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...
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...