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| Market Report Munich |
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| Munich hotels reported mixed year-over-year performance in October, according to preliminary monthly data from STR. Occupancy declined 3.1% to 79.9%, ADR rose 1.6% to €144.00 ($167.78) and RevPAR dropped 1.5% to €115.04 ($134.04). Read more |
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| Market Report London |
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| Hotels in London reported mixed year-over-year performance in October, according to preliminary data from STR. Occupancy declined 1.9% to 83.4%, ADR grew 2.3% to £152.27 ($201.07) and RevPAR increased 0.4% to £126.96 ($167.65). Read more |
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| Market Report Abu Dhabi |
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| Abu Dhabi's hotel market posted positive year-over-year performance in October, according to preliminary data from STR. Occupancy grew 12.7% to 80.9%, ADR increased 2.3% to 465.58 Emirati dirhams ($126.75) and RevPAR was up 15.3% to 376.88 Emirati dirhams ($102.60). Read more |
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| Canadian Hotel Transaction Trends |
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| A steady sales pace continued through the third quarter with approximately $473 million in closed volume, raising the year-to-date national total to over $2.6 billion Read more |
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| Hotel Development China |
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| Located at Haitang Bay, Atlantis, Sanya Hainan will encompass 540,000 square meters of unparalleled experiences embodied in China's newest five-star luxury resort. Read more |
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| Hotel Development Manhattan |
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| Anbang Insurance Group New York Office and AECOM Tishman announced today that the first phase of construction work to renovate and restore the historic Waldorf Astoria New York will begin in December. Read more |
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| Camelback Resort CEO Appointment |
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| Czarnecki will oversee Camelback Mountain, Camelbeach Waterpark, Camelback Lodge & Aquatopia Indoor Waterpark, and Camelback Adventures, while also leading the marketing, advertising and brand direction for the new H2OBX Waterpark, Outer Banks, North Carolina, which opened summer, 2017, and The Kartrite Hotel & Indoor Waterpark, Monticello, NY, which will debut December, 2018. Read more |
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| AccorHotels Drops Booking Service |
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| AccorHotels, Europe’s largest hotel group, said on Thursday it would pull the plug on an online service that enables independent hotels to offer rooms on its booking website because the scheme had failed to meet expectations. Read more |
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| Hotel Vs. OTAs |
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| Online travel booking sites Priceline Group and TripAdvisor took a beating from investors on Tuesday, highlighting how the companies’ once industry-disrupting model is under growing pressure from other competitors. Read more |
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