• Abu Dhabi Hotels Report 9.1 Percent RevPAR Decline for September 2018

    9 days ago - By Hotel News Resource

    According to preliminary September 2018 data from STR, Abu Dhabi's hotels reported occupancy dropped 7.4% to 67.4%, ADR dipped 1.9% to 339.02 Emirati dirhams and RevPAR fell 9.1% to 228.45 Emirati dirhams .
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  • Hilton Taipei Sinban Hotel Opens

    Hilton Taipei Sinban Hotel Opens

    9 days ago - By Hotel News Resource

    Hilton and Hilton Hotels & Resorts today announced the opening of Hilton Taipei Sinban. The opening marks Hilton's return to the Taiwan market after 15 years, making it New Taipei City's first international upscale hotel.
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  • Breakingviews TV: Shanghai funk

    Breakingviews TV: Shanghai funk

    9 days ago - By Reuters

    Chinese stocks slumped to multi-year lows this week, part of a global swoon. The decline has led to calls for officials to stabilise markets. Robyn Mak and Christopher Beddor discuss what's driving the selloff and what it means for foreign investors.
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  • Sydney Hotel Industry Reports RevPAR Drop for September 2018

    Sydney Hotel Industry Reports RevPAR Drop for September 2018

    9 days ago - By Hotel News Resource

    Sydney hotels reported occupancy dipped 1.7% to 82.8% in September, according to preliminary monthly data from STR. ADR dropped 0.8% to 211.38 Australian dollars and RevPAR decreased 2.5% to AU$174.95 .
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  • Hotels: Occupancy Rate Declined Slightly Year-over-year

    Hotels: Occupancy Rate Declined Slightly Year-over-year

    9 days ago - By Calculated Risk

    From HotelNewsNow.com: STR: US hotel results for week ending 6 October
    The U.S. hotel industry reported mixed year-over-year results in the three key performance metrics during the week of 30 September through 6 October 2018, according to data from STR.
    In comparison with the week of 1-7 October 2017, the industry recorded the following:
    • Occupancy: -0.9% to 70.9%
    • Average daily rate : +2.4% to US$134.03
    • Revenue per available room : +1.5% to US$95.05
    ...
    Houston, Texas, experienced the steepest declines in occupancy and RevPAR. Houston's hotel performance was lifted in the weeks and...
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