PriceLabs report shows London holiday let prices surged 17% despite fewer bookings
UK: According to the latest PriceLabs STR Index, holiday let prices in London increased by 17% year-on-year in June, despite a 10.9% drop in occupancy compared to the previous year. This surge in prices occurred during one of the hottest Junes on record, with fewer travellers opting for stays in the capital. The Index, which […]
Tariffs raise homebuilding costs up to $102k in states
US: A new study from Evernest finds that U.S. President Donald Trump’s tariffs on international countries have added up to $102,400 to homebuilding costs in some states. Since Trump announced tariff plans and pledged lower costs for Americans, annualized inflation rates have increased. Last month, prices were 2.4 per cent higher than a year ago, […]
First ESG hospitality executive education programme launched
UK: King’s Business School and the hospitality sector’s Energy and Environment Alliance [EEA] are launching an executive education programme developed with input from industry leaders to help them to embed environmental, social and governance [ESG] measures in their businesses.
AirDNA: US rental occupancy tightens gap with last year’s highs
US: The latest market review by short-term rental data provider AirDNA shows another record month for short-term rental demand in the United States.
Airbnb reports record bookings and predicts “strong” summer
US: Airbnb has reported record bookings and rising rates in its second quarter earnings call with travel demand continuing its consolidation.