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Keeping it real: The effects of inflation on London hostel revenue

Keeping it real: The effects of inflation on 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...
Welcome to our new member – Secret Paradise Maldives

Welcome to our new member – Secret Paradise Maldives

News Educational travel is no longer just about providing insight into another culture or country – an interview with Ruth Franklin of Maldives-based tour operator Secret Paradise Primarily perceived as a honeymoon and luxury resort destination, according to Ruth...
Welcome to our new member – City Hub

Welcome to our new member – City Hub

News Youth travel is a serious party that accommodation providers need to recognise – an interview with CityHub’s Dennis Vermeulen A unique and smartly designed hospitality concept with a futuristic feel is perfect for digital natives who want the privacy of a hotel...
Celtic Group Hostels celebrates 25 Years

Celtic Group Hostels celebrates 25 Years

News Ireland’s leading hostel network and group travel organiser, Celtic Group Hostels (CGH), celebrated 25 years in business on 16 May 2019.  Managing Director, Nicola Foley, says, “Our company started back in 1994 when the hostel industry was in its infancy....
Occupancy vs ADR: How Edinburgh balances rate and demand

Occupancy vs ADR: How Edinburgh balances rate and demand

News 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...