Guests staying at Premier Inn hotels can rest easy in the knowledge their stay is benefitting local communities following the publication of the company’s 2024 economic benefit and social impact report.
Questex today announces the rebranding of The Annual Hotel Conference to The Annual Hospitality Conference (AHC). The new brand reflects the focus on a broader spectrum of hospitality such as hotels, F&B, restaurants, pubs, co-living spaces, venues, and more. For the 21st year, the brightest of UK hospitality gather to learn, network and be inspired at the conference. The AHC takes place 30 September - 1 October 2024 at the Manchester Central Convention Complex, UK. Register here.
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.
A consumer spending revival may be on its way for the second half of 2024. Favourable economic indicators, combined with the highest consumer sentiment in three years, could fuel a more positive finish to the year for some retailers. While there’s an intention for more spending, the majority of consumers are planning cutbacks. So where will consumers prioritise spending? And how can retail and leisure operators prepare for the Golden Quarter?
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.
Radisson Hotel Group is proud to announce the addition of seven hotels, including six signings and one opening, in the Turkish market in the first half of the year. These development milestones bring the Group closer to reaching 100 hotels by 2030.
In a significant move to enhance vocational education in Greece, EHL and the Metropolitan-AKMI Educational Group are proud to announce the expansion of their successful partnership. Starting in the academic year 2024-25, students in Northern Greece, specifically in Thessaloniki, will have the opportunity to enroll in EHL's prestigious VET (Vocational Education and Training) programs.
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.
Marks debut of The Unlimited Collection brand and expansion of lyf brand with six new property signings in Europe
The NUMA Group, Europe's leading operator of a fully digitalised hospitality platform, today announces the acquisition of a lifestyle apart hotel brand Native Places (https://nativeplaces.com) from Native Holdings.
Scandic has signed a long-term lease agreement for two new Scandic Go hotels in central Gothenburg and Umeå. The hotels are expected to open in 2026 with a total of 276 rooms, and the project involves converting existing office buildings. This will bring the number of Scandic Go hotels in the company’s pipeline to five with a total of 876 rooms in Sweden and Finland.
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.
Blackstone Real Estate (“Blackstone”) announced on June 26th that funds managed by Blackstone have completed the acquisition of Village Hotels, a hotel owner, operator and developer, from affiliates of KSL Capital Partners, a leading investor in travel and leisure businesses.
Scandic has carried out a refinancing of the company’s credit facilities with a group of banks that will ensure robust, flexible and long-term financing adapted to the Group’s growth strategy and strong financial position.
The return of portfolio transactions has bolstered UK hotel investment during the first six months of 2024 with investment totalling £3 billion, up from £990 million over the same period in 2023 and far beyond last year’s full year total (£2 billion), according to Knight Frank.