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 [...]
Archive for the ‘Hotel Market Analysis’ Category
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 – March 2011
April 26th, 2011
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Profit per room at London hotels now more than 2.5 time their Provincial cousins London hotels achieved profit levels 2.5 times higher than hotels in the Provinces during March, according to the latest HotStats survey of approximately 550 full-service hotels across the UK from TRI Hospitality Consulting. At £65.31, Gross Operating Profit per Available Room [...]
STR Global posts March 2011 results for Europe
April 26th, 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 March 2011, according to data compiled by STR Global. Year-over-year, March 2011 figures for Europe (U.S. dollars, euros and British pounds): Europe % change Occupancy 62.5% +3.7% ADR (U.S. dollars) $140.62 +10.9% ADR (euros) €99.75 [...]
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 [...]
European Hotel Group Rankings 2011
March 14th, 2011
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Following a year of restructuring forced by the global economic crisis, chain hotel supply growth in Europe stabilises. Rankings remain rather similar, with Accor the outright leader in the market and Carlson showing greatest growth. Latest figures released by MKG Hospitality reveals over 23,000 new chain hotel rooms in Europe, a growth of 1.6%. “Despite [...]
UK chain hotels market review January 2011
February 25th, 2011
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In January, whilst London hotels showed a Rooms Revenue per Available Room (RevPAR) increase of 3.3%, Gross Operating Profit per Available Room (GOPPAR) remained stable according to the January 2011 figures in the latest HotStats survey from TRI Hospitality Consulting. “After the strong bounce-back in 2010, it was almost inevitable that London hotels’ profit performance [...]
European hotel pipeline for January 2011
February 21st, 2011
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The European hotel development pipeline comprises 747 hotels totalling 124,234 rooms, according to the January STR Global Construction Pipeline Report released this week. “Among the key markets in the region, Stockholm and Istanbul have the highest share of rooms under construction compared to their total pipeline”, said Elizabeth Randall, managing director of STR Global. “The [...]
