Vacation & Leisure Real Estate
(KUNMING, CHINA) -- In one of the more unique golf courses around, Skyait Golf Club recently completed its Eagle Par 3 hole, in the shape of a large eagle. The par-three hole, designed by Cynthia Dye, principal architect of Dye Designs Group (DDG), is being used a marketing tool for the club and its future expansion. Read More
According to a report from STR Global and Whitebridge Hospitality, London's hotel profitability has been challenged in recent years due to the combination of new supply and the macroeconomic environment. During the 11-year period, the gap between the regions and London in terms of gross operating profit performance per available room increased. Read More
The Kingdom of Bahrain has signaled new optimism in the nation's employment and real estate sectors with the recent confirmation of construction work on the Four Seasons Hotel situated at Bahrain Bay - the country's highest-profile, master-planned $2.5 billion waterfront community. Read More
Based on new hotel data compiled by STR Global, hotel markets across the world reported mostly positive performance gains in October 2011. The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for October 2011. Read More
An upscale private residence club has been launched in Ireland. The Adare Manor Residence Club in County Limerick will offer members a share in two- or four-bedroom residences in a private, gated enclave next to the Adare Golf Club. Membership in the Golf Club, host of the 2007 and 2008 Irish Open where Lee Westwood shot the course record 64, ... Read More
Mark Sharp, the chief executive of the Association of International Property Professionals (AIPP) claims that fractional ownership will take its place in the real estate mainstream as whole ownership vacation homes become less accessible due to the ongoing global economic crisis. Read More
This week STR Global released their monthly Construction Pipeline Report for October 2011 for the following markets. Based on the October 2011 STR Global Construction Pipeline Report, Europe hotel development pipeline comprises 841 hotels totaling 134,437 rooms. Read More
According to STR Global, hotel occupancy performance in Abu Dhabi following the Formula 1 Grand Prix that took place last weekend (November 11th to 13th) on Yas Island was up compared to 2010, but remained lower than the first race weekend in 2009. Read More
(LOS MICOS, HONDURAS) -- Hall of fame golfer Gary Player recently visited his first golf course design project in Honduras, Los Micos Beach & Golf Resort, to review the construction progress and to work with the Los Micos' environmental consultant to closely review areas along the coast that have environmentally sensitive dunes and vegetation. Read More
According to STR Analytics' Hotel Investors Gauge, debt and equity trends remained steady during the third quarter despite hiccups in the global marketplace. "Although the national and global economies seem to be on a rollercoaster ride of late, hotel investment continues to have a strong outlook," said Steve Hennis, director at STR Analytics. Read More
(ISTANBUL, TURKEY) -- Wyndham Hotel Group recently announced the signing of an agreement to open a second franchised Wyndham Hotels and Resorts property in Turkey, the Wyndham Istanbul Kalamis Marina. The luxury hotel, owned by Reisler Deri Sanayi Ve Ticaret Limited Siketi, is due to open in autumn 2012. Read More
According to data from STR Global, the situation continues to deteriorate for hoteliers in Bangkok as floodwaters begin to infiltrate the city and surrounding areas. Read More
Starwood Hotels & Resorts announced this week the grand opening of The Naka Island, A Luxury Collection Resort & Spa, Phuket. An exclusive, all-villa island hideaway just minutes from the coast of Phuket, The Naka Island is hidden treasure of luxury in an exceptional setting that offers guests a totally unique opportunity to immerse themselves into the rich Thai experience. Read More
(TIANJIN, CHINA) -- Today St. Regis Hotels & Resorts announced the opening of The St. Regis Tianjin, a new landmark on a rapidly evolving city skyline that is destined to become Northern China's most prestigious gateway for business leaders, society tastemakers and discerning travelers. Read More
According to STR Global, the Nordic countries of Denmark, Finland, Iceland, Norway and Sweden all showed increases in demand in year-to-September results. Likewise, the year-on-year change in demand (rooms sold year-to-September) in each of the country's capital cities also was positive, ... Read More
According to STR Global, the Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for September 2011. The Americas region ended September with a 5.4-percent increase in occupancy to 63.4 percent, a 3.8-percent gain in average daily rate to US$105.08, ... Read More
(ST. KITTS, BRITISH WEST INDIES) -- Kittitian Hill, a new luxury mixed-use resort community in St. Kitts and Nevis, announced it was joining Interval Leisure Group's Preferred Residences network. The marketing partnership was announced this week at Interval's 12th annual Vacation Ownership Investment Conference in Orlando. Read More
According to STR Global, demand growth in Dubai's hotel industry was up 16.5 percent year-to-date August compared to the previous year. However, demand growth in terms of total rooms occupied and new hotel supply were unequally spread between all six segments tracked. Read More
Based on STR Global's Market Forecast, most year-on-year improvements projected in revenue per available room for the remainder of 2011 with some slowdown expected in 2012 for the 45 markets available. The gains will be led mainly through increases in rate rather than through occupancy increases. Read More
According to STR Global, Tokyo's daily hotel performance came back to normality after the September 21 typhoon "N°15" paralyzed the city and its rail network. The typhoon's impact can be seen in the daily occupancy performance reported by a sample of mainly upper-upscale and luxury hotels in Tokyo. Read More
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| U.S. Hotels (Dec. 2011) |
Occupany Rates | Avg. Daily Rates (USD) |
|---|---|---|
| Luxury | 60.2% | $283.28 |
| Upper Upscale | 54.8% | $141.08 |
| Upscale | 56.0% | $108.15 |
| Upper Midscale | 47.1% | $89.00 |
| Midscale | 41.6% | $69.04 |
| Economy | 43.6% | $47.27 |
| Independents | 45.1% | $99.42 |
| TOTAL U.S. | 47.6% | $99.67 |
Source: STR
| International Hotels (By Region, Dec. 2011) | Occupany Rates | Avg. Daily Rates (USD) |
|---|---|---|
| Americas | 48.0% | $103.01 |
| Asia/Pacific | 65.1% | $145.96 |
| Europe | 53.9% | $124.00 |
| Middle East/Africa | 56.4% | $175.67 |
Source: STR Global
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