Scottish-based hotel company Highland Coast Hotels has announced the acquisition of The Tongue Hotel as it also celebrates one year of investment in the North Highlands region.
The World Travel & Tourism Council’s latest Economic Impact (EIR) reveals the Travel & Tourism sector in Germany will catapult the national economic recovery and could surpass pre-pandemic levels next year, nearly 2.5% above 2019 levels.
Tallinn is the cultural and archeological hotspot in Estonia. Estonia shares a 180 mile border with Russia (Estonian Prime Minister Kaja Kallas on war in Ukraine and the Russian threat | PBS NewsHour). Russia’s invasion of Ukraine has impacted Estonia’s economy through supply difficulties and higher inflation. Estonia has donated one-third of its military budget to Ukraine. Additionally, the country has welcomed around 40,000 Ukrainian refugees since February 2022. (Updates: Russia's invasion of Ukraine – reactions in Estonia (estonianworld.com)
The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the UK is expected to create nearly 700,000 new jobs over the next decade.
The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals Turkey’s Travel & Tourism’s GDP is forecasted to grow at an average rate of 5.5% annually between over the next decade, more than twice the 2.5% growth rate of country’s overall economy.
London’s hotel industry reported its highest monthly occupancy level since February 2020, according to preliminary April 2022 data from STR.
During the Covid crisis, many hospitality players suffered, some weathered the storm and a few even thrived. As the pandemic finally recedes and another threat surges to the forefront, we take a look back at how hospitality has been reshaped by recent events in Switzerland. Two specialists from the EHL Hospitality Business School delve into the statistics before and during Covid, and draw some surprising conclusions. Dr. Stefano Borzillo, Associate Professor of Organizational Behavior, specializes in topics relating to individual and collective performance and for a more financial perspective, Dr. Augusto Hasman, also an associate professor at EHL, who teaches finance and risk management.
Among key hotel markets in Europe, Paris was the only one to achieve gross operating profit per available room (GOPPAR) that was 100% of the 2019 comparable, according to STR‘s March 2022 P&L data release.
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As 2022 moves further into spring and the summer months draw nearer, many markets around the world are seeing pent-up travel demand bolstering their hotel occupancy on the books. A good example can be found in Belfast, where the growing desire to travel and a variety of big-name events are leading to a positive performance outlook for hotels in Northern Ireland’s capital.
Sonder Holdings Inc. (“Sonder”, Nasdaq: SOND), a leading next-generation hospitality company that is redefining the guest experience through technology and design, is more than doubling its total live and contracted units in Spain by securing two additional prime properties in Barcelona and Madrid.
Late last year, STR’s initial analysis of the upcoming Commonwealth Games showed the early event impact on hotel occupancy on the books and pickup in Birmingham, England. This latest update with Forward STAR data shows an even further uptake in hotel booking levels now four months out from the arrival of the games.
Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.
With traveler confidence taking yet another hit amid the rising cost-of-living across Europe, Turkey* will emerge as the destination of choice for budget-conscious travelers in 2022, finds GlobalData, the leading data and analytics company.
Spain expects international tourist arrivals to reach 80% of pre-pandemic volumes in the second quarter as northern Europeans shrug off concerns over the Ukraine conflict and return en masse for Easter, a senior tourism official said on Friday.
London’s hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR.
Winter hotel bookings in Portugal have surpassed 2019 numbers for the first time since the start of the pandemic, according to data sourced from SiteMinder’s World Hotel Index. On February 7, 2022, Portuguese hotel booking volumes measured 101.93% of those recorded during the same period in 2019 and have remained above pre-pandemic levels since.
WorldHotels™ today announced the addition of five new properties to the brand’s newest collection of hotels: WorldHotels Crafted Collection. The Hotel Kung Carl, NOFO Hotel, The Winery Hotel, Hotel Frantz, and Hotel Ruth, all located in Stockholm, Sweden, have joined the exclusive portfolio of WorldHotels Crafted Collection hotels and resorts.
Two years on from the start of the Covid pandemic, the full extent of the damage done to the once vibrant hospitality industry has been revealed – a massive and devastating £115bn loss.
With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior, according to preliminary January 2022 data from STR.