The Middle East/Africa region reported mostly negative performance results during November 2011 when reported in U.S. dollars, according to data compiled by STR.
Hotel occupancy in Abu Dhabi during the Etihad Airways Formula 1 Grand Prix improved when compared to last year, according to the latest statistics from STP Global. However, figures remained below peaks reached during the inaugural 2009 event – despite performances from artists as diverse as Britney Spears and Paul McCartney during a spectacular weekend of entertainment.
STR Global is expanding its worldwide operations to India. In partnership with Horwath HTL-India, the new operation includes the appointment of a Business Development Manager based in the offices of Horwath HTL-India in Mumbai.
The Belgium hotel market has seen modest but positive changes in revenue per available room (RevPAR) across all significant markets during the first half of 2011, reports STR Global, the leading provider of market data to the world’s hotel industry.
STR Global, the provider of market data to the world’s hotel industry, is pleased to announce the appointment of Philip Wooller as Area Director Middle East and Africa with immediate effect. Based in Dubai, Wooller will have responsibility for sales and business development across the region.
The Pacific Asia Travel Association (PATA) has entered a partnership with STR Global, as part of PATA’s new strategic direction to “Build the Business” for members. PATA members will benefit by receiving access to accommodation sector indicators that will enable better decision making.
The Baird/STR Hotel Stock Index ended March with a 4.9-percent decrease to 2,294. During the first quarter of 2011 the index was down 3.0 percent. The Hotel Stock Index ended 2010 at 2,364.
The U.S. hotel industry’s average daily rate increased by more than 4 percent for the first time in 2011 during the week of 20-26 March 2011, according to data from STR.
The U.S. hotel industry reported increases in all three key performance metrics during the week of 26 September-2 October 2010, according to data from STR.
The U.S. hotel industry reported increases in all three key performance measurements during the week of 8-14 August 2010, according to data from STR.