Str Global News

STR: Mecca leads way in Ramadan hospitality bookings

STR: Mecca leads way in Ramadan hospitality bookings

An STR analysis of the first half of Ramadan 2016 indicates that Mecca, Saudi Arabia, was the only major hotel market in the Middle East to experience an increase in revenue per available room during the first two weeks of the holiday. STR compared preliminary daily data for six hotel markets in the Middle East from June 6th-20th, 2016, with the June 18th through July 2nd Ramadan time period last year.

STR warns of ‘strong headwinds’ in Brexit vote

STR warns of ‘strong headwinds’ in Brexit vote

23rd Jun 2016 Hotel News

The United Kingdom’s hotel industry is in the midst of 30 consecutive months of moving average revenue-per-available-room growth. However, the industry could face strong headwinds for future growth if voters approve a measure to exit the European Union today, according to STR.

STR: Cairo leads African hotel development

STR: Cairo leads African hotel development

Cairo and Cape Town’s hotel markets have experienced strong performances over the past five years, according to figures from data and analytics specialist STR. Despite political turmoil, Cairo is starting to recover and the compound of annual growth rate for revenue per available room was up 14.9 per cent for the 2011 to 2015 time period.

Timmons takes up senior operations role at STR

Timmons takes up senior operations role at STR

Data and analytics specialist STR has named Jon Timmons as the company’s new chief operations officer. Timmons joins STR after a four-year stint at eviCore health care. His first two years with the company were split between director of business intelligence and data warehousing, then he became vice president for technology with a focus on enterprise data management.

STR reveals strong increase in Mexican hotel RevPAR

STR reveals strong increase in Mexican hotel RevPAR

28th Apr 2016 Hotel News Tourism News

The Mexican hotel industry reported mixed results in the three key performance metrics for the first quarter of 2016, according to data from STR released to coincide with Tianguis Turístico. Compared with quarter 2015, the Mexican hotel industry’s occupancy dipped 1.9 per cent to 63.8 per cent. However, a 21.6 per cent rise in average daily rate to MXN2,442.49 drove revenue per available room up 19.2 per cent to MXN1,557.11.

STR Global records positive trend for London hotel market

STR Global records positive trend for London hotel market

11th Apr 2014 Hotel News

Preliminary data from STR Global for March suggest London hotels showed positive growth in the key performance indicators, with a 0.8 per cent increase in occupancy, to 79.9 per cent, recorded. Supply of hotel rooms increased 1.1 per cent, while demand increased 1.9 per cent), and the average daily room rate increased 7.7 per cent to £132.88 when compared to a year earlier.

Kazakhstan leads European hotel grow

Kazakhstan leads European hotel grow

The Europe hotel development pipeline comprises 816 hotels totalling 134,819 rooms, according to the August 2013 STR Global Construction Pipeline Report. The total active pipeline data includes projects in the In Construction, Final Planning and Planning stages but does not include projects in the Pre-Planning stage.

Promising future for Africa despite challenges

Promising future for Africa despite challenges

2nd Aug 2013 Press Release Tourism News Organisations & Operators

Latest analysis by STR Global, leading provider of data on the hotel industry, reveals that despite high levels of inflation and political uncertainty, Africa is proving that it is a growing tourist and business destination as hotels in a number of key markets are reporting performance increases for year-to-date (YTD) June 2013.