London and regional UK reported positive revenue-per-available-room (RevPAR) growth in 2011, according to data from STR Global. Despite its challenges throughout the year, demand grew in the majority of U.K. destinations. For 2012, STR Global forecasts a slight RevPAR increase for London and Regional UK. “Overall 2011 has been a good year for U.K. hoteliers [...]
Archive for the ‘Hotel Consultancy’ Category
US hotel investments send positive market signs
January 19th, 2012
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Hunter Realty, a leading national hotel investment advisory services firm, today announced that the firm brokered the sale of a record 54 hotels in 2011. Hunter notes that as the market continues to firm up, they expect to see a larger number of conventional hotels coming to market. During the year, the firm also completed [...]
London hotels see record occupancy levels in July
August 30th, 2011
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With one year to go until London welcomes athletes to the 2012 Olympic Games, hoteliers in the capital have been breaking records of their own this month as room occupancy levels reached an extraordinary 92.4%, according to TRI Hospitality Consulting’s latest HotStats survey of approximately 550 full-service hotels across the UK. Not only did hoteliers [...]
Market report shows London hotel profitability continuing to grow
July 28th, 2011
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June 2011 represents the 19th month of year-on-year profitability growth for London hoteliers since the collapse of Lehman Brothers triggered the current economic downturn in September 2008, according to the latest HotStats survey of approximately 550 full-service hotels across the UK by TRI Hospitality Consulting. This month hoteliers in the capital recorded a growth in [...]
Annual Hotel Profitability survey results from STR Global
July 19th, 2011
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STR Global today published its Annual Hotel Profitability survey results, now in its 13th year it contains detailed data on hotel revenues and costs showing the dynamic evolution of the sector by city, country and region. “As a strategic tool, the Annual Profitability Survey helps all stakeholders analyse markets, benchmark, budget, optimise revenues and produce [...]
UK Chain Hotels Market Review – May 2011
July 4th, 2011
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Year-on-year profitability levels at London hotels in- creased by close to 17% in May as the capital hosted an assortment of sporting, cultural and political events, according to the latest HotStats survey. Year-on-year profitability levels at London hotels in- creased by close to 17% in May as the capital hosted an assortment of sporting, cultural [...]
STR Global posts May 2011 results for European Hotels
June 24th, 2011
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The European hotel industry posted positive results in year-over-year metrics when reported in U.S. dollars, euros and British pounds for May 2011, according to data compiled by STR Global. Year-over-year, May 2011 figures for Europe (U.S. dollars, euros and British pounds): Europe % change Occupancy 71.4% +5.3% ADR (U.S. dollars) $150.73 +26.0% ADR (euros) €105.54 [...]
TRI Hospitality Consulting 2011 UK Hotel Market Forecast
June 22nd, 2011
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• Challenging market conditions in 2011 will continue to affect UK Provincial fullservice hotels leaving sales growth flat and profits down. • London sales and profit growth to be tempered in 2011 on the back of a remarkable recovery in 2010. • But London profit performance to hit pre-recession peak levels of mid-2008. • UK [...]
Hoteliers Expecting Growth Reports TRI’s Confidence Monitor
May 11th, 2011
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Hoteliers Expecting Growth Reports TRI Confidence amongst hotel general managers across the UK remains positive in 2011, according to the latest HotStats Hotel Confidence Monitor. Looking towards the next three months, managers are expecting an improvement in occupancy and room rate, with 63% either optimistic or very optimistic about their hotel’s trading performance. Confidence amongst [...]
UK chain hotels market review, February 2011
March 25th, 2011
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Despite a three percentage point decline in room occupancy, profitability levels remained stable forLondon hoteliers in February, according to the latestHotStats survey from TRI Hospitality Consulting. The 0.4% increase in Gross Operating Profit perAvailable Room (GOPPAR) to £54.30 was drivenby a 7.4% increase in Achieved Average RoomRate (ARR) to £122.60. As a result of the [...]
