What staycations mean for the hotel market

Whilst the UK remains in lockdown, an emerging trend within the hotel industry has risen: staycations. As international travel remains in limbo, more and more people have been investing in going away domestically. The interest in staycations had led to a whopping 239% rise in August bookings and a 166% rise in July hotel bookings, […]

2020 European Hotel Transactions | By Shaffer Patrick

Total European hotel transaction volume reached €8.5 billion[1] in 2020, representing a fall of 69% on 2019 (see Chart 1), which was the previous market peak at €27.1 billion. Even so, 2020 figures remain significantly ahead of those seen in the Global Financial Crisis, with 2009 seeing only €3.1 billion in transaction volume. Highlights 48% […]

Motel One to push ahead with expansion plans despite £88m loss

Hotel group Motel One has revealed it is to push ahead with expansion plans despite seeing 2020 sales decrease by 63% resulting in a loss of €102m (£88m). It comes as it saw occupancy figures for the year close at 28%, down from 77% due to the impacts of the Covid-19 pandemic. The company added […]

Accor to open new 76-room Ibis Styles in Bournemouth

Accor has announced the signing of a new franchise hotel in partnership with hotel management and development company NQ2. Ibis Styles Bournemouth is set to open in June 2021 and will become the brand’s 30th hotel in the UK. The refurbished 76-room hotel will feature a ground floor bar, lounge and large restaurant. The hotel […]

Trade bodies team-up to release ‘key rules for reopening’

Hospitality trade bodies in the UK have teamed up to release some “key rules for reopening” as the sector opens up today (12 April) after lockdown. UKHospitality, the British Beer & Pub Association and the British Institute of Innkeeping issued a joint statement to mark the industry’s reopening from lockdown restrictions. Among the rules emphasised […]

Hotel Week London set to debut next month

A number of leading London properties will launch a new initiative aimed at promoting and supporting the re-opening of the finest hotels in the capital post lockdown. It is hoped the sector can significantly re-emerge from May 17th onwards. Hotel Week London will take place from May 28th until June 6th, bringing together a diverse […]

2020 by the numbers, with David Eisen from HotStats

Reviewing 2020 by the numbers around the globe, with David Eisen from HotStats. David is the Director of Hotel Intelligence and Customer Solutions at HotStats, the world’s largest monthly profit-and-loss database in the hotel industry. With uniquely intelligent benchmarking and performance software, HotStats looks far beyond REVPAR, offering an unparalleled opportunity to understand the industry […]

Motel One announces new openings

Affordable design hotel group Motel One, like all businesses in the travel industry, has been impacted by the current economic challenge posed by the COVID-19 virus. In 2020 sales decreases by 63% resulting in a loss of EUR 102 million. Occupancy figures for the year closed at 28% (previous year: 77%). Although reserves are melting […]

Rest and recharge well at EVEN Hotels during the “year of the travel reset”

According to a recently released report from the Global Wellness Summit, 2021 is expected to be year of the “travel reset” where travelers get back on the road and go “slower, nearer and more mindfully,” following the unprecedented impact of COVID-19. Additionally, the organization predicts that all travel may become wellness travel as the work […]