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*.
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.
STR's preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic.
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.
STR's preliminary July 2021 data shows Berlin with its highest performance levels since the start of the pandemic.
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.
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.
London’s short-term rental industry recorded slightly lower performance levels from the previous month, according to June 2021 data from STR.
Azora, the Madrid-based European real estate investment manager, has completed the acquisition of two 5* hotels in Portugal’s Algarve region on behalf of its Azora European Hotel and Lodging Fund (“Azora EH&L” or the “Fund”), through a sale and manage back transaction for €148 million (including a variable price) with Minor International (MINT), the international hotel, restaurant and lifestyle group which acquired the NH Hotel Group for €2.3 billion in October 2018.
The long-awaited and delayed UEFA European Football Championship has stolen most of Europe’s attention over the past several weeks, but it’s not the only major sporting event staging a comeback.
STR's preliminary June 2021 data for London hotels showed its highest performance levels since the start of the pandemic.
Earlier this year during the Hotel Data Conference: Global Edition, we presented an occupancy-on-the-books update for the Barcelona and Balearic Island markets. Fast-forward to the latest 365-day outlook (as of 7 June 2021), and we still see a mixture picture but with some improvement for these two key hotel markets in the Mediterranean region.
The proportion of international hotel guests in Portugal will exceed the proportion of domestic hotel guests this month, despite ongoing and continually changing international travel restrictions, according to data collected from SiteMinder’s World Hotel Index on July 1, 2021.
In 2019, the tourism industry in Ireland was valued at over €9bn to the economy, with overseas visitor numbers at their highest-ever level at 10.8m. Similar to other countries, COVID-19 has had an extreme impact on the tourism sector, with a lack of international visitors and restrictions on hospitality, tourism and leisure businesses.
The volume of hotel bookings in Spain has returned to the same levels of two years ago, according to data collected from the SiteMinder World Hotel Index on June 28, 2021.
London’s short-term rental industry recorded its highest monthly occupancy and revenue per available room (RevPAR) since February 2020, according to May 2021 data from STR.
The UK’s economic recovery accelerated in May as tourism and recreation firms reopened, but the delay in ending Covid-19 restrictions is putting hospitality firms at risk, research shows.
STR’s preliminary May 2021 data for Berlin hotels showed slightly higher performance compared with previous months but at overall low levels.
Merilee Karr, Chair of the UK Short Term Accommodation Association (STAA) and CEO of UnderTheDoormat, said, “We welcome Airbnb’s work on future approaches around short-term and holiday rentals and the opportunity for further discussion and engagement on industry registration with any relevant stakeholders.
While much of Europe remains moderately locked down, the U.K. has reopened, led by Scotland where hotel stays have been allowed since April 26.