When big-name musicians come to town, hotels usually experience a significant uplift in demand, and subsequently, command strong room rates. With the 2022 summer months drawing to a close in the northern hemisphere, European markets have been a prime example.
Berlin’s hotel occupancy came in just below the pre-pandemic comparable from July 2019, according to preliminary July 2022 data from STR.
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.
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.
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’s hotel industry reported its highest monthly room rates on record, according to preliminary June 2022 data from STR.
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.
Berlin’s hotel industry reported its highest monthly occupancy and room rates since late 2019, according to preliminary May 2022 data from STR.
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.
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, 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.
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.
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.
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?
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.
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.
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.
Scottish-based hotel company Highland Coast Hotels has announced the acquisition of The Tongue Hotel as it also celebrates one year of investment in the North Highlands region.
The World Travel & Tourism Council’s latest Economic Impact (EIR) reveals the Travel & Tourism sector in Germany will catapult the national economic recovery and could surpass pre-pandemic levels next year, nearly 2.5% above 2019 levels.
The World Travel & Tourism Council’s latest Economic Impact Report (EIR) reveals the Travel & Tourism sector in the UK is expected to create nearly 700,000 new jobs over the next decade.