Industry

IHG Global Q1 2017 Comparable RevPAR Up 2.7%

IHG Global Q1 2017 Comparable RevPAR Up 2.7%

admin 08/05/2017 0
7k rooms opened, increasing net system size 3.4% YoY to 767k rooms - 14k rooms (112 hotels) signed; pipeline of 232k rooms Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: “We have made a good start to 2017, with 3.4% net system size growth year-on-year and 2.7% RevPAR growth driven by increases in both rate and occupan...
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US HOTEL OCCUPANCY UP 1.5 PERCENT TO 68.0 PERCENT WEEK ENDING APRIL 30TH - 2016

US HOTEL OCCUPANCY UP 1.5 PERCENT TO 68.0 PERCENT WEEK ENDING APRIL 30TH - 2016

admin 07/03/2017 0
The U.S. hotel industry recorded positive results in the three key performance metrics during the week of 24-30 April 2016, according to data from STR.In year-over-year comparisons, the industry’s occupancy increased 1.5% to 68.0%. Average daily rate for the week was up 0.6% to US$121.15. Revenue per available room rose 2.2% to US$82.34. Among the ...
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MONARCH BEACH RESORT ACCEPTED INTO ASSOCIATED LUXURY HOTELS INTERNATIONAL (ALHI)

MONARCH BEACH RESORT ACCEPTED INTO ASSOCIATED LUXURY HOTELS INTERNATIONAL (ALHI)

admin 30/11/-0001 0
Formerly Known as The St. Regis Monarch Beach, the Newly Independently Branded Beachfront Resort Will Complete An Impressive & Comprehensive $40 Million Resort-Wide Renovation This June.WASHINGTON, D.C. (May 2016) Southern Californias newly independently branded Monarch Beach Resort, which is slated to complete a comprehensive year-long $40 million...
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