With much of Europe’s hotel sector still closed for business, the industry faces a huge challenge to rebuild consumer confidence once COVID-19 lockdown restrictions start to lift later this year. Providing hotel businesses survive financially – utilising a combination of rent and bank loan freezes, Government support, working with owners and furloughing staff – they […]
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It is with great regret at this point of time, but with even greater optimism for the future, that Lampsa Hellenic Hotels SA announces the temporary pause in operations due to the global Corona virus pandemic, of the Iconic Hotel Grande Bretagne and its sister hotel the historic King George. The Hotel Grande Bretagne, the […]
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Amid the current outbreak of coronavirus (COVID-19), STR analyzed historical data for China and found that the country’s hotel performance recovered quickly following the containment of SARS in 2003. Recovery around the current outbreak situation of 2020 could follow a similar timeline. “Significant market, economic and social changes over the past two decades render a […]
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STR’s hotel pipeline data for Europe showed 1,654 projects accounting for 210,075 rooms in construction as of the end of January 2020. This represented a 29.4% year-over-year increase in the number of rooms in the final phase of the development pipeline. A majority of the region’s rooms in construction are in three segments. Of those […]
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Europe’s hotel industry reported positive results in the three key performance metrics during November 2019, according to data from STR. Euro constant currency, November 2019 vs. November 2018 Europe Occupancy: +1.5% to 72.2% Average daily rate (ADR): +1.9% to EUR106.71 Revenue per available room (RevPAR): +3.4% to EUR77.08 Market Focus, Local currency Baku, Azerbaijan Occupancy: +21.4% […]
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Europe’s hotel industry reported positive results across the three key performance metrics during Q3 2019, according to data from STR. Euro constant currency, Q3 2019 vs. Q3 2018 Europe Occupancy: +0.6% to 79.1% Average daily rate (ADR): +1.1% to EUR121.36 Revenue per available room (RevPAR): +1.7% to EUR95.95 Local currency, Q3 2019 vs. Q3 2018 […]
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The world’s largest business platform for the destination wedding industry is all set to host its 2020 annual in Rhodes, Greece. For the next annual, the luxurious Mitsis Alila Resort & Spa located in the sunny island of Rhodes, Greece won the bid to be the official hosts for the 7th Annual Destination Wedding Planners […]
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Thomas Cook has opened its eighth Cook’s Club hotel – an 18-room city hotel in the heart of Rhodes Old Town. The boutique, urban hotel brings the Cook’s Club tropical design to the centre of Rhodes with a rooftop pool and bar that offer stunning views across the city and a suite with a panoramic […]
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Europe’s hotel industry reported positive results in the three key performance metrics during the second quarter of 2019, according to data from STR. Euro constant currency, Q2 2019 vs. Q2 2018 Europe • Occupancy: +0.7% to 75.6% • Average daily rate (ADR): +3.4% to EUR118.16 • Revenue per available room (RevPAR): +4.1% to EUR89.31 Local […]
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TUI Group is further expanding its position as the world’s leading leisure hotelier, strengthening the Group’s high-margin hotel segment. In the next few weeks, the Group is set to open more than 20 new hotels across eleven countries in Europe, Africa and Asia. Strong growth will be delivered, in particular, for the concept hotel brands […]
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