Total European hotel transaction volume fell by 69 per cent in the year of the pandemic following a record high the previous year when €27 billion-worth of hotel deals were struck. According to the annual European Hotel Transactions 2020, published this week by HVS and its brokerage and investment services division HVS Hodges Ward Elliott, […]
Tag Archives: recovery
21
Mar
Mar
Airbnb has signed a partnership with the Caribbean Tourism Organisation (CTO) to promote its member countries across its global community. This collaboration is designed to amplify the region’s recovery from the impacts of the Covid-19 pandemic by promoting safe, responsible travel. As part of this partnership, Airbnb is launching a marketing campaign that includes the […]
07
Mar
Mar
The European travel industry may not fully recover from the Covid-19 pandemic until 2023, according to a new report published by Bloomberg Intelligence. However, domestic-focused businesses could see some growth in the second half of this year. Pent-up holiday demand and the uneven pace of vaccinations across Europe gives some hope for recovery for UK […]
27
Feb
Feb
Passenger numbers at Gatwick fell 78 per cent in the year to December as the Covid-19 pandemic closed borders around the world. The airport remained open throughout the pandemic; however, all revenue streams were impacted, and the facility has reported a £465 million loss for the twelve-month period. Gatwick Airport, chief executive, Stewart Wingate said: […]
08
Jan
Jan
The International Air Transport Association (IATA) has announced that the slow recovery in passenger demand came to a halt in November. A moderate return had been slowing in place since the summer travel season in the northern hemisphere came to an end. Total demand (measured in revenue passenger kilometres or RPKs) was down 70 per […]
06
Nov
Nov
Figures from the International Air Transport Association have confirmed that passenger demand in September remained highly depressed. Total demand (measured in revenue passenger kilometres or RPKs) was 73 per cent below September 2019 levels. This is only a slightly improvement over the 75 per cent year-to-year decline recorded in August. Capacity was down 63 per […]
24
Oct
Oct
InterContinental Hotels Group (IHG) saw RevPAR fall by 53 per cent in the three months to the end of September as the Covid-19 pandemic continues to take a huge toll on the hospitality sector. The fall in RevPAR reflects a 30 per cent reduction in occupancy when compared to last year, with rates falling by […]
16
Oct
Oct
The World Tourism Organisation (UNWTO) has signed a deal to work alongside the Expedia Group to strengthen ties between the public and private tourism sectors. It is hoped the deal will drive a recovery from the impacts of the Covid-19 pandemic. The two parties signed a memorandum of understanding that will see them collaborate on […]
15
Oct
Oct
Mark Tanzer has argued the travel sector has an opportunity to “build back better” following an extremely challenging year. Opening the annual Travel Convention, the ABTA chief executive said sustainability must be key to the sector moving forward, but that progress would not be easy. Addressing the conference this morning, he said: “We are very […]
30
Sep
Sep
A sustained recovery in China should buoy confidence in the global hospitality market, delegates at AHIC on the Road have been told. Kenneth Macpherson, chief executive in Europe, Middle East, Asia and Africa for InterContinental Hotels Group, said a renewed sense of optimism had return to the country and that this could spread globally. “The […]
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