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.
New data from the World Travel & Tourism Council (WTTC) shows the UK’s Travel & Tourism sector is recovering, with the country’s GDP predicted to rise to £192 billion, just 19% below pre-pandemic levels by the end of 2022.
London’s hotel market will return to pre-pandemic performance levels but is unlikely to return to growth until at least 2024/25. This was the conclusion of the 15th hotel webinar organised by consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners, held yesterday (9th February 2022).
The number of rooms in operation during 2021 in both the Athens and Thessaloniki market reached a level of 79% compared to the pre-pandemic levels of 2019. At the beginning of 2021 many hotels remained closed and slowly opened up after the announcement of the Greek Government on May 14th 2021 to open up tourism. During the last quarter of 2021 both markets operated at full capacity.
Beaumier, the hotel group for those who are looking for an escape in a unique and authentic setting, today announced the acquisition of three hotels in Switzerland’s Alpine region of Wengen for an undisclosed amount. The three hotels are located right in the centre of the village with ski-in, ski-out capabailities and magnificient views to the Jungfrau and the Lauterbrunnen-valley.
Stoneweg Hospitality (“Stoneweg”) and Bain Capital Credit, LP (“Bain Capital Credit”), via their real estate hospitality joint venture (the “JV”), have signed an agreement to acquire the group of companies that owns and operates the Hotel Los Monteros Spa & Golf Resort in Marbella, Spain. It is the second investment undertaken by the JV in the Marbella area following the acquisition of the Andalucía Plaza hotel in Puerto Banús in 2021, which is currently being converted into the Hard Rock Hotel Marbella.
Recovery is finally underway for the UK hospitality sector. Despite some bumps along the way, 2021 saw some of the best performance metrics ever, with room prices reaching levels never previously achieved in some markets.
Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates, according to preliminary December 2021 data from STR.
For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy.
Lifted by the upcoming holiday season, hotel occupancy on the books is rising in Paris with a peak of more than 70% on New Year’s Eve, according to STR’s Forward STAR.
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in France.
Amid rising COVID cases and subsequent restrictions, Berlin’s hotel industry reported lower occupancy but higher room rates, according to preliminary November 2021 data from STR.