hospitality exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 str. all...
TRANSCRIPT
![Page 1: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/1.jpg)
©2016STR.AllRightsReserved.
HospitalityExchange2017HotelPerformanceTrendsfocusingonNorthernIreland
SarahDuignan– Director,ClientRelationships
![Page 2: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/2.jpg)
©2016STR.AllRightsReserved.
Agenda
STRCoverage
GlobalOverview
What’shappeninginEurope
FocusonNorthernIreland
DeepdiveintoBelfast
Pipeline
FutureEconomicFactors
![Page 3: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/3.jpg)
©2017STR.AllRightsReserved.
STRCoverage– OurSampleHotels&HotelRooms,August2017
Hotels
Rooms
+35.9K
+4,241K
+1.2K
+184K
+10.3K
+1,402K
+848
+151K
+874
+216K
+9.1K
+1,677K
![Page 4: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/4.jpg)
©2017STR.AllRightsReserved.
MiddleEast
SouthernAfrica
NorthernAfrica
-7.6%
GlobalRevPAR%ChangeUSD,EuropeinEUR,ConstantCurrency,August2017YTD
Europe
Asia
+3.0%
+3.1%
+6.6%
+41.2%
+4.3%
-5.2%+3.2%
Australia&Oceania+3.8%
NorthAmerica
CentralAmerica
SouthAmerica
![Page 5: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/5.jpg)
©2016STR.AllRightsReserved.
-15%
-10%
-5%
0%
5%
10%
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Occupancy%change ADR%change RevPAR%change
RevPARpositivegrowth
Europe- RevPARontheup– anevensplitofocc &ADRgrowthOccupancy,ADR,RevPAR%ChangeEUR,CC,R12,December2005– August2017
![Page 6: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/6.jpg)
©2017STR.AllRightsReserved.
Europe– strongoccupancy&ADRbaseEurope– MainKPIsEUR,CC,August2017YTD
71.5%Occupancy+2.7%
110.64ADR+3.8%
79.07RevPAR+6.6%
![Page 7: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/7.jpg)
©2016STR.AllRightsReserved.
€0
€50
€100
€150
€200
€250
40%
45%
50%
55%
60%
65%
70%
75%
80%
85%ADR RevPAR Occupancy
VaryingperformanceacrosskeyEuropeancitiesOccupancy,ADR,RevPAREUR,August2017YTD
![Page 8: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/8.jpg)
©2017STR.AllRightsReserved.
Europe- Amorepositivepicturethan12monthsagoRevPAR%ChangeLC,August2017YTD
Barcelona16
Madrid17Lisbon
18
Edinburgh15
Vienna6
St.Petersburg9
Budapest20
Dublin7
London8
Brussels18
Zurich-3
Rome1
Paris9
Amsterdam9
Copenhagen7
Prague11
Belgrade24 Bucharest
9
Athens8
Istanbul26
Berlin6
Kiev26
Warsaw11
Helsinki7
Moscow3
![Page 9: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/9.jpg)
©2016STR.AllRightsReserved.
+2.1
+3.2
+1.1
+4.5
+5.7
+7.9
UK– MainKPIs%Change,Aug2017YTD£GBPWhat’sdrivinggrowth?
Supply Demand Occupancy ADR RevPAR Revenue
GBP
![Page 10: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/10.jpg)
©2016STR.AllRightsReserved.
£30
£40
£50
£60
£70
£80
-5%
0%
5%
10%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Supply%change Demand%change RevPAR
UK– Supply,Demand%Chg,RevPAR,Jan2007– Aug2017YTD
GBP
![Page 11: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/11.jpg)
©2016STR.AllRightsReserved.
+1.7
+2.7
+0.9
+3.4
+4.3
+6.1
RegionalUK– MainKPIs%Change,Aug2017YTD£GBPWhat’sdrivinggrowth?
Supply Demand Occupancy ADR RevPAR Revenue
GBP
![Page 12: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/12.jpg)
©2016STR.AllRightsReserved.
£30
£40
£50
£60
£70
£80
-5%
0%
5%
10%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Supply%change Demand%change RevPAR
RegionalUK– Supply,Demand%Chg,RevPARJan2007–Aug2017YTD
GBP
![Page 13: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/13.jpg)
©2016STR.AllRightsReserved.
£0
£20
£40
£60
£80
£100
£120
£140
£160
40%
45%
50%
55%
60%
65%
70%
75%
80%
85%
90%ADR RevPAR Occupancy
KeyUKCities– Occupancy,ADR&RevPAR,Aug2017YTD£GBP
![Page 14: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/14.jpg)
©2016STR.AllRightsReserved.
UK– KeyCitiesRevPAR%Change,Oct2016YTD,GBPAgoodyearformostbutforLondon,Newcastle,Cardiff&Aberdeen
Liverpool
13
10
8 London
Aberdeen-10
-1
-7
515
1
4
11
Newcastle
Leeds
Birmingham
Cardiff
GlasgowEdinburgh
Manchester
11Plymouth
19Belfast
7Derry/Londonderry 2
5 York
Nottingham5
2 Southampton
Norwich0
Portsmouth1
17SWUlster
![Page 15: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/15.jpg)
©2016STR.AllRightsReserved.
+0.3
+4.6
+4.3
+11.9
+16.8
+17.1
NorthernIreland– excellentgrowthyearoveryearMainKPI’s%change,AugustYTD£GBP
Supply Demand Occupancy ADR RevPAR Revenue
![Page 16: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/16.jpg)
©2016STR.AllRightsReserved.
£30
£40
£50
£60
£70
£80
-5%
0%
5%
10%
15%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Supply%change Demand%change RevPAR
NorthernIreland– decentdemand&RevPARover£60Supply,Demand%Chg,RevPARJan2007– August2017
GBP
![Page 17: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/17.jpg)
©2016STR.AllRightsReserved.
+0.5
+4.6
+4.1
+7.6
+12.0
+12.5
RegionalNorthernIreland– pacingextremelywellMainKPI’s%change,August2017YTD£GBP
Supply Demand Occupancy ADR RevPAR Revenue
![Page 18: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/18.jpg)
©2016STR.AllRightsReserved.
£0
£10
£20
£30
£40
£50
£60
-10%
-5%
0%
5%
10%
2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Supply%change Demand%change RevPAR
RegionalNorthernIreland– RevPARlagsNIbylessthan£6Supply,Demand%Chg,RevPARJan2007– August2017
GBP
![Page 19: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/19.jpg)
©2016STR.AllRightsReserved.
Belfast,Derry/Londonderry&SWUlsterYearEnd&Aug2017YTDOcc,ADR&RevPAR,£GBP
0%10%20%30%40%50%60%70%80%90%
£0£10£20£30£40£50£60£70£80£90
ADR RevPAR Occupancy
![Page 20: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/20.jpg)
©2016STR.AllRightsReserved.
£0
£20
£40
£60
£80
£100
£120
£140
£160
40%
45%
50%
55%
60%
65%
70%
75%
80%
85%
90%ADR RevPAR Occupancy
PrimaryNorthern&SouthernIrishmarketsOccupancy,ADR&RevPAR– Aug2017YTD– LocalCurrency
![Page 21: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/21.jpg)
RevPAR%change,YTDAug2017,LocalCurrency
Derry/Londonderry 7
19BelfastSWUlster 17
7Dublin
Cork 89Kerry
Kilkenny 9
11NorthWestIreland
LeinsterReg 813MunsterReg
![Page 22: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/22.jpg)
©2016STR.AllRightsReserved.
-25%
-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
Supply%chg Demand%chg Revenue%chg
Belfast– Supply,Demand&Revenue%chg – RevenuepeaksGBP,R12Jan2008– August2017
![Page 23: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/23.jpg)
©2016STR.AllRightsReserved.
-40
-30
-20
-10
0
10
20
30Occupancy ADR RevPAR
Belfast– doubledigitADR&RevPARgrowth&5yearsgrowthOcc,ADR&RevPAR%changes
![Page 24: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/24.jpg)
©2016STR.AllRightsReserved.
BelfastWeekday/WeekendPerformance– Occ,ADR&RevPARBelfast,WD/WE,YTDAugust2015,2016&2017
*SeptemberDataisPreliminary
0
10
20
30
40
50
60
70
80
90
100
70.0
72.0
74.0
76.0
78.0
80.0
82.0
84.0
86.0
88.0
ADR(EUR)
Occupancy(%) ADR(GBP) RevPAR(GBP)
FullWeekWeekendWeekday
![Page 25: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/25.jpg)
©2016STR.AllRightsReserved.
BelfastCompressionAnalysis– YTDAugust83nightsover90%YTDAugust2015,2016&2017
0
10
20
30
40
50
60
70
80
90
100
0
10
20
30
40
50
60
70
80
90
ADR(GBP
)
DayCo
unt
Occupancy(%) DayCount ADR(GBP)>=9080- 9070- 80<70
47% 8%
![Page 26: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/26.jpg)
©2016STR.AllRightsReserved.
Derry/LondonderryCompressionAnalysis– 34%pricingpowerYTDAugust2015,2016&2017
0
10
20
30
40
50
60
70
80
0
20
40
60
80
100
120
140
ADR(GBP
)
DayCo
unt
Occupancy(%) DayCount ADR(GBP)>=9080- 9070- 80<70
34%
37%
![Page 27: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/27.jpg)
©2016STR.AllRightsReserved.
SouthWestUlsterCompressionAnalysis– increaseinmidbandsYTDAugust2015,2016&2017
0
20
40
60
80
100
120
0
20
40
60
80
100
120
140
160
180
200
ADR(GBP
)
DayCo
unt
Occupancy(%) DayCount ADR(GBP)>=9080- 9070- 80<70
40%
167%
![Page 28: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/28.jpg)
©2016STR.AllRightsReserved.
0 20 40 60 80 100 120 140 160
London
SoutheastEngland
Scotland
NorthwestEngland
SouthwestEngland
Yorkshire&Humberside
NorthernIreland
WestMidlands
EastMidlands
EastEngland
Thousands
Existing Pipeline
UKbyregion– Pipeline,Top10– NorthernIrelandin7th placeAugust2017Report,PipelinebyRoomCount
![Page 29: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/29.jpg)
©2016STR.AllRightsReserved.
0 2 4 6 8 10 12 14 16 18 20
Edinburgh
Manchester
Glasgow
Belfast
Birmingham
Liverpool
Leeds
Bristol
Leicester
Cardiff
Thousands
Existing Pipeline
UKbycity– Pipeline,Top10– Belfastin4th positionintheUKSeptember2017Report,PipelinebyRoomCount
![Page 30: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/30.jpg)
©2016STR.AllRightsReserved.
Challengeswillcontinueinto2018andbeyond
ContinuedthreatofTerrorism
Brexit
Currencyexchangerates OilPrices
MigrantCrisis
Europe2015-16
Politicalinstabilityathome&abroad
![Page 31: Hospitality Exchange 2017hospitalityexchange.org.uk/wp-content/uploads/2017/... · © 2017 STR. All Rights Reserved. STR Coverage –Our Sample Hotels & Hotel Rooms, August 2017 Hotels](https://reader034.vdocuments.site/reader034/viewer/2022050122/5f51f2ba012d5e662e1ec982/html5/thumbnails/31.jpg)
©2016STR,Inc.AllRightsReserved.Anyreprint,useorrepublicationofallorapartofthispresentationwithoutthepriorwrittenapprovalofSTR,Inc.orSTRGlobal,Ltd.tradingasSTR(collectively“STR”)isstrictlyprohibited.AnysuchreproductionshallspecificallycreditSTRasthesource.ThispresentationisbasedondatacollectedbySTR.Nostrategicadviceormarketing recommendationisintendedorimplied.
Thank You!
@STR_Data
SarahDuignanDirector– ClientRelationships