June 21, 2021

UK economy accelerates as tourism and hospitality emerge from lockdown

June 21, 2021/ hospemag.me

The UK’s economic recovery accelerated in May as tourism and recreation firms reopened, but the delay in ending Covid-19 restrictions is putting hospitality firms at risk, research shows.

Eleven out of 14 UK sectors reported faster growth in output month on month in May, up from nine in April, according to the Lloyds Bank UK Recovery Tracker, as the UK moved further out of lockdown.

The tracker found that the UK tourism and recreation sector recorded the sharpest rise in output growth as British hotels, pubs and restaurants benefited from pent-up consumer demand.

Firms took on more staff to handle rising demand. All 14 sectors reported jobs growth in May, led by manufacturing, while the tourism and recreation sector added jobs for the first time since January 2020.

Featured

Jun 21, 2021

UK economy accelerates as tourism and hospitality emerge from lockdown

Jun 21, 2021

Mar 13, 2020

Preferred Hotels & Resorts Announces 2019 I Prefer Member's Choice Award Winners

Mar 13, 2020

Mar 3, 2020

January 2020: European hoteliers on the upward slope

Mar 3, 2020

March 13, 2020

Preferred Hotels & Resorts Announces 2019 I Prefer Member's Choice Award Winners

March 13, 2020/ Editor Hospemag

About Preferred Hotels & Resorts
Preferred Hotels & Resorts is the world’s largest independent hotel brand, representing more than 750 distinctive hotels, resorts, residences, and unique hotel groups across 85 countries. Every property within the portfolio maintains the high quality standards and unparalleled service levels required by the Preferred Hotels & Resorts Integrated Quality Assurance Program.

For more information, visit PreferredHotels.com.

The world’s largest independent hotel brand representing more than 750 distinctive hotels, resorts, and residences across 85 countries – unveiled the winners of its second annual I Prefer Members’ Choice Awards. For 2019, 40 hotels in 23 countries were selected as winners across four regional categories with Discovery Shores Boracay on Boracay Island in Aklan, Philippines declared the overall winner, and other top honors given to Windsor Court Hotel in New Orleans, Louisiana; Pulitzer Amsterdam in the Netherlands; and Condado Vanderbilt Hotel in San Juan, Puerto Rico

Distinctly unique in their approach to hospitality, each of the award-winning hotels are connected by their dedication to delivering exemplary service and memorable experiences. The full list of 2019 I Prefer Members’ Choice Awards winners includes:

Top Hotels in Europe:

Pulitzer Amsterdam – Amsterdam, Netherlands
Grand Hotel Excelsior – Valletta, Malta
Old Course Hotel, Golf Resort & Spa – St Andrews, United Kingdom
The Grand, York – York, United Kingdom
Top Hotels in Asia Pacific, Middle East, and Africa:
- Discovery Shores Boracay – Boracay Island Malay, Aklan, Philippines
- Discovery Primea, Manila – Manila, Philippines
- Royal Plaza on Scotts – Singapore
- Discovery Suites Manila Philippines – Manila, Philippines
  Top Hotels in Caribbean, Central, and South America:
  - Condado Vanderbilt Hotel – San Juan, Puerto Rico
  - Half Moon – Montego Bay, Jamaica
  - Cambridge Beaches Resort & Spa – Sandys, Bermuda
  - West Bay Club – Providenciales, Turks & Caicos Island
    To celebrate the winners, Preferred Hotels & Resorts is launching a limited-time Bonus Points Promotion. This value-add incentive gifts I Prefer members with 5,000 bonus points when they book a stay at any of the 40 winning hotels by March 10, 2020 for travel through December 31, 2020
  For more information on the I Prefer Members’ Choice Awards, visit www.IPrefer.com/MembersChoice.

March 03, 2020

January 2020: European hoteliers on the upward slope

March 03, 2020/ hospemag.me

All segments are progressing. First of all, occupancy shows the best growth over the last twelve months, thanks to a +1.4-point increase in occupancy to reach an occupancy rate (OR) of 59.5% for the whole of Europe. Prices are advancing at a slower rate of +0.6%, resulting in an average daily rate (ADR) of €93.10 excluding VAT.

RevPAR rose by +3.0% to €55.40 excluding VAT, slightly above the previous month's performance, when the increase was +2.4%.

Trends in Europe in January 2020 Infogram

December 2019, The OR rose by 1.8 points, to increase its ADR by 1.1% to €135.70 excluding VAT,

RevPAR growth above the regional average: +4.2%, for a revenue per room of €82.50 excluding VAT

Four markets are achieving double-digit RevPAR growth. These are Greece (+11.8%), Austria (+16.0%), Portugal (+16.6%) and especially Hungary (+25.3%).

to Hungary for the second month in a row comes from a growth in all indicators, each beating the month's record, whether for occupancy (+6.2 pts) or ADR (+11.6%)

In Portugal, an OR pushed up by +5.0 pts to reach 57.2%, and ADR up by +6.4% for €70.90 excluding VAT and a RevPAR up by +16.6% to €40.60 excluding VAT

Austria has been a real success story over the last twelve months. Indeed, the destination is constantly growing in terms of attractiveness and attendance it scored 4.2 additional points for an OR of 62.1%. Its prices are also on the rise (+8.2%) - the second-highest increase in ADR this month - averaging €88.10 excluding VAT

Five destinations have stable revenue per available room: Spain (+3.2%), the United Kingdom (+1.8%), Luxembourg (+1.1%), Switzerland (+0.4%) and the Netherlands (+0.3%).

SOURCE : hospitality-on