News By Kelsey Fenerty, STR EDINBURGH – For three weeks every August, performers and arts lovers descend on Edinburgh to take part in the open-access Edinburgh Festival Fringe. In 2019 the festival saw more than three million tickets sold, with approximately 70% of...
News By Kelsey Fenerty, STR LONDON—With the release of July 2019 performance data, London hosteliers may be in for a surprise. July, which historically is one of the highest-demand months each year, experienced losses in occupancy, average daily rate (ADR), and...
News TWO INNOVATIVE CONCEPTS UNITED IN ONE PROJECT: ON THE TWO UPPER FLOORS OF THE PLANNED CITY IKEA, NEAR THE WESTBAHNHOF TRAIN STATION IN VIENNA, A JO&JOE OPEN HOUSE ARISES.PART OF THE ACCOR GROUP, THE JO&JOE BRAND COMBINES HOSTEL AND TRADITIONAL HOTEL...
News By Kelsey Fenerty Germany is the birthplace of hostels, so it should be no surprise that its capitol city, Berlin, is a haven for backpackers, with roughly 100 hostels and some of the best-known. Economy and midscale hotels provide competition, accounting for 44%...
News By Kelsey Fenerty, STR MIAMI – Despite the hostel industry’s ongoing evolution toward more stylish and sophisticated offerings that appeal to travelers of every ilk, the youth traveler – whether backpacker or gap year student – remains an important demand-driver...
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...
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