Hotstats

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Operations

HotStats: Hotels report profit upgrades as travel resumes

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According to the latest numbers from HotStats, global hotel performance is improving, but is a “ways away” from prepandemic numbers.

The Latest

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    Hotel Performance
    The hotel sector is likely to look leaner in the future, as cost-cutting lessons learned in the pandemic stick, according to HotStats.
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    Transactions
    The UK and Ireland were expected to lead distress-driven transactions this year, according to Whitebridge Hospitality.
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    Performance
    Hotels in the Middle East stayed afloat in November, with the region recording its highest revpar and trevpar since the pandemic debilitated the region, at $55.11 and $97.49, respectively.
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    Performance
    Europe reported a more than five-percentage-point drop in occupancy in October over the previous year, according to HotStats.
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    Video - AHC
    Michael Grove joined us after his presentation at The AHC Reimagined to tell us about what it was like being back at an event, reconnecting and networking with peers in the industry.  He highlights the importance of knowing your product and customer and using both your experience and the right data to get through the other side of this crisis  As Managing Director at HotStats, Michael presented the session "Mining the Data: Measuring Profitability". He took us though a realistic analysis of hotel performance in the UK and a look to the future. If you missed this you can watch it on demand now. 
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    AHC
    The hotel sector remains attractive to hotel investors, attendees of The AHC Reimagined heard this week.