Inflation and London hostel revenue

Inflation and London hostel revenue

News By Kelsey Fenerty, STR The UK experienced 2.1% inflation in April 2019, a mere tenth of a percentage point over target rate and just below the 2.2% inflation averaged over the past 12 months. As inflation rises, revenue must grow in line or in excess to maintain...
How Edinburgh is maximising revenue per available bed (RevPAB)

How Edinburgh is maximising revenue per available bed (RevPAB)

By: Kelsey Fenerty, STRFinding the precarious balance between driving occupancy and driving rate can be a hostelier’s white whale. Not infrequently, markets will drop rate to drive bed sales. Edinburgh has taken a different approach: the market has increased rate...
Selina Raises $100 Million for Its Millennial-Focused Lodging

Selina Raises $100 Million for Its Millennial-Focused Lodging

Selina has raised $100 million in fresh financing, the Tel Aviv-based blended hospitality startup said Wednesday. Access Industries led the Series C round. Grupo Wiese and existing investors Colony Latam Partners also participated. Selina runs a network of 46...
Seasonal trends and variations in London hostel performance

Seasonal trends and variations in London hostel performance

News By: Kelsey Fenerty LONDON – The accommodations sector is highly seasonal, with school breaks, holidays and weather dictating youth and family travel. London’s hostel industry is no different. But viewing performance seasonally can reveal holistic trends in the...
Abraham Hostels to Expand With $6.9 Million Investment

Abraham Hostels to Expand With $6.9 Million Investment

The company intends to use the investment to open new locations near the Dead Sea, the Israeli resort town of Eilat, and additional locations in Jerusalem Bridges Israel, an independent affiliate of London-based Bridges Fund Management Ltd., has invested NIS 25...