STR: London hotels post record-breaking room rates
London’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR.
News
Demand for Spanish Travel Destinations sees an upturn forecast for the next 3 months
The number of travelers expected to arrive at major travel destinations in Spain such as Tenerife, Mallorca and Malaga show a three-digit growth as compared to the same period last year, as per our Airline Travel Forecast report powered by Demand.AI.
Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British Hospitality Industry
In a presentation at the UK House of Lords hosted by Baroness Ros Altmann, Magnuson Hotels CEO Thomas Magnuson outlined the rapid decline in the number of UK hotels owned by independent private businesses.
STR: Berlin hotels post best performance since late 2019
Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR.
Portugal’s Travel & Tourism could surpass pre-pandemic levels in 2023
The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Portugal will drive the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise nearly 4.8% above 2019 levels.
HVS In Focus: Santorini, Greece
If there is one destination within Greece that lives up to its fame as one of the most alluring destinations in the world that is Santorini. Visiting the island with the dramatic landscapes and unique terrain, part of the legacy of a violent volcanic eruption that took place in the second millennium BC, is on the bucket list of every savvy traveler. Thousands of tourists that visit Greece flock to the island of Santorini to admire the caldera-perched villages, the authentic local architecture with its cave houses dug into the volcanic rocks, the captivating sunsets, and the cultural antiquities buried and preserved under the volcanic ash that buried the island. At the same time, by virtue of its cosmopolitan fame, Santorini boasts some of the most luxurious accommodation options across the country, and a vibrant gourmet scene partially attributed to its winemaking tradition. International hotel brands are currently entering the market, through franchise agreements, making the market scene even more active and sophisticated. Santorini’s huge popularity, however, has sadly come at a price as the island is currently coping with the negative effects of overtourism.
By Nana Boussia and Pavlos Papadimitriou
Paris Hotel Market: A Spectacular Start to the Recovery
Tourism in Paris was heavily impacted by the COVID-19 pandemic and travel restrictions, at a time when the market was recovering from terrorist attacks (2015/16), the yellow-vest movement (2018/19) and transportation strikes (2019). However, the strong government support combined with the city’s worldwide appeal have resulted in a dynamic rebound for the tourism sector.
By Sophie Perret and Mathilde De Bona
Paris hotel sector set for impressive early post-COVID recovery
Strong support from the French government combined with the continued worldwide appeal of Paris has resulted in a dynamic rebound for the city’s tourism sector post pandemic, ensuring its lead is maintained as one of the most desirable destinations for hotel investors, according to Paris – A Spectacular Start to the Recovery, our latest Market Pulse.
Experimental Group acquires two hotels in Biarritz, on the south west coast of France
Experimental Group, the French-born contemporary hospitality group, has acquired two hotels, The Regina and Le Garage, in the coastal town of Biarritz, in the Basque region. The group continues its expansion into Europe and the US, after it announced a €350 million investment earlier this year.
Visitors flock to UK to join celebrations as the Queen celebrates 70 years on the throne
According to the World Travel & Tourism Council (WTTC) visitors from overseas are pouring into the UK to join the celebrations marking Queen Elizabeth II’s Platinum Jubilee.
Italy Hotels & Chains Report 2022
Horwath HTL Italy is pleased to release the Italy Hotels & Chains Report 2022. The industry-established reference for the Italian hotel branded supply is now in its 9th edition.
Germany Hotels & Chains Report 2022
A very warm welcome to this latest country edition of the Horwath HTL Hotels & Chains report, which provides a snapshot of a fascinating moment in hospitality. Will we see the direction of the industry change forever?
Italy’s Travel & Tourism could reach pre-pandemic levels next year, reveals WTTC report
The World Travel & Tourism Council (WTTC) has revealed Italy’s Travel & Tourism sector will provide a significant boost to the country’s economic recovery and could almost reach pre-pandemic levels next year, just 0.3% below 2019 levels.
Outbound tourism from Poland to recover to pre-pandemic levels by 2024 as COVID-19 travel restrictions are eased, says GlobalData
Weakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined by 62.7% year-on-year (YoY) from 2019 to 2020, to just 6.8 million international departures. However, international visits are projected to grow in 2022 and beyond as restrictions are eased across the globe.
France’s Travel & Tourism could surpass pre-pandemic levels in 2023
The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in France will propel the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise 2.2% above 2019 levels.
Highland Coast Hotels acquires the historic Tongue Hotel and celebrates one year of investment in the region
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.
Germany’s Travel & Tourism could surpass pre-pandemic levels next year
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.
STR: Estonian Hotels’ Recovery Lag and Hotel Development
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)
By Dr. Rachel Mammen, Doctoral researcher in the Department of Hospitality and Retail Management, Texas Tech University
New report from WTTC reveals UK Travel & Tourism sector is expected to create 700,000 jobs over the next decade
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.
Turkey’s Travel & Tourism sector to grow at twice the rate of the national economy
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.