Total European hotel transaction volume fell by 69% in the year of the pandemic following a record high the previous year when €27.1bn-worth of hotel deals were struck.
London's short-term rental industry recorded a month-over-month increase in occupancy but continued decreases in average daily rate (ADR) and revenue per available room (RevPAR), according to February 2021 data from STR.
STR's preliminary February 2021 data for London hotels shows slightly better performance compared with the previous month, albeit at low levels influenced by continued restrictions in the U.K.
Here it is folks. The true picture of the impact of C19 on our beloved industry in 2020. From a performance perspective, we have never seen such significant declines across the board, especially at GOP level, whereby half of the destinations listed generated negative GOPPARs.
Turning the page doesn't always assure a better result. After the worst performing year on record, the hotel industry was ready for 2021, but resigned to the fact that a new year doesn't mean things automatically get better.
London's short-term rental industry recorded a month-over-month increase in occupancy but declines in average daily rate (ADR) and revenue per available room (RevPAR), according to January 2021 data from STR.
According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of 2020, Europe's hotel construction pipeline increased 2% by projects and 3% by rooms year-over-year (YOY) to end the fourth quarter with 1,905 projects and 307,093 rooms, a record high project and room count for the region.
The Global Business Travel Association (GBTA) - the world's largest business travel association - held its European Town Hall today to discuss its annual BTI™ Outlook with a focus on Europe.
STR's preliminary January 2021 data for Berlin hotels showed slightly higher performance levels compared with the previous month but at overall low levels.
Restrictions to mobility have contributed to the UK suffering greater GDP losses than its European neighbours, says WTTC
Latest research shows the ongoing restrictions to travel and blanket quarantines has seen the UK suffer greater GDP losses than many of its European counterparts which have less stringent barriers in.