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...
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...