Markets & Performance Europe Reports - Hospitality Net

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November 10, 2016

Hotel Bulletin Q3 2016

The Q3 2016 Hotel Bulletin analyses the first full quarter of data following the EU referendum in June. Very early trends suggest that a divide could be emerging between leisure and corporate focused markets. Cities with larger tourist industries recorded strong RevPAR growth as international visitors flocked to benefit from a weaker Pound, whereas cities outside this group continued recent trends of plateauing or declining RevPAR. This quarter's Focus examines he independently branded hotel market, where a number of groups have created unique customer propositions and enjoyed significant success.

By Russell Kett, Chairman at HVS - London Office, HVS

October 18, 2016

In Focus: Greece

In December 2008, we put together an article titled "The Changing Face of the Greek Hospitality Market" outlining the situation in the Greek hotel market at that time. Nearly eight years later, and after a volatile period inside and outside the country, we think it is appropriate to update our findings since we all live in "a completely different world" which has been profoundly transformed in terms of the sense of general prosperity prevailing in the Western economies since the mid-2000s. Thus, we wonder: "Has the Greek Hospitality Market Even Changed?"

By Nana Boussia, Themis Trakas, and Pavlos Papadimitriou

October 4, 2016

In Focus: Patras, Greece

Patras is the regional capital of Western Greece and the country's third largest city. It is located 215 kilometers west of Athens, within Achaia Prefecture, while the port of the city serves as the main gateway to Greece from Western Europe. Τhe urban complex of the city is the third most populous in Greece after the ones of Athens and Thessaloniki and it constitutes one of the largest financial, commercial, and cultural center of the Peloponnese Peninsula and Western Greece. The city hosts the University of Patras which is one of the country's most prominent public universities and the University Regional General Hospital which is affiliated with the University of Patras and has earned a reputation as a well-respected medical center.

By Nana Boussia and Pavlos Papadimitriou

September 26, 2016

In Focus: Zurich

Zürich remains an important finacial centre; however, the global finanical crisis took its toll and the corporate market, especially, has become much more price-sensitive, affecting hotel rates and meeting and events revenue. Unpegging the Swiss franc from the euro in January 2015 made the country instantly more expensive, which not only had repercussions on the tourism industry but also the competitiveness of its export economy.

By Nicole Perreten, Consulting & Valuation Analyst, HVS

Zurich, Switzerland

September 21, 2016

August 2016: bleak outlook for French hoteliers | hospitality-on.com

This August 2016 once again offers bleak results marked by a more generalized down trend. Unlike the previous months, no category was spared and the trend may be observed in the different regions as well as in Paris and the Ile de France. The impact of the attacks last July 14 in Nice was unfortunately quick to take effect: the strong drops in Paris, the Île de France and PACA regions all pulled the national result down into the red, even if certain regions, particularly shorelines, showed slight growth.

hospitality-on.com

February 5, 2015

HVS In Focus: Rome - Why the eternal city could become the next hotspot for luxury hotels

'Why should luxury travellers pay less for a hotel in Rome than in London, Paris or New York? We have the same guests here...,' a General Manager of a luxury hotel in Rome asked me recently during an interview. His remark poses an interesting question: why are luxury hotels in Rome not able to charge similar rates as those in London or Paris, when they supposedly attract a similar clientele?

By Christof Bertschi and Sophie Perret

February 27, 2013

2013 Europe Outlook for the hotel industry in key European markets - Horwath HTL

According to HORWATH HTL, 2013 will be a year when most European hotel markets finally emerge from the doldrums they have been in for the past 4 years. That’s not to say the situation will be rosy – far from it. But the indicators are looking better than they have for quite some time. To get an idea of the outlook in the key markets across the continent, The Hotel Yearbook asked 13 different offices of Horwath’s international network to contribute their professional assessment of where we are and where we are going.

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Hospitality Net

March 13, 2012

French Hotel Industry Performances - January 2012

2012 marks the transitional period between the new and old hotel norms. To avoid any misinterpretation, we have chosen to segment our statistics by positioning, rather than category. We have divided the market into five groups: Luxury, Upscale, Midscale, Budget and Super Budget. The characteristics of each group are presented on page 13 of this document. The economic slowdown apparent at the end of 2011 was confirmed at the start of the new year. Luxury hotels in Paris and on the Côte d'Azur were the only ones to experience RevPAR growth. A number of cities did manage to limit the damage, although for the most part, performances stagnated. Moreover, double-digit RevPAR drops were even recorded in some towns.

In Extenso Avocats

July 28, 2011

Q2 2011 Greek Hospitality Industry Performance

This article provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. The hotel performance data is complemented by data from other sources so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, the outlook of the industry, as seen by hoteliers themselves, is given.

February 7, 2011

French Hotel Industry Performances | December 2010

2010 ended with improved rooms revenue indicators. Four star hotels took the lead, recording growth of 8.3%. Although this does not make up for the losses recorded last year, it could mark the beginning of an upswing. Compared with 2009, the 3 star category recorded significantly improved performances. This is even better news considering the midscale segment was one of the hardest hit last year. Despite these good results, budget and 2 star hotel year-end performances still remain rather fragile.

In Extenso Avocats

January 28, 2011

UK Chain Hotels Market Review - December 2010

The full year 2010 shows strong profit growth in London but stagnation in the provinces. London hotels showed a double-digit increase in profits, according to the 2010 figures in the latest HotStats survey from TRI Hospitality Consulting. The performance in the provinces, however, was less robust with Gross Operating Profit per Available Room (GOPPAR) dropping by 1.4%. This compares to the 13.9% rise in London.

January 3, 2011

Deloitte - French Hotel Industry Performances (November 2010)

Once October’s strikes were over and done with, trading picked up in November. However, in regional France, growth rates remained moderate, considering the sharp drops already recorded last year over the same period. As in October, 2 star hotels recorded mixed results. The Côte d’Azur market saw occupancy drop, whilst Paris stagnated. Budget hotels performed better than in October when all indicators were down. Regional budget hotels posted rooms revenue growth of 1.5% in the south-west and 3.4% in the south-east.

In Extenso Avocats

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December 23, 2010

UK Chain Hotels Market Review November 2010

12 months after London hoteliers recorded a dramatic return to profitability growth the capital continues to thrive, according to the latest Hot-Stats survey from TRI Hospitality Consulting.

November 25, 2010

UK Chain Hotels Market Review - October 2010

Despite a 1.6% increase in Revenue per Available Room (RevPAR) to £51.60 from £50.77, the unique insight from TRI’s HotStats survey revealed that Gross Operating Profit per Available Room (GOPPAR) actually fell back by 4.1% for Provincial hoteliers during October to £32.89 from £34.31. This is the greatest margin of decline since the 18.9% drop at the beginning of the year.

November 24, 2010

Europe: London hotels lead the recovery with double-digit RevPAR growth in 2010, says HVS report

London hotels have experienced such strong trading in 2010 that the city is now one of Europe’s strongest performers in the race for recovery, according to a new report from hotel consultancy HVS London.

London, United Kingdom

November 15, 2010

UK Chain Hotels Market Forecast 2010-11 | TRI Hospitality

TrevPAR and GOPPAR will slightly decline. • Tough market conditions in 2011 will constrain growth in UK Provincial hotels. • London market forecast to go from strength-to strength, with increases in RevPAR, TRevPAR and GOPPAR performance. • Both sets of forecasts derived from TRI Hospitality Consulting’s unique HotStats database which tracks monthly hotel revenue, cost and profit performance.

October 27, 2010

Q3 2010 Greek Hospitality Industry Performance

This newsletter provides a snapshot of the evolution of the performance of Greek hotels, based on a sample of approximately 180 hotels & resorts in Greece. The hotel performance data is compared with data regarding international arrivals in Greece as well as international hotel data, so as to place the Greek hospitality industry in the context of Greek tourism and of the International Hospitality Industry. Finally, a topic of special importance to the hospitality industry will be presented each time.

October 1, 2010

London’s RevPAR is defying gravity

While the rest of the world’s hotels have struggled to rebound from the global economic downturn, London hotels have defied expectations as rates and occupancies continue to grow. July 2010 marked the highest achieved revenue per available room (RevPAR) reported during the past 11 years in London.

London, United Kingdom

September 21, 2010

London back on the podium as hotels smash occupancy records

Improving economic conditions, the return of the business traveller and international demand should lift the London rate seven per cent for 2010, with the average room rate (ARR) for the Capital reaching £124 (up from £116 in 2009). This should boost a 2010 RevPAR gain of almost nine per cent.

London, United Kingdom

September 16, 2010

Istanbul posts strong ADR growth

Istanbul’s designation as one of Europe’s Capitals of Culture during 2010 has given an additional promotional boost to the city’s remarkably strong hotel market where several new properties are opening soon. Data from STR Global, the leading provider of market information to the world’s hotel industry, shows growth in average daily rate (ADR) during the past five years has trended upwards and maintained resilience even during the recent economic crisis.

Istanbul, Turkey