Unsplash

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 […]

Continue Reading
money tourism photo

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 […]

Continue Reading
photo EC

Europe fit for the Digital Age: Commission proposes new rules for digital platforms | Hotrec statement

The Commission has proposed today an ambitious reform of the digital space, a comprehensive set of new rules for all digital services, including social media, online market places, and other online platforms that operate in the European Union: the Digital Services Act and the Digital Markets Act. European values are at the heart of both […]

Continue Reading
kanava

Kanava Hotels & Resorts is launching a new project on the island of Paros

Kanava Hotels & Resorts, owned by Antonis & Kalia Eliopoulos, the holding and managing company of 5 luxury hotels in the Cyclades islands, is launching a new project on the island of Paros for the summer season 2021, that will be part of an international hotel brand. Seafront location on Agioi Anargyroi beach, with its […]

Continue Reading
Atlantica Aqua Blue

Hotel Opening for Atlantica Hotels & Resorts| Atlantica Aqua Blue

Atlantica Hotels & Resorts, is proud to announce that the four-star Atlantica Aqua Blue will now operate under the management of the largest hotel group of Cyprus and Greece. The hotel is located only a few kilometres from the national forest park of Cavo Greco in Protaras and is scheduled to open its doors in […]

Continue Reading
grande bretagne

Hotel Grande Bretagne lights up the Christmas Tree

The Hotel Grande Bretagne in Athens lighted up its glorious Christmas tree on Tuesday, December 1st, this time however without the presence of beloved friends and associates according to the safety measures.  The stunning Christmas tree stands glowing again within the overwhelming Christmas spirit of Hotel Grande Bretagne. Impressive Christmas decoration all around, glittering garlands, […]

Continue Reading
zeus Grand Hotel

Expansion of Zeus International’s activity and presence with 6 hotels in Italy

Zeus International, as part of the extroversion plan, continues its expansion in Italy with a total of 6 hotels. Since February 2018, it has taken over the management of the Hilton Garden Inn Milan Malpensa in the Malpensa area of Milan, where it was the basis for Zeus international to enter the Italian market. GRAND […]

Continue Reading
hotel group accor

Accor doubles down on lifestyle and enters into exclusive negotiations with Ennismore

Accor & Ennismore today announced they are entering into exclusive negotiations to form the world’s leading lifestyle operator in the hospitality sector, focusing on one of the fastest growing segments of the industry. Through this all-share merger, a new autonomous and fully asset light entity will bring together an unrivalled portfolio of world class brands, including […]

Continue Reading
Dreams Crete

Apple Leisure Group to manage 3 hotel in Greece owned by HIP

Apple Leisure Group ®, a leading US group in the travel segment, launches its European expansion beyond Spain by taking over the management of three hotels in Greece owned by Hotel Investment Partners (HIP), the first hotel owner in Southern Europe. With this agreement, Greece becomes the second European market for the company, which since […]

Continue Reading
Elounda Beach Hotel

World Travel Awards announces Europe 2020 winners | 8 hotels in Greece among them

World Travel Awards – the global initiative to recognize and reward excellence in travel and tourism – has announced its Europe 2020 winners to coincide with its inaugural Europe Winners Day. Winners include Portugal, which fended off stiff competition to emerge as ‘Europe’s Leading Destination’, whilst the imperial splendour of Moscow was acknowledged with awards […]

Continue Reading