Hostels vs Poshtels: London Hostel Performance by Tier

Hostels vs Poshtels: London Hostel Performance by Tier

News 7 November 2019 By Kelsey Fenerty LONDON – While market-level numbers are a good indicator of overall performance, individual property performance can vary widely depending on location, age and other such characteristics. One such characteristic is class, the...
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...