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Disney Opens 'Luxury Pet Resort' in Orlando
Posted by Michael Gerrity 09/03/10 1:44 PM EST
Walt Disney World Resorts (NYSE:DIS) announced this week the opening of their new 'luxury pet resort' called Best Friends Pet Care. The one-of-a-kind pet resort offers 17,000 square feet of air-conditioned indoor space, 10,000 square feet of covered outdoor runs and play areas, Read More
Headlines
- U.S. Hotel Industry's Leading Indicator Index Flattens
- Taj Boston Prepares for Hotel's Wood-Burning Season
- Fractional Industry Wrestles with Economic Times at Industry Summit
- Hilton Curacao Teams up with Ocean Encounters
- Smart Phone's Now Impacting Consumer Travel Habits
- St. Lucia's Jalousie Plantation Gets New Investors
- U.S. Hotels Continue Performance Gains in August
- Chinese Investors Ogle Hawaii's Hotels but Visa Bottleneck Hinders Action
- Europe Based Club La Costa Resorts & Hotels Purchases Encantada Resort in Kissimmee, Florida
US Markets
Vacation & Leisure Real Estate News
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U.S. Hotel Market Continues to Enjoy Performance Gains in July
Posted by Michael Gerrity 08/23/10 10:15 AM EST
According to the latest report from Smith Travel Research (STR), the U.S. hotel industry posted increases in all three key performance measurements during July 2010.In year-over-year measurements, the industry's occupancy was up 7.0 percent to 67.9 percent. Average daily... Read More
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Nantucket Boat Basin Earns Top Marina Award
Posted by Scott Kauffman 08/19/10 9:00 AM EST
(NANTUCKET, MA) -- The Nantucket Boat Basin, owned by Nantucket Island Resorts, has been all over the news recently for winning the Marinalife Best Transient Marina Award, and now the Boat Basin is being honored yet again as the recipient of Nantucket Race Week's Clean Harbor Award. Read More
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U.S. Hotel Sector Continues Performance Gains in Early August
Posted by Michael Gerrity 08/16/10 9:50 AM EST
According to the latest market data from Smith Travel Research (STR), the U.S. hotel industry reported increases in all three key performance measurements during the week ending August 7, 2010.In year-over-year measurements, the industry's occupancy increased 6.7 percent to 70.2... Read More
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Salish Cliffs Golf Club Names Head Superintendent
Posted by Scott Kauffman 08/12/10 8:42 AM EST
(SHELTON, WASHINGTON) -- Salish Cliffs Golf Club - the latest amenity of the Squaxin Island Tribe's Little Creek Casino Resort - has named industry veteran and Washington native Bob Pearsall as head superintendent. Read More
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U.S. Hotel Industry to End 2010, Start 2011 with Uptick in Performance Metrics
Posted by Michael Gerrity 08/12/10 8:35 AM EST
According to Smith Travel Research (STR) latest forecast update, the U.S. hotel industry is projected to end 2010 with increases in two of the three key performance measurements. Read More
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PGA National Resort & Spa Salutes Active Military with Labor Day Special
Posted by Scott Kauffman 08/09/10 8:30 AM EST
(PALM BEACH GARDENS, FL) -- PGA National Resort & Spa - home of the PGA TOUR Honda Classic - invites all active duty military to enjoy a complimentary one night stay over Labor Day weekend, September 3-6. Read More
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U.S. Hotels Show Performance Gains in July
Posted by Michael Gerrity 08/06/10 2:40 PM EST
According to data from Smith Travel Research (STR), the U.S. hotel industry reported increases in all three key performance measurements during the week ending July 31, 2010.In year-over-year measurements, the industry's occupancy increased 6.8 percent to 71.0 percent. Average daily... Read More
International Markets
Vacation & Leisure Real Estate News
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Royal Caribbean Targets Belize Peninsula for Cruise 'Tourism Village'
Posted by Kevin Brass 08/23/10 10:31 AM EST
After months of speculation, Belize government officials confirmed last week that Royal Caribbean Cruise Lines wants to build a "tourism village" near the remote village of Placencia.Ministry of Tourism chief executive Mike Singh told reporters the cruise company plans a... Read More
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STR Releases Global Hotel Construction Pipeline Report for July 2010
Posted by Michael Gerrity 08/20/10 8:30 AM EST
According to the July 2010 STR Global Construction Pipeline Report released this week, the Asia/Pacific hotel development pipeline comprises 1,029 hotels totaling 256,060 rooms. China reported the largest number of rooms in the total active pipeline (139,193 rooms) Read More
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Japan Hotelier Plans Tiny 640-Room Hotel in Queens, New York
Posted by Alex Finkelstein 08/18/10 8:30 AM EST
Hotel rooms at $100 a night in metro New York? Forget it. But wait. Here comes scrabble-like named hotelier Toyoko Inn Co. The hotelier plans to build a 640-room tower in the Queens borough market of Long Island City. Read More
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Brazil's Hotel Market Heats Up Despite Weak Global Economy
Posted by Michael Gerrity 08/17/10 10:46 AM EST
According to Jones Lang LaSalle Hotels' Lodging Industry in Numbers - Brazil 2010, Brazil experienced a quick rebound in economic fundamentals in the second half of 2009 resulted in average daily rate (ADR) growth of 10.4 percent for the year. Read More
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International Buyers Dominate Miami's Residential Sales
Posted by Kevin Brass 08/16/10 4:18 PM EST
An estimated 60 percent of home sales in South Florida these days involve a foreign buyer, according to the Miami Association of Realtors. That's an astounding number, no matter how you analyze the real estate market. Not only are international buyers playing a key role, Read More
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Mexico Tourism Board Needs to Fight News Headlines
Posted by Kevin Brass 08/16/10 3:58 PM EST
It's easy to feel sympathy for the Mexico Tourism Board these days. Against a backdrop of news reports about beheadings and mass murders, the board's job is to convince tourists to choose Mexico as the perfect spot for a relaxing vacation. Read More
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Famed Taj Mahal Reopens Historic Heritage Wing
Posted by Scott Kauffman 08/16/10 8:30 AM EST
(MUMBAI, INDIA) -- The historic heritage wing of Taj Hotels, Resorts and Palace's 1903 flagship in Mumbai overlooking the Gateway to India and the Arabian Sea will reopen on August 15, India's Independence Day, bearing the name, "The Taj Mahal Palace, Mumbai." Read More
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Real Estate Dashboard™
Vacation & Leisure
| U.S. Hotels & Resorts (By Segment | Jul '10) |
Occupany Rates | Avg. Daily Rates (USD) |
|---|---|---|
| Luxury | 72.1% | $234.48 |
| Upper Upscale | 74.6% | $136.52 |
| Upscale | 72.9% | $105.86 |
| Midscale with Food & Beverage | 63.7% | $88.47 |
| Midscale without Food & Beverage | 69.3% | $88.27 |
| Economy | 62.3% | $53.92 |
| Independents | 66.8% | $100.69 |
| TOTAL U.S. | 67.9% | $99.14 |
Source: Smith Travel Research / STR Global
| International Hotels (By Region | Jul '10) | Occupany Rates | Avg. Daily Rates (USD) |
|---|---|---|
| Americas | 67.9% | $100.93 |
| Asia/Pacific | 67.3% | $124.93 |
| Europe | 70.9% | $131.39 |
| Middle East/Africa | 61.3% | $145.00 |
Source: Smith Travel Research / STR Global

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