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| Market Report Germany |
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| When we wrote the last edition, we had no idea that global events would cause such chaos in a market which had seen unprecedented success in 2019. Needless to say the events of the last 20 months have thrown the ownership and performance of the hotel industry into sharp focus, exacerbating friction between owners and operators, putting pressure on lenders, making development debt something of a mirage and laying waste to the best laid plans of many giants in the industry. Read more |
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| Market Report Middle East |
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| The ForwardKeys team of travel experts have been closely monitoring the winds of change in the travel sector since the pandemic unleased, and up until recently, the air ticketing data was showing the Americas, especially the Caribbean, as the sole game changers when it comes to real-time travel recovery. However, Africa and the Middle East are also proving to be much more resilient. Read more |
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| Market Report Dubai |
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| As to be expected with the boost in hotel demand, Dubai’s ADR and RevPAR during the early Expo months have been significantly higher than comparable periods in previous years. Add in the recent Cricket World Cup to the equation, and Dubai’s ADR has reached as high as AED981 on 29 October, which was a level most comparable with a typical New Year’s Eve in the market. Read more |
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| Market Report U.S. |
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| Occupancy: 59.7% (-2.1%) - Average daily rate (ADR): US$126.66 (+1.7%) - Revenue per available room (RevPAR): US$75.60 (-0.4%) Read more |
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| Vizergy Marketing System |
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| The Global Distribution System (GDS) is an unknown to many people but using this channel can be very beneficial to your hotel’s bottom line. Simply by optimizing your GDS gives Travel Agents what they need to better recommend your property to potential guests. Read more |
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| Hotel Transaction Manhattan |
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| Marcus & Millichap (NYSE: MMI) announced the sale of Martinique New York on Broadway, a 531-room landmark hotel on the corner of 32nd Street and Broadway in Manhattan. The asset was purchased for $55.5 million with an approximated total development cost of $110 million. Read more |
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| Hotel Opening Dubai |
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| Situated on Al Jaddaf Waterfront, Dubai, the hotel features a total of 138 Superior and Premium rooms. The roof terrace will feature a pool complex complete with an AquaLounge and a dedicated children’s pool area. Read more |
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| Hotel Opening Russia |
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| Radisson Hotel Gorizont Rostov-on-Don is located close to the historic city center and offers easy access to the main sights of Rostov-on-Don: Bolshaya Sadovaya Street, Chernova Mansion, Paramonov warehouses, the Regional Museum of Fine Arts and Gorky Central Park. Read more |
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