Pope Leo XIV’s Visit to Spain Expected to Spark Tourism Surge and Economic Boost
Pope Leo XIV's June 2026 visit to Spain could generate €90–125M in tourism spending, with Madrid alone projected at €73.8M driven by 1.8 million expected attendees.
Press Releases
UK Hotels: Q1 Revenue Growth Isn’t Outpacing Costs
UK hotels posted 2% TRevPAR growth in Q1 2026, but labour costs rose at nearly double that rate, compressing profit margins and widening the gap between revenue gains and operating expenses.
GBTA Welcomes EU Measures to Make Travel Easier to Book, Compare and Manage
GBTA supports new EU legislation requiring integrated booking systems and emissions data for cross-border rail and multimodal business travel.
FIBO 2026 boosted Cologne hotel performance in April
RevPAR jumped 8.7% year-over-year with peak occupancy hitting 96.5% on the trade show's opening night.
Events pushed Barcelona’s April occupancy to 9-year high
RevPAR jumped 10.7% year-over-year to EUR164.93, with occupancy peaking at 95.5% during Bridal Fashion Week and FCE/SeaFood festival.
Spain Becomes Europe’s High-Value Travel Champion as Global Visitor Spend Reaches Record US$2TN
Spain ranks third globally with $130.1B in visitor spending and $1,344 average spend per traveller, outperforming Europe's $1,068 average.
Greek Hospitality Industry Performance - 1st Quarter 2026
Greece's Q1 2026 hotel sector shows mixed performance with Athens RevPAR up 4.5% despite geopolitical tensions and rising operational costs from energy inflation.
MCE, Paralympics, and Fashion Week push Milan hotel room rates to March record
CoStar data shows Milan hotels achieved record March performance with EUR202.42 ADR, driven by Fashion Week, MCE tradshow, and Winter Paralympics.
Paris hotel room rates jumped during eventful March
CoStar data shows Fashion Week and concerts drove record March performance, with ADR reaching €438 and occupancy hitting 88%.
Robust Investor Confidence: 86% of Investors Back European Hotel Investment in 2026
Cushman Wakefield survey of major investors finds Southern Europe and gateway cities most attractive for hotel investment this year.
GBTA Welcomes EU Approval of Package Travel Directive and Exclusion of Business Travel
GBTA supports EU Parliament's exclusion of business travel from revised Package Travel Directive, providing regulatory clarity for corporate travel services.
ITB Berlin 2026: The industry sets an example for dialogue and resilience in uncertain times
The 60th anniversary event generated €47 billion in business deals despite Middle East flight disruptions, featuring Angola as host country and announcing Maldives for 2027.
Milan hotels post highest Winter Olympic occupancy peak since 2010
CoStar data shows Milan averaged 83.4% occupancy during the Winter Olympics, with luxury properties posting RevPAR gains of 321.9% year over year.
The UK hotel sector stages second-half comeback in 2025, supported by sustained growth in leisure and wellness demand, says Knight Frank
UK hotels recovered from first-half challenges with 3.8% H2 RevPAR growth in regional markets and 6% leisure revenue increases.
London’s Hotels Maintain Strong Profitability Despite Softer RevPAR in 2025
Central London hotels achieved 46.8% GOP margin and £135.5 GOP per room through disciplined cost control, despite 0.9% RevPAR decline and ongoing wage pressures.
The World’s 50 Best Hotels 2026 to Take Place in Paris
The prestigious awards ceremony moves from London to Paris for the first time since 2023, with extended voting periods and new Academy leadership.
Latest WTTC research shows that at least £14 billion would be lost from the UK economy if daily visitor taxes are introduced
Study of 2,502 travelers shows 29% of international visitors and 39% of UK residents would avoid destinations with visitor taxes.
Cologne hotel performance jumped in January
RevPAR surged 23.2% year-over-year driven by events including Imm Cologne trade fair, STICKS & STONES career fair, and entertainment events.
WTTC warns that new UK tourism levies would dent growth, restrict jobs and reduce competitiveness
WTTC data shows UK tourism growth at 4.3% lags 36% behind global average of 6.7%, with country already ranking 113th for price competitiveness.
WTTC High-Level Meeting in Madrid Examines Global Investment Challenges and Opportunities in Travel & Tourism
The sector contributed $11.7 trillion to global GDP in 2025, with 1.5 billion international travelers marking the strongest year on record.