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STR Weekly Insights on Global Hotel Industry Performance: 11th August – 17th August 2024

Weekday performance saved an otherwise lackluster week across the U.S. hotel industry. Occupancy was essentially flat for the week with weekdays (Monday through Wednesday) up and the rest of the week down.

August 26, 2024

Economy·STR

Universal Orlando’s new luxury hotel will have an entrance to Epic Universe

Universal Orlando Resort has revealed plans for its newest luxury property: the Universal Helios Grand Hotel, a Loews Hotel. To open as part of the highly anticipated Epic Universe theme park in 2025, the

August 26, 2024

Americas·Development·Loews

Hilton shutters airport hotel on Oakland’s crime-plagued Hegenberger Road

OAKLAND CA — The Hilton hotel on Hegenberger Road next to the Oakland airport will officially shut down on Wednesday but workers said Sunday was its last day of operation. Some workers

August 26, 2024

Americas·Crime·Hilton

Pebblebrook Hotel Trust Provides Operating Update

Pebblebrook Hotel Trust (NYSE: PEB), the largest owner of urban and resort lifestyle hotels in the United States, has released an update on recent operating trends. The company has published an updated presentation

August 23, 2024

Americas·Earnings·Pebblebrooke

Canada Hotels Record First Occupancy Decline in Three Months

After three consecutive months of year-over-year increases, Canada’s hotel industry recorded a decline in occupancy, according to CoStar’s July 2024 data. CoStar is a leading provider of online real estate marketplaces, information

August 23, 2024

Americas·Economy

Adelaide Marriott Hotel Opens

Marriott International, Inc. (Nasdaq: MAR) today announced the opening of its 600th property in the Asia Pacific excluding China (APEC) region with the Adelaide Marriott Hotel. With the 150-year-old landmark Adelaide General

August 23, 2024

Development·Eurasia·Marriott

Hilton Signs New Agreement for Hilton Munich Park Hotel

Hilton (NYSE: HLT) today announced the signing of a new long-term agreement for Hilton Munich Park with a joint venture company of Commerz Real AG and Hines. Hilton will continue to manage

August 23, 2024

Development·Europe·Hilton

FBI investigating maggot incident at DNC hotel breakfast buffet

The Chicago police and the FBI are investigating if saboteurs placed maggots in a breakfast buffet served to delegates at the Democratic national convention in Chicago. Delegates from Indiana, Minnesota, Ohio, Missouri and South

August 23, 2024

Americas·Fairmont·Legal

IHG Announces Half Year Results to 30 June 2024

Strong performance with operating profit from reportable segments +12% and Adjusted EPS +12%; record signings; on track to return over $1bn to shareholders; confident in long-term growth drivers 2024 2023 %

August 23, 2024

Earnings·IHG

Hotel Indigo Debuts in the Scenic Highlands of Bandung in Indonesia

INDONESIA, 16 August 2024 – Hotel Indigo, part of IHG Hotels & Resorts’ luxury and lifestyle collection, has opened Hotel Indigo Bandung Dago Pakar, its second property in Indonesia. Each Hotel Indigo is as unique as

August 23, 2024

Asia·Development·IHG