Markets & Performance
International Chain Brown Hotels Announces Franchise Agreements With Hilton
Brown Hotels on Tuesday announced franchise agreements with hospitality giant Hilton, which sees two of its “Isla Brown” hotels in Greece entering the “Curio Collection by Hilton” brand.
Paris Summer Olympics: Three key trends to consider
The impact of sporting events on hotel performance has been well-documented recently. Now all eyes are on the Summer Olympics in Paris between 26 July-11 August 2024. This summer will mark exactly 100 years since the Summer Olympics were last held in France.
London hotel performance jumped during holiday season
Helped by the holiday travel season, London hotels posted significant performance levels, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Hotel Operator Beat 2023 - France
The real estate services firm’s annual hotel operator survey saw international and regional hotel operators – all of which are active in France – give their views on sector opportunities and challenges in the market.
Madrid hotels post highest ADR and RevPAR on record in October
Madrid’s hotel average daily rate (ADR) and revenue per available room (RevPAR) reached the highest monthly levels on record, according to October 2023 preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Performance Greek Hospitality Industry Performance Q3 2023
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.
London hotel performance growth moderated in September
With the summer travel surge concluded, London’s hotel industry showed more normalized levels of growth, according to preliminary September 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Tourism in Switzerland: A successful summer 2023 for the Industry
The latest figures released by the Federal Statistical Office (FSO) have put even more spring in Swiss tourism’s step. Night stays in Switzerland for the months of June and July 2023 were recently published. And the news is good! Night stays (or hotel stays) were 8.6% higher in June 2023 versus June 2023. This confirms an earlier report indicating that in the first half of 2023, night stays increased 13.8% year on year.
Dalata agrees to acquire leasehold interest in Hard Rock Hotel Amsterdam American
Dalata Hotel Group plc (“Dalata” or “the Group”), announces that it has agreed contracts with Zien Group, to acquire the entire issued share capital of American Hotel Exploitatie BV (“the company”), which holds the operational lease of the Hard Rock Hotel Amsterdam American.
Amsterdam hotel performance jumped during eventful August
Amsterdam’s hotel industry showed event-driven improvement in monthly performance, according to preliminary August 2023 data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Hotel Operator Beat H1 2023 - Czech Republic
Prague is the second most attractive market in CEE for hotel operators with a presence or interest in the region. Its popularity is backed up by H1 being a period of healthy recovery for Prague hotels which achieved the second-highest (after Budapest) RevPAR (revenue per available room) among the region’s capitals1. In this year’s first six months, it reached EUR 69, which is an increase of 57% versus H1 2022, and already a 5% increase versus the pre-Covid H1 2019. This was primarily driven by the strong ADR (average daily rate) growth, which surpassed 2019 levels by over 20%. Hotel operators are optimistic about the industry’s outlook and keen to expand across the CEE region. However, 28% of planned hotel projects in the region are facing delays or put on hold, mainly due to the increased development costs.
UK hotels report strong growth in revenues
Hotels in the UK are experiencing a post-Covid rebound according to the latest research from global property adviser Knight Frank. London hotels achieved an occupancy rate of 82% in June 2023, a rise of 3.2 percentage points year-on-year, whilst hotels outside the capital recorded growth of four percentage points to almost 81% occupancy versus 2022.
Italy: Europe’s Trending Destination
Mainland Europe is a hub of activity throughout the summer months with millions of global travelers flocking to key destinations for a mixture of sun, culinary delights, and culture. The consistently strong demand allows hoteliers in key summer destinations to strategize with confidence. This summer, however, there is one destination that has exceeded all expectations. The following analysis highlights how Italy’s hotel sector is thriving in bookings and room rates in addition to assessing how online trends set up a summer to remember for Italian hoteliers.
Hotel Market Beat H1 2023 - UK
UK hotel transaction volumes have remained resilient in the first half of 2023 despite market headwinds, supported by the private markets (with sub-£15M ticket sizes) and value-add opportunities with compelling growth stories. Further volumes have been supported by office conversions, with hotels stacking up in the right locations.
IHG Hotels & Resorts unveils festival first at Wilderness with debut of The IHG Hotel in the Wild
Festival season continues to bring the heat following IHG Hotels & Resorts’ successful partnerships with some of this summer’s hottest music festivals, including The Governors Ball and Lollapalooza in the U.S., and most recently Wilderness in the U.K. IHG is making festival weekends unforgettable for IHG One Rewards members and festivalgoers alike, bringing exceptional care and unexpected memorable experiences.
WTTC predicts Germany’s Travel & Tourism sector to rebound to 95% of pre-pandemic levels
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Germany’s Travel & Tourism sector is recovering at pace to recover to within 95% of pre-pandemic levels.
Performance Greek Hospitality Industry Performance Q2 2023
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.
Bulgaria’s Travel & Tourism sector set to contribute 10% of the economy forecasts WTTC
Speaking at a panel session at the Hyatt Regency Pravets Resort in Bulgaria today, World Travel & Tourism Council (WTTC) President & CEO Julia Simpson revealed that the WTTC 2023 Economic Impact Research (EIR) today forecasts that 10% of the Bulgarian economy will come from Travel & Tourism by 2033.
Travel & Tourism sector shows strong recovery in Italy says WTTC
The World Travel & Tourism Council’s (WTTC) 2023 Economic Impact Research (EIR) today reveals Italy’s Travel & Tourism sector is recovering strongly post-pandemic.