STR: Berlin hotel performance improved in March
Berlin’s hotel industry reported month-over-month performance improvement, according to preliminary March 2022 data from STR.
Press Releases
Turkey to benefit from rise in budget-conscious travelers due to the cost-of-living crisis, says GlobalData
With traveler confidence taking yet another hit amid the rising cost-of-living across Europe, Turkey* will emerge as the destination of choice for budget-conscious travelers in 2022, finds GlobalData, the leading data and analytics company.
STR: London hotel performance improved in February
London’s hotel industry reported month-over-month performance improvement, according to preliminary February 2022 data from STR.
WorldHotels™ Adds Five Properties to Crafted Collection Portfolio
WorldHotels™ today announced the addition of five new properties to the brand’s newest collection of hotels: WorldHotels Crafted Collection. The Hotel Kung Carl, NOFO Hotel, The Winery Hotel, Hotel Frantz, and Hotel Ruth, all located in Stockholm, Sweden, have joined the exclusive portfolio of WorldHotels Crafted Collection hotels and resorts.
Two years of Covid does £115bn damage to UK hospitality industry
Two years on from the start of the Covid pandemic, the full extent of the damage done to the once vibrant hospitality industry has been revealed – a massive and devastating £115bn loss.
STR: Berlin hotel performance fell lower in January
With tight pandemic restrictions, Berlin’s hotel industry reported lower performance than months prior, according to preliminary January 2022 data from STR.
UK’s Travel & Tourism Sector Poised to Hit £192 Billion This Year if Government Keeps Borders Open, Says WTTC
New data from the World Travel & Tourism Council (WTTC) shows the UK’s Travel & Tourism sector is recovering, with the country’s GDP predicted to rise to £192 billion, just 19% below pre-pandemic levels by the end of 2022.
London Hotels See Flight to Quality From Today's Leisure Guests, Hears Webinar
London’s hotel market will return to pre-pandemic performance levels but is unlikely to return to growth until at least 2024/25. This was the conclusion of the 15th hotel webinar organised by consultancy HVS, legal expert Bird & Bird, publishing group EP Business in Hospitality and restructuring advisory firm AlixPartners, held yesterday (9th February 2022).
Greek Hospitality Industry Performance Q4 2021
The number of rooms in operation during 2021 in both the Athens and Thessaloniki market reached a level of 79% compared to the pre-pandemic levels of 2019. At the beginning of 2021 many hotels remained closed and slowly opened up after the announcement of the Greek Government on May 14th 2021 to open up tourism. During the last quarter of 2021 both markets operated at full capacity.
Beaumier acquires three hotels in Wengen, Switzerland as part of their international expansion
Beaumier, the hotel group for those who are looking for an escape in a unique and authentic setting, today announced the acquisition of three hotels in Switzerland’s Alpine region of Wengen for an undisclosed amount. The three hotels are located right in the centre of the village with ski-in, ski-out capabailities and magnificient views to the Jungfrau and the Lauterbrunnen-valley.
Bain Capital Credit and Stoneweg Hospitality Acquire Second Historic Marbella Hotel
Stoneweg Hospitality (“Stoneweg”) and Bain Capital Credit, LP (“Bain Capital Credit”), via their real estate hospitality joint venture (the “JV”), have signed an agreement to acquire the group of companies that owns and operates the Hotel Los Monteros Spa & Golf Resort in Marbella, Spain. It is the second investment undertaken by the JV in the Marbella area following the acquisition of the Andalucía Plaza hotel in Puerto Banús in 2021, which is currently being converted into the Hard Rock Hotel Marbella.
STR: London hotel occupancy fell in December amid latest COVID concerns
Amid increased COVID-19 cases, London’s hotel industry reported lower occupancy but higher room rates, according to preliminary December 2021 data from STR.
London hotel market recovery set to continue despite Omicron setbacks
For the first time since the start of the pandemic, the performance of London’s hotels was more encouraging than regional hotels across the UK, according to research from Knight Frank, the leading independent global property consultancy.
STR: Paris leads Europe in New Year’s hotel booking levels
Lifted by the upcoming holiday season, hotel occupancy on the books is rising in Paris with a peak of more than 70% on New Year’s Eve, according to STR’s Forward STAR.
COVID-19 webinar summary: 5 key points on France hotel performance, 3 December
Knowing you might not have time to watch our full webinars, we are pleased to continue our series of COVID-19 webinar summaries. In this latest edition, we talk performance in France.
STR: Berlin hotel occupancy declined in November amid latest COVID concerns
Amid rising COVID cases and subsequent restrictions, Berlin’s hotel industry reported lower occupancy but higher room rates, according to preliminary November 2021 data from STR.
The Staycation helps deliver record Q3 results with resilience in budget travel market
Craig Bonnar, Chief Executive commented: “Following the lifting of all Covid-19 restrictions Travelodge has delivered a record trading performance in quarter 3. We saw a significant increase in demand post 19 July, with very strong levels of domestic leisure demand across the UK this summer, good ‘blue collar’ business demand and we also benefited from the reduced VAT rate."
STR: London hotel performance reached pandemic-era highs in October
London’s hotel industry reported its highest performance levels of the pandemic-era, according to preliminary October 2021 data from STR.
Travel & Tourism sector in France set to recover more than a third this year, shows new WTTC research
New research from the World Travel & Tourism Council (WTTC) reveals the France’s Travel & Tourism sector’s recovery could achieve a growth of 34.9% this year.
Accor becomes an official partner of the Olympic and Paralympic Games Paris 2024
Paris 2024 President Tony Estanguet and Chairman and CEO of the Accor Group Sébastien Bazin announced a partnership between Paris 2024 and Accor at the Destination France Summit, which took place today in Paris and was attended by the French President Emmanuel Macron. Accor, a leading global hotel group and the largest hotel operator in France, thereby becomes an official partner of the Olympic and Paralympic Games Paris 2024. Accredited personnel will enjoy the full extent of Accor’s savoir-faire as it greets and provides them with accommodation all over France. More particularly, the group will offer its services to athletes and the media in their respective villages.