STR presents latest hostel performance trends at 4th annual STAY WYSE Conference
Hostels in London and Amsterdam got the spotlight during a session dedicated to hostel performance metrics at this week’s STAY WYSE Hostel Business Conference, hosted by WYSE Travel Confederation in Amsterdam.
“Fundamentals are strong going into 2019,” said Patrick Mayock, Senior Director for Research & Development at STR, a global hotel data and benchmarking firm, member of WYSE Travel Confederation. However, decreases in London hostel ADR outweighed gains made in occupancy and ADR growth decelerated in 2018. As reported in December by STR and WYSE Travel Confederation, demand is fueling strong performance in Amsterdam.
The full STR hostel performance trends presentation is available here.
WYSE teamed up with STR in 2018 to provide members with insights into city performance data on hostel occupancy and bed rates. In 2019 STR will be reporting on hostel performance in additional cities, including Edinburgh.
Interested in more?
STR reports on hostel performance in London, Amsterdam and Edinburgh, and is actively pursuing other markets. Reports are free to data providers. Interested in more information? Please contact Patrick Mayock at email@example.com.
STR provides clients from multiple market sectors with premium, global data benchmarking, analytics and marketplace insights. Founded in 1985, STR maintains a presence in 15 countries with a corporate North American headquarters in Hendersonville, Tennessee, and an international headquarters in London, England. For more information, please visit str.com.