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
money tourism photo

European hostel markets report mixed 2019 results

Performance results were mixed but mostly steady across the hostel markets in Amsterdam, Berlin, Edinburgh and London, according to 2019 data from STR. London London hostels filled more than eight of every 10 beds on average, reaching 83.8% occupancy for the year—the highest among the four markets and a 2.2% increase from 2018. London also […]

Continue Reading
CoStar Group str

STR: Preliminary August data for London hotels

STR’s preliminary August 2019 data for London indicates lower occupancy but significant overall performance. Based on daily data from the month, London reported the following in year-over-year comparisons: Supply: +1.5% Demand: +1.2% Occupancy: -0.3% to 86.7% Average daily rate (ADR): +4.8% to GBP151.58 Revenue per available room (RevPAR): +4.5% to GBP131.39 The absolute RevPAR level […]

Continue Reading
ben

STR: Preliminary May data for London hotels

STR’s preliminary May 2019 data for London indicates higher room rates. Based on daily data from the month, London reported the following in year-over-year comparisons: • Supply: +1.8% • Demand: +1.2% • Occupancy: -0.6% to 82.0% • Average daily rate (ADR): +1.6% to GBP147.76 • Revenue per available room (RevPAR): +1.0% to GBP121.17 The decline […]

Continue Reading
ben

STR: Preliminary April data for London hotels

STR’s preliminary April 2019 data for London indicates high room rates. Based on daily data from the month, London reported the following in year-over-year comparisons: Supply: +2.3% Demand: +0.7% Occupancy: -1.6% to 81.1% Average daily rate (ADR): +1.4% to GBP143.01 Revenue per available room (RevPAR): -0.1% to GBP115.99 The absolute ADR level is the highest […]

Continue Reading