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.
Press Releases
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.
Horwath HTL Industry Report: ITALY - Construction & Renovation Costs in Hospitality
With this latest report from Horwath HTL Italy, we shed light on the world of CapEx in Italian Hospitality. The report covers in detail the cost of building, converting and renovating hotels and resorts in Italy. With data collected from over 50 projects over the last five years, the report represents five thousand hotel rooms, worth a collective half a billion Euros.
STR: Preliminary December Data For London Hotels
STR's preliminary December 2019 data for hotels in London indicates lower occupancy but higher rates.
HotStats November UK Market Report: Discordant Hotel Performance Continues
Revenue growth hasn't been an issue for UK hoteliers this year. It's driving profit that has them frustrated. In a tale that is becoming all too common for the region, RevPAR at UK hotels was up in November, but profit against the same time last year was negative, according to data from HotStats. RevPAR grew slightly 0.3% YOY, while GOPPAR was down 1.8% YOY, illustrating the sometimes incongruous relationship between revenue and profit.
STR: Preliminary November data for London hotels
STR's preliminary November 2019 data for hotels in London indicates slightly lower occupancy but higher rates. Based on daily data from the month, London reported the following in year-over-year comparisons:
A Rough Start to the Final Quarter of 2019 for UK Hotels
Like the three that preceded it, the final quarter of 2019 started with a year-over-year fall in profits per available room in the UK, according to data from HotStats. The 5.3% YOY drop in GOPPAR in October was only surpassed by the 9.4% plunge recorded in April, and marks the seventh month in the year to record a YOY contraction in profits.
Horwath HTL Industry Report: Madrid, Spain - Tourism & Hotel Market Analysis
Madrid is more than ever capturing the interest of international hotel investors. The hotel supply pipeline - including many international Upper Upscale and Luxury hotel brands - will significantly change the city's landscape and tourism appeal. For some hotel groups, these projects will be their first hotel in Spain's capital city, a presence that is clearly of great importance in one of the largest cities in Europe. The capital's hotel market is in good shape and it looks like there will be room for further improvement.
STR: Preliminary October data for London hotels
STR's preliminary October 2019 data for hotels in London indicates lower demand but high room rates.Based on daily data from the month, London reported the following in year-over-year comparisons:
GBR - Greek Hospitality Industry Performance Q3 2019
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.
UK Hotel Market Tracker Q3 2019
AlixPartners, STR and HVS have published the Q3 2019 UK Hotel Market Tracker. The Hotel Market Tracker analyses performance, supply and transactions in London and the UK regions.