Baird/STR Hotel Stock Index falls 5.3% in June

The Baird/STR Hotel Stock Index fell 5.3% in June to a level of 3,060. Year to date through the first six months of 2020, the stock index was down 41.9%.  “Hotel stocks were volatile in June as the broader reopening trade continued into the early part of the month; the Hotel Brand and Hotel REIT Sub-Indices were […]

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Baird/STR Hotel Stock Index fell 11.7% in February

The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]

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SUMMER 2021: The European Hotel Industry on a path to recovery

European hoteliers had been hoping the pickup in vaccination rates and progressive removal of health restrictions would boost demand this summer, as it did in 2020. Wish granted: hotel activity accelerated (+68.0% in RevPAR between July 1 and August 21 compared to 2020 marks), even though it remains well below pre-COVID standards (-31.8% compared to […]

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STR: Europe set for record number of new hotel rooms

The number of hotel openings in Europe is expected to hit an all-time high in 2021, with more than 100,000 new rooms estimated for the year, according to STR data and analysis that will be presented at this week’s International Hospitality Investment Forum (IHIF) in Berlin. More than 50,000 rooms have opened thus far in […]

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STR: U.K. leading Europe in hotel occupancy recovery

The U.K. continues to lead Europe in hotel occupancy with four straight weeks above 60% in the metric, according to STR data through 18 July. “Demand is almost exclusively leisure-driven as the U.K. has benefitted from a successful vaccination program, a phased reopening and improved travel sentiment overall,” said Thomas Emanuel, STR’s Director. “Other countries […]

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Wyndham Athens Residence

Wyndham and Smy Hotels enter strategic partnership to develop 20 hotels in Europe

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with over 8,900 hotels across nearly 95 countries, and Smy Hotels – a fast growing hotel group and operator headquartered in Spain – today announced a new non-exclusive agreement to develop 20 new hotels across key destinations in Spain, Portugal and Italy over the next […]

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Hotelbeds signs strategic agreement with global leading hospitality chain, Banyan Tree Group

Hotelbeds,  the world’s leading bedbank, has today announced a strategic partnership with Banyan Tree Group, one of the world’s leading independent, multi-branded hospitality groups. With this agreement, Hotelbeds has secured exclusive offers and privileges for its customers at Banyan Tree Group’s 48 hotels across 22 countries. Banyan Tree Group operates five award-winning brands: Banyan Tree […]

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WTTC warns new hotel quarantine measures would ‘destroy the Travel & Tourism sector as we know it’

The World Travel & Tourism Council (WTTC) says the introduction of new hotel quarantines by the UK government would force the complete collapse of Travel & Tourism as we know it. WTTC, which represents the global Travel & Tourism private sector, fears the crippling impact of the new proposals being considered by the UK government […]

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STR: U.S. hotel profitability worsened in November

U.S. hotel profitability fell back to levels seen during earlier months of the pandemic, and year-over-year declines worsened from the previous month, according to STR ‘s November monthly P&L data release. In a year-over-year comparison with November 2019, the industry reported the following: GOPPAR: -97.5% to US$2.13 TRevPAR: -73.5% to US$60.92 EBITDA PAR: -120.2% to […]

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STR: Europe hotel performance for November 2020

Reflecting the impact of a second lockdown, Europe’s hotel industry reported much lower performance levels from the prior month, according to November 2020 data from STR. Euro constant currency, November 2020 (percentage change from October 2019) Occupancy: 21.3% (-70.4%) Average daily rate (ADR): EUR72.42 (-32.3%) Revenue per available room (RevPAR): EUR14.42 (-81.2%) Amid continued COVID-19 […]

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