The Baird/STR Hotel Stock Index fell 11.7% in February to a level of 4,296. Year to date through the first two months of 2020, the stock index dropped 18.5%. “Hotel stocks fell off a cliff at the end of the month due to mounting COVID-19 concerns domestically, and the broader stock market correction has disproportionately […]
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The ITB India organisers have announced to postpone ITB India 2020, originally scheduled to be held on 15 – 17 April at Bombay Exhibition Centre. ITB India 2021 will be held on 7 – 9 April at Bombay Exhibition Centre, Mumbai. Due to the rapid spread of the new coronavirus (COVID-19), there is much uncertainty […]
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Accor’s portfolio of brands led Europe in hotel room Net Unit Growth (NUG) in 2019, while Oyo Hotels & Homes posted the highest growth for an individual brand, according to STR. STR examined the recent growth of parent companies and brands and will launch a full European list during next week’s International Hospitality Investment Forum […]
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Founded in Rome in 1974 by a number of hotel top executives, EHMA is made up of general managers who constantly strive to improve professionalism in order to maintain, perfect and innovate services offered to customers. Currently the Association has over 400 members representing 29 European countries, 300 hotels, 85,000 rooms and 65,000 employees. EHMA’s […]
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GIATA, the Berlin based travel technology provider, is now offering hoteliers a central platform that gives them visibility on which online channels are used to sell their hotels, and which images and descriptions are being used in those channels. In addition, hotel operators can easily update their non-bookable content and see how their competitors present […]
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Europe’s hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. Europe Occupancy: +1.4% to 58.5% Average daily rate (ADR): +0.5% to EUR101.14 Revenue per available room (RevPAR): +1.8% to EUR59.18 Budapest The absolute ADR and RevPAR levels were the highest for any January in STR’s Budapest […]
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Over the last 17 years at ITB Berlin sustainable and socially responsible tourism have had a firmly established place in Hall 4.1b, underlining an environmentally friendly approach to tourism. This year more than 120 exhibitors from 34 countries are presenting their innovations and products for cultural tourism, nature tourism, socially responsible and sustainable tourism, geotourism […]
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ITB Berlin 2020 will take place between the 4th and 8th of March. The facilitator, even though is not afraid for the impact of the deadly virus to the success of the event, has already taken up some precautionary meters. Below you can read the full statement: “We are looking forward to welcoming you to […]
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Global luxury lifestyle and hospitality brand Nikki Beach opens Nikki Beach Resort & Spa Santorini under the Nikki Beach Hotels & Resorts division, the brand’s second location in Greece. Situated on Greece’s most stunning volcanic island, Nikki Beach Resort & Spa Santorini caters to discerning travelers with its collection of 62 luxe rooms and suites, […]
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Europe’s hotel industry reported positive results in the three key performance metrics during the second quarter of 2019, according to data from STR. Euro constant currency, Q2 2019 vs. Q2 2018 Europe • Occupancy: +0.7% to 75.6% • Average daily rate (ADR): +3.4% to EUR118.16 • Revenue per available room (RevPAR): +4.1% to EUR89.31 Local […]
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