Berlin hotel occupancy pulled closer to pre-pandemic comparable in July
Berlin’s hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR.
Markets & Performance
Germans return to international travel: pre-pandemic levels reached by 2024 as 117.9 million will take to the skies, according to GlobalData
German holiday makers are set to be back in full swing by 2024, according to GlobalData, which expects the country’s outbound travel to recover to 117.9 million tourists, surpassing 2019’s 116.1 million despite economic decline in Europe. The leading data and analytics company notes that budget-friendly travel, visits to friends and family, and non-city locations—especially in the country’s favorite holiday destination, Austria—are set to be most popular.
The German Hotel Market: emerging stronger from the crisis
All of Germany’s 9 key hotel markets still suffered significantly in 2021. However, 6 out of the 9 top cities were able to record improvement in occupancies. Hotel real estate specialist Christie & Co reviews an eventful year in Germany's 9 key hotel markets Berlin, Munich, Frankfurt, Hamburg, Cologne, Dusseldorf, Stuttgart, Leipzig, and Dresden.
Amsterdam Hotel Market: The Enduring Appeal
Amsterdam is in the province of North Holland, in the heart of the Randstad, Europe’s sixth-largest metropolitan area. The city of Amsterdam is the capital and the largest city in the Netherlands, with a population of just over 900,000 recorded in 2021. While Amsterdam is known globally for its historic canals, art museums (Rijksmuseum, Van Gogh Museum), red-light district and ‘coffee’ shops, it is also a significant European financial and business centre. More than 2,000 foreign companies have established offices in the metropolitan area, and more than 200 of these companies have headquarters in the city.
By Sophie Perret and Nikola Miljković
Performance Greek Hospitality Industry Performance Q2 2022
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.
STR: London hotels post record-breaking room rates
London’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR.
Demand for Spanish Travel Destinations sees an upturn forecast for the next 3 months
The number of travelers expected to arrive at major travel destinations in Spain such as Tenerife, Mallorca and Malaga show a three-digit growth as compared to the same period last year, as per our Airline Travel Forecast report powered by Demand.AI.
Magnuson CEO at UK House of Lords: Protect endangered UK independent hotels to preserve British Hospitality Industry
In a presentation at the UK House of Lords hosted by Baroness Ros Altmann, Magnuson Hotels CEO Thomas Magnuson outlined the rapid decline in the number of UK hotels owned by independent private businesses.
STR: Berlin hotels post best performance since late 2019
Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR.
Portugal’s Travel & Tourism could surpass pre-pandemic levels in 2023
The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in Portugal will drive the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise nearly 4.8% above 2019 levels.
HVS In Focus: Santorini, Greece
If there is one destination within Greece that lives up to its fame as one of the most alluring destinations in the world that is Santorini. Visiting the island with the dramatic landscapes and unique terrain, part of the legacy of a violent volcanic eruption that took place in the second millennium BC, is on the bucket list of every savvy traveler. Thousands of tourists that visit Greece flock to the island of Santorini to admire the caldera-perched villages, the authentic local architecture with its cave houses dug into the volcanic rocks, the captivating sunsets, and the cultural antiquities buried and preserved under the volcanic ash that buried the island. At the same time, by virtue of its cosmopolitan fame, Santorini boasts some of the most luxurious accommodation options across the country, and a vibrant gourmet scene partially attributed to its winemaking tradition. International hotel brands are currently entering the market, through franchise agreements, making the market scene even more active and sophisticated. Santorini’s huge popularity, however, has sadly come at a price as the island is currently coping with the negative effects of overtourism.
By Nana Boussia and Pavlos Papadimitriou
Paris Hotel Market: A Spectacular Start to the Recovery
Tourism in Paris was heavily impacted by the COVID-19 pandemic and travel restrictions, at a time when the market was recovering from terrorist attacks (2015/16), the yellow-vest movement (2018/19) and transportation strikes (2019). However, the strong government support combined with the city’s worldwide appeal have resulted in a dynamic rebound for the tourism sector.
By Sophie Perret and Mathilde De Bona
Paris hotel sector set for impressive early post-COVID recovery
Strong support from the French government combined with the continued worldwide appeal of Paris has resulted in a dynamic rebound for the city’s tourism sector post pandemic, ensuring its lead is maintained as one of the most desirable destinations for hotel investors, according to Paris – A Spectacular Start to the Recovery, our latest Market Pulse.
Experimental Group acquires two hotels in Biarritz, on the south west coast of France
Experimental Group, the French-born contemporary hospitality group, has acquired two hotels, The Regina and Le Garage, in the coastal town of Biarritz, in the Basque region. The group continues its expansion into Europe and the US, after it announced a €350 million investment earlier this year.
Visitors flock to UK to join celebrations as the Queen celebrates 70 years on the throne
According to the World Travel & Tourism Council (WTTC) visitors from overseas are pouring into the UK to join the celebrations marking Queen Elizabeth II’s Platinum Jubilee.
Italy Hotels & Chains Report 2022
Horwath HTL Italy is pleased to release the Italy Hotels & Chains Report 2022. The industry-established reference for the Italian hotel branded supply is now in its 9th edition.
Germany Hotels & Chains Report 2022
A very warm welcome to this latest country edition of the Horwath HTL Hotels & Chains report, which provides a snapshot of a fascinating moment in hospitality. Will we see the direction of the industry change forever?
Italy’s Travel & Tourism could reach pre-pandemic levels next year, reveals WTTC report
The World Travel & Tourism Council (WTTC) has revealed Italy’s Travel & Tourism sector will provide a significant boost to the country’s economic recovery and could almost reach pre-pandemic levels next year, just 0.3% below 2019 levels.
Outbound tourism from Poland to recover to pre-pandemic levels by 2024 as COVID-19 travel restrictions are eased, says GlobalData
Weakened traveler confidence, combined with strict COVID-19 measures, saw Poland’s outbound tourism numbers shrink to a fraction of what they were in 2019, says GlobalData. Figures from the leading data and analytics company reveal that outbound tourism from Poland declined by 62.7% year-on-year (YoY) from 2019 to 2020, to just 6.8 million international departures. However, international visits are projected to grow in 2022 and beyond as restrictions are eased across the globe.
France’s Travel & Tourism could surpass pre-pandemic levels in 2023
The World Travel & Tourism Council (WTTC) has revealed the Travel & Tourism sector in France will propel the national economic recovery and could even surpass pre-pandemic levels next year, when it is projected to rise 2.2% above 2019 levels.