Boosted by three key events, Berlin’s hotel industry posted its highest July levels in average daily rate (ADR) and revenue per available room (RevPAR), according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Danish hotel company Zleep Hotels A/S is merging with the third-party hotel management company Core Hospitality A/S, creating the 4th largest hotel operating company from Denmark. The merger happens immediately after a split with Deutsche Hospitality; while the German hotel group now owns 100% of the Zleep Hotels brand, Core Hospitality owns 100% of the operations in Denmark.
The renowned IHG Hotel in the Wild once again returned to Wilderness presented by Audi last weekend. Following last year’s debut, the pop-up hangout was the place to be for festival goers and celebrities to kick back and enjoy heartfelt hospitality curated by IHG Hotels & Resorts.
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.
Summer is heating up (or cooling down, depending on where you’re reading from) and with this time of the year comes one of the busiest times to travel. Looking at these trends can help us make sense of our behaviors, the influences of travel decision-making, and predict years to come.
In the last 12 months, company insolvencies have increased in the hospitality sector more than in any other sector, according to the latest insolvency figures for England and Wales. In fact, the sector comprises 16% of all recorded company insolvencies in the same time period.
Portugal’s room stock is shifting towards the luxury segment as hotels are repositioned and new brands enter the market, according to Global Asset Solutions’s Portugal Hotel Market Outlook 2024.
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has today forecast a significant recovery of Azerbaijan’s Travel & Tourism sector, with domestic tourism playing a pivotal role.
Thanks to a boost from the annual Spanish Grand Prix, Barcelona's monthly average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Pushed by the 2024 UEFA European Football Championship, Cologne’s hotel industry recorded its highest monthly average daily rate (ADR) and revenue per available room (RevPAR) on record, according to June preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
Room Mate Hospitality & Leisure, S.L. (“Room Mate Hotels”), a leading lifestyle hotel brand and lease management company headquartered in Madrid, today announced the acquisition of Staying Valencia, a portfolio of boutique hotels and aparthotels in Valencia. This strategic acquisition marks a significant milestone in Room Mate Hotels’ expansion strategy, bolstered by the support of TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, and Westmont Hospitality (“Westmont”), which together acquired Room Mate Hotels in 2022.
Boosted by three large-scale events during the final weekend of June, Dublin hotel average daily rate (ADR) eclipsed EUR300 for just the second time this year and sixth time in history, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
The World Travel & Tourism Council (WTTC) today unveiled the remarkable growth of Travel & Tourism in France last year, with the sector’s GDP contribution surging by nearly 6% year-on-year to a record-breaking €246BN.
With one month until the start of the Summer Olympic Games, Paris hotel booking levels are nearing 80%, according to CoStar's latest Forward STAR data. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
PKF hospitality recently hosted 196+ roundtable live event in the following region: Germany.
The Set Collection proudly announces the addition of two exquisite properties solidifying its presence in Switzerland and marking a significant expansion of the Collection to encompass 20 luxurious hotels and private residences.
The World Travel & Tourism Council (WTTC) 2024 Economic Impact Research (EIR) has revealed Türkiye’s Travel & Tourism sector broke all records last year, reaching new milestones across four key metrics.
Helped by a number of events, Berlin hotels saw improved performance in May, according to preliminary data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
When tickets for the UK leg of Taylor Swift’s latest tour went on sale last July searches for Airbnbs in London, Edinburgh, Cardiff and Liverpool during the Star’s concert dates surged an average 337%1 for show nights, compared with searches for those dates the previous month, bringing a welcome boost to the UK hospitality industry.
The World Travel & Tourism Council’s (WTTC) 2024 Economic Impact Research (EIR) has revealed today that the Albanian Travel & Tourism sector contributed more to the economy and supported more jobs in 2023, than any previous year on record.