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Disney Opens 'Luxury Pet Resort' in Orlando

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

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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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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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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