted in a boost in the market’s hotel occupancy on the books, according to STR’s Forward STAR data.
Baird/STR Hotel Stock Index rose 2.7% in November
The Baird/STR Hotel Stock Index rose 2.7% in November to a level of 5,430. Year to date through the first 11 months of 2022, the stock index was down 5.5%.
Berlin hotel performance fell in November
Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.
Higher interest rates put the brakes on commercial property transaction activity
The office sector has reclaimed its status as Australia’s most traded commercial property asset class as higher interest rates put a brake on overall transaction activity in 2022.
Sydney hotels recorded highest performance of pandemic-era in November
Sydney’s hotel industry recorded its highest performance levels of the pandemic-era, according to preliminary November 2022 data from STR.
Jeddah’s hotel performance surpassed pre-pandemic levels in November
Jeddah’s hotel performance came in lower than the month prior but surpassed pre-pandemic comparables, according to preliminary November 2022 data from STR.
Six Senses celebrates plastic freedom this holiday season
Six Senses has always believed in taking guests beyond destinations into new experiences and cultures, so they feel the purpose behind their travels. But the past few years have provoked a renewed appreciation that exploration and escape go hand in hand with thinking about the impact this has on the environment and local communities.
Majority of Americans view bipartisan immigration reform as solution
On Thursday, the hotel industry launched the Workforce & Immigration Initiative to emphasize the need for Congress to support the U.S. workforce and economy through bipartisan solutions to fix our nation’s broken immigration system, as reported in Hotel Business, Hotel Management, and Travel Daily News, among others. This comes as discussions on immigration reform in Congress ramp up before the end of the year and nearly all hotels are experiencing staffing shortages. Hotels are looking to fill many of the jobs lost during the pandemic, including more than 105,000 hotel jobs currently open across the nation.
Hyatt announces plans for Hyatt Centric Escazu San Jose
Hyatt Hotels Corporation announced today that a Hyatt affiliate has entered into a management agreement with an affiliate of Caribe Hospitality S.A. for Hyatt Centric Escazu San Jose. Expected to open in 2024, the lifestyle hotel will debut the Hyatt Centric brand in Costa Rica and will mark the third Hyatt Centric hotel in Central America, further demonstrating Hyatt’s intentional brand growth in Latin America and the Caribbean region, fueled by leisure travel demand.
