STR’s preliminary April 2019 data for London indicates high room rates. Based on daily data from the month, London reported the following in year-over-year comparisons: Supply: +2.3% Demand: +0.7% Occupancy: -1.6% to 81.1% Average daily rate (ADR): +1.4% to GBP143.01 Revenue per available room (RevPAR): -0.1% to GBP115.99 The absolute ADR level is the highest […]
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STR’s pipeline data for the U.S. showed 1,575 hotel projects accounting for 203,890 rooms in construction as of April 2019. This represented a 9.9% year-over-year increase in the number of rooms in the final phase of the development pipeline. After a stretch in 2018 where year-over-year construction decreases were common, the industry has now reported […]
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STR’s pipeline data for Europe showed 1,454 hotel projects accounting for 187,198 rooms in construction as of April 2019. This represented a 48.6% year-over-year increase in the number of rooms in the final phase of the development pipeline. A majority of the region’s rooms in construction are in three segments. Of those three, unaffiliated projects […]
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Quarter 1 of 2019 saw the revenues of the Fraport Group – Frankfurt Airport and other worldwide Fraport airports, rise by 17.9 per cent to 803.8 million euros. The higher revenues were factored by, higher passenger growth, ground handling services, security services, infrastructure charges, retail and parking businesses. In Fraport’s international portfolio, major contributions came, […]
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Ryanair celebrated the start of its Kalamata summer 2019 schedule, which includes 4 new routes to London Stansted, Milan Bergamo, Pisa and Sofia. Kalamata consumers and visitors can now book their holidays on as far out as March 2020, enjoying even lower fares and Ryanair’s 2019 customer care improvements, including: Lowest Fares – find a cheaper […]
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At the Arabian Travel Market (ATM) in Dubai, the Global Wellness Institute (GWI) held its third annual Wellness Symposium, presenting the latest research and trends for the Middle East-North Africa wellness tourism markets. In terms of recent growth percentages, no wellness tourism market is growing faster than MENA’s: 13.4 percent annually (from 2015–2017) to reach […]
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The online comparison and search portal, TicketLens, has published a list of the 20 most expensive attractions around the world according to admission costs. The findings aim to help diligent travellers budget their itineraries ahead of schedule. Researching and planning a holiday can be a tricky and exhausting task. From the cost of travel, accommodation, sightseeing, […]
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Big 7 Travel’s final results of the Most Instagrammable European places for 2019 are based on a combined score of Instagram data, travel expert’s votes and reader opinions. Analysed Instagram hashtags for each European country, as well as its main cities Online survey of Big 7 Media’s social audience of 1.5 million Votes cast by […]
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Europe’s hotel industry reported mostly positive results in the three key performance metrics during Q1 2019, according to data from STR. Euro constant currency, Q1 2019 vs. Q1 2018 Europe Occupancy: -0.2% to 63.7% Average daily rate (ADR): +1.6% to EUR101.28 Revenue per available room (RevPAR): +1.3% to EUR64.56 Local currency, Q1 2019 vs. Q1 […]
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The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 14-20 April 2019, according to data from STR. In comparison with the week of 15-21 April 2018, the industry recorded the following: Occupancy: -6.2% to 65.7% Average daily rate (ADR): -1.9% to US$128.79 Revenue per available room […]
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