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STR: Modest increases expected in ’12, ‘13

January 30, 2012 Financial No Comments

The U.S. hotel industry is expected to report steady RevPAR  increases in both 2012 and 2013, according to the most recent forecast from STR, in partnership with Tourism Economics. … Continue Reading

Air Zimbabwe’s Liquidation Benefits SAA

January 27, 2012 Financial No Comments

South African Airways (SAA) and Emirates are set to cash in on the woes that have gripped Zimbabwe’s state-owned airline, Air Zimbabwe, which was placed under judicial management because of a $140m debt. … Continue Reading

Net Income Of $379 Million For Delta Air Lines’ December Quarter

January 27, 2012 Financial No Comments

Delta Air Lines has presented its financial results for the December 2011 quarter and highlights for the quarter include net income of $379 million, or $0.45 per diluted share, excluding special items, this is a $221 million improvement year over year.  Delta’s net income for 2011 was $1.2 billion, excluding special items, as the company offset $3 billion higher fuel expense through strong revenue performance and its fuel hedging program. The airline’s GAAP net income was $425 million or $0.50 per diluted share, for the December 2011 quarter and $854 million for 2011. … Continue Reading

Hotwire Reveals January 2012 Travel Savings Indicator

January 27, 2012 Financial No Comments

Hotwire.com®, a leading discount travel site, today released the January 2012 Hotwire® Travel Savings Indicator, which features the top five cities in North America where hotel, air and car rental rates have dropped the most compared with the same time last … Continue Reading

STR Global: Americas hotel results for 2011

January 27, 2012 Financial No Comments

The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars for 2011, according to data compiled by STR and STR Global. … Continue Reading

STR Global: Europe hotel performance results for ‘11

January 27, 2012 Financial No Comments

The European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for 2011, according to data compiled by STR Global. … Continue Reading

Grace International Acquires San Francisco Luxury Hotel, The Huntington Hotel

January 26, 2012 Financial No Comments

Grace International, Singapore’s fast-rising international luxury hospitality-management group, is proud to announce its procurement of the celebrated San Francisco luxury hotel, The Huntington Hotel of Nob Hill late in 2011. … Continue Reading

STR Global: Asia/Pacific hotel results for 2011

January 26, 2012 Financial No Comments

Hotels in the Asia/Pacific region experienced positive results in the three key performance metrics in 2011 when reported in U.S. dollars, according to data compiled by STR Global. … Continue Reading



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