STR: Preliminary June data for London hotels
STR's preliminary data for London hotels showed record performance lows. Comparison with June 2019:
STR's preliminary data for London hotels showed record performance lows. Comparison with June 2019:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 29 June through 5 July, is linked below.Key highlights:
Hotels and destinations need to overcome the initial shock of the Covid-19 pandemic and it's repercussions, and quickly understand the new environment within which they will need to operate. An environment with almost zero bookings, a crashed demand, increased operational costs, health & safety protocols and procedures, closed borders, different sentiments amongst people, different needs and a shortened season that will most probably become less that 80 days and mostly domestic-oriented.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 15-21 June, is linked below.Key highlights:
As lockdown is gradually eased, UK residents have a more positive view of the coronavirus situation compared to ten weeks ago, according to GlobalData's COVID-19 Consumer Survey.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 1-7 June, is linked below.Key highlights:
STR's preliminary data for Berlin hotels showed slight improvement from April but record lows for May. Comparison with May 2019:
Nearly three million jobs could be lost in the UK Travel & Tourism sector if barriers to global travel, such as quarantine measures and blanket anti-travel advisories remain in place, according to new research from the World Travel & Tourism Council (WTTC).
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 25-31 May, is linked below.Key highlights:
The UK hotel sector's traditionally strong domestic leisure demand bodes well for the sector's recovery once lockdown measures from COVID-19 are fully lifted, according to our latest report on the UK market.
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 18-24 May, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 11-17 May, with a look at April monthly data, is linked below.Key highlights:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 4-10 May, is linked below.Key highlights:
Reflecting the continued impact of the COVID-19 pandemic, April was London's worst hotel performance month on record, according to preliminary data from STR. Comparison with April 2019:
Each week, STR analysts provide a deep-dive into U.K. hotel performance. The most recent video, highlighting performance for the week of 27 April through 3 May, is linked below.
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.
Hoteliers in the Netherlands and Belgium expect that the corona crisis will have a long-term impact, but will eventually recover. This is shown in new research by Horwath HTL. The domestic market will recover relatively quickly and perhaps even come out of the fray more strongly, but the international market is facing a slow recovery. A large number of closed hotels are now cautiously opening again, but revenues in the first half of the year have been at least halved. The projections for the second half of the year also show much lower occupancies and revenues. After the crisis, which hoteliers expect to last for at least 6 to 12 months, a slow recovery is expected.
A major new report has revealed Travel & Tourism's crucial contribution to help kick-start, the UK's economic recovery once the COVID-19 pandemic has been successfully combatted.
Reflecting the circumstances around the COVID-19 pandemic, STR's preliminary March data for hotels in London shows significant year-over-year declines in the three key performance metrics. Comparison with March 2019:
As the COVID-19 situation in France has worsened, the country's daily hotel occupancy plummeted to as low as 3.3% on 17 March, according to preliminary data from STR and In Extenso TCH.Daily occupancy in the country was as high as 65.3% on 26 February and had been positioned above 30% through 12 March. However, a sharp downward trend began as the number of confirmed COVID-19 cases grew and the government implemented measures to combat the spread. STR's most recent data for 17 March showed that just three of 100 rooms on average were occupied in the country.