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.
Bain Capital and Stoneweg acquire the Andalucía Plaza hotel Marbella, Spain.
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.
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.
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.
STR's preliminary April 2021 data for London hotels shows slightly better performance compared with recent months, albeit at overall low levels.
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.
Boris Ivesha, President & Chief Executive Officer, PPHE Hotel Group said:
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.
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals the dramatic impact COVID-19 had on France's Travel & Tourism sector, wiping out €103 billion from the nation's economy.
STR's preliminary March 2021 data for Berlin hotels shows slightly better performance compared with recent months, albeit at overall low levels due to continued restrictions in Germany.
COVID-19 sparks a dramatic 46.9% collapse in the sector's contribution to GDP More than 440,000 jobs lost, while many more remain protected by the Kurzarbeit schemeHowever, the return of international travel this year could see GDP contribution rise sharply and jobs return
London's short-term rental industry recorded a month-over-month increase in occupancy but continued decreases in average daily rate (ADR) and revenue per available room (RevPAR), according to February 2021 data from STR.
The World Travel & Tourism Council's annual Economic Impact Report (EIR) today reveals that the dramatic collapse of the UK's Travel & Tourism sector has wiped out a staggering £148 billion from the UK economy.
STR's preliminary February 2021 data for London hotels shows slightly better performance compared with the previous month, albeit at low levels influenced by continued restrictions in the U.K.