Edinburgh Festival Fringe’s effect on hostel performance

Edinburgh Festival Fringe’s effect on hostel performance

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...
London’s hostel performance for July is unexpectedly weak

London’s hostel performance for July is unexpectedly weak

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...
JO&JOE moves in with IKEA at Vienna West station

JO&JOE moves in with IKEA at Vienna West station

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...
STR’s comparative analysis of Berlin’s accommodation sector

STR’s comparative analysis of Berlin’s accommodation sector

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%...
Next hostel hot spot – Miami?

Next hostel hot spot – Miami?

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...
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...