Markets & Performance Europe News - Hospitality Net

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July 21, 2021

Azora Acquires Two Flagship Hotels In Portugal’s Algarve For €148 Million, To Be Managed By Mint

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.

July 15, 2021

UK Hoteliers Take Advantage of Wimbledon Demand, Raise Rates

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.

July 13, 2021

STR: Preliminary June Data For London Hotels

STR's preliminary June 2021 data for London hotels showed its highest performance levels since the start of the pandemic.

London, United Kingdom

July 7, 2021

Mixed Picture: Occupancy On The Books In Barcelona And The Balearic Islands

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.

July 1, 2021

Portugal’s International Hotel Guests Surpass Volume of Domestic Travellers For The First Time Since The Pandemic

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.

June 30, 2021

Horwath HTL Market Report: Ireland Hotel Market Trends & Analysis

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.

June 29, 2021

Spanish Hotel Bookings Bounce Back to Pre-Pandemic Levels, Leading Industry Recovery Ahead of Major European Markets

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.

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June 21, 2021

London Short-Term Rentals Reach Early 2020 Performance Levels

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.

London, United Kingdom

External Article

June 21, 2021

UK Economy Accelerates As Tourism And Hospitality Emerge From Lockdown

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.

theguardian.com

June 14, 2021

STR: Preliminary May Data For Berlin Hotels

STR’s preliminary May 2021 data for Berlin hotels showed slightly higher performance compared with previous months but at overall low levels.

Berlin, Germany

June 8, 2021

STAA Welcomes Airbnb Joining Debate On The Future Of UK Short-Term Lets And Holiday Rentals

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.

UK Short Term Accommodation Association (STAA)

June 8, 2021

Future Bookings Data Heralds Edinburgh Hotels' Post-Lockdown Lift

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.

Edinburgh, United Kingdom

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June 7, 2021

Europe Hotel Transactions Bulletin - Week Ending 4 June 2021

Bain Capital and Stoneweg acquire the Andalucía Plaza hotel Marbella, Spain.

June 4, 2021

Valor Hospitality Partners Adds 17 IHG Hotels In The UK To Management Portfolio

Valor Hospitality Partners, a global, full-service hotel Management Company offering a full suite of services, announced their most recent operating agreement with the addition of 17 regional IHG® Hotels & Resorts branded hotels in partnership with owner MCAP Global Finance (UK) LLP, an affiliate of New York based investment manager Marathon Asset Management, L.P. (“Marathon”). The addition of the expansive hotel portfolio doubles the global hospitality management company’s United Kingdom footprint. This growth is fueled by Valor’s guiding principle to offer unique, differentiated experiences for travelers that foster genuine connections with people and cultures, driven by their worldwide team of ‘Hotelitarians’. In turn, this leads to industry leading commercial results and returns for Valor’s ownership groups.

Valor Hospitality

June 4, 2021

Brits To Recover The Additional Costs Of Their Holiday COVID Tests By Renting Out Their Homes While They Are Away

With many families in the UK having to plan carefully which countries they will be able to visit for their summer holidays, they are also having to calculate the significant amount they will have to pay for the COVID tests they’ll have to buy to be able to go abroad. One company is suggesting that a good way to offset the extra cost is for families to consider renting out their own homes while they are away.

UnderTheDoormat

June 1, 2021

Bain Capital Credit And Stoneweg Hospitality Acquire 400-room Marbella Hotel

Bain Capital Credit, LP (“Bain Capital Credit”) and Stoneweg Hospitality (“Stoneweg”) via their real estate hospitality joint venture, today announced the acquisition of the 400-room Andalucía Plaza hotel complex in Marbella, with the aim of renovating the establishment to offer a new hotel experience in one of the best locations on the Spanish coast. The property will continue to be operated by H10 Hotels until the end of 2021.

Marbella, Spain

May 12, 2021

STR: Preliminary London Hotel Data For April

STR's preliminary April 2021 data for London hotels shows slightly better performance compared with recent months, albeit at overall low levels.

London, United Kingdom

May 4, 2021

GBR Hospitality Newsletter 2021 Q1

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.

April 29, 2021

PPHE Hotel Group Today Announces A Trading Update For The Three Months Ended 31 March 2021

Boris Ivesha, President & Chief Executive Officer, PPHE Hotel Group said:

PPHE Hotel Group

April 15, 2021

WTTC research reveals Travel & Tourism sector’s contribution to Italy’s GDP dropped by €121 billion in 2020

The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of Italy's Travel & Tourism sector has wiped out a staggering €120.6 billion from the nation's economy.