News

January 11, 2023

France set to be most visited country in the world by 2025

France is set to cement itself as the most visited country in the world, according to GlobalData, which estimates that the country will attract 93.7 million international travelers by 2025. The leading data and analytics company notes that this forecast will place the country ahead of competitor, Spain, which overtook France in 2021.

GlobalData Plc

France

January 11, 2023

STR: London hotel performance remained steady in December

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.

December 12, 2022

STR: Berlin hotel performance fell in November

Berlin’s hotel industry reported lower performance month over month, according to preliminary November 2022 data from STR.

Berlin, Germany

December 8, 2022

The Greek Villas is Acquired by Home Rentals Leader Le Collectionist

The Greek Villas, Greece’s leading luxury villa operator is delighted to announce that it has been acquired by luxury vacation home rental company Le Collectionist. The acquisition follows a very successful record-breaking year for The Greek Villas in 2022. Le Collectionist is pursuing its developments with acquisitions in new markets and a strengthening of its offering in the destinations it already operates.

Le Collectionist

Greece

December 6, 2022

AJ Capital Partners Announces Acquisition of the Adelphi Portrush Hotel in Northern Ireland

Adventurous Journeys (AJ) Capital Partners announced today the acquisition of the Adelphi Portrush Hotel in Portrush, Northern Ireland. The property will join Marine & Lawn Hotels & Resorts, a collection of bespoke hotels located in the world’s most premier golf destinations. The hotel will continue to operate as Adelphi Portrush Hotel in its current condition through the Autumn of 2023, at which time comprehensive guest room and common space renovations will begin. The hotel is expected to relaunch as part of the Marine & Lawn Hotels & Resorts collection in late 2024.

AJ Capital Partners

Ireland

December 2, 2022

London hotel room rates set to weather high inflation

In our latest report, Can Hotel ADRs Overcome High Inflation, we tracked the link between ADR growth and inflation over the past 50 years, focusing on hotels in London. This period included times of economic prosperity as well as downturns to help predict what hotel room rates are likely to look like going forward.

HVS

Ernest - Lighthouse's AI for hoteliers

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Iconic Luxury Hotels Limited

November 29, 2022

Cadogan Acquires The Draycott Hotel

Monday 28th November saw the acquisition by Cadogan of The Draycott Hotel. Built in 1890, the striking Victorian property comprises three red-brick town houses on Cadogan Gardens in the heart of Chelsea. It will undergo a sensitive restoration before reopening as The Chelsea Townhouse, operated for Cadogan by Iconic Luxury Hotels.

November 29, 2022

Can Hotel ADRs Overcome High Inflation?

Many global economies are going through a period of high inflation, brought on by macroeconomic factors such as government stimulus and global supply shocks. We have asked the questions: can rising costs be passed along to the consumer and what does the current inflation environment say about hotel pricing over the next few years?

By Sophie Perret and Shaffer Patrick

United Kingdom

November 15, 2022

STR: London’s hotel ADR and RevPAR surpassed pre-pandemic levels in October

London’s hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the pre-pandemic comparable, according to preliminary October 2022 data from STR.

November 14, 2022

Ireland’s hotel industry is well-positioned heading into 2023

A turbulent two years due to the pandemic proved to be the ultimate test of resilience and business continuity for hotels in Ireland. This year, however, has produced a strong recovery despite a difficult start and ongoing global macroeconomic uncertainty. Hotels in Ireland have been successful in navigating the choppy waters as evidenced by the performance recorded thus far in 2022.

Ireland

November 7, 2022

PwC Hotels Forecast 2022 - 2023 - Recovery stalls after strong rebound

Despite rapid growth and a stronger than expected rebound in demand in 2022, recovery in the UK hotel market is set to stall in 2023 in the face of continued volatility of trading conditions and rising operational costs. But, as the PwC UK Hotels Forecast 2022-2023 reveals, there are diverging fortunes for hotels in London and those in the UK regions.

PwC (UK)

November 2, 2022

GBR Hospitality Newsletter 2022 Q3

This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry, within the broader context of the international hospitality industry as well as of Greek tourism and Greek socio-economic developments.

GBR Consulting

Greece

Ernest - Lighthouse's AI for hoteliers

November 1, 2022

In Focus: Cortina d'Ampezzo, Italy

The municipality of Cortina d’Ampezzo, also referred to as only “Cortina”, is part of the Province of Belluno, in the Veneto region, in northern Italy. The town is located in the southern Dolomitic Alps, in the centre of the Ampezzo valley, on the Boite River. With 5,649 inhabitants, Cortina d'Ampezzo is the eight most populous municipality of the province of Belluno. It is a renown winter and summer holiday destination, especially popular for skiing, with 120 kilometres of slopes and 38 lifts. Nicknamed “The Pearl of the Dolomites”, the town is prominent for its picturesque scenery, the fashion boutiques and the après-ski scene, being particularly popular among the jet-setters and the Italian aristocratic society.

By Ezio Poinelli, Pavlos Papadimitriou, and Lorenzo Gullotta

Cortina d'Ampezzo, Italy

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October 14, 2022

Düsseldorf Hotel Market Pulse – Is it the Rhine's Turn for Growth?

As the seventh-largest city in Germany, Düsseldorf is predominantly a MICE and business destination, owing to its ample supply of convention space and its proximity to many company headquarters. The city’s proximity to other German cities (such as Cologne, Dortmund and Essen), easy access to the Benelux region and its well-developed international travel network have all been contributing factors to Düsseldorf’s growth.

By Charles Carpentier and Alexander Bock

Düsseldorf, Germany

October 13, 2022

ALTIDO expands and diversifies Scottish property portfolio

ALTIDO, the fastest-growing property management company in Europe has today announced a new acquisition with Sherpa joining the ALTIDO brand. This is the latest in a series of significant expansions for the company in Scotland, which is on track to exceed the 2022 budget of £13.2m revenue.

Altido

United Kingdom

October 12, 2022

STR: Berlin hotel performance jumped in September

Berlin’s hotel industry reported improved occupancy and all-time highs in room rates and revenue per available room (RevPAR), according to preliminary September 2022 data from STR.

Berlin, Germany

External Article

October 7, 2022

European Hoteliers Adapt, No Longer To Survive But To Thrive

Leaders of major hotel brands speaking at the Annual Hotel Conference said that as the fundamentals of the hotel industry are normalizing, hotel owners and operators are applying lessons learned during the COVID-19 pandemic to strategies to drive demand to their properties and gain market share for the brands.

HotelNewsNow

United Kingdom

October 7, 2022

Italy’s Government Drives Investment Boom

As you read this, Italy’s new government will be revealing its plans for the years ahead, with investors hoping for a continuation in the support which has bolstered the volumes finding a home in commercial real estate.

By Dimitris Mittas, Vice President Finance Europe, Global Asset Solutions

Italy

October 6, 2022

Dublin hotel performance soared during Garth Brooks tour, late bookings were part of the success

The star country music performer, Garth Brooks, has departed Dublin after completing five sold out shows at Croke Parke. In early 2022, STR utilized Forward STAR data to analyze the impact that Brooks’ arrival was due to have on local hotel demand levels. In this most recent review, we added in actualized data to understand the impact on hoteliers as fans descended to the 82,00-seater venue.