Markets & Performance Europe Reports - Hospitality Net

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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

September 3, 2010

French Industry Performances (July 2010) | Deloitte Reports

In July, hotels in Paris, regional France and the Côte d’Azur demonstrated similar RevPAR tendencies: an increase of over 10% for 4 star hotels, a more modest progression for 3 star hotels and a stagnation for 2 star hotels. More luxurious establishments benefited from the return of overseas guests, whilst budget, 1 and 2 star hotels were more heavily influenced by the behavior of the domestic market – increasingly watchful of accommodation expenses, with alternative lodging solutions often being favored.

In Extenso Avocats

August 5, 2010

PwC UK hotels update: Two-track recovery continues: provinces may need a jump-start

At just past the 2010 half-way stage, against continued economic uncertainty and looming public spending cuts, we take a look at whether the recovery is still on track or likely to be de-railed; the first-half reality for the UK hotel sector and the prognosis for demand in the second half of the year. We also summarise the latest economic data and re-visit what the scale of the new public sector cuts mean for hotels – there’s a lot to lose with public sector travel procurement estimated to be worth around £3bn.

August 2, 2010

French Hotel Industry Statistics June 2010 | French hotel industry on the road to recovery

The month of June confirmed the increasingly positive trend. All categories experienced significant growth in RevPAR, although as in previous months, this was more pronounced for 3 and 4 star hotels. Recovery was evident in all main hotel zones. The Côte d’Azur – an area that has been particularly affected – recorded excellent performances in June. Business tourism also picked up, even though significant changes in this market have been identified. These changes include refocusing on France, a drop in the number of motivational seminars, increased use of low cost transport and so on.

In Extenso Avocats

The next-gen metrics that move hotel P&L

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July 29, 2010

Q2 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.

July 27, 2010

HotStats UK Chain Hotels Market Review – June 2010

A year-on-year increase in Revenue per Available Room (RevPAR) of 15.8% in the month of June has led to a 14.9% increase in Gross Operating Profit per Available Room (GOPPAR) at London hotels. The strong RevPAR growth in London was led by an exceptional increase in achieved average room rate of 11.2%, to £131.23.

July 9, 2010

London: Ash Cloud aftermath | STR Reports

The lingering memory for travellers caught up in the airport closures earlier this spring because of the eruption of the Icelandic volcano, Eyjafjallajokull, will be of days wasted at airports or meetings and holidays cancelled. For hoteliers in London and the city’s two major airports, Heathrow and Gatwick, the closures had no significant effect on the long-term trend toward growth in revenue per available room (RevPAR), according to data from STR Global, the leading provider of market information to the global hotel industry. See the trend lines in the graph below.

London, United Kingdom

June 3, 2010

French Hotel Industry Performances - April 2010 | A cloud hangs over recovery

Last month’s warning unfortunately became reality: April did not mark the end of the recession and March’s sunny spell didn’t last long. Rooms revenue stagnated in the 3 and 4 star sectors and deteriorated somewhat in the 2 star category. These results were all the more disappointing when considered against 2009 – a year where RevPAR dropped sharply. The budget sector (0 and 1 star) continued to stand out from the crowd, with an overall growth in activity. Only those hotels located in Ile-de-France experienced a decline in occupancy (-3%).

In Extenso Avocats

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May 31, 2010

Q1 2010 Greek Hospitality Industry Performance

This newsletter provides a snapshot of the performance of Greek hotels based on a sample of more than 180 hotels & resorts in Greece. This data is complemented by data from other sources so as to place the Greek hospitality industry in the perspective of Greek tourism and of the International Hospitality Industry. Finally, a topic of special importance to the hospitality industry will be presented each time.

May 27, 2010

UK Chain Hotels Market Review - April 2010 | TRI Hospitality

Following five months of consecutive year-on-year profitability growth, international travel disruption caused by the Eyjafjallajoekull volcano ended London’s near perfect 2010 performance, according to the latest HotStats survey from TRI Hospitality Consulting. The 2.5% decline in Gross Operating Profit per Available Room (GOPPAR) was primarily led by a decline in Revenue per Available Room (RevPAR) in the capital for the first time since October 2009.

April 6, 2010

France Hotel industry perfomances February 2010 | The slump continues for 2 star hotels!

In regional 2 star hotels, although average rates remained constant the category was heavily impacted by a drop in demand. A number of large cities saw 2 star hotel occupancy decline by over 10% in February. In Ile-de-France, the positive results recorded in Paris were not necessarily experienced elsewhere in the region, since most departments saw occupancy and ARR fall. Declines ranged from 5% in Essonne to over 30% in Seine-Saint-Denis.

In Extenso Avocats

April 5, 2010

Double-digit 2010 RevPAR growth for London | Deloitte Reports

Hoteliers in London could see double-digit revenue per available room (RevPAR) growth this year, according to the latest Hotel Market Outlook, a quarterly report issued by Deloitte.

Deloitte Development LLP

London, United Kingdom

March 2, 2010

French Hotel Industry Performances January 2010 | Deloitte

There was no miracle for the French hotel industry at the beginning of 2010 and the certain markets continued to suffer. Market drops were significant, since data were compared against January 2009 – a month already affected by the downturn. The crisis did not even spare the budget sector in January (a sector that has to date performed in spite of the slump): whilst average rates remained acceptable, occupancy dropped, resulting in RevPAR declines of 2% in the North-East and South-East and up to 6% in the South-West.

In Extenso Avocats

February 8, 2010

TRI Hospitality Consulting -2010 & 2011 UK Hotel Market Forecasts

“Our research indicates that there is a close relationship between movements in rooms revenue performance and total revenue performance for both UK provincial and London hotels. However, our analysis also indicates that London hoteliers have the ability to adjust fixed costs more quickly in response to changes in revenue performance, whereas provincial hotels have been less able to mitigate falls in revenue with cost reduction” said Jonathan Langston, managing director, TRI Hospitality Consulting.

February 4, 2010

UK Confidence takes a knock at the beginning of 2010, but remains positive

Confidence amongst hotel general managers suffered a slight setback in Q1 2010 as the new year produced a mixed outlook across the UK. Our Q1 2010 Confidence Monitor results revealed a small increase in the proportion of negative respondents at the expense of positive respondents compared with Q4 2009, with a 3.5% increase in the number of general managers surveyed who were not certain about what the next three months would bring.

February 2, 2010

French Hotel Industry Performances for December 2009 | Deloitte

It comes as no surprise that 2009 was a very bad year for the French hotel industry – even worse than 2003. As is the case during any economic crisis, 4 star hotels were the most severely impacted, business volatility being particularly pronounced in this market; the market does well during growth periods but suffers to a greater extent during economic downturns. Conversely, the decline in occupancy observed in the 0 to 2 star sectors was softened (or even offset in the budget sector) by a rise in average rates.

In Extenso Avocats

January 18, 2010

Airport Hotels see bright side of freeze

The recent freeze across the U.K. brought with it contrasting fortunes for hotel operators. Daily data from STR Global, the leading provider of market data to the world’s hotel industry, showed recent adverse weather and road conditions reduced people’s desire to travel locally. Guests were forced either to cancel their plans to travel or to stay in hotels as airports were closed.