GBR Consulting Reports Greek Hospitality Industry Performance 3rd Quarter 2019 (PDF Download)

The resort hotels showed a strong performance during Q3 2019. Total Sales per Available Room increased by 8.1% during Q3 leading to a YTD Q3 performance of 6.8% y-o-y. The 5-star resorts showed the highest improvement of RevPAR with 8.7% y-o-y, followed by the 3-star resorts of 6.3% y-o-y, while the 4-star resorts remained flat with 0.5% y-o-y YTD Q3.

Horwath Market Report: Madrid, Spain – By Philip Bacon

Madrid is more than ever capturing the interest of international hotel investors. The hotel supply pipeline – including many international Upper Upscale and Luxury hotel brands – will significantly change the city’s landscape and tourism appeal. For some hotel groups, these projects will be their first hotel in Spain’s capital city, a presence that is clearly of great importance in one of the largest cities in Europe. The capital’s hotel market is in good shape and it looks like there will be room for further improvement.

U.S. Hotel Industry Resilient, GOPPAR Up in September

The third quarter ended on a high note for U.S. hotels, as September profit per room climbed year-over-year, indication that the current cycle still has teeth. GOPPAR in the month was up 1.9% over the same time last year, part of a third quarter that saw profit grow 0.2%, dragged down by a challenging July when GOPPAR decreased 2.0% YOY, according to data from HotStats.