travel_agency

The end has come for the well-known London agency ATOL

Α travel agency based in north-west London has been struck off the Companies Register and dissolved. Trivoyage Travel, which was licensed under a franchise arrangement with Protected Trust Services, was struck off on 7 February and dissolved on 13 February. The Civil Aviation Authority said Wembley-based Trivoyage Travel Ltd ceased trading as an ATOL holder […]

Continue Reading
money tourism photo ETC

Heathrow warns of planned travel price increases

-Heathrow Airport made big profits despite the onset of Covid and this was contributed by the delay in the delivery of sustainable aviation fuel, which resulted in an increase in prices and tickets according to Travel Gossip. London’s Heathrow Airport made a pre-tax profit last year of £38 million. It was the first time the […]

Continue Reading

STR: London hotel RevPAR highest since October 2022

London’s hotel industry reported its highest revenue per available room (RevPAR) since October 2022, according to preliminary May 2023 data from STR. May 2023 (year-over-year % change) Occupancy: 80.5% (+3.5%) Average daily rate (ADR): GBP204.52 (+18.9%) Revenue per available room (RevPAR): GBP164.54 (+23.1%) May was the first month this year with the market’s ADR above GBP200. […]

Continue Reading
money tourism photo

Europe’s key hotel markets showed improved profitability in February

Europe’s key hotel markets reported month-over-month improvement in gross operating profit per available room (GOPPAR), according to STR‘s February 2023 P&L data release.  London’s February GOPPAR reached US$65.55, which was 83% of the pre-pandemic comparable. In January, the market reported GOPPAR at US$42.06, which was 65% of the 2019 level. Amsterdam followed with a GOPPAR of […]

Continue Reading

STR: London hotel performance remained steady in December

London hotel average daily rate (ADR) and revenue per available room (RevPAR) came in higher than the 2019 comparable for an eighth consecutive month, according to preliminary December 2022 data from STR.   Occupancy: 76.8% Average daily rate (ADR): GBP206.87 Revenue per available room (RevPAR): GBP158.89 London’s ADR and RevPAR levels were up 31.0% and 25.1%, […]

Continue Reading

Europe’s key hotel markets show improved profitability but remain well below pre-pandemic levels

The hotel industries in Amsterdam, Berlin, London, Moscow and Paris each reported improved profitability, but all remained well below pre-pandemic levels, according to STR‘s August 2021 monthly P&L data release. Building on its launch in the U.S., STR now features monthly P&L data reporting in Europe, the Middle East, Asia Pacific, and the Americas (excluding […]

Continue Reading
money_tourism_photo

UK risks missing out on multi-billion-pound economic boost unless the green list is extended on June 7th

-New CEBR research reveals that business and leisure passengers through Heathrow alone account for over £16 billion spent across the UK. -US travellers provide the biggest boost, accounting for £3.74bn, or nearly a quarter of total spend, demonstrating the importance of restoring vital transatlantic routes. -Research reveals prize to the UK as total visitor expenditure […]

Continue Reading

WTM London and Travel Forward ramp up physical and digital activities ahead of ‘recover, rebuild and accelerate’ phase

WTM London and Travel Forward are adding new products to their portfolio, designed to support the flagship three-day events taking place this November at ExCeL London, as the travel industry starts to emerge from the pandemic and prepares to “recover, rebuild and accelerate”. Early this June, WTM London and event venue partner ExCeL London confirmed that the world’s […]

Continue Reading

STR: Preliminary June data for London hotels

STR’s  preliminary data for London hotels showed record performance lows.   Comparison with June 2019: Occupancy: -74.4% to 23.0% Average daily rate (ADR): -59.2% to GBP72.48 Revenue per available room (RevPAR): -89.6% to GBP16.64 The absolute levels in each of the three metrics would be the lowest for any month on record in STR’s London database. […]

Continue Reading

STR: Preliminary April data for London hotels

Reflecting the continued impact of the COVID-19 pandemic, April was London’s worst hotel performance month on record, according to preliminary data from STR.  Comparison with April 2019: Occupancy: -73.0% to 21.9% Average daily rate (ADR): -38.9% to GBP87.18 Revenue per available room (RevPAR): -83.5% to GBP19.11 The absolute occupancy and RevPAR levels are the lowest […]

Continue Reading