Str Global News

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

2 August 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.

47 hotels 6,121 rooms opened in the Central and South America during 2012

47 hotels 6,121 rooms opened in the Central and South America during 2012

19 January 2013 Press Release Hotel News

Among the Chain Scale segments, the Upscale segment added the most new rooms in 2012 with 11 hotels and 2,017 rooms. Four other segments reported more than 500 new rooms in 2012: the Upper Upscale segment (three hotels with 1,849 rooms); the Upper Midscale segment (seven properties with 907 rooms); the Midscale segment (17 hotels with 601 rooms); and the Independent segment (seven hotels with 539 rooms).

Summer forecast predicts strong US hotel performance

Summer forecast predicts strong US hotel performance

6 May 2012 Tourism News

The U.S. hotel industry is expected to report strong performance results in summer 2012, according to STR’s summer forecast. Occupancy for June, July and August is expected to rise 1.8 percent to 69.0 percent, average daily rate to increase 3.9 percent to US$106.64 and revenue per available room to increase 5.7 percent to US$73.59.

Saudi Arabian markets lead GCC’s RevPAR growth in Q1

Saudi Arabian markets lead GCC’s RevPAR growth in Q1

28 April 2012 Tourism News

During the first quarter of 2012, the major markets across the Gulf Cooperation Council (GCC) reported mixed results in revenue per available room (RevPAR) following mostly positive performance for year-end 2011, according to hotel market data provider STR Global.

Berlin hotel demand set to grow six per cent in 2012

Berlin hotel demand set to grow six per cent in 2012

6 March 2012 Tourism News

The European hotel market reported overall positive revenue per available room growth 12-months to January, according to hotel data provider STR Global. Despite the economic conditions a majority of the 157 cities and destinations tracked in Europe, only 15 saw declining demand while demand growth is expected in Berlin, London and Vienna in 2012.

Qatar records positive hotel performance for 2011

Qatar records positive hotel performance for 2011

16 February 2012 Hotel News Tourism News

Qatar has recorded positive hotel performance results in 2011 according to STR Global, reflecting increasing demand and interest in business and tourism as it prepares to host the 2022 World Cup. Occupancy remained stable last year edging 0.4 per cent higher from 2010 while average daily rates increased 0.7 per cent STR Global said.

STR Global adds to India coverage, reveals updated India hotel data

STR Global adds to India coverage, reveals updated India hotel data

14 January 2012 Press Release Hotel News

India’s hotel industry showed overall year-to-date (YTD) November 2011 growth in performance data and the supply pipeline, STR Global announced today in conjunction with the start of the Hotel Investment Forum India (HIFI) conference in Mumbai. In addition, London-based STR Global, the leading provider of market data to the hotel industry, is pleased to announce today at HIFI the appointment of Dhritiman Mukherjee as Business Development Manager.