Rome’s hotel industry recorded its highest daily performance levels of 2025 due to the funeral of Pope Francis, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets.
Türkiye’s Travel & Tourism sector is set to soar to new heights in 2025, according to the latest data from the World Travel & Tourism Council (WTTC), cementing the country’s status as one of the world’s most popular and most resilient destinations.
The World Travel & Tourism Council (WTTC) has warned that the UK lost more than £2.2BN worth of exports as international visitors’ spending nosedived last year, compared to 2019, as the UK government continues to pile on taxes, red tape and slashes the budget of VisitBritain, the UK’s marketing arm.
Despite continued increases in the cost of living, the UK population is not willing to sacrifice their holidays. 84% of Brits take a holiday each year, with the number of annual breaks reaching a record high of 3.94 per person.
Ahead of the Easter weekend, YOTEL, the global hospitality group for those on the go, has commissioned independent research to discover more about the UK’s holiday habits this Easter.
Barcelona’s hotel industry recorded its highest-ever March average daily rate (ADR), with one night during the Mobile World Congress reaching the second-highest individual level in the market’s history, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
As global tourism rebounds, Italy stands out as one of the most attractive hospitality investment markets in Europe, surpassing pre-pandemic levels in both visitor numbers and ADR growth. Unlike Spain, where investment is spread across resort-heavy markets, and France, where high barriers to entry limit new projects, Italy offers a diverse range of opportunities from luxury city hotels in Rome and Milan to ultra-exclusive resorts in emerging destinations like Taormina and Lake Como.
The UK hotel sector rebounded closer to pre-pandemic levels of occupancy and improved profitability in 2024 despite rising costs, according to new research from Knight Frank.
The sample of branded full-service hotels in Milan recorded a decrease in profit during the 12 months running to September 2024. The GOP per available room (PAR) decreased by -5.4% due to a 1.7% revenue decrease and a marginal rise in expenses (+0.7%).
New Year’s celebrations and multiple events pushed Paris hotel average daily rate (ADR) and revenue per available room (RevPAR) to all-time highs for January, according to preliminary data from CoStar. CoStar is a leading global provider of commercial real estate data, analytics and news.
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.
Munich’s hotel industry reported its highest December 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.
Our 22nd webinar, held on 10 December, explored the impact of the 2024 Budget on the hospitality sector, highlighting concerns about increased costs from rising NI contributions and thresholds, minimum wage increases and business rates, with one of our experts noting that these changes could lead to a 10% increase in payroll costs, necessitating a 5%-7% revenue growth to mitigate the impact.
The outlook for UK hotel market demand in 2025 appears to suggest a generally positive picture. While the below average UK GDP growth of 1.6% in 2025 could dampen UK domestic business and leisure demand, UK interest rates are predicted to reduce resulting in a weakening pound. This could boost inbound tourism with the relative affordability of the UK for international travellers.
Travelodge Group, the UK’s first budget hotel brand which operates more than 600 hotels, today announces its results for the nine months ended 30 September 2024. Travelodge delivered a 0.5% increase in revenue to £786.1 million (2023: £782 million), reflecting resilient market demand from its diverse range of leisure and business customers, albeit with a more challenging rate environment. The Group reported a comparable Group EBITDA of £187 million and Travelodge OpCo delivered a comparable EBITDA of £178 million (2023: £195.2m), while navigating ongoing inflationary pressures, including successive increases in the National Living Wage, rent reviews and energy costs.
Two years ago—in partnership with some of the largest real estate companies in the US—we launched Airbnb-friendly Apartments (AFA) to help renters locate apartment buildings that would allow part-time hosting, something previously difficult to find. Since that time, we’ve been hard at work continuing to grow the program and today, we’re excited to announce the expansion of AFA underneath Airbnb-friendly Real Estate, which now also includes Airbnb-friendly Condos (AFC).
This newsletter provides a snapshot of the performance and outlook of the Greek hotel industry.