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 | Newswire
Hotel investment in Canada has record quarter 16 May, 2012
Canada's Financial Post reports on the heady first quarter of hotel investment in Canada. Overall, there was $360 million in investment activity in the quarter as 20 hotels traded hands. While the number of transactions for the period was down from 22 a year prior, the dollar activity was up from...More>>
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 | Newswire
Meliá Hotels Q1 fueled by positive trends in Latin America and the Caribbean 15 May, 2012
Meliá Hotels International reported a $6-million profit in the first quarter, and said positive trends in the hotel business driven by Latin America and the Caribbean helped. Hotels saw revenue growth of 7.6 percent. Revenue per available room increased by 7.2 percent, supported by an increase of...More>>
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 | Newswire
Morgans Hotel Group's first quarter marked by improving metrics 2 May, 2012
Morgans Hotel Group saw rises in revenue per available room, occupancy rate and average daily rate in the first quarter. RevPAR increased 4 percent in the first quarter of 2012 from the same time a year prior. Occupancy was up 2.1 percent and ADR increased 1.8 percent from the year prior. Adjusted...More>>
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 | Article
PKF: Major markets are getting expensive 30 Apr, 2012
Rising occupancy levels will enable hotel managers in the nation’s major markets to significantly raise their room rates in 2012. The average daily room rate for hotels in the 50 metro areas for which PKF Hospitality Research prepares a Hotel Horizons forecast is projected to increase 5.3 percent...More>>
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 | Newswire
TravelClick: ADR up; group business driving occupancy 27 Apr, 2012
Revenue per available room for hotels nationwide is significantly up – 15 percent year-over-year – based on current reservations on the books for the upcoming 12 months compared to a year ago, according to data from TravelClick. Group business continues to drive occupancy growth, with an...More>>
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 | Newswire
Manhattan Lodging Report: 14 hotels projected to open by year's end in Manhattan 10 Apr, 2012
Sixty-four properties, comprising 13,693 guestrooms, are under construction, approved or in active permitting in Manhattan, according to Lodging Development Group's 2012 Manhattan Lodging Report. Just eight hotels opened in Manhattan in 2011, compared from a 2010 peak of 24 hotels. More>>
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 | Newswire
Hotels back on a profitable path 9 Apr, 2012
Hotels continue to make a strong comeback in 2012, writes Seeking Alpha, noting analysts. Goldman Sachs' Steven Kent raised his rating on Wyndham Worldwide Corp. to buy from neutral last week, saying the hotel chain stands to gain from an improving U.S. economy. According to Sageworks, the industry...More>>
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 | Newswire
Room rates in Singapore expected to rise 9 Apr, 2012
Singapore has been leading the pack when it comes to rate increases in Asia hotel markets, according to new data from CB Richard Ellis.More>>
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 | Newswire
Fontainebleau's success signals strength of South Florida market 4 Apr, 2012
The Miami Herald reports on the success of the largest resort in South Florida, Fontainebleau. Apparently, The Fontainebleau Miami Beach brings in about $800,000 every day, or roughly $9 in revenue every second, The Herald writes, citing a recent credit report. The resort is now on the verge of...More>>
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 | Newswire
STR: ADR, occupancy, RevPAR up week ending March 24 2 Apr, 2012
In year-over-year comparisons for the week, U.S. occupancy was up 1.8 percent to 63.6 percent, average daily rate increased 3.8 percent to $106.51 and revenue per available room was up 5.7 percent to $67.77.More>>
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