STR: Europe hotel performance for Q1 2019
Europe's hotel industry reported mostly positive results in the three key performance metrics during Q1 2019, according to data from STR.Euro constant currency, Q1 2019 vs. Q1 2018Europe
Press Releases
Horwath HTL Industry Report: Poland Hotel Market
Poland is not only gradually reducing the distance to the richest EU countries but is now in the elite group of the 25 most developed economies in the world. Ranked 36th in the world, in the level of globalization, measuring 169 countries using the Global Connectedness Index, Poland has increasing ADR and occupancy of hotels in major cities, which in turn is encouraging investors to open new hotels.
STR: Preliminary March Data For London Hotels
STR's preliminary March 2019 data for London indicates strong performance.Based on daily data from the month, London reported the following in year-over-year comparisons:
Top-Line Growth Fails to Deliver Profit
The UK hotel industry is off to a rough 2019. At least on the profitability spectrum. A slight increase in RevPAR in February was not enough to push hotels into the black, as the UK suffered a second consecutive month of profit decline, according to the latest data tracking full-service hotels from HotStats.
PwC Hotels Forecast update: Spike in new rooms to check growth
The outlook for hotel trading in the UK this year remains flat as a surge in room supply, slowing global and UK economic growth and ongoing uncertainty relating to Brexit is expected to provide a challenging environment for performance growth.
Horwath HTL Industry Report: Turkey
Turkey is one of the leading tourism destinations in the world. It is where antiquity meets contemporary and it boasts stunning scenery as well as having a rich historical legacy. Despite the political and economical crises in the past few years, in 2018 Turkey attracted more than a record number of 46 million tourists with its breath taking coastlines, iconic destinations and mouth watering Turkish cuisine. This report, written by Alp Ancel of Horwath HTL Turkey, discusses how Turkey looks set to regain its position on the world tourism stage.
UK Hotels Forecast Update For 2019 And 2020
“We’ve had a hugely successful year in 2018, but I think things will become more commercially challenging over the next couple of years. As we all know, the biggest challenge is going to be attracting and retaining talented people to be part of our team.”
Horwath HTL Industry Report: Baku, Azerbaijan
Gergely Bálint, of Horwath HTL Hungary has written the latest market report on Baku, the capital city of Azerbaijan. Baku has more than its nine ‘climate zones’ and oil industry to boast about at the moment. Hotel development is booming as the market begins to appreciate the economic upside offered by tourism. Diversification of hotel products to attract more leisure travellers to the country, extends the booking period and minimises the reliance on corporate travel.
Queensgate Investments Acquires Four Grange Hotels for GBP 1B
Queensgate Investments has completed the acquisition of the Grange St Paul's EC4, Grange Tower Bridge E1, Grange City EC3, and Grange Holborn WC1 for circa GBP 1 billion.
Acomodeo Serviced Apartment Price Radar 2018: Growing Market Of Serviced Apartments Offers Savings Of Up To 54 Percent Compared To Hotels
Book a serviced apartment and save up to 54 percent in comparison to a hotel stay, depending on the DACH-destination. This is the result of the annual price radar conducted by market leader www.Acomodeo.com/. In the analysis, data from 40 cities in the DACH region were collected and the average prices of the hotel booking portal HRS were compared with the average prices of the serviced apartments listed on Acomodeo for the year 2018. According to the study, the largely saturated hotel market recorded an overall price increase last year. At the same time, the market for serviced apartments continued to grow strongly and recorded mostly low overnight rates, thus putting pressure on prices in overall eight out of eleven destinations in the DACH region.
STR: Preliminary February Data For London Hotels
STR's preliminary February 2019 data for London indicates record-high rates. Based on daily data from the month, London reported the following in year-over-year comparisons:
UK Millennials Will Take And Spend More On Leisure Trips During 2019 In Spite Of Brexit
New research study Portrait of UK Travellers™ shows that Millennials will drive overall tourism growth for 2019 and have the most positive outlook on Brexit's impact on travel.
STR: Survey On Brexit Travel Impact
Brexit has had little impact on 2019 travel plans but has shaped a negative perception of the U.K. among European travellers, according to findings of a recent survey conducted by STR's Consumer Travel Insights team. Conducted in February 2019, the survey captured the views of 927 U.K. and international travellers from STR's proprietary Traveller Panel, a global community of engaged travellers.
Edinburgh remains UK's number one destination for hotel development
Edinburgh remains at the top of Colliers International's latest UK Hotels Market Index, with a strong active pipeline and performance, largely due to consistently strong occupancy and average daily room rate (ADR) levels in 2018, a robust four-year upward revenue per available room (RevPAR) trend and continued strong market appetite.
UK Profit Disappoints Even As RevPAR Levels Stay Strong
Despite a 3.4-percent year-over-year increase in RevPAR in January, profit per room at UK hotels dropped by 2.6 percent due to rising costs, according to data tracking full-service hotels from HotStats.
Lisbon Hotel Market – Europe's Miracle Baby Maturing
Lisbon Hotel Market - Europe's Miracle Baby Maturing. This market pulse provides an overview of the tourism and hotel market in Lisbon, Portugal. It discusses the growing tourism trends in the market, the impacts on hotel performance, the challenges encountered in light of the airport capacity, and the resurgence of other competing markets such as North Africa. This article also provides a summary of the hotel pipeline as the city is becoming increasingly attractive to investors.
STR: Preliminary January Data For London Hotels
STR's preliminary January 2019 data for London indicates record performance levels. Based on daily data from the month, London reported the following in year-over-year comparisons:
GBR Hospitality Newsletter 2018 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.
Final Flourish Secures Annual Profit Growth for UK Hotels
A strong finish to 2018 secured a second consecutive year of GOPPAR growth for UK's hotels, as they sidestepped challenging economic and political conditions, according to the latest data tracking full-service hotels from HotStats.
Supply Increase Impacts Occupancy in UK’s Provincial Hotels
The fortunes of London's hotels compared with those in the provinces widened in Q4 2018 as occupancy in London rose by 5% year-on-year compared with a more modest 1% increase in hotels outside the capital.
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