Str News

Robin Rossmann, managing director, STR

Robin Rossmann, managing director, STR

19 April 2018 Videos

Speaking to Breaking Travel News at the Arabian Hotel Investment Conference in Ras al Khaimah, Robin Rossmann, managing director at hospitality analytics firm STR, gives us his opinion on the current state of the Middle Eastern market. Also on the agenda is the launch of new product AM:PM, which offers up to the minute insight into the hotel construction pipeline in the region.

London leads growth in UK serviced apartment sector

London leads growth in UK serviced apartment sector

1 February 2018 Hotel News

The UK serviced apartment sector posted strong performance growth in 2017, according to ASAP and STR. Based on STR’s year-end performance figures, UK serviced apartments recorded an actual occupancy level of 81.7 per cent, a 0.2 per cent increase over 2016.

STR reports uptick in European hotel construction

STR reports uptick in European hotel construction

16 November 2016 Hotel News

The October pipeline report from STR shows 153,206 hotel rooms in 1,007 projects are under contract in Europe. The total represents a 14.9 per cent increase in rooms under contract compared with October 2015, suggesting an uptick in confidence in the market.

Japanese hospitality benefits from falling value of yen

Japanese hospitality benefits from falling value of yen

31 October 2016 Hotel News Tourism News

Japan’s hotel industry has benefitted substantially from the devaluation of the Japanese yen, experiencing four consecutive years of double-digit percentage growth in gross operating profit per available room, according to STR. As reported in STR’s Profitability Review, Japan’s GOPPAR reached JPY12,512.18 in 2015, the country’s highest GOPPAR value since the time of the global financial crisis in 2008.