onefinestay, the leading luxury private rental brand, and Herrmann Immeubles Group, a family-owned real estate investment company, today launched the Élysée Collection. It is a beautifully renovated building of luxury apartments available for short and mid-term rentals in the 8th arrondissement, Paris.
All eyes have been on summer events, and perhaps one of the biggest reunion tours kicked off on 4 July, with Oasis returning to the stage in Cardiff, performing for over 70,000 fans.
Multiple events combined to push Paris hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time monthly highs, according to June preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Companies in the United Kingdom could unlock over £319 billion in additional sales by increasing their strategic investment in business travel. Despite a steady recovery since the pandemic, current travel and expense (T&E) spending still falls short of the level needed to maximise revenue and profitability – even when considering COVID-era investments in virtual meeting platforms. The research finds that a 9.7% increase in T&E spending could yield an 8.1% rise in sales for UK-based companies.
New data from the World Travel & Tourism Council (WTTC) reveals Portugal’s Travel & Tourism sector is set to continue growing in 2025, following a landmark year in 2024 that saw the industry surpass all previous peaks across economic contribution, employment, and visitor spending.
With €698 million invested, the hotel market has had its 3rd best start to the year, while showing a slight decline compared to a very good Q1 2024 (-4%).
Poland’s Travel & Tourism sector is on track for a milestone year, with 2025 projections showing a return to pre-pandemic strength in GDP contribution and domestic visitor spending, according to new data from the World Travel & Tourism Council (WTTC).
France’s Travel & Tourism sector reached new historic heights in 2024 and is on track to exceed this exceptional performance throughout 2025, according to new data from the World Travel & Tourism Council (WTTC).
Accor, a world leading hospitality group, continues to bolster its leadership position in Europe and expansion across Spain by surpassing 100 hotels through several important openings across the country. The latest additions are part of the Group’s strategic expansion plan in Spain including its diverse portfolio of brands – from economy to luxury and lifestyle – and its commitment to grow in both sought-after as well as emerging destinations across the country.
Azerbaijan’s Travel & Tourism sector is set for a year of significant growth in 2025, with new data from the World Travel & Tourism Council (WTTC), forecasting a contribution of ₼10.3BN to the national economy – a 32% year-on-year rise, representing 8.2% of total GDP.
The Formula 1 Grand Prix race pushed Monaco’s hotel industry to its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary May data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Over the last 12 months, the Berlin hotel market saw several new hotel openings but also closures, resulting in an overall 0.1% decrease in total supply (-63 rooms, weighted by opening/closing date). There were 4 notable openings and re-openings (602 rooms) in Berlin during YE Mar 2025. Some hotels also underwent brand conversions, such as Radisson Collection (former Radisson Blue) and Roomers Berlin (Previously Autograph Collection). Most of the new hotels opened in the city center and within the Upper Upscale class (73.1% of new supply)
The World Travel & Tourism Council (WTTC) forecasts that by 2025 the travel and tourism sector in Spain could reach a new all-time high, with an estimated contribution of €260.5 billion to GDP, equivalent to almost 16% of the national economy.
Ahead of the UK hosting some of the biggest music tours and sporting events this summer, Airbnb reveals the impact of ‘Tour Tourism’, which contributes an estimated £28 billion annually to the UK economy1. As consumers prioritise spending on experiences over material goods – with spend on travel, entertainment and hospitality/leisure up 5.7%, 3.5% and 2.8% respectively year-on-year2 – hosting on Airbnb enables towns and cities to benefit from welcoming additional visitors during concerts, sporting events and cultural festivals.
Welcome to the 2025 Portugal Hotels and Chains Report, a comprehensive exploration of the dynamic hospitality industry in Portugal. This report delves into the unique opportunities and challenges facing this flourishing market, offering valuable insights.
The Construction Machinery and Mining trade fair (Bauma) pushed Munich’s hotel industry to its highest April average daily rate (ADR) and revenue per available room (RevPAR) on record, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Several events, including multiple concerts by Usher, lifted Amsterdam hotel performance in April, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
The upcoming Eurovision Song Contest is pushing Basel hotel booking levels as high as 97%, according to the latest Forward STAR data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Greece retained its 5th position as a top hotel investment destination in CBRE’s 2025 Hotel Investor Intension Survey supported by strong tourism trends and a growing luxury hotel segment. Greece registered 36.0 million international arrivals in 2024, up from 32.7 million in 2023, a growth of 9.8%, while travel receipts increased to € 20.6 billion in 2024 from € 19.7 billion in 2023 (+4.3%), excluding the cruise sector which contributed € 1.1 billion in 2024, an increase of 31.2% compared to 2023. The number of 5-star hotels and hotel rooms in Greece increased during the period 2019 – 2024 by 37% and 22% respectively and the 4-star sector by 14% and 8% respectively. According to data released in March 2025 by the Research Institute for Tourism indicated that the hotel sector generated an estimated total net revenue of € 11.5 billion in 2024 of which 40% by the 5-star sector and 39% by the 4- star segment. Compared to 2023, revenue at the 4-5-star segments increased by 9.9%, while the 1 – 3-star hotel showed a rise of 5.0%. The 3 – 5-star segments represent 56% of all hotels, 77% of all rooms and 92% of turnover. The CBRE survey also indicated that in terms of city destinations, Athens climbed to 8th place reflecting growing investor interests driven by strong tourism fundamentals and an expanding luxury hospitality sector.
The ratio of ‘total visitor nights’ in Dublin versus the ‘total number of bedrooms available’ shows that on a comparative basis Dublin has less hotel bed stock than the vast majority of European gateway cities. Dublin hotel occupancy averaged over 80% in 2023 and 2024 and the growing city events calendar will continue to mean multiple ‘compression nights’ per year.