Latest news with #Occupancy
Travel Daily News
19-05-2025
- Automotive
- Travel Daily News
Saudi Arabian Grand Prix drove Jeddah hotel occupancy to an April high
Driven by the Formula 1 Grand Prix, Jeddah hotels achieved record April occupancy and RevPAR, with peak performance during race weekend. ARLINGTON, VA. – Pushed by the Formula 1 Grand Prix, Jeddah's hotel industry saw its highest April occupancy level on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets. The 2025 Formula 1 stc Saudi Arabian Grand Prix took place in the city of Jeddah for the fifth time from April 18th-20th. April 2025 (year-over-year % change): Occupancy: 82.5% (+21.1%) Average daily rate (ADR): SAR833.79 (+9.6%) Revenue per available room (RevPAR): SAR688.23 (+32.7%) In addition to occupancy, the market recorded its highest April RevPAR since 2014. Jeddah's highest daily occupancy (96.5%) was posted on Sunday, 20 April, marking the highest level in the market since June 2014. ADR (SAR 1,604.34) and RevPAR (SAR 1,527.74) peaked on the second night of the event (Saturday, 19 April) and were the highest in Jeddah since March 2024. Overall, the market's daily occupancy levels remained above 70% on all but three nights during the month.
Business Upturn
22-04-2025
- Automotive
- Business Upturn
TransCore Enhances Houston METRO's HOV/HOT Lanes with Advanced Automation
By GlobeNewswire Published on April 22, 2025, 19:00 IST NASHVILLE, Tenn., April 22, 2025 (GLOBE NEWSWIRE) — TransCore, a global leader in intelligent transportation and tolling solutions, has successfully completed a full central software replacement for the Metropolitan Transit Authority of Harris County (METRO), modernizing its High Occupancy Vehicle (HOV)/High Occupancy Toll (HOT) Lanes' Automated Reversible Gate Operations (ARGO) system. The upgraded system officially went live on Jan. 5, 2025 and improves operational efficiency, enhances safety, and streamlines lane management for Houston's critical commuter corridors. Since 2012, TransCore has collaborated with METRO to design, implement, and maintain the ARGO system, ensuring smooth, real-time reversible lane operations across Houston's five major corridors. The latest upgrade introduced TransSuite®, TransCore's advanced traffic management system (ATMS), to enhance automation and operational efficiency. 'The TransSuite solution has supplied METRO with a robust and smart system of tools that work with a wide variety of devices and platforms,' said Nader Mirjamali, Houston METRO HOV and HOT Lane Project Manager. The reversible lanes provide HOV/HOT travel into Houston during the peak morning commute hours and reverse midday to accommodate the evening outflow. Operating in coordination with technicians who ensure that the lanes are clear of vehicles during reversal, the latest software upgrades enable automated gate closure sequencing and traveler information messaging to roadway signage. 'TransCore is proud to bring the latest in intelligent transportation technology to Houston METRO, improving both system reliability and the daily commuting experience,' said Whitt Hall, TransCore President and CEO. 'By fully automating lane transitions and integrating enhanced surveillance, this upgrade ensures safer and more efficient mobility for the region.' About TransCore A global leader in the transportation industry, TransCore provides innovative technical solutions and services for all-electronic tolling, congestion pricing, tolling back office, access control, and intelligent transportation systems. TransCore has distributed millions of RFID tags and deployed thousands of electronic toll collection and managed lanes. Its systems capture billions of toll transactions per year and support the United States' most accurate and advanced toll collection operations. TransCore is a subsidiary of ST Engineering, a global technology, defense, and engineering group with a diverse portfolio of businesses across aerospace, smart city, defense, and public security segments. It is part of the Group's Urban Solutions business, a leading provider of smart city solutions with a global track record of over 800 projects in more than 150 cities. Follow us on LinkedIn. A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
15-03-2025
- Yahoo
After wrong-way chase on highway, state police apprehend 21-year-old who stole a U-Haul
Virginia State Police have apprehended a 21-year-old who they say stole a U-Haul truck, evaded police on the interstate for over 10 miles and drove the wrong direction into oncoming traffic. State police were notified of a chase Virginia Beach Police Department units were engaged in on Friday afternoon. The driver, later identified as 21-year-old named Ashlynn Nichole Barnes, had reached the Virginia Beach-Norfolk city boundary on Interstate 264 driving westbound in a stolen 2015 GMC U-Haul truck. In an official statement, state police say Barnes made a U-turn in the roadway, traveling on the eastbound shoulder of the westbound lanes. Barnes drove through a cut-through when approached by an oncoming trooper and back into the eastbound lanes of the I-264. From there, Barnes headed westbound on Interstate 64, from the interchange, and used the reversible High Occupancy Vehicle lanes to change directions, driving through and striking down the closed gate system and traveled into oncoming traffic, state police say. Barnes made another U-turn in the reversible HOV lanes and proceeded to I-64, eastbound, and struck a trooper's vehicle attempting to stop her on a flyover while heading eastbound on I-264. Barnes, in another reversible lane, was stopped by state troopers who intentionally struck the truck. State police did this 'not only disable the vehicle, but to stop Barnes from hurting herself and endangering others on the roadway,' the statement reads. Troopers escorted Barnes to Norfolk Sentara General Hospital with non-life-threatening injuries. Troopers were not hurt in the pursuit, state police say, nor were other motorists. Charges are pending on Barnes' release from the hospital. This is developing story. Check back later for more details.
