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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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 […]
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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 […]
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After Greece’s award at ITB Berlin as a top leisure destination and the Tourism Minister, Elena Kountoura, as the world’s best Tourism Minister, Greece has emerged as the world’s best cruise destination in the world-renowned Wave Awards for International Maritime Tourism »-« Best Destination (Port or Country)». The Wave Awards are awarded each year at […]
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The beauty and wellness industry’s very finest were recognised this week at the World Spa & Wellness Awards 2019, which took place at a black-tie gala dinner at The Brewery, London on Sunday, February 24. Launched in 2012 to recognise and reward the outstanding work carried out by spas across the globe, the World Spa […]
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STR’s preliminary September 2016 data for London, England, indicates significant average daily rate. Based on daily data from September, London reported the following in year-over-year comparisons: increases in supply (+2.6%) and demand (+1.6%); a 1.0% decrease in occupancy to 88.3%; a 0.7% increase in average daily rate (ADR) to GBP164.76; and a 0.2% decrease in […]
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The European hotel industry recorded positive April 2016 results in the three key performance metrics when reported in euro constant currency, according to data from STR. Compared with April 2015, Europe reported a 3.5% increase in occupancy to 71.4%, a 3.8% rise in average daily rate to EUR109.54 and a 7.4% lift in revenue per […]
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