Schools In, Parents Win
This week, as children across the country prepare to head back to school, a sense of calm will be restored across the nation for thousands of parents.
Press Releases
Poland's Rise in Popularity During the Shoulder Season
As travelers search for new, less crowded, and more affordable European destinations, Poland has emerged as a top choice. Once overshadowed by its more popular Western European neighbors, Poland is now attracting the attention of travelers during the shoulder season, a time traditionally considered less busy for tourism. This shift is driven by the growing desire for offbeat destinations that offer rich cultural experiences without the overwhelming crowds found in more famous spots.
Berlin Hotel Market Spotlight
Berlin is at the top of the list of the world's favourite destinations for city breaks, both in Germany and internationally. The hotel landscape is correspondingly lively - increasingly sustainable and with numerous modern, new and individual concepts.
After expecting a slight revival in the hotel investment market at the beginning of the year, our latest Hotel Market Spotlight for Berlin now looks at the hotel performance itself.
How have profits and revenues developed within a year (H1 2024 vs. H1 2023)? Have operating costs and expenses increased? And what proportion do wage and labour costs account for? Here are the key findings:
Spotlights
- Despite considerable cost pressure, the full-service branded hotels in Berlin recorded rising profits in the first half of 2024.
- The occupancy rate reached 71% in the first half of 2024, up from 68% in H1 2023.
- While utility costs fell by 23%, the overall operating expenses increased by 13%. Labor costs recorded the strongest growth of 10% compared to the previous year.
- Nevertheless, thanks to 4% revenue growth, the GOP (gross operating profit) per available room rose by 2%.
Christine Mayer, Partner, Valuation & Advisory Services:
'The revenue of hotels in Berlin continues to recover, underpinned by Berlin’s popularity as a tourism and business destination. It is good to see that this also translates into improved nominal profits despite the cost pressures. A good sign for hotel investors and operators.’
Access the full report here
Over 500 hotel investors and executives gather in October for HTIF 2024
Hotel & Tourism Investment Forum – HTIF 2024, the most influential hospitality conference in Bulgaria and one of the most visited in Europe will cover a broad range of topics, including sustainable hospitality investments and operations, strategic management, digitalization, revenue management, and human resources.
Insolito Marsala: The New Face of Sicilian Hospitality
In Sicily, summer is known to last longer. This year, in a city historically tied to hospitality and welcome, the atmosphere of vacation and relaxation will linger until October. The city of Marsala is ready to host the first edition of "Insolito Marsala"; a festival that weaves together wine tourism, Ho.Re.Ca 3.0, art, and technology into a single experience. From October 2nd to 6th, Marsala will transform into a stage for events, standing out in an increasingly crowded and oversaturated landscape through its unique combination of tradition and modernity, positioning itself as a national and international point of reference.
Summer Olympics drove Paris room rates to all-time highs
The Summer Olympic Games drove Paris hotel average daily rate (ADR) to an all-time high, according to data from CoStar. CoStar is a leading provider of online real estate marketplaces, information, and analytics in the property markets.
S Hotels & Resorts partners with Ascott to drive UK growth under ‘The Unlimited Collection’
S Hotels and Resorts PCL (SET: SHR), the hospitality arm of leading international development company Singha Estate PCL (SET: S) has partnered with The Ascott Limited (Ascott), the wholly owned lodging business unit of CapitaLand Investment (SGX: 9CI), to reposition SHR properties in Edinburgh and Leicester under The Unlimited Collection brand. As part of the strategic move, Mercure Edinburgh City Princes Street Hotel and The Grand Hotel Leicester will be rebranded under The Unlimited Collection, a brand that focuses on accentuating the unique cultural charms of each property. This collaboration will mark the Europe debut of The Unlimited Collection brand, which originates from Singapore.
Berlin hotel room rates jumped during an eventful July
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.
Planning approval for new 186-bedroom mixed-use hotel-led development in Central London
PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts, is pleased to announce that following the successful conclusion of a recent public inquiry it has been granted planning permission for a mixed-use hotel-led development in London’s vibrant South Bank area.
Zleep Hotels and Core Hospitality merges
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.
Radisson Collection and Gambero Rosso Unveil "A Roman Guide for Foodies" in the "Taste of Heritage" Gastronomy Series
Radisson Collection and Gambero Rosso Unveil "A Roman Guide for Foodies" in the "Taste of Heritage" Gastronomy Series Building on the success of its "Taste of Heritage" Gastronomy Series, Radisson Collection continues its journey of connecting guests with authentic local experiences. The latest edition, "A Roman Guide for Foodies," is crafted in collaboration with Gambero Rosso, Italy’s renowned wine and food experts.
IHG Hotel in the Wild Returned to Wilderness presented by Audi for a second year
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.
Whitbread publishes economic and social impact study of Premier Inn hotels
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 Rebrands The Annual Hotel Conference to The Annual Hospitality Conference, Expands Event Scope to Include a Broader Spectrum of Hospitality
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.
Performance Greek Hospitality Industry Performance Q2 2024
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.
PwC Consumer Sentiment Survey - Summer 2024
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?
Analysis: Paris Olympics travel, summer destinations
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.
UK Hospitality sector insolvencies suffers most insolvencies amidst sector struggles
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 expands its footprint in Türkiye with 7 hotels, advancing towards its goal of reaching 100 hotels by 2030
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.
EHL and Metropolitan-AKMI Educational Group Expand VET Programs to Thessaloniki
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.
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