Portugal is currently trending as one of the key tourism hotspots in Europe; and the country's most recent hotel performance confirms this. The most important players in the tourism industry - whether family offices, private and institutional investors or hotel operators - have one or two projects in their sights or in their pipeline, raising the profile of urban, rural and coastal destinations across the country.
Ahead of next week's EXPO REAL trade fair, STR conducted an analysis on the correlation of growth in Germany's GDP and hotel revenue per available room (RevPAR). In addition, forecasts from STR and Tourism Economics project German hotel markets to see higher RevPAR in 2020, despite occupancy declines and the uncertainty around an economic recession.
Our UK Hotels Forecast 2019-2020 has launched today - download your copy. As with previous years, we assess the performance of the hotels sector over the last 12 months and consider future industry trends. The forecast at a glance This year, our forecast suggests the hotel industry is at a pivotal point.
Profit per room at UK hotels increased year-over-year for only the second time this year, but hoteliers will take it. GOPPAR in August increased 0.6% YOY, the first positive growth since it grew 11% YOY in June. The rest of 2019 had been a GOPPAR dud. Hoteliers now hope it's the start of a winning streak.
The Hotels & Chains in Switzerland 2019 report by Horwath HTL reveals that the chain penetration rate by key is already at over 26% and growing fast. 38 chain hotels with roughly 4,800 additional keys will be added to the existing supply in the next three years.
Preferred Hotels & Resorts, the world's largest independent hotel brand representing more than 750 hotels, resorts, and residences across 85 countries, is pleased to welcome The Londoner as the newest experience within the brand's esteemed Legend Collection. With The Londoner set to launch in spring 2020 as the U.K.'s most anticipated opening of the year, this new partnership demonstrates the company's commitment to welcoming independent hotels that go beyond well-appointed guestrooms and best-in-class facilities by offering one-of-a-kind, immersive experiences that are reflective of local culture.
STR's preliminary August 2019 data for London indicates lower occupancy but significant overall performance.Based on daily data from the month, London reported the following in year-over-year comparisons:
In a scenario that's becoming exceedingly familiar, and one that illustrates the frequent occurrence of revenue and profit misalignment, RevPAR at hotels in the UK hit a high in July, but GOPPAR turned negative, sapped by rising costs, according to the latest data tracking hotels from HotStats.
KPMG UK research finds that 30% of the UK public have changed their spending as a result of Brexit uncertainties1. A fifth (22%) have avoided making big ticket purchases with almost one in ten (9%) missing out on overseas holidays and 6% avoiding investing in the economy via stocks & shares. Meanwhile, 8% of people have put more money into savings 'just in case'.
STR's preliminary July 2019 data for London indicates significant performance levels. Based on daily data from the month, London reported the following in year-over-year comparisons.
Known for its impressive mosques, mausoleums and fascinating links to the Silk Road, Uzbekistan, a former Soviet republic, has now become Central Asia's biggest draw for its show-stopping architecture and ancient sites. The new government has opened its doors to tourism, with an easier visa process and regular flights into the capital.
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.
London recorded continued strong growth in Q2 2019, as hoteliers pushed rates for visitors travelling to watch the ICC Cricket World Cup. In contrast, regional RevPAR decreased for the second consecutive quarter, even with numerous matches being hosted outside of the capital. The combination of top line retraction, costs pressures, and unrelenting new supply is putting significant pressure on regional hotel margins.
June was a banner month for UK hotels. Profit performance hit a peak for the year as the typically strong month was boosted by the Cricket World Cup, according to the latest data tracking hotels from HotStats.GOPPAR for June was up 10.8% year-over-year, hitting £75.47, which is a recent high and 61.5% above the year-to-date figure.
With just 468 km2 of surface, Andorra is a small tourist paradise that offers an infinity of activities to its visitors, both in winter to enjoy its ski resorts, and in summer to enjoy all its hiking and nature routes, without forgetting the wide range of commerce available.
STR's preliminary June 2019 data for London indicates strong performance levels.Based on daily data from the month, London reported the following in year-over-year comparisons:
Horwath HTL and ABN AMRO present the Dutch Hotel City Index 2019, a ranking of the top 15 cities in the Netherlands for hotel investors. The index shows which cities boast the best hotel investment climate, based on scores in six categories: hotel demand, hotel supply, sustainability, economy, demographics and the real estate market.
Despite RevPAR growth, an increase in costs continued to chip away at profit levels at hotels in the UK in May, according to the latest data from HotStats.
STR's preliminary May 2019 data for London indicates higher room rates.
Hotels in the UK suffered their largest margin of year-on-year profit decline since late 2016, as ancillary revenues fell and costs soared in April, according to the latest data tracking full-service hotels from HotStats.