STR: U.K. weekly hotel performance update
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:
Press Releases
STR: Preliminary April data for London hotels
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:
STR: U.K. weekly hotel performance update
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.
GBR Hospitality Newsletter 2020 Q1
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.
Benelux Hoteliers expect relatively quick recovery of local market, and slow recovery of international market
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.
UK’s economic recovery will be powered by Travel & Tourism sector says WTTC
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.
STR: Preliminary March data for London hotels
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:
STR: France’s daily hotel occupancy plummets to as low as 3.3%
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.
Coronavirus Hits German Hotel Industry Hard: More Than Every-3-Guests Stay Away
Since 1 March 2020, hotel occupancy in Germany has decreased by more than 36% compared to the previous year: This is shown by the analyses of the market research companies STR and Fairmas. They show that in addition to air transport, logistics, trade fair organizers, tourism service providers, cultural institutions and domestic industry, the hotel industry in particular is struggling with dramatic declines in sales.
STR: London Hotel Performance Drops Amid Growing COVID-19 Concerns
STR's preliminary data for hotels in London shows slightly negative performance in February 2020 that worsened into double-digit declines during the first week of March.
STR: Italy hotel occupancy drops amid COVID-19 outbreak
Key hotel markets in Italy have reported significant occupancy declines amid the outbreak of coronavirus (COVID-19), according to preliminary February data from STR."Italy has become a focal point of the COVID-19 outbreak, so to no surprise, the hotel occupancy impact has been significant in certain markets," said Robin Rossmann, STR's international managing director. "It is important to note, however, that performance declines are more pronounced in Italy in comparison with other countries due to the significant measures being taken by the government to combat the virus spread. The hope is that these measure will position Italy to rise from the situation earlier than other countries in order to offer a safe European destination for summer travelers."
Horwath HTL Industry Report: Galicia Market Overview
The region has diverse hospitality products, recently expanded to include more international brands, strong destination marketing support and the local business community has invested heavily in infrastructure. These combined efforts mean that Galacia is now a significant destination within Spain.
Four Seasons Launches “Take The Leap” Podcast Series
Embracing an extra 24 hours in 2020, Four Seasons is spotlighting tangible transformation through travel in a three-part podcast series launching today. Following the release of a global survey looking at varying perspectives on the value of time, Four Seasons further explores how travellers can make the most of this year's 366 days, through dynamic conversations with global adventurers.
UK Hotels’ Profit Shrink a Continuance of 2019
UK hotels got off to a rough 2020 start, registering a year-over-year drop in profit, which, to the dismay of hotel owners and operators, was illustrative of 2019, as well. For full-year 2019, UK hotels recorded a 0.2% decline in GOPPAR over the year prior.
STR: Barcelona hotel bookings drop after Mobile World Congress cancellation
Business on the books has dropped roughly 25% in select Barcelona hotels since the announced cancellation of the Mobile World Congress, according to preliminary data from Forward STAR, STR's future demand benchmarking solution.
STR: Preliminary January data for London hotels
STR's preliminary January 2020 data for hotels in London indicates lower occupancy but higher rates.Based on daily data from the month, London reported the following in year-over-year comparisons:
STR: Berlin hotels post record-breaking year
Berlin's hotel industry reached its highest levels in occupancy and revenue per available room (RevPAR) despite the uncertainty around an economic recession, according to 2019 data from STR.Thanks to healthy demand growth and a lack of significant supply increases, occupancy rose 1.5% to 79.2%, driving RevPAR growth of 1.4% to EUR78.87. Average daily rate (ADR), on the other hand, fell slightly (-0.1% to EUR99.53). "Berlin has become, after London and Paris, one of the most popular leisure destinations in Europe," said Christian Strieder, STR's country manager DACH. "At the same time, the German capital has also grown in popularity for MICE (meetings, incentives, conferences and exhibitions) business."According to STR analysts, a number of events were key in the German capitals' performance. January showed the market's highest year-over-year increase in occupancy (+11.1%), thanks in part to Berlin Fashion Week (15-18 January 2019) and International Green Week Berlin (18-27 January 2019). May was the top growth month in ADR (+8.0%) and RevPAR (+15.2%), due in part to the Airlift Festival on the occasion of the 70th anniversary of the Berlin Airlift (12 May 2019). In February, Berlin recorded increases in occupancy (+3.4%) and RevPAR (+6.6%). STR analysts tied the performance to the 69th annual Berlin International Film Festival (7-17 February 2019). On 9 November, Germany celebrated the 30th anniversary of the fall of the Berlin Wall. During the celebration weekend (8-10 November), the market reported two nights with double-digit RevPAR gains.
GBR Hospitality Newsletter 2019 Q4
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.
Occupancy softens in London’s hotels in Q4 2019
Hotels in London saw RevPAR growth of 0.9% in Q4 2019, to £135.25, compared with the previous year, according to the latest UK Hotel Market Tracker: Q4 2019, produced by HVS London, AlixPartners and STR.
UK Hoteliers Turn the Page After Uneven Profit Performance in 2019
2019 ended on a sour note for UK hotels. According to HotStats data, December marked the third consecutive month of year-over-year profit per available room decrease, as GOPPAR was down 0.9%. In sum, there were nine months in 2019 that saw YOY GOPPAR contraction.