News

November 2, 2021

GBR Hospitality Newsletter 2021 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

October 27, 2021

Spanish Hotel Barometer Q3 2021

STR and Cushman & Wakefield jointly produce the Hotel Sector Barometer for Spain, showing an upward trend during the third quarter of 2021, which is the first time since the pandemic started in March 2020. The vaccine rollout and the disappearance of most restrictions have enabled the hotel sector to begin the recovery process. This is expected to be faster within the leisure sector.

Cushman & Wakefield

Spain

October 26, 2021

Whitbread's Interim Results

Throughout this release all percentage growth comparisons are made on a two-year basis, comparing the current year (FY22) performance for the 26 weeks to 26 August 2021 to the same period in FY20 (26 weeks to 29 August 2019), with FY20 being the last financial period before the onset of the COVID-19 crisis

Whitbread PLC

October 22, 2021

PwC UK Hotels Forecast 2021-2022 - An emerging recovery

After the most volatile trading period since benchmarking began, the PwC Hotels Forecast 2021-2022 reveals the green shoots of recovery as demand returns. Though performance is not expected to return to pre-pandemic levels by Q4 2022, there are finally encouraging signs for hoteliers.

PwC (UK)

External Article

October 19, 2021

UK hotel trading ‘unlikely to return to pre-pandemic levels by end of 2022’

Trading at UK hotels is not expected to return to pre-pandemic levels by the end of 2022 despite encouraging signs for hoteliers.

travelweekly.co.uk

See why hotels are switching to Mews

October 19, 2021

German Hotel Investment Market - Q3 2021 Update

In the first three quarters of 2021, approximately EUR 1.48 billion was invested in hotel properties in Germany. Compared to the same period last year (Q1-Q3 2020: EUR 1.70 billion), this represents a decline of about 13 percent. The reason for this, according to the internationally active real estate consultancy Cushman & Wakefield (C&W), is the extremely strong Q1 2020 (Q1 2020: EUR 1 billion), which was not yet affected by the Covid-19 pandemic. Transaction activity was relatively even at around EUR 500 million per quarter. Portfolio transactions were the exception: out of 44 transactions, only three were concluded as portfolio deals. Individual property deals accounted for approximately 87 percent of transaction volume. The average transaction size was around EUR 34 million.

Cushman & Wakefield

Germany

Ad #1 Hotel PMS

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo.

Mews

Ad Be seen. Be trusted.

Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

October 12, 2021

London’s Outlook: An Analysis by Hotel Class

When booking a hotel room, guests are considering more factors than ever in deciding which property to call home in their destination. One of the many considerations is price, and by extension hotel class, which leads us to this latest analysis of occupancy on the books in London. Examining future occupancy levels by class allows for a better understanding of the traveler booking rationale for the upcoming months.

London, United Kingdom

October 12, 2021

STR: Preliminary September data for Berlin hotels

Berlin’s hotel industry reported its second-best occupancy and highest room rates of the pandemic-era, according to preliminary September 2021 data from STR.

Berlin, Germany

October 8, 2021

AJ Capital Partners Announces Acquisition of Slieve Donard Resort & Spa

Adventurous Journeys (AJ) Capital Partners announced today that it has acquired Slieve Donard Resort & Spa in Newcastle, County Down in Northern Ireland. The property has been acquired from Hastings Hotels, the largest independent hotel operator in Northern Ireland, who has proudly operated the property since 1972. Positioned adjacent to the world-renowned Royal County Down Golf Club, the 181-key hotel will be the first Marine & Lawn Hotels & Resorts property in Northern Ireland and the fourth hotel in the collection. Slieve Donard Resort & Spa will join Marine & Lawn properties launched in summer 2021, including Rusacks St Andrews in St Andrews, Scotland; Marine North Berwick in North Berwick, Scotland; and Marine Troon in Troon, Scotland.

AJ Capital Partners

Newcastle, Ireland

Opinion Article

October 8, 2021

Rising costs, staffing shortages and multi-speed recovery play havoc with the UK hotel sector

A lively Q&A session, moderated by HVS chairman Russell Kett, addressed factors likely to hamper recovery progress. ‘The challenge around financial forecasting particularly if you have London hotels, as well as the pace of the change – when will it come back and how will it come back,’ was a key issue for Arron Taggart of Cheyne Capital, with travel restrictions, lack of airlift and scarcity of MICE business highlighted by Jan-Willem Terlouw of Westmont Group.

By Russell Kett, Chairman at HVS - London Office, HVS

Opinion Article

October 5, 2021

Challenges Ahead for Corporate Housing and Extended Stay

With relaxation of full lockdown measures now finally in sight, the hospitality industry is waking up to a new set of opportunities and challenges. What underlying concerns do we foresee need to be addressed going forward for the extended stay market and the corporate housing model?

By Andrew Reitmaier, Director, Horwath HTL United Kingdom, Horwath HTL

BTA (Business Travel Association)

October 5, 2021

BTA Reveals Domestic Recovery But International Travel Slow

Today, the Business Travel Association (BTA) has revealed that the UK lost £4.76 billion in GDP in the fourth week of September, due to the decline of business travel trips following Covid-19*.

September 28, 2021

STR: Glasgow hotel occupancy nearing 90% for upcoming UN Climate Change Conference

Glasgow’s hotel occupancy on the books is nearing 90% for the UN Climate Change Conference in early November, according to data from Forward STAR, STR’s forward-looking benchmarking solution.

Glasgow, United Kingdom

September 13, 2021

STR: Preliminary August data for London hotels

STR's preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic.

Why Hospitality Net Leads B2B in Hospitality

London, United Kingdom

Ad Be seen. Be trusted.

Learn what makes us the industry-leader in what we do.

Hospitality Net

External Article

August 27, 2021

Summer 2021 assessment: The French hotel industry is finally going through a better period

The French hotel industry was counting on the end of health restrictions to finally reboost the activity. That's a done deal, as summer 2021 was much better than in 2020: +47% in turnover for the period from July 1st to August 21st, even if this is still quite below pre-COVID levels (-20.4% in turnover compared to the 2019). The sector is therefore back on track. But locally, the situations are extraordinarily contrasted: while some destinations are reporting solid increases, others are still a long way from getting back to their pre-crisis levels. Here is a complete review of this summer like no other.

hospitality-on.com

France

August 13, 2021

STR: Preliminary July data for Berlin hotels

STR's preliminary July 2021 data shows Berlin with its highest performance levels since the start of the pandemic.

Berlin, Germany

July 30, 2021

GBR Hospitality Newsletter 2021 Q2

GBR Consulting

Greece

Supplier News

July 29, 2021

German Hotel Bookings Lead Europe’s Growth Rate, Are Back To Outpacing The Global Average

For the first time in over 275 days, data from SiteMinder’s World Hotel Index reveals that on Wednesday, July 14, 2021, the volume of bookings to hotels in Germany again began exceeding the global average.

SiteMinder

Germany

July 27, 2021

London Short-Term Rentals Show Lower Performance Levels In June

London’s short-term rental industry recorded slightly lower performance levels from the previous month, according to June 2021 data from STR.