Markets &amp; Performance

October 12, 2021

London’s Outlook: An Analysis by Hotel Class

When booking a hotel room, guests are considering more factors than ever in deciding which property to call home in their destination. One of the many considerations is price, and by extension hotel class, which leads us to this latest analysis of occupancy on the books in London. Examining future occupancy levels by class allows for a better understanding of the traveler booking rationale for the upcoming months.

October 12, 2021

STR: Preliminary September data for Berlin hotels

Berlin’s hotel industry reported its second-best occupancy and highest room rates of the pandemic-era, according to preliminary September 2021 data from STR.

Berlin, Germany

October 8, 2021

AJ Capital Partners Announces Acquisition of Slieve Donard Resort & Spa

Adventurous Journeys (AJ) Capital Partners announced today that it has acquired Slieve Donard Resort & Spa in Newcastle, County Down in Northern Ireland. The property has been acquired from Hastings Hotels, the largest independent hotel operator in Northern Ireland, who has proudly operated the property since 1972. Positioned adjacent to the world-renowned Royal County Down Golf Club, the 181-key hotel will be the first Marine & Lawn Hotels & Resorts property in Northern Ireland and the fourth hotel in the collection. Slieve Donard Resort & Spa will join Marine & Lawn properties launched in summer 2021, including Rusacks St Andrews in St Andrews, Scotland; Marine North Berwick in North Berwick, Scotland; and Marine Troon in Troon, Scotland.

AJ Capital Partners

Newcastle, Ireland

Opinion Article

October 8, 2021

Rising costs, staffing shortages and multi-speed recovery play havoc with the UK hotel sector

A lively Q&A session, moderated by HVS chairman Russell Kett, addressed factors likely to hamper recovery progress. ‘The challenge around financial forecasting particularly if you have London hotels, as well as the pace of the change – when will it come back and how will it come back,’ was a key issue for Arron Taggart of Cheyne Capital, with travel restrictions, lack of airlift and scarcity of MICE business highlighted by Jan-Willem Terlouw of Westmont Group.

By Russell Kett, Chairman at HVS - London Office, HVS

Opinion Article

October 5, 2021

Challenges Ahead for Corporate Housing and Extended Stay

With relaxation of full lockdown measures now finally in sight, the hospitality industry is waking up to a new set of opportunities and challenges. What underlying concerns do we foresee need to be addressed going forward for the extended stay market and the corporate housing model?

By Andrew Reitmaier, Director, Horwath HTL United Kingdom, Horwath HTL

BTA (Business Travel Association)

October 5, 2021

BTA Reveals Domestic Recovery But International Travel Slow

Today, the Business Travel Association (BTA) has revealed that the UK lost £4.76 billion in GDP in the fourth week of September, due to the decline of business travel trips following Covid-19*.

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Why Hospitality Net Leads B2B in Hospitality

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Hospitality Net

September 28, 2021

STR: Glasgow hotel occupancy nearing 90% for upcoming UN Climate Change Conference

Glasgow’s hotel occupancy on the books is nearing 90% for the UN Climate Change Conference in early November, according to data from Forward STAR, STR’s forward-looking benchmarking solution.

Glasgow, United Kingdom

September 13, 2021

STR: Preliminary August data for London hotels

STR's preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic.

External Article

August 27, 2021

Summer 2021 assessment: The French hotel industry is finally going through a better period

The French hotel industry was counting on the end of health restrictions to finally reboost the activity. That's a done deal, as summer 2021 was much better than in 2020: +47% in turnover for the period from July 1st to August 21st, even if this is still quite below pre-COVID levels (-20.4% in turnover compared to the 2019). The sector is therefore back on track. But locally, the situations are extraordinarily contrasted: while some destinations are reporting solid increases, others are still a long way from getting back to their pre-crisis levels. Here is a complete review of this summer like no other.

hospitality-on.com

France

August 13, 2021

STR: Preliminary July data for Berlin hotels

STR's preliminary July 2021 data shows Berlin with its highest performance levels since the start of the pandemic.

Berlin, Germany

Why Hospitality Net Leads B2B in Hospitality

July 30, 2021

GBR Hospitality Newsletter 2021 Q2

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.

GBR Consulting

Greece

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Supplier News

July 29, 2021

German Hotel Bookings Lead Europe’s Growth Rate, Are Back To Outpacing The Global Average

For the first time in over 275 days, data from SiteMinder’s World Hotel Index reveals that on Wednesday, July 14, 2021, the volume of bookings to hotels in Germany again began exceeding the global average.

SiteMinder

Germany

July 27, 2021

London Short-Term Rentals Show Lower Performance Levels In June

London’s short-term rental industry recorded slightly lower performance levels from the previous month, according to June 2021 data from STR.

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.

Minor

Portugal

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.

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.

Spain

Supplier News

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.

SiteMinder

Portugal