Business travel: To zoom or resume?

With summer ending and the much-needed leisure travel surge waning, much of the industry’s attention and focus shifts to business travel. For true recovery to occur, the travel and hospitality industry needs to see business travel return to pre-pandemic levels. Unfortunately, the prospects for such a return do not appear good at the moment. The […]

Pulse Report: Recovery Continues For The Hotel Industry Globally

The latest edition of the Pulse Report, which tracks data for August 2021, shows that confidence in travel is starting to return across most regions, with pick-up, web traffic, and pace showing significant increases over the last few months. Pick Up It seems that recovery is underway for hotels in APAC at last with an […]

Preliminary August data for London hotels

STR‘s preliminary August 2021 data showed London with its highest hotel performance levels since the start of the pandemic. Occupancy: 56.8% Average daily rate (ADR): GBP112.58 Revenue per available room (RevPAR): GBP63.97 The absolute occupancy and RevPAR levels were the highest in the market since February 2020, while the ADR level was the highest since […]

The impact of vaccination rates on a hotel’s business recovery

The hotel sector has been forced to adapt to unprecedented market disruption over the last 18 months as a result of the global pandemic. And while anyone who says they can accurately predict when operating conditions will return to normal should be listened to with a high degree of scepticism, it is understood that vaccination […]

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 […]

How have Europe’s hotels fared during the pandemic?

In August 2021, Tranio joined forces with the International Hotel Investment Forum (IHIF) to conduct a joint survey on the impact the global COVID-19 pandemic has had on the hospitality sector since March 2020, and to zero in on what we can expect from the market going forward. The survey presented upwards of 160 industry […]

V for victory or going to L

The hotel industry is divided on the type of recovery it is set to enjoy: a sharp V-shape or a struggling L-shape.  The split was encapsulated at the International Hospitality Investment Forum in Berlin last week by two CEOs. Hilton’s Chris Nassetta believes we are heading for a golden age of travel while Accor’s Sebastien Bazin fears […]

Summer sizzles but will autumn drizzle?

European hotel groups have seen rapidly improving business in the last couple of months, as summer leisure business has recovered across markets where international travel has remained problematic.   Irish group Dalata reported first half figures showing a cash outflow of EUR24m over six months, with adjusted ebitda of EUR1.4m for the period. But the figures have been […]

UK hotel occupancy climbs to 65%, study finds

UK hotel occupancy rates have climbed for the third consecutive month to 65% in July, showing an improving picture as restrictions lifted and the sector started to reopen following the third lockdown, according to RSM’s Hotel Tracker. The data, compiled and produced by STR and analysed by RSM, shows the average occupancy rate has risen […]