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 […]
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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%, […]
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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 […]
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-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 […]
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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 […]
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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. […]
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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 […]
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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 […]
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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 […]
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On Tuesday, September 24, 2019, on the sidelines of the international conference Sibos 2019 in London, “The new era of the Greek Financial Sector” conference will take place, under the auspices of the Hellenic Bank Association and the Athens Exchange Group. The event aims to highlight the evolution of the Greek banking system and the […]
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