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Today's Headlines:
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Global Rate, RevPAR Increase In July
The global hotel industry recorded positive growth in ADR and RevPAR in July, according to data from STR and STR Global. July occupancy fell in all but one world region.
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Orlando Rates Drop For First Time In 5 Years
Hotels of all kinds trimmed their room rates in metro Orlando last month, something that has not happened in almost five years. Hoteliers reduced their average room rate 1.3% in July.
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Investors Ask OEH To Cancel 'Super' Shares
Orient-Express Hotels has come under pressure from two influential hedge fund investors to cancel the special anti-takeover voting right shares vested with its promoters.
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Mideast Migration, Opera Lift Munich
July was a mixed month for Europe chain hotels, with year-on-year profit growth in half of the cities surveyed by TRI Hospitality Consulting. Gross operating profits increased in Budapest, Hamburg, London, Munich and Paris.
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KOP Buys Stein Stake, Will Expand In Asia
Singapore-based KOP Capital, which is owned by Dubai Group, will buy a 50% stake in Europe hotel chain Stein Group for US$250 million and will spend about the same amount on new hotels in Asia.
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Hotel Charges Fat Kids More For Dinner
Oulton Hall in Leeds, Yorkshire, has begun weighing children and charging fat ones more for Sunday lunch. Youngsters are asked to step on to the scales to determine how much their meal should cost.
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HOTELS Blog: Staycations Here To Stay?
Jeff Weinstein writes: "What do you make of the staycation trend? Is this just another in a long line of meaningless buzzwords?"
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Design Blog: With Disasters, Speed Needed
Roger Hill writes: "With Katrina’s three year anniversary looming and Gustav gearing up for a Labor Day battering of the Gulf of Mexico next week, (the biggest since Wilma in 2005, they fear,) I thought that it might be appropriate to blog a little bit about hurricane and other natural disaster preparedness."
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