RevPAR in the UK’s regional hotels dropped 2.8 per cent in the first three months of 2019, according to research from HVS London, AlixPartners and STR. The fall was in marked contrast to the fortunes of London’s hotels, which saw like-for-like RevPAR increase by 3.6 per cent against the previous year.
Speaking to Breaking Travel News at the Arabian Hotel Investment Conference in Ras al Khaimah, Robin Rossmann, managing director at hospitality analytics firm STR, gives us his opinion on the current state of the Middle Eastern market. Also on the agenda is the launch of new product AM:PM, which offers up to the minute insight into the hotel construction pipeline in the region.
The UK serviced apartment sector posted strong performance growth in 2017, according to ASAP and STR. Based on STR’s year-end performance figures, UK serviced apartments recorded an actual occupancy level of 81.7 per cent, a 0.2 per cent increase over 2016.
STR has highlighted Africa’s key hotel development and performance trends. Based on August 2017 data, Africa currently shows 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11 per cent of the continent’s existing room supply.
STR has acquired AM:PM, a hotel data and intelligence specialist. “Alan and Morag Gordon have created a real-time, online hotel supply and research tool that enables informed and efficient decision-making for the hotel industry,” said Robin Rossmann, STR international managing director.