Best Holiday Lettings

Category: Holidays

  • Global leisure daily hotel rates achieved a brand new growth record

    Global leisure daily hotel rates achieved a brand new growth record of +5.1% over prior year in June, consistent with second quarter data released today by Pegasus Solutions within the Pegasus View. The one largest processor of electronic hotel transactions reported that together with solid performance for holiday travel, business travel maintained prior year levels for both bookings and rates in the course of the off-season.

    As rates continued to grow for the leisure channel globally, booking growth paused in June, coming within -2.0% of June 2012. After spring closed with substantial booking growth of +6.2% and +3.7% over prior year in April and should, the stall continues to be positive given the general growth it represents. June 2012 increased by +8.5% over 2011, and June 2011 increased by +7.5% over 2010. Overall, vacation travel remains to be making real progress at encouraging prices for hoteliers.

    “The performance we’re seeing may be attributed to the proper formula for hotels: lower room supply with increased leisure and business travel demand,” said David Millili, chief executive officer of Pegasus Solutions. “The second quarter compared against prior years shows that while demand is present, hotels also are present with real distribution strategies. Taking time to know and maneuver the sector of distribution helps hotels attract bookings across both channels on the prices they need guests to pay.”

    For the company channel, which pulls on bookings made in the course of the global distribution systems (GDS), second quarter bookings spiked early before stabilizing to prior year levels. April’s bookings rose +6.2% over 2012, leveling to simply sooner than June 2012 by +0.7% on the close of June. Rates held firm, remaining in spite of prior year through the second quarter, and ending with June coming just shy of prior year by -0.7%.

    Looking forward, the company channel is anticipated to keep solid volume and rates globally, but to not deliver substantial gains over 2012. Future stays suggest rates, however, will pick-up in September and October because the convention season begins. For the leisure channel, July and August rates may rise by over +4.0%, with rates towards prior year in September and October. Booking volume would be at or near prior year levels into early autumn.

    Data reported by Pegasus Solutions comes from billions of transactions processed monthly for almost 100,000 hotels, facilitating greater than $16 billion a year. The Pegasus View, produced quarterly, is the only real industry report back to reflect data drawn from both GDS and ADS transactions, representing the business and leisure markets respectively. Pegasus’ PegasusView Market Performance business intelligence is a monthly reporting product augmenting the worldwide data provided quarterly inside the Pegasus View.

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  • Tunisia: double digit spike in bookings this week

    Online travel agent Directline Holidays (www.directline-holidays.com ) reports a surge in bookings to Tunisia over the last week leading to a 16% increase at the same week last year. CEO Maria Whiteman said: “Travellers undertake careful research before booking a vacation so that they know that, in terms of Tunisia, the coastal resorts remain safe and are unaffected by the events within the capital Tunis and near the Algerian border which were widely reported over recent days. Thousands of Tunisians depend on tourism for his or her livelihoods and the feedback from our customers is that the rustic remains open for business: it can be as hospitable and enjoyable as ever. The surge in recent bookings is because of great value holidays, especially all-inclusive packages, and the resilience of UK holidaymakers determined to enjoy their summer.”

    She added: “We always adhere to, and recommend our customers to follow, all advice issued by the Foreign and Commonwealth Office regarding where it’s safe to travel. Current advisories don’t mention the favored coastal tourist resorts.”

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  • Promising future for Africa despite challenges

    Latest analysis by STR Global, leading provider of information at the hotel industry, reveals that despite high levels of inflation and political uncertainty, Africa is proving that it’s a growing tourist and business destination as hotels in multiple key markets are reporting performance increases for year-to-date (YTD) June 2013.

    However, a gigantic barrier for Africa tourism is the inability of transportation infrastructure. However some low-cost commercial airlines have emerged during the last decade, just a small percentage of airfields are paved and airlift remains limited by reason of high operating costs. Africa’s railway infrastructure isn’t without its own set of challenges as a result of limited interconnected rail systems as some of the national rail systems operate independently. Non-standardised gauges, break systems and traction and obsolete equipment further compound the placement.

    “In spite of many unsolved problems, Africa shows a promising future. There may be an increasing interest in some of countries, particularly in sub-Saharan Africa where tourism is more developed. Tanzania has recorded YTD June 2013 growth in Revenue per available room (RevPAR) of 10.6 percent, largely owing to successful April and June, which saw a 25.7 percent and 27,4 percent increase in RevPAR in USD terms at the prior year, respectively.” said Elizabeth Randall Winkle, Managing Director of STR Global.

    Egypt as an exception has continued to be afflicted by the ill effects of its revolution when occupancy rates dropped as little as 15 percent in February 2011 in Cairo. The capital have been experiencing ongoing unrest and the hot overthrow of President Morsi will determine a special story. Hotels within the Red Sea resorts are still attempting to recover and although occupancy is up 24.7 percent YTD June 2013 to realize occupancy levels of 45.2 percent that’s on par with Cairo, it’s still below the 61.7 percent achieved by hotels within the Red Sea Resort YTD June 2010.

     

    Moroccan hotels then again, having avoided any major upset, have shown an outstanding performance YTD June 2013 with growth in occupancy (17.0 percent) and RevPAR (7.9 percent).

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    Within sub-Saharan Africa, YTD June 2013 hotel performance data for South Africa shows a notable increase in occupancy (4.8 percent) however the decrease in both average daily rate (-7.7 percent) and RevPAR (-3.3 percent) are indicative of an ongoing recovery from inflated rates and the surge of recent supply in the course of the World Football Cup in 2010.

    Botswana, Kenya, Mauritius and Tanzania rely heavily on international tourism, offering splendid beach destinations and/or safaris. In accordance with the WTTC[1], total tourism contribution to GDP for Mauritius is 28 percent, that’s above the arena average (9 percent). A lot of these markets remain depending on leisure tourism. Whilst most African economies are more agrarian and according to mining of natural resources, one of many biggest challenges for opening a hotel in this continent is finding well educated staff and coaching them to deliver a world standard of service.

    Nigeria shows the best RevPAR growth YTD June 2013 (15.2 percent) and the very best average daily rate (ADR) a number of the African countries at US$273.80. The second one highest ADR are located in Mauritius (US$227.08), where besides the strong leisure demand for its resorts, this small economy hosted the FIFA[2] Congress 2013, welcoming around 1,300 guests.

    The World Bank is currently financing 1,091 activities in 6,277 mapped locations in Africa worth US$49.3 billion. Despite high levels of inflation and political uncertainty, Africa has not deterred hotel developers from being excited about the continent and its popularity is probably going to grow inside the next 10 years with a wealth of resources and abundant untouched areas.

    “Africa is a key growth market with a lot of exciting prospects ahead. The present undersupply of hotels, end result of the continent’s natural resources boom and a growing middle class, means there are many opportunities for internationally branded hotels,” said Mark Willis, Area Vice chairman Middle East and Sub-Sahara Africa The Rezidor Hotel Group. “Our development strategy is heading in the right direction and over the subsequent 24 months we shall open more Radisson Blu and Park Inn by Radisson properties in cities including Freetown, Nairobi, Kigali, Libreville, Marrakech and Hammamet.”

    Further details on trends within the hotel markets across Africa can be presented on the Africa Hotel Investment Forum (AHIF) in Nairobi at the 23-25 September where two speakers from STR Global would be at the formal agenda.

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  • Global leisure daily hotel rates achieved a brand new growth record

    Global leisure daily hotel rates achieved a brand new growth record of +5.1% over prior year in June, in accordance with second quarter data released today by Pegasus Solutions within the Pegasus View. The only largest processor of electronic hotel transactions reported that inclusive of solid performance for holiday travel, business travel maintained prior year levels for both bookings and rates in the course of the off-season.

    As rates continued to grow for the leisure channel globally, booking growth paused in June, coming within -2.0% of June 2012. After spring closed with substantial booking growth of +6.2% and +3.7% over prior year in April and can, the stall remains positive given the final growth it represents. June 2012 increased by +8.5% over 2011, and June 2011 increased by +7.5% over 2010. Overall, vacation travel continues to be making real progress at encouraging prices for hoteliers.

    “The performance we’re seeing could be attributed to the appropriate formula for hotels: lower room supply with increased leisure and business travel demand,” said David Millili, chief executive officer of Pegasus Solutions. “The second quarter compared against prior years shows that while demand is present, hotels also are present with real distribution strategies. Taking time to appreciate and maneuver the area of distribution helps hotels attract bookings across both channels on the prices they need guests to pay.”

    For the company channel, which attracts on bookings made throughout the global distribution systems (GDS), second quarter bookings spiked early before stabilizing to prior year levels. April’s bookings rose +6.2% over 2012, leveling to simply in advance of June 2012 by +0.7% on the close of June. Rates held firm, remaining regardless of prior year in the course of the second quarter, and ending with June coming just shy of prior year by -0.7%.

    Looking forward, the company channel is anticipated to take care of solid volume and rates globally, but to not deliver substantial gains over 2012. Future stays suggest rates, however, will pick-up in September and October because the convention season begins. For the leisure channel, July and August rates may rise by over +4.0%, with rates toward prior year in September and October. Booking volume can be at or near prior year levels into early autumn.

    Data reported by Pegasus Solutions comes from billions of transactions processed monthly for just about 100,000 hotels, facilitating greater than $16 billion a year. The Pegasus View, produced quarterly, is the sole industry report back to reflect data drawn from both GDS and ADS transactions, representing the business and leisure markets respectively. Pegasus’ PegasusView Market Performance business intelligence is a monthly reporting product augmenting the worldwide data provided quarterly within the Pegasus View.

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  • Families shouldn’t be get rid of visiting Crete

    Now the college holidays are in full swing, increasing numbers of youth are heading to the Greek island of Crete to take pleasure in the late night clubbing scene.  However loveholidays.com advises that UK families shouldn’t be get rid of visiting the island.

    “This increase in noise and late night partying in Crete is sort of entirely confined to the resort of Malia, which has become the favorite party town for college students this summer.” said loveholidays.com CEO Alex Francis.

    He continued: “Generally in the course of the months between June and August, Crete and particularly Malia is a best choice for college students and young revellers.  However other visitors including families and couples shouldn’t be deterred.  Crete is the most important of all of the Greek islands and provides a lot of other choices of places to stick which are well far from the lively hustle of Malia.”

    Loveholidays.com has over 300 hotels on sale at the island of Crete, lots of that are in smaller towns and villages or located at the outskirts of Malia where visitors can still enjoy a relaxed retreat.  Asterias Village in Hersonissos is one such property.  It’s a lovely family-run and family oriented three star hotel perched high above the most town between two very traditional Greek villages.  The emphasis here’s a great deal geared towards young families because the hotel has a policy of only accepting children aged between 2 – 11 years old, along side couples and other adult guests.

    The main advice this summer from loveholidays.com is to liaise directly with their team to pick out a vacation that most closely fits individual requirements.  The web site also is finely tuned to provide searches for properties and holidays suitable for families and couples, thus avoiding booking a break at some of the more lively resorts.

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