Hospitality News & Views From Across the Web

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Our team regularly monitors a number of key sources for the most interesting hospitality news and opinion pieces, so you don’t have to.  Those that catch our eye are reposted here, with content added most days, so be sure to bookmark this page and check back regularly.  Alternatively, if you would like to receive a weekly digest, why not sign up to our newsletter to have it delivered to your inbox every Thursday?

Shape of the recovery

The UK government has announced a “roadmap” to reopen the economy, which will enable hospitality businesses to fully trade once more.   While welcomed, the news has been met with calls from several corners, to provide the sector with further support, to prevent further business failures over the coming months. A

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Online giants jostle for position

The online accommodation platforms are plotting their return as the post-pandemic market picks up.   Consumer relevance was assured during 2020, for those majoring on home rentals, as travellers switched from hotels to private accommodation, for the additional reassurance of the isolation offered. For Airbnb, this led to a resurgence in

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Europeans look past lockdown

Europe-based hotel groups Accor, IHG, NH and Melia all declared substantial losses for 2020, with attempts to reduce overheads running behind dramatically reduced revenues.   IHG and Accor saw a greater geographical variability, with a greater impact from parts of their portfolios in Asia and the USA. For the Spanish-based groups,

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Group bookings on the rise

Group business has disappeared for all hotels during the pandemic. So the big question is how soon, and how strongly will conferences, conventions and company group meetings return?   Many countries still have operational restrictions on group gatherings, with Australia and New Zealand the leaders in allowing the resumption of events. But for

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Market
PhocusWire

Short-term rental bookings boom in the U.K. after roadmap announcement

Following Prime Minister Boris Johnson’s announcement last week that the United Kingdom would begin easing lockdown plans – with all restrictions lifted starting June 21 – short-term rental bookings for the summer months have boomed. According to data from short-term rental software provider Guesty, reservation volume jumped 88% over reservation

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U.S. Hotel Profitability Improved Slightly In January

BROOMFIELD, Colorado – U.S. hotel gross operating profit per available room (GOPPAR) improved slightly from prior months but remained in the low single digits, according to STR’s January 2021 monthly P&L data release. In a year-over-year comparison with January 2020, the industry reported the following: GOPPAR: -95.9% to US$3.14 TRevPAR:

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News
Hotel Owner

NI Executive reveals phased lockdown exit plan

Ministers for Northern Ireland’s devolved government have announced phased plans to take the country out of its current lockdown restrictions. Yesterday (2 March), the Executive agreed on a final version of the ‘Pathway to Recovery’ strategy, which will focus on reopening key areas of the economy, such as retail and

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News
Hotel Owner

Welsh Gov grants £30m for hospitality, leisure, and tourism

The Welsh Government has announced a £30m support package for hospitality, leisure, and tourism businesses impacted by the ongoing Covid-19 measures. The funding is aimed at businesses employing ten staff or over, recognising the higher level of operating costs that they face. Ken Skates, minister for the economy, transport and

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News
Hotel Owner

Amayo properties acquires The Richmond Hotel

The Richmond Hotel, a closed hotel located in Torquay,  has been sold off a guide price of £950,000 to Amayo properties. The property comprises 48 en-suite letting bedrooms, with many of the south west facing bedrooms offering a sea view across Torbay and the English Channel. Other facilities include an

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