Wyndham Hotels & Resorts: 8% rise in global group growth pipeline

Wyndham Hotels & Resorts reported a strong first quarter, with its global development pipeline climbing 8%. Riding on increased interest from owners, its development pipeline touched a record 243,000 rooms. There was growth in new openings, franchisee retention and net room growth across the globe for the 15th consecutive quarter.  The Parsippany, N.J.-based lodging company […]

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These were the revenues of Greek hotels in 2023 | 22.5% increase to €10.6 billion | What was the average room rate | INDICATORS

Hotel revenues amounted to €10.6 billion in 2023, up 22.5% compared to 2022, when total turnover was €8.6 billion. The increases were higher in seasonal hotels and in 4 and 5 star hotels. These data are derived from a field survey of Institute Tourism Research and Forecast, that processed by INSETEP and are included in […]

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SUMMER 2021: The European Hotel Industry on a path to recovery

European hoteliers had been hoping the pickup in vaccination rates and progressive removal of health restrictions would boost demand this summer, as it did in 2020. Wish granted: hotel activity accelerated (+68.0% in RevPAR between July 1 and August 21 compared to 2020 marks), even though it remains well below pre-COVID standards (-31.8% compared to […]

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U.S. hotel profit reached 84% of 2019 level, labor rises slightly

Gross operating profit for U.S. hotels improved to 84% of the comparable 2019 level, according to STR‘s June 2021 monthly P&L data release. Labor costs also rose from the previous month and in comparison with 2019.          Each of the key profitability metrics, on a per-available-room basis, came in higher than any month since February […]

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accor

STR: Accor, Marriott represent largest hotel presence in Central/South America

Accor accounts for the largest hotel room presence in the Central/South America region, followed by Marriott International, according to census data from STR. As part of the STR 500, the company will release a combined list of the continent’s 100 largest companies and brands during next week’s SAHIC Latin America Hotel Tourism & Investment Conference […]

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March 2016 : Sun showers cloud Europe’s brightening skies

Overall, March brought positive results for European hotels, reporting a 0.9 point gain in occupancy rate to reach 66.3%. Combined with a 1.3% increase in average daily rate, Revenue per Available Room (RevPAR) improved by 2.4%. Change in performance is more pronounced in some segments: budget hotels posted the strongest growth in RevPAR (+3.5%), followed […]

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