While the pandemic is anticipated to prolong, hotels should start to draw up plans in preparation for a recovery. In the meanwhile, it is the perfect time to relook into operational strategies, cost-saving initiatives, refurbishment, marketing distribution channels, staff training and technology upgrade.
This article describes the restrictions put in place in Italy following the COVID-19 pandemic with particular attention to their possible economic impact on the tourism industry, historically characterized by the high presence of international tourism. A specific analysis is dedicated to the main four city hubs in an effort to evaluate how their different reliance on leisure international visitation might shape their recovery once the pandemic subsides.
This article attempts to assess the impact of COVID-19 on hotel occupancy levels in hotels in Athens and Thessaloniki for 2020 by developing a market simulation featuring three different scenarios, each one of them reflecting the range of potential recovery of the hotel sector.
The second-largest city in California is benefiting from record occupancy levels and new ADR peaks, despite the entrance of new supply.
This article reviews the main terms of hotel management contracts in Europe. The terms provided are broad indications only, and can vary significantly depending on element such as asset class, location, brand, operator and type of investor.
This article gives an overview of hotel investment volumes in Europe in 2016, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above €7.5 million.
This market snapshot presents current data and information on the upscale and luxury hotel and tourism industry in Florence, Italy.
This article constitutes an update on the current state of the Greek Hotel Market featuring the latest news regarding the performance of the Greek tourism industry and highlighting recent and upcoming changes in the country’s hotel supply.
This article gives an overview of hotel investment volumes in Europe in 2015, discussing trends and forecasts and providing a comprehensive list of single asset and portfolio hotel deals above €7.5 million.
In this article, we present tourism visitation trends, the most recent performance of upscale hotels and a performance forecast to 2017.