STR: Berlin hotel performance jumped in September
Berlin’s hotel industry reported improved occupancy and all-time highs in room rates and revenue per available room (RevPAR), according to preliminary September 2022 data from STR.
Press Releases
Dublin hotel performance soared during Garth Brooks tour, late bookings were part of the success
The star country music performer, Garth Brooks, has departed Dublin after completing five sold out shows at Croke Parke. In early 2022, STR utilized Forward STAR data to analyze the impact that Brooks’ arrival was due to have on local hotel demand levels. In this most recent review, we added in actualized data to understand the impact on hoteliers as fans descended to the 82,00-seater venue.
STR: London hotel rates exceeded pre-pandemic levels in July
Aligned with seasonal patterns, London’s hotel performance came in lower than the peak seen during the previous month, according to preliminary August 2022 data from STR.
Two New Members Join Relais & Châteaux
Their history, cultural heritage and exceptional devotion to the art of living have won over Relais & Châteaux, which warmly welcomes these two new properties in France.
onefinestay launches exceptional new stays in Paris
onefinestay, the leading luxury private rental brand offering the world’s finest homes and service, re-launches its Paris Home Collection, unveiling new stays in the finest addresses within the City of Light. From opulent townhouses to sleek, light-filled lofts, each home has been carefully chosen for its exceptional style, character and only prime locations—inviting families and groups of friends to find their home-from-home in the French capital.
Big-Name Concerts Boost Demand for Hotels in Europe
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 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.
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.
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.
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.
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.