Makkah and Medina, Saudi Arabia, were the only major hotel markets in the Middle East to experience increases in RevPAR during Ramadan 2016.
Ramadan’s impact on Middle East hotels
Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room (RevPAR) during the first two weeks of the holiday.
STR acquires LJ Research
The acquisition will enable STR to provide more comprehensive solutions to clients, particularly in the government, tourism and destination verticals.
London hotels expected to perform better in 2017: Report
According to the quarterly forecast report from STR and Tourism Economics, the performance recovery in 2017 is expected to be driven by domestic demand.
Amanda Hite promoted to STR President and Chief Executive Officer
Hite is in her 11th year with STR, and she served as president and COO for the last five. Under her leadership, STR’s employee base has grown to 250 worldwide.
$40.5b spent on US hotel real estate in 2015
The total represents a significant increase from the roughly US$30 billion invested in the industry during 2014.
The impact of terrorism on Europe’s hotel industry
On average, European hotel markets experience stabilized performance results within approximately three months following a terror attack and
there is a greater impact on occupancy levels than on average daily rate (ADR).
Europe hotel industry passes U.S. in growth for the first time since 2010
In U.S. dollar constant currency, Europe’s year-end 2015 RevPAR growth reached +6.9%, while growth in the U.S. hit +6.3%.
Largest brands and parent companies by Chain Scale segment: STR 2015 census database
Chain Scales accounted for roughly 70% of the 5 million rooms in the U.S., with Upscale and Upper Midscale the strongest growth segments.
Australian Open an ace for Melbourne hotels
Hotels in Melbourne experienced significant increases in occupancy and average daily rate during the Australian Open Tennis Championship, according to preliminary daily data from STR Global.
